The dairy ingredients market was valued at US$ 85,684.15 million in 2021 and is projected to reach US$ 105,295.16 million by 2028. It is expected to grow at a CAGR of 3.0% from 2021 to 2028.
Dairy ingredients are a rich source of proteins, amino acids, carbohydrates, minerals and vitamins, and probiotics. Dairy ingredients are used in various food and beverages, including bakery products, confectionery, ice creams, dairy products, desserts, spice blends, and dry baking mixes. Dairy proteins are used in protein supplements and functional foods. Moreover, dairy ingredients are also used in personal care products as they provide hydration to the skin and hair. Furthermore, dairy proteins are used in animal feed to feed fortification to fulfil livestock animals' nutritional requirements.
Asia-Pacific held the largest share of the global market for dairy ingredients in 2020, while the Middle East and Africa market is expected to grow at the fastest CAGR over the forecast period. India is one o0f the largest dairy producers in the region. According to the Food and Agriculture Organization (FAO), India accounts for 22 % of the global milk production. The presence of a well-established dairy industry in the region is one of the primary factors driving the growth of the regional market. Moreover, the rising demand for functional foods and beverages and protein supplements due to the growing focus on health and well-being are also significant factors driving the growth of the Asia-Pacific dairy ingredients market.
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Dairy Ingredients Market: Strategic Insights
Market Size Value in US$ 85,684.15 Million in 2021 Market Size Value by US$ 105,295.16 Million by 2028 Growth rate CAGR of 3.0% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Dairy Ingredients Market: Strategic Insights
Market Size Value in | US$ 85,684.15 Million in 2021 |
Market Size Value by | US$ 105,295.16 Million by 2028 |
Growth rate | CAGR of 3.0% from 2021 to 2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Impact of COVID-19 Pandemic on Dairy Ingredients Market
Impact of COVID-19 Pandemic on Dairy Ingredients Market
The COVID-19 pandemic has affected many industries, including the food and beverage industry. The pandemic created operational difficulties because of lockdowns, business shutdowns, and supply chain disruptions. The dairy industry was also affected due to labor and raw material shortages. However, due to increased awareness regarding health and fitness, the demand for functional food and beverages increased, which offered positive growth opportunities to the dairy ingredients market. Moreover, the need for dietary supplements also increased due to the rising preference for immunity-boosting products. This factor also positively boosted the market growth. Additionally, rising vaccination rates, the revival of manufacturing activities, and the relaxation in government regulations are projected to positively influence the global dairy ingredients market over the forecast period.
Market Insights
Growth in Dairy Industry Driving Dairy Ingredients Market
The global dairy industry is witnessing notable growth. According to the United Nations Food and Agriculture Organization (FAO), global milk production accounted for 928 million tons in 2021. The rising population and changing diets of people are potentially driving the growth of the dairy industry. Moreover, rapid urbanization, increasing disposable income, and rising preference for protein-rich, nutritious foods are also boosting the development of the dairy industry. Furthermore, the dairy industry is undergoing a technological transformation. Manufacturers use emerging technologies, such as blockchain, robotics, and GPS-enabled devices, to optimize dairy production. These factors are driving the growth of the dairy industry, which is likely to propel the growth of the dairy ingredients market over the forecast period.
Product Type Insights
Based on product type, the global market for dairy ingredients is segmented into proteins, milk powder, milk fat concentrates, lactose & lactose derivatives, and others. The protein segment is expected to register significant growth during the forecast period 2021-2028. Casein and whey proteins are the major proteins found in milk. Casein is widely used in infant nutrition products and baby foods. Whey proteins are used to manufacture protein supplements. Whey proteins are also used in functional food and beverages for fortification purposes. The rising demand for protein-rich foods is driving the need for milk proteins. Moreover, the growing demand for milk proteins to manufacture infant food due to increased awareness about specific infant nutrition is also driving the segment's growth.
Application Insights
Based on application, the dairy ingredients market is segmented into food & beverage, pharmaceuticals & nutraceuticals, animal feed, and personal care. The food & beverage segment accounted for the largest market share in 2020. Dairy ingredients are being extensively used in various food and beverages, including bread, cakes, pastries, muffins, ice-creams, chocolates, cheese, and cream. The rapidly growing food and beverage industry owing to rising disposable incomes, rapid urbanization, rising inclination towards health and fitness, and increasing demand for convenience foods, are the key factors driving the growth of the dairy ingredients market. Moreover, increasing demand for dairy proteins from the nutraceuticals industry is also expected to drive the segment's growth over the coming years.
