Dairy Ingredients Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Milk Powder, Milk Protein, Lactose & Derivatives, Others), By Livestock (Cows, Buffaloes, Others), By Application (Bakery & Confectionery, Dairy Products, Sports Nutrition Products, Infant Milk Formula, Others), By Form (Dry, Liquid), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2020 To 2025

Published:  Jun 2021 Report Code: KSI061613503 Pages: 120

The global dairy ingredients market is expected to grow at a CAGR of 5.94% over the forecast period to reach a total market size of US$69.707 billion by 2025, increasing from US$49.308 billion in 2019. The products that are produced or contain the milk of mammals such as cows, buffaloes, and goats among others are called dairy ingredients. Expanding the dairy industry coupled with the growing demand for dairy products is expected to drive the growth of the market during the forecast period. However, the availability of substitutes and rising inclination towards a vegan diet is anticipated to restrain the growth of the market in the coming years.

Dairy products are considered an important source of nutrients

Dairy products and milk are considered nutrient dense food supplying energy, protein, and micronutrients such as calcium, selenium, vitamin B12, B5, and magnesium among others which are essential in reducing malnutrition and hunger. Even many countries have recommended dietary guidelines for dairy products as a component in a balanced diet. At the global stage, milk contributes on average 134 kcal of energy per capita per day to the global supply of energy, 8.3 g of protein per capita per day to the global supply of protein.  In addition, it is the fifth-largest provider of energy and the third-largest provider of protein and fat to human beings (Source: FAO).

Expanding the dairy industry

Milk and milk products are considered as one of the most produced and valuable agricultural commodities worldwide. According to the Food and Agriculture Organization, milk contributes nearly one-fourth to the global value-added of livestock and one tenth to that of agriculture. Milk and dairy products account for fourteen percent of the global agriculture trade and global milk production is projected to increase to 177 million tonnes by the end of 2025.

The rising prevalence of the vegan diet is expected to hinder the growth of the market in the coming years

The rising preference for the vegan diet is a substantial contributing factor towards the meteoric adoption of non-dairy milk alternatives which is reducing the demand for dairy products. Presently consumers are proactively moving away from bovine milk towards plant-based milk mainly due to milk protein allergy, lactose intolerance, cultural influences, etc. In addition, companies are investing heavily in plant-based milk alternatives which further restrains the girth of the market. For instance, Califia Farms known for its range of plant-based kinds of milk that are inclusive of but are not limited to that of coconut and almond milk raised a $50 million round of capital in the year of 2018 led by Ambrosia Investments.

By livestock, the cow is holding a significant share in the market during the forecast period

By livestock, the dairy ingredient market is segmented on the basis of cows, buffaloes, and others. The cow's segment is expected to hold a significant share in the market on account of its large population and less complication in performing the whole milking process compared to others. Besides, India is the global leader in milk production and also holds the largest population of cows in the world showing a direct correlation between the milk production and cow population. Furthermore, another livestock-based dairy ingredient is mostly present in specific regions leading to limited global reach.

The Asia Pacific is holding a significant share in the market

By geography, the dairy ingredients market is segmented as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The dairy ingredients market in the Asia Pacific is estimated to hold a significant share in 2019 and is anticipated to grow rapidly on account of an increased investment by big market players in the countries like China and India. China which is the most populated country imports about thirty percent of its dairy products which is further expected to increase in the coming future. Also according to the National Dairy Development Plan, China should be 70% self-sufficient by the end of 2028. In addition, increasing disposable income in developing countries like India, China, and Indonesia is also expected to boost the demand for ready-to-eat or convenience foods made of dairy ingredients which propel the growth opportunities in the coming years. Simultaneously, in Europe and North America due to the availability of plant-based milk ingredients the market for the dairy ingredient is anticipated to grow marginally during the forecast period.

