Dairy Ingredients Market Size, Share & Trends Analysis Report By Source, Type, Application, Analysis, and Forecast 2023-2031 - By IMIR Market Research
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Region: Global | Format: Word, PPT, Excel | Report Status: Published
IMIR Market Research a leading global market research firm, is pleased to announce its new report on Dairy Ingredients Market, forecast for 2023-2031, covering all aspects of the market and providing up-to-date data on current trends.
The Dairy Ingredients Market size was USD 66.10 billion in 2022. Covid-19's impacts the dairy industry due to various factors such as supply chain disruptions, reduced consumer demand, and reduced availability of labor. The demand for dairy products has been affected by the closure of restaurants and cafes, which has reduced the consumption of dairy products. Between 2023 and 2031, the market is projected to grow at a CAGR of 6.90%, from USD 70.48 billion in 2023 to USD 117.83 billion in 2031. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over.
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Market Scope and Definition:
The dairy ingredients market refers to the global market for various ingredients derived from dairy products. Dairy ingredients are typically obtained from milk or milk by-products and are used as key components in various food and beverage products. These ingredients can undergo processing, such as drying or concentration, to extend their shelf life and enhance their functionality in different applications. Dairy ingredients include a wide range of products, such as milk powder, whey powder, lactose, casein, caseinates, butter, cheese, and others.
The scope of the dairy ingredients market encompasses various aspects related to the production, distribution, and consumption of dairy-based ingredients. The dairy ingredients market is broad and continually evolving as new product developments, consumer demands, and industry trends emerge. Several key players in the market are adopting strategies such as mergers, acquisition, partnerships, and collaboration for the expansion their product portfolio. For instance,
Market Drivers:
Increasing Consumer Demand for Nutritious and Healthy Products is the Driver of the Dairy Ingredients Market
Consumers are increasingly seeking food and beverage products that offer nutritional benefits and support a healthy lifestyle. Dairy ingredients, such as whey protein, casein, and milk powders, are rich sources of essential nutrients, including proteins, vitamins, minerals, and bioactive compounds. The growing awareness of the health benefits associated with dairy ingredients is driving their demand in various applications.
Growing Consumption of Dairy Products Drives the Market Growth
Dairy products, such as milk, cheese, yogurt, and butter, continue to be widely consumed worldwide. The demand for dairy ingredients is closely linked to the consumption of these products. Factors such as population growth, urbanization, and increasing disposable incomes in emerging markets are driving the consumption of dairy products and, consequently, the demand for dairy ingredients.
The global population continues to grow, particularly in emerging markets. As the population increases, so does the demand for food, including dairy products. With a larger consumer base, there is a greater need for dairy ingredients to meet the production requirements of dairy products.
Fonterra is a global dairy nutrition company based in New Zealand and is one of the largest dairy ingredient suppliers in the world. Here's how Fonterra leverages the growing consumption of dairy products.
Market Trends:
Sustainable Sourcing and Production is the Market Trend of Dairy Ingredients Market.
Sustainability is a key concern for consumers, leading to increased demand for dairy ingredients from sustainable sources. Companies are adopting practices like regenerative agriculture, energy-efficient processing, and packaging innovations to minimize their environmental impact and meet the sustainability expectations of consumers.
05 May 2021 --- Lactalis Ingredients is launching an organic whole milk powder, expanding its portfolio of milk powders, amid rising consumer interest in health and food quality issues. Lactalis Ingredients' launch of organic whole milk powder represents an expansion of their milk powder portfolio. By introducing this new product, the company aims to meet the increasing demand for organic and high-quality ingredients in the food industry.
Market Restraining Factors:
Health Concerns and Dietary Shifts and Environmental Impact is a Restraining Factor in the Dairy Ingredients Market
Changing dietary preferences, such as the rise of plant-based diets and lactose intolerance, have led some consumers to reduce or eliminate dairy products from their diets. This shift in consumer behaviour can impact the demand for dairy ingredients and necessitate the development of alternative ingredient options.
The dairy industry is associated with environmental challenges, including greenhouse gas emissions, water usage, and waste generation. Increasing consumer awareness and concerns about sustainability can pose restraints on the industry, pushing companies to adopt more sustainable practices and develop eco-friendly alternatives.
Scope of Dairy Ingredients Market Report:
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Dairy Ingredients Market. On the basis of historic growth analysis and current scenario of Dairy Ingredients market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Dairy Ingredients market. This further helps users with their developmental strategy.
This report examines all the key factors influencing growth of global Dairy Ingredients market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Dairy Ingredients market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, pricing strategies, innovation possibilities and much more.
The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
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Key Players Strategies in the Market:
Dairy Ingredients Market Players Analysis:
Key Industry Developments:
Dairy Ingredients Market Players & Competitor Analysis:
The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2023-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
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Regional Snapshots:
North America: The North America region is a significant market for dairy ingredients, with a high demand for dairy products and a strong focus on health and wellness. The market is driven by the presence of major dairy ingredient manufacturers in the region, including Fonterra, Glanbia, and Dairy Farmers of America. The United States is the largest market for dairy ingredients in North America.
Europe: Europe is a prominent market for dairy ingredients, known for its strong dairy industry and consumption of dairy products. The region has a rich tradition in dairy farming and production.
Asia-Pacific: Asia-Pacific is a significant and rapidly growing market for dairy ingredients. The region is experiencing increasing urbanization, population growth, and rising disposable incomes, which have led to a surge in the consumption of dairy products. Countries such as China, India, Japan, Australia, and New Zealand play a vital role in the Asia-Pacific dairy ingredients market.
Middle East and Africa: The Middle East and Africa region is an emerging market for dairy ingredients. While the consumption of dairy products in this region is traditionally lower compared to other regions, there has been a growing demand for dairy products and dairy ingredients in recent years.
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Report Coverage:
The report will cover the qualitative and quantitative data on the global dairy ingredients market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.
Points Covered in the Report:
The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.
The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Reasons to Purchase:
Research Scope of Dairy Ingredients Market:
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