A few players operating 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 other players.
Dairy Ingredients Market Report Scope
Report Spotlights
- Progressive industry trends in the dairy ingredients market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the dairy ingredients market from 2019 to 2028
- Estimation of global demand for dairy ingredients
- Porter's five forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the dairy ingredients market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the dairy ingredients market size at various nodes
- Detailed overview and segmentation of the market, as well as the dairy ingredients industry dynamics
- Size of the dairy ingredients market in various regions with promising growth opportunities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
With the rapid growth of the dairy industry, the demand for dairy ingredients such as milk powder, lactose and its derivatives, milk protein, etc., is also growing. surging dairy production, the dairy ingredients market is also projected to register a notable growth over the forecast period.
Asia-Pacific accounted for the largest share of the global dairy ingredients market. The surge in demand for dairy ingredients in the food & beverage and nutraceutical industry to drive the dairy ingredients market in the region.
The dairy ingredients are a major constituent of nutritious food and supplements. It gets widely used in probiotic foods, protein supplements. Whey protein is often sold as a protein supplement, and it has been associated to a variety of health benefits. Due to these properties, manufacturers of pharmaceutical and nutraceutical products frequently employ dairy ingredients in their products.
Dairy ingredients have a wide range of applications across several end-use industries including food and beverage, pharmaceuticals and nutraceuticals, personal care, and animal feed is expected to create lucrative opportunities for dairy ingredients market in the coming years.
Based on application, the food and beverage segment accounted for the largest revenue share as the dairy ingredients essentially thrive on the wider functional benefits that these ingredients confer, in terms of high quality, safety, and nutrition of the processed food products. Processed food products include various categories, such as baked products, confectionary, and beverages.
The major players operating in the global dairy ingredients market are FrieslandCampina Ingredient., Fonterra Co-operative Group Limited, Arla Foods Ingredients Group P/S, Lactalis Ingredients, AGROPUR, Saputo Inc., Kerry Group, AMCO Proteins, PROLACTAL, Glanbia Ireland.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Global Dairy Ingredients Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to Substitute
4.2.4 Threat to New Entrants
4.2.5 Competitive Rivalry
4.3 Expert Opinion
4.4. Value Chain Analysis
5. Dairy Ingredients Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Wide Application Scope
5.1.2 Growth of Dairy Industry
5.2 Market Restraint
5.2.1 Surging Demand for Dairy-Free Alternatives
5.3 Market Opportunities
5.3.1 Rising Popularity of Certified-Organic Dairy Ingredients
5.4 Future Trends
5.4.1 Growing Clean Label Trends in Dairy
5.5 Impact Analysis of Drivers and Restraints
6. Dairy Ingredients – Global Market Analysis
6.1 Dairy Ingredients Market Overview
6.2 Dairy Ingredients Market –Revenue And Forecast To 2028 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. Dairy Ingredients Market Analysis – By Product Type
7.1 Overview
7.2 Dairy Ingredients Market, By Product Type (2020 and 2028)
7.3 Proteins
7.3.1 Overview
7.3.2 Proteins: Dairy Ingredients Market – Revenue and Forecast to 2028
7.4 Milk Powder
7.4.1 Overview
7.4.2 Milk Powder: Dairy Ingredients Market – Revenue and Forecast to 2028
7.5 Milk Fat Concentrate
7.5.1 Overview
7.5.2 Milk Fat Concentrate: Dairy Ingredients Market – Revenue and Forecast to 2028
7.6 Lactose & Lactose Derivatives
7.6.1 Overview
7.6.2 Lactose & Lactose Derivatives: Dairy Ingredients Market – Revenue and Forecast to 2028
7.7 Others
7.7.1 Overview
7.7.2 Others: Dairy Ingredients Market – Revenue and Forecast to 2028
8. Dairy Ingredients Market Analysis – By Application
8.1 Overview
8.2 Dairy Ingredients Market, By Application (2020 and 2028)
8.3 Food & Beverages
8.3.1 Overview
8.3.2 Food & Beverages: Dairy Ingredients Market – Revenue and Forecast to 2028
8.4 Animal Feed
8.4.1 Overview