Competitive Insights

Prominent key market players in the global dairy ingredients market include the FrieslandCampina, Arla Foods amba, Glanbia, Kerry Group, Groupe Lactalis, Amul, and Saputo among others. At present, these companies are holding a significant share in the market and are adopting various growth strategies such as new product launches, mergers and acquisitions, and partnerships to expand their global footprint. For instance, in September 2019, Arla Foods launched a new ingredient called whey protein hydrolysate without the bitter taste which is more readily absorbed than intact whey protein and gives body quicker access to amino acids and reduces muscle damage. Also in February 2019, Glanbia acquired Watson headquartered in the Connecticut United States for nearly US$89 million. Major players in the dairy ingredients market have been covered along with their relative competitive position and strategies in the recent years. The report also mentions recent deals and investments of different market players. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the dairy ingredients market.

Dairy Ingredients Market Scope:

Report Metric Details
 Market size value in 2019  US$49.308 billion
 Market size value in 2025  US$69.707 billion
 Growth Rate  CAGR of 5.94% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Livestock, Application, Form, Distribution Channel, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  FrieslandCampina, Arla Foods amba, Glanbia, Kerry Group, Groupe Lactalis, Amul,   Saputo, Volac International Ltd., Dairy Farmers of America, Euroserum
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Type
    • Milk powder
    • Milk protein
    • Lactose & Derivatives
    • Others
  • By Livestock
    • Cows
    • Buffaloes
    • Others
  • By Application
    • Bakery & Confectionery
    • Dairy Products
    • Sports Nutrition Products
    • Infant Milk Formula
    • Others
  • By Form
    • Dry
    • Liquid
  • By Distribution Channel
    • Online
    • Offline
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Australia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the dairy ingredients market size by 2025?
A1. The global dairy ingredients market is expected to reach a total market size of US$69.707 billion in 2025. 


Q2. What factors are anticipated to drive the dairy ingredients market growth?
A2. Expanding the dairy industry coupled with the growing demand for dairy products is expected to drive the growth of the market during the forecast period. 


Q3. What is the size of the global dairy ingredients market?
A3. Dairy Ingredients Market was valued at US$49.308 billion in 2019. 


Q4. What are the growth prospects for the dairy ingredients market?
A4. The dairy ingredients market is expected to grow at a CAGR of 5.94% over the forecast period. 


Q5. Which region holds the largest market share in the dairy ingredients market?
A5. The dairy ingredients market in the Asia Pacific is estimated to hold a significant share in 2019 and is anticipated to grow rapidly on account of increased investment by big market players in countries like China and India.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
 
2. Research Methodology
2.1. Research Data
2.2. Assumptions
 
3. Executive Summary
3.1. Research Highlights
 
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
 
5. Dairy ingredients Market Analysis, By Type
5.1. Introduction
5.2. Milk powder
5.3. Milk protein
5.4. Lactose & Derivatives
5.5. Others
 
6. Dairy ingredients Market Analysis, By Livestock
6.1. Introduction
6.2. Cows
6.3. Buffaloes
6.4. Others
 
7. Dairy ingredients Market Analysis, By Application
7.1. Introduction
7.2. Bakery & Confectionery
7.3. Dairy Products
7.4. Sports Nutrition Products
7.5. Infant Milk Formula
7.6. Others
 
