Authored By: Sarah
24 Oct 2023

Billion-Dollar Dairy Ingredients Market Analysis through 2023-2027|Agropur Dairy Cooperative, Arla Foods Ingredients Group PS, Aurivo Co-operative Society Ltd. are among Market Pioneers

Competitive Benchmarking and Forecasts for Market Players 2023-2027

The Dairy Ingredients Market is a billion-dollar sector in making that is projected to increase by USD 29.36 Bn and the market size is estimated to grow at a CAGR of 7.3% between 2022 and 2027.

According to Technavio's Market Research, it has been observed that the "global dairy ingredients market is being propelled by the surging consumption of bakery and confectionery items"

Moreover, the preference for frozen bakery goods, like cakes, pastries, and ready-to-eat muffins, is rising owing to their extended shelf life and customer appeal, amplifying business and broadening the consumer base. As lifestyles evolve with longer work hours, the convenience of frozen foods gains more traction.

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Snapshot of Dairy Ingredients Market Analysis

Core Companies and their Key Offerings: When it comes to the key market players, the rising demand across the world, pushes the core companies to come up with a lot of offerings.

Some of the offerings by core companies comprise

  • Savencia SA offers dairy ingredients that provide a variety of cheeses, butter and butter blends, milk and cream, as well as dairy ingredients.
  • Arla Foods Ingredients Group PS offers dairy ingredients that are used for the production of clean-label yogurt or low-fat cheese, for example, or for protein enrichment in general.
  • Aurivo Co-operative Society Ltd offers dairy ingredients that include pasture-based milk production from sustainable Irish dairy farms.

Prominent names such as  Aurivo Co-operative Society Ltd., Dairy Farmers of America Inc., EUROSERUM, Fonterra Cooperative Group Ltd., Glanbia Plc, Hoogwegt, Inner Mongolia Yili Industrial, LACTALIS Ingredients, MEGMILK SNOW BRAND Co. Ltd., Morinaga Milk Industry Co. Ltd., Nestle SA, Royal FrieslandCampina NV, Saputo Inc., Savencia SA, Schreiber Foods Inc., etc are some of the major market participants.

Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers followed by detailed profiling of the market players along with competitive benchmarking. Download our sample to learn more about the Dairy Ingredients Market

Dairy Ingredients Market Highlights

  • The Dairy ingredients market is segmented by Type (Milk powders, Milk protein concentrates & isolates, Whey ingredients, and Others), Application (Bakery and confectionery, Dairy products, Infant milk formula, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
  • APAC led the market with 41% of the market growth set to originate from this region during the forecast period.
  • Rising consumption of bakery and confectionery products is one of the primary factors driving the growth of the dairy ingredients market. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. 

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