8.4.2 Animal Feed: Dairy Ingredients Market – Revenue and Forecast to 202
8.5 Pharmaceuticals & Nutraceuticals
8.5.1 Overview
8.5.2 Pharmaceuticals & Nutraceuticals: Dairy Ingredients Market – Revenue and Forecast to 2028
8.6 Personal Care
8.6.1 Overview
8.6.2 Personal Care: Dairy Ingredients Market – Revenue and Forecast to 2028
9. Dairy Ingredients Market – Geographic Analysis
9.1 North America: Dairy Ingredients Market
9.1.1 North America: Dairy Ingredients Market –Revenue and Forecast to 2028
9.1.2 North America: Dairy Ingredients Market, by Product Type
9.1.3 North America: Dairy Ingredients Market, by Application
9.1.4 North America: Dairy Ingredients Market, by Key Country
9.1.4.1 US: Dairy Ingredients Market –Revenue and Forecast to 2028
9.1.4.1.1 US: Dairy Ingredients Market, by Product Type
9.1.4.1.2 US: Dairy Ingredients Market, by Application
9.1.4.2 Canada: Dairy Ingredients Market –Revenue and Forecast to 2028
9.1.4.2.1 Canada: Dairy Ingredients Market, by Product Type
9.1.4.2.2 Canada: Dairy Ingredients Market, by Application
9.1.4.3 Mexico: Dairy Ingredients Market –Revenue and Forecast to 2028
9.1.4.3.1 Mexico: Dairy Ingredients Market, by Product Type
9.1.4.3.2 Mexico: Dairy Ingredients Market, by Application
9.2 Europe: Dairy Ingredients Market
9.2.1 Europe: Dairy Ingredients Market –Revenue and Forecast to 2028
9.2.2 Europe: Dairy Ingredients Market, by Product Type
9.2.3 Europe: Dairy Ingredients Market, by Application
9.2.4 Europe: Dairy Ingredients Market, by Key Country
9.2.4.1 Germany: Dairy Ingredients Market –Revenue and Forecast to 2028
9.2.4.1.1 Germany: Dairy Ingredients Market, by Product Type
9.2.4.1.2 Germany: Dairy Ingredients Market, by Application
9.2.4.2 France: Dairy Ingredients Market –Revenue and Forecast to 2028
9.2.4.2.1 France: Dairy Ingredients Market, by Product Type
9.2.4.2.2 France: Dairy Ingredients Market, by Application
9.2.4.3 UK: Dairy Ingredients Market –Revenue and Forecast to 2028
9.2.4.3.1 UK: Dairy Ingredients Market, by Product Type
9.2.4.3.2 UK: Dairy Ingredients Market, by Application
9.2.4.4 Russia: Dairy Ingredients Market –Revenue and Forecast to 2028
9.2.4.4.1 Russia: Dairy Ingredients Market, by Product Type
9.2.4.4.2 Russia: Dairy Ingredients Market, by Application
9.2.4.5 Italy: Dairy Ingredients Market –Revenue and Forecast to 2028
9.2.4.5.1 Italy: Dairy Ingredients Market, by Product Type
9.2.4.5.2 Italy: Dairy Ingredients Market, by Application
9.2.4.6 Rest of Europe: Dairy Ingredients Market –Revenue and Forecast to 2028
9.2.4.6.1 Rest of Europe: Dairy Ingredients Market, by Product Type
9.2.4.6.2 Rest of Europe: Dairy Ingredients Market, by Application
9.3 Asia-Pacific: Dairy Ingredients Market
9.3.1 Asia-Pacific: Dairy Ingredients Market –Revenue and Forecast to 2028
9.3.2 Asia-Pacific: Dairy Ingredients Market, by Product Type
9.3.3 Asia-Pacific: Dairy Ingredients Market, by Application
9.3.4 Asia-Pacific: Dairy Ingredients Market, by Key Country
9.3.4.1 China: Dairy Ingredients Market –Revenue and Forecast to 2028
9.3.4.1.1 China: Dairy Ingredients Market, by Product Type
9.3.4.1.2 China: Dairy Ingredients Market, by Application
9.3.4.2 Australia: Dairy Ingredients Market –Revenue and Forecast to 2028
9.3.4.2.1 Australia: Dairy Ingredients Market, by Product Type
9.3.4.2.2 Australia: Dairy Ingredients Market, by Application
9.3.4.3 Japan: Dairy Ingredients Market –Revenue and Forecast to 2028
9.3.4.3.1 Japan: Dairy Ingredients Market, by Product Type
9.3.4.3.2 Japan: Dairy Ingredients Market, by Application
9.3.4.4 India: Dairy Ingredients Market –Revenue and Forecast to 2028
9.3.4.4.1 India: Dairy Ingredients Market, by Product Type
9.3.4.4.2 India: Dairy Ingredients Market, by Application
9.3.4.5 South Korea: Dairy Ingredients Market –Revenue and Forecast to 2028
9.3.4.5.1 South Korea: Dairy Ingredients Market, by Product Type
9.3.4.5.2 South Korea: Dairy Ingredients Market, by Application
9.3.4.6 Rest of Asia-Pacific: Dairy Ingredients Market –Revenue and Forecast to 2028
9.3.4.6.1 Rest of Asia-Pacific: Dairy Ingredients Market, by Product Type
9.3.4.6.2 Rest of Asia-Pacific: Dairy Ingredients Market, by Application
9.4 Middle East & Africa (MEA): Dairy Ingredients Market
9.4.1 Middle East & Africa: Dairy Ingredients Market –Revenue and Forecast to 2028
9.4.2 Middle East & Africa: Dairy Ingredients Market, by Product Type
9.4.3 Middle East & Africa: Dairy Ingredients Market, by Application
9.4.4 Middle East & Africa: Dairy Ingredients Market, by Key Country
9.4.4.1 South Africa: Dairy Ingredients Market –Revenue and Forecast to 2028
9.4.4.1.1 South Africa: Dairy Ingredients Market, by Product Type
9.4.4.1.2 South Africa: Dairy Ingredients Market, by Application
9.4.4.2 Saudi Arabia: Dairy Ingredients Market –Revenue and Forecast to 2028
9.4.4.2.1 Saudi Arabia: Dairy Ingredients Market, by Product Type
9.4.4.2.2 Saudi Arabia: Dairy Ingredients Market, by Application
9.4.4.3 UAE: Dairy Ingredients Market –Revenue and Forecast to 2028
9.4.4.3.1 UAE: Dairy Ingredients Market, by Product Type
9.4.4.3.2 UAE: Dairy Ingredients Market, by Application
9.4.4.4 Rest of MEA: Dairy Ingredients Market –Revenue and Forecast to 2028
9.4.4.4.1 Rest of MEA: Dairy Ingredients Market, by Product Type
9.4.4.4.2 Rest of MEA: Dairy Ingredients Market, by Application
9.5 South & Central America (SAM): Dairy Ingredients Market
9.5.1 South & Central America: Dairy Ingredients Market –Revenue and Forecast to 2028
9.5.2 South & Central America: Dairy Ingredients Market, by Product Type
9.5.3 South & Central America: Dairy Ingredients Market, by Application
9.5.4 South & Central America: Dairy Ingredients Market, by Key Country
9.5.4.1 Brazil: Dairy Ingredients Market –Revenue and Forecast to 2028
9.5.4.1.1 Brazil: Dairy Ingredients Market, by Product Type
9.5.4.1.2 Brazil: Dairy Ingredients Market, by Application
9.5.4.2 Argentina: Dairy Ingredients Market –Revenue and Forecast to 2028
9.5.4.2.1 Argentina: Dairy Ingredients Market, by Product Type
9.5.4.2.2 Argentina: Dairy Ingredients Market, by Application
9.5.4.3 Rest of South & Central America: Dairy Ingredients Market –Revenue and Forecast to 2028
9.5.4.3.1 Rest of South & Central America: Dairy Ingredients Market, by Product Type
9.5.4.3.2 Rest of South & Central America: Dairy Ingredients Market, by Application
10. Overview- Impact of Coronavirus Outbreak
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.6 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
12. Key Company Profiles
12.1 Agropur
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Arla Foods Ingredients Group P/S
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Lactalis Ingredients
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.4 Frieslandcampina
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Saputo Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.6 Fonterra Co-operative Group Limited
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.7 Kerry
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Amco Proteins
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.9 Prolactal
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.10 Glanbia Ireland
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Dairy Ingredients Market –Revenue And Forecast To 2028 (US$ Million)
Table 2. North America Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 3. North America Dairy Ingredients Market, by Application– Revenue and Forecast to 2028
Table 4. US Dairy Ingredients Market, by Product Type – Revenue and Forecast to 2028
Table 5. US Dairy Ingredients Market, by Application– Revenue and Forecast to 2028
Table 6. Canada Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 7. Canada Dairy Ingredients Market, by Application – Revenue and Forecast to 2028
Table 8. Mexico Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 9. Mexico Dairy Ingredients Market, by Product Type – Revenue and Forecast to 2028
Table 10. Europe Dairy Ingredients Market, by Product Type – Revenue and Forecast to 2028
Table 11. Europe Dairy Ingredients Market, by Application– Revenue and Forecast to 2028
Table 12. Germany Dairy Ingredients Market, by Product Type – Revenue and Forecast to 2028
Table 13. Germany Dairy Ingredients Market, by Application – Revenue and Forecast to 2028
Table 14. France Dairy Ingredients Market, by Product Type – Revenue and Forecast to 2028
Table 15. France Dairy Ingredients Market, by Application – Revenue and Forecast to 2028
Table 16. UK Dairy Ingredients Market, by Product Type – Revenue and Forecast to 2028
Table 17. UK Dairy Ingredients Market, by Application– Revenue and Forecast to 2028
Table 18. Russia Dairy Ingredients Market, by Product Type – Revenue and Forecast to 2028
Table 19. Russia Dairy Ingredients Market, by Application– Revenue and Forecast to 2028
Table 20. Italy Dairy Ingredients Market, by Product Type – Revenue and Forecast to 2028
Table 21. Italy Dairy Ingredients Market, by Application – Revenue and Forecast to 2028
Table 22. Rest of Europe Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 23. Rest of Europe Dairy Ingredients Market, by Application– Revenue and Forecast to 2028
Table 24. Asia-Pacific Dairy Ingredients Market, by Product Type – Revenue and Forecast to 2028
Table 25. Asia-Pacific Dairy Ingredients Market, by Application– Revenue and Forecast to 2028
Table 26. China Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 27. China Dairy Ingredients Market, by Application – Revenue and Forecast to 2028
Table 28. Australia Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 29. Australia Dairy Ingredients Market, by Application – Revenue and Forecast to 2028
Table 30. Japan Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 31. Japan Dairy Ingredients Market, by Application – Revenue and Forecast to 2028
Table 32. India Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 33. India Dairy Ingredients Market, by Application – Revenue and Forecast to 2028
Table 34. South Korea Dairy Ingredients Market, by Product Type – Revenue and Forecast to 2028
Table 35. South Korea Dairy Ingredients Market, by Application – Revenue and Forecast to 2028
Table 36. Rest of Asia-Pacific Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 37. Rest of Asia-Pacific Dairy Ingredients Market, by Application – Revenue and Forecast to 2028
Table 38. Middle East & Africa Dairy Ingredients Market, by Product Type – Revenue and Forecast to 2028
Table 39. Middle East & Africa Dairy Ingredients Market, by Application– Revenue and Forecast to 2028
Table 40. South Africa Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 41. South Africa Dairy Ingredients Market, by Application – Revenue and Forecast to 2028
Table 42. Saudi Arabia Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 43. Saudi Arabia Dairy Ingredients Market, by Application – Revenue and Forecast to 2028
Table 44. UAE Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 45. UAE Dairy Ingredients Market, by Application – Revenue and Forecast to 2028
Table 46. Rest of MEA Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 47. Rest of MEA Dairy Ingredients Market, by Application – Revenue and Forecast to 2028
Table 48. South & Central America Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 49. South & Central America Dairy Ingredients Market, by Application– Revenue and Forecast to 2028
Table 50. Brazil Dairy Ingredients Market, by Product Type – Revenue and Forecast to 2028
Table 51. Brazil Dairy Ingredients Market, by Application– Revenue and Forecast to 2028
Table 52. Argentina Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 53. Argentina Dairy Ingredients Market, by Product Type – Revenue and Forecast to 2028
Table 54. Rest of South & Central America Dairy Ingredients Market, by Product Type– Revenue and Forecast to 2028
Table 55. Rest of South & Central America Dairy Ingredients Market, by Application– Revenue and Forecast to 2028
Table 56. List of Abbreviation
LIST OF FIGURES
Figure 1. Global Dairy Ingredients Market Segmentation
Figure 2. Dairy Ingredients Market Segmentation – By Geography
Figure 3. Global Dairy Ingredients Market Overview
Figure 4. Protein Segment Held Largest Share Of Global Dairy Ingredients Market
Figure 5. Asia-Pacific Region Held Largest Share Of Global Dairy Ingredients Market
Figure 6. Global Dairy Ingredients Market, Industry Landscape
Figure 7. Porter’s Five Forces Analysis: Dairy Ingredients Market
Figure 8. Value Chain Analysis: Dairy Ingredients Market
Figure 9. Expert Opinion
Figure 10. Dairy Ingredients Market Impact Analysis of Driver and Restraints
Figure 11. Geographic Overview Of Dairy Ingredients Market
Figure 12. Global: Dairy Ingredients Market – Revenue And Forecast To 2028 (US$ Million)
Figure 13. Dairy Ingredients Market Revenue Share, By Product Type (2020 and 2028)
Figure 14. Proteins: Dairy Ingredients Market – Revenue And Forecast To 2028
Figure 15. Milk Powder: Dairy Ingredients Market – Revenue And Forecast To 2028
Figure 16. Milk Fat Concentrates: Dairy Ingredients Market – Revenue And Forecast To 2028
Figure 17. Lactose & Lactose Derivatives: Dairy Ingredients Market – Revenue And Forecast To 2028
Figure 18. Others: Dairy Ingredients Market – Revenue And Forecast To 2028
Figure 19. Dairy Ingredients Market Revenue Share, By Application (2020 and 2028)
Figure 20. Food & Beverage: Dairy Ingredients Market – Revenue And Forecast To 2028
Figure 21. Animal Feed: Dairy Ingredients Market – Revenue And Forecast To 2028
Figure 22. Pharmaceuticals & Nutraceuticals: Dairy Ingredients Market – Revenue And Forecast To 2028
Figure 23. Others: Dairy Ingredients Market – Revenue And Forecast To 2028
Figure 24. Global Dairy Ingredients Market Revenue Share, by Region (2020 and 2028)
Figure 25. North America: Dairy Ingredients Market – Revenue and Forecast to 2028
Figure 26. North America: Dairy Ingredients Market Revenue Share, by Product Type (2020 and 2028)
Figure 27. North America: Dairy Ingredients Market Revenue Share, by Application (2020 and 2028)
Figure 28. North America: Dairy Ingredients Market Revenue Share, by Key Country (2020 and 2028)
Figure 29. US: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 30. Canada: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 31. Mexico: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 32. Europe: Dairy Ingredients Market – Revenue and Forecast to 2028
Figure 33. Europe: Dairy Ingredients Market Revenue Share, by Product Type (2020 and 2028)
Figure 34. Europe: Dairy Ingredients Market Revenue Share, by Application (2020 and 2028)
Figure 35. Europe: Dairy Ingredients Market Revenue Share, by Key Country (2020 and 2028)
Figure 36. Germany: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 37. France: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 38. UK: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 39. Russia: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 40. Italy: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 41. Rest of Europe: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 42. Asia-Pacific: Dairy Ingredients Market – Revenue and Forecast to 2028
Figure 43. Asia-Pacific: Dairy Ingredients Market Revenue Share, by Product Type (2020 and 2028)
Figure 44. Asia-Pacific: Dairy Ingredients Market Revenue Share, by Application (2020 and 2028)
Figure 45. Asia-Pacific: Dairy Ingredients Market Revenue Share, by Key Country (2020 and 2028)
Figure 46. China: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 47. Australia: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 48. Japan: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 49. India: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 50. South Korea: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 51. Rest of Asia-Pacific: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 52. Middle East & Africa: Dairy Ingredients Market – Revenue and Forecast to 2028
Figure 53. Middle East & Africa: Dairy Ingredients Market Revenue Share, by Product Type (2020 and 2028)
Figure 54. Middle East & Africa: Dairy Ingredients Market Revenue Share, by Application (2020 and 2028)
Figure 55. Middle East & Africa: Dairy Ingredients Market Revenue Share, by Key Country (2020 and 2028)
Figure 56. South Africa: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 57. Saudi Arabia: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 58. UAE: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 59. Rest of MEA: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 60. South & Central America: Dairy Ingredients Market – Revenue and Forecast to 2028
Figure 61. South & Central America: Dairy Ingredients Market Revenue Share, by Product Type (2020 and 2028)
Figure 62. South & Central America: Dairy Ingredients Market Revenue Share, by Application (2020 and 2028)
Figure 63. South & Central America: Dairy Ingredients Market Revenue Share, by Key Country (2020 and 2028)
Figure 64. Brazil: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 65. Argentina: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 66. Rest of South & Central America: Dairy Ingredients Market –Revenue and Forecast to 2028
Figure 67. Impact of COVID-19 Pandemic in North American Country Markets
Figure 68. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 69. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 70. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 71. Impact of COVID-19 Pandemic in South & Central America Country Markets
The List of Companies - Dairy Ingredients Market
- FrieslandCampina Ingredient.
- Fonterra Co-operative Group Limited
- Arla Foods Ingredients Group P/S
- Lactalis Ingredients
- AGROPUR
- Saputo Inc.
- Kerry Group
- AMCO Proteins
- PROLACTAL
- Glanbia Ireland
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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