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Global Dairy Ingredients Market Forecast, 2021-2022 & 2028 – Rising Trends of Clean Labels in Dairy Products and Growing Popularity of Certified Organic Dairy Ingredients

DUBLIN, April 22, 2022–(BUSINESS WIRE)–The report “Dairy Ingredients Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Product Type and Application” has been added to from ResearchAndMarkets.com offer.

Dairy Ingredients Market was valued at USD 85,684.15 Million in 2021 and is projected to reach USD 105,295.16 Million by 2028. It is projected to grow at a CAGR of 3.0% from 2021 to 2028.

Dairy ingredients are widely used as stabilizers, thickeners and setting agents in various food and beverage products, such as baked goods, confectionery, frozen desserts, tea, coffee, dairy products and baby foods.

They are important sources of protein, including whey protein and casein. Dairy ingredients add functional benefits to foods and beverages. Additionally, they are used to make protein supplements widely consumed by health-conscious consumers, fitness enthusiasts, and athletes.

Based on application, the dairy ingredients market is segmented into food and beverages, personal care, pharmaceuticals, and nutraceuticals. The food and beverage segment accounted for a larger market share in 2020. The food and beverage industry is growing at a rapid pace.

Growing demand for processed foods and beverages due to high per capita income, changing food consumption patterns and improving people’s lifestyles is driving the global food industry and drinks. However, with the growing demand for ready-to-eat foods, people are increasingly preferring health foods that provide functional benefits. This factor is expected to drive the demand for dairy ingredients in the food and beverage industry.

In 2020, Asia-Pacific held the largest share of the global dairy ingredients market, while the Middle East and Africa is expected to register the fastest growth over the forecast period. According to the Food and Agriculture Organization of the United Nations (FAO), in Asia, total milk production was 379 million tonnes in 2020.

China and India are among the largest producers of milk and dairy products in Asia-Pacific. The demand for dairy ingredients in the Asia-Pacific market is increasing due to the accelerated economic growth of many countries in this region, increase in milk production, growth of facilities in the dairy industry supply chain and strong government support to promote the dairy sector. .

Key players in the dairy ingredients market include Agropur, Arla Foods Ingredients Group P/S, Lactalis Ingredients, Frieslandcampina, Saputo Inc., Fonterra Co-Operative Group Limited, Kerry, Amco Proteins, Prolactal, and Glanbia Ireland, among others.

Key market dynamics

Market factors

  • Wide scope of application

  • Growth of the dairy industry

Market restriction

Market opportunities

Future trends

Key Company Profiles

  • FrieslandCampina Ingredient.

  • Fonterra Co-operative Group Limited

  • Arla Foods P/S Ingredient Group

  • Lactalis ingredients

  • AGROPUR

  • Saputo inc.

  • Kerry Group

  • AMCO proteins

  • PROLACTAL

  • Ireland

For more information about this report visit https://www.researchandmarkets.com/r/uebykp

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220422005237/en/

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