8. Dairy ingredients Market Analysis, By Form
8.1. Introduction
8.2. Dry
8.3. Liquid
 
9. Dairy ingredients Market Analysis, By Distribution Channel
9.1. Introduction
9.2. Online
9.3. Offline
 
10. Dairy ingredients Market Analysis, By Geography
10.1. Introduction
10.2. North America (US$ Million) (KT)
10.2.1. North America Dairy ingredients Market, By Type, 2019 to 2025 (US$ Million) (KT)
10.2.2. North America Dairy ingredients Market, By Livestock, 2019 to 2025 (US$ Million) (KT)
10.2.3. North America Dairy ingredients Market, By Application, 2019 to 2025 (US$ Million) (KT)
10.2.4. North America Dairy ingredients Market, By Form, 2019 to 2025 (US$ Million) (KT)
10.2.5. North America Dairy ingredients Market, By Distribution Channel, 2019 To 2025 (US$ Million) (KT)
10.2.6. By Country
10.2.6.1. United States (US$ Million) (KT)
10.2.6.2. Canada (US$ Million) (KT)
10.2.6.3. Mexico (US$ Million) (KT)
10.3. South America (US$ Million) (KT)
10.3.1. South America Dairy ingredients Market, By Type, 2019 to 2025 (US$ Million) (KT) 
10.3.2. South America Dairy ingredients Market, By Livestock, 2019 to 2025 (US$ Million) (KT)
10.3.3. South America Dairy ingredients Market, By Application, 2019 to 2025 (US$ Million) (KT)
10.3.4. South America Dairy ingredients Market, By Form, 2019 to 2025 (US$ Million) 
10.3.5. South America Dairy ingredients Market, By Distribution Channel, 2019 To 2025 (US$ Million) (KT)
10.3.6. By Country
10.3.6.1. Brazil (US$ Million) (KT)
10.3.6.2. Argentina (US$ Million) (KT)
10.3.6.3. Others
10.4. Europe (US$ Million) (KT)
10.4.1. Europe Dairy ingredients Market, By Type, 2019 To 2025 (US$ Million) (KT)
10.4.2. Europe Dairy ingredients Market, By Livestock, 2019 To 2025 (US$ Million) (KT)
10.4.3. Europe Dairy ingredients Market, By Application, 2019 to 2025 (US$ Million) (KT)
10.4.4. Europe Dairy ingredients Market, By Form, 2019 to 2025 (US$ Million) (KT) 
10.4.5. Europe Dairy ingredients Market, By Distribution Channel, 2019 To 2025 (US$ Million) (KT)
10.4.6. By Country
10.4.6.1. UK (US$ Million) (KT)
10.4.6.2. Germany (US$ Million) (KT)
10.4.6.3. France (US$ Million) (KT)
10.4.6.4. Spain (US$ Million) (KT)
10.4.6.5. Others
10.5. Middle East and Africa (US$ Million) (KT)
10.5.1. Middle East And Africa Dairy ingredients Market, By Type, 2019 To 2025 (US$ Million) (KT)
10.5.2. Middle East And Africa Dairy ingredients Market, By Livestock, 2019 To 2025 (US$ Million) (KT)
10.5.3. Middle East and Africa Dairy ingredients Market, By Application, 2019 to 2025 (US$ Million) (KT)
10.5.4. Middle East and Africa Dairy ingredients Market, By Formulation, 2019 to 2025 (US$ Million) (KT)
10.5.5. Middle East And Africa Dairy ingredients Market, By Distribution Channel, 2019 To 2025 (US$ Million) (KT)
10.5.6. By Country
10.5.6.1. Saudi Arabia (US$ Million) (KT)
10.5.6.2. South Africa (US$ Million) (KT)
10.5.6.3. Others
10.6. Asia Pacific (US$ Million) (KT)
10.6.1. Asia Pacific Dairy ingredients Market, By Type, 2019 To 2025 (US$ Million) (KT)
10.6.2. Asia Pacific Dairy ingredients Market, By Livestock, 2019 To 2025 (US$ Million) (KT)
10.6.3. Asia Pacific Dairy ingredients Market, By Application, 2019 to 2025 (US$ Million) 
10.6.4. Asia Pacific Dairy ingredients Market, By Form, 2019 to 2025 (US$ Million) (KT)
10.6.5. Asia Pacific Dairy ingredients Market, By Distribution Channel, 2019 To 2025 (US$ Million) (KT)
10.6.6. By Country
10.6.6.1. Japan (US$ Million) (KT)
10.6.6.2. China (US$ Million) (KT) 
10.6.6.3. India (US$ Million) (KT)
10.6.6.4. Australia (US$ Million) (KT)
10.6.6.5. Others
 
11. Competitive Environment and Analysis
11.1. Major Players and Strategy Analysis
11.2. Emerging Players and Market Lucrativeness
11.3. Mergers, Acquisitions, Agreements, and Collaborations
11.4. Vendor Competitiveness Matrix
 
12. Company Profiles 
12.1. FrieslandCampina
12.2. Arla Foods amba
12.3. Glanbia
12.4. Kerry Group
12.5. Groupe Lactalis
12.6. Amul
12.7. Saputo
12.8. Volac International Ltd.
12.9. Dairy Farmers of America
12.10. Euroserum

FrieslandCampina

Arla Foods amba

Glanbia

Kerry Group

Groupe Lactalis

Amul

Saputo

Volac International Ltd.

Dairy Farmers of America

Euroserum

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