The dairy ingredients market is segmented by type into milk powder, whey protein, milk protein, third-generation ingredient, casein, butter milk powder, milk permeate, whey permeate and lactose. The milk powder market was the largest segment of the dairy ingredients market segmented by type, accounting for 44.90% or $ 33.6 billion of the total in 2024. Going forward, the whey protein segment is expected to be the fastest growing segment in the dairy ingredients market segmented by type, at a CAGR of 9.51% during 2024-2029.
The dairy ingredients market is segmented by source into milk and whey. The milk market was the largest segment of the dairy ingredients market segmented by source, accounting for 80.16% or $60.0 billion of the total in 2024. Going forward, the whey segment is expected to be the fastest growing segment in the dairy ingredients market segmented by source, at a CAGR of 9.51% during 2024-2029.
The dairy ingredients market is segmented by form into powder and liquid. The powder market was the largest segment of the dairy ingredients market segmented by form, accounting for 87.32% or $65.36 billion of the total in 2024. Going forward, the liquid segment is expected to be the fastest growing segment in the dairy ingredients market segmented by form, at a CAGR of 9.25% during 2024-2029.
The dairy ingredients market is segmented by production method into traditional method and membrane separation. The traditional method market was the largest segment of the dairy ingredients market segmented by production method, accounting for 62.36% or $46.67 billion of the total in 2024. Going forward, the membrane separation segment is expected to be the fastest growing segment in the dairy ingredients market segmented by production method, at a CAGR of 9.75% during 2024-2029.
The dairy ingredients market is segmented by application into dairy products, convenience food, bakery and confectionery, infant milk formula, sports nutrition, medical nutrition, animal nutrition and other applications. The dairy products market was the largest segment of the dairy ingredients market segmented by application, accounting for 35.50% or $26.56 billion of the total in 2024. Going forward, the convenience food segment is expected to be the fastest growing segment in the dairy ingredients market segmented by application, at a CAGR of 9.53% during 2024-2029.
Asia Pacific was the largest region in the dairy ingredients market, accounting for 32.52% or $24.33 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the dairy ingredients market will be Asia Pacific and Western Europe where growth will be at CAGRs of 9.01% and 8.30% respectively. These will be followed by Eastern Europe and North America where the markets are expected to grow at CAGRs of 8.13% and 8.01% respectively.
The global dairy ingredients market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 32.80% of the total market in 2023. Fonterra Co-operative Group was the largest competitor with a 13.18% share of the market, followed by the Dairy Farmers of America Inc. with 4.62%, Groupe Lactalis SA with 3.65%, Agropur Dairy Cooperative with 2.61%, Royal FrieslandCampina N.V. with 2.46%, Saputo Inc. with 1.84%, Arla Foods Inc. with 1.27%, Sodiaal Group with 1.080%, Kerry Group with 1.078% and Glanbia plc with 1.03%.
This report describes and explains the dairy ingredients market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global dairy ingredients market reached a value of nearly $74.84 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.64% since 2019. The market is expected to grow from $74.84 billion in 2024 to $111.89 billion in 2029 at a rate of 8.37%. The market is then expected to grow at a CAGR of 7.74% from 2029 and reach $162.41 billion in 2034.
Growth in the historic period resulted from the expansion of sports nutrition, rise in health-consciousness, increasing milk production and growth in food and beverage processing industries. Factors that negatively affected growth in the historic period were demand for plant-based alternatives and increasing incidence of lactose intolerance.
Going forward, the expansion of e-commerce platforms, rising popularity of functional foods, increasing demand for bakery and confectionery products and increasing demand for protein-rich diets will drive the growth. Factor that could hinder the growth of the dairy ingredients market in the future include stringent food safety regulations and health concerns over saturated fat and cholesterol.
The top opportunities in the dairy ingredients market segmented by type will arise in the milk powder segment, which will gain $15.3 billion of global annual sales by 2029. The top opportunities in the dairy ingredients market segmented by source will arise in the milk segment, which will gain $28.51 billion of global annual sales by 2029. The top opportunities in the dairy ingredients market segmented by form will arise in the powder segment, which will gain $31.77 billion of global annual sales by 2029. The top opportunities in the dairy ingredients market segmented by production method will arise in the traditional method segment, which will gain $20.35 billion of global annual sales by 2029. The top opportunities in the dairy ingredients market segmented by application will arise in the dairy products segment, which will gain $15.3 billion of global annual sales by 2029. The dairy ingredients market size will gain the most in the USA at $8.37 billion.
Market-trend-based strategies for the dairy ingredients market include focus on developing innovative products, such as lactose-free alternatives, to cater to the growing demand for health-conscious, allergy-friendly, and sustainable food choices, focus on strategic partnerships to leverage technological advancements, expand market reach, and enhance product innovation, ultimately meeting the increasing consumer demand for high-quality and sustainable dairy alternatives and focus on strategic partnerships to leverage technological advancements, expand market reach, and enhance product innovation, ultimately meeting the increasing consumer demand for high-quality and sustainable dairy alternatives.
Player-adopted strategies in the dairy ingredients market include focus on strategic partnerships, focus on business operations through new launches, focus on expanding its milk powder range through the strategic partnerships and improving its portfolio through product launches.
To take advantage of the opportunities, the analyst recommends the dairy ingredients market companies to focus on developing innovative solutions to reduce food waste, focus on expanding production capacity through new facilities, focus on whey protein for growth, focus on whey for maximum market potential, focus on liquid dairy ingredients for stronger growth, focus on membrane separation for growth, expand in emerging markets, focus on strategic partnerships for technological advancements and market expansion, focus on competitive and value-based pricing strategies for dairy ingredient companies, focus on targeted digital marketing for dairy ingredient companies, focus on trade and industry partnerships for dairy ingredient companies and focus on convenience food for growth.
This product will be delivered within 3-5 business days.
The dairy ingredients market is segmented by source into milk and whey. The milk market was the largest segment of the dairy ingredients market segmented by source, accounting for 80.16% or $60.0 billion of the total in 2024. Going forward, the whey segment is expected to be the fastest growing segment in the dairy ingredients market segmented by source, at a CAGR of 9.51% during 2024-2029.
The dairy ingredients market is segmented by form into powder and liquid. The powder market was the largest segment of the dairy ingredients market segmented by form, accounting for 87.32% or $65.36 billion of the total in 2024. Going forward, the liquid segment is expected to be the fastest growing segment in the dairy ingredients market segmented by form, at a CAGR of 9.25% during 2024-2029.
The dairy ingredients market is segmented by production method into traditional method and membrane separation. The traditional method market was the largest segment of the dairy ingredients market segmented by production method, accounting for 62.36% or $46.67 billion of the total in 2024. Going forward, the membrane separation segment is expected to be the fastest growing segment in the dairy ingredients market segmented by production method, at a CAGR of 9.75% during 2024-2029.
The dairy ingredients market is segmented by application into dairy products, convenience food, bakery and confectionery, infant milk formula, sports nutrition, medical nutrition, animal nutrition and other applications. The dairy products market was the largest segment of the dairy ingredients market segmented by application, accounting for 35.50% or $26.56 billion of the total in 2024. Going forward, the convenience food segment is expected to be the fastest growing segment in the dairy ingredients market segmented by application, at a CAGR of 9.53% during 2024-2029.
Asia Pacific was the largest region in the dairy ingredients market, accounting for 32.52% or $24.33 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the dairy ingredients market will be Asia Pacific and Western Europe where growth will be at CAGRs of 9.01% and 8.30% respectively. These will be followed by Eastern Europe and North America where the markets are expected to grow at CAGRs of 8.13% and 8.01% respectively.
The global dairy ingredients market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 32.80% of the total market in 2023. Fonterra Co-operative Group was the largest competitor with a 13.18% share of the market, followed by the Dairy Farmers of America Inc. with 4.62%, Groupe Lactalis SA with 3.65%, Agropur Dairy Cooperative with 2.61%, Royal FrieslandCampina N.V. with 2.46%, Saputo Inc. with 1.84%, Arla Foods Inc. with 1.27%, Sodiaal Group with 1.080%, Kerry Group with 1.078% and Glanbia plc with 1.03%.
This report describes and explains the dairy ingredients market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global dairy ingredients market reached a value of nearly $74.84 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.64% since 2019. The market is expected to grow from $74.84 billion in 2024 to $111.89 billion in 2029 at a rate of 8.37%. The market is then expected to grow at a CAGR of 7.74% from 2029 and reach $162.41 billion in 2034.
Growth in the historic period resulted from the expansion of sports nutrition, rise in health-consciousness, increasing milk production and growth in food and beverage processing industries. Factors that negatively affected growth in the historic period were demand for plant-based alternatives and increasing incidence of lactose intolerance.
Going forward, the expansion of e-commerce platforms, rising popularity of functional foods, increasing demand for bakery and confectionery products and increasing demand for protein-rich diets will drive the growth. Factor that could hinder the growth of the dairy ingredients market in the future include stringent food safety regulations and health concerns over saturated fat and cholesterol.
The top opportunities in the dairy ingredients market segmented by type will arise in the milk powder segment, which will gain $15.3 billion of global annual sales by 2029. The top opportunities in the dairy ingredients market segmented by source will arise in the milk segment, which will gain $28.51 billion of global annual sales by 2029. The top opportunities in the dairy ingredients market segmented by form will arise in the powder segment, which will gain $31.77 billion of global annual sales by 2029. The top opportunities in the dairy ingredients market segmented by production method will arise in the traditional method segment, which will gain $20.35 billion of global annual sales by 2029. The top opportunities in the dairy ingredients market segmented by application will arise in the dairy products segment, which will gain $15.3 billion of global annual sales by 2029. The dairy ingredients market size will gain the most in the USA at $8.37 billion.
Market-trend-based strategies for the dairy ingredients market include focus on developing innovative products, such as lactose-free alternatives, to cater to the growing demand for health-conscious, allergy-friendly, and sustainable food choices, focus on strategic partnerships to leverage technological advancements, expand market reach, and enhance product innovation, ultimately meeting the increasing consumer demand for high-quality and sustainable dairy alternatives and focus on strategic partnerships to leverage technological advancements, expand market reach, and enhance product innovation, ultimately meeting the increasing consumer demand for high-quality and sustainable dairy alternatives.
Player-adopted strategies in the dairy ingredients market include focus on strategic partnerships, focus on business operations through new launches, focus on expanding its milk powder range through the strategic partnerships and improving its portfolio through product launches.
To take advantage of the opportunities, the analyst recommends the dairy ingredients market companies to focus on developing innovative solutions to reduce food waste, focus on expanding production capacity through new facilities, focus on whey protein for growth, focus on whey for maximum market potential, focus on liquid dairy ingredients for stronger growth, focus on membrane separation for growth, expand in emerging markets, focus on strategic partnerships for technological advancements and market expansion, focus on competitive and value-based pricing strategies for dairy ingredient companies, focus on targeted digital marketing for dairy ingredient companies, focus on trade and industry partnerships for dairy ingredient companies and focus on convenience food for growth.
This product will be delivered within 3-5 business days.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Dairy Ingredients Growth Analysis And Strategic Analysis Framework
9 Dairy Ingredients Market Segmentation
10 Dairy Ingredients Market, Regional and Country Analysis
11 Asia-Pacific Market
12 Western Europe Market
13 Eastern Europe Market
14 North America Market
15 South America Market
16 Middle East Market
17 Africa Market
18 Competitive Landscape And Company Profiles
19 Other Major And Innovative Companies
22 Key Mergers And Acquisitions
23 Recent Developments In The Dairy Ingredients Market
24 Opportunities And Strategies
25 Dairy Ingredients Market, Conclusions And Recommendations
26 Appendix
Executive Summary
Dairy Ingredients Market Opportunities And Strategies To 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global dairy ingredients market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for dairy ingredients? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The dairy ingredients market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider dairy ingredients market; and compares it with other markets.
The report covers the following chapters
- Introduction And Market Characteristics:- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by source, by form, by production method and by application.
- Key Trends:- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework Analysis:- on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth:- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis:- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation:- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by source, by form, by production method and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size And Growth: - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape:- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies: - Details on the company profiles of other major and innovative companies in the market
- Competitive Benchmarking:- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions:- Information on recent mergers and acquisitions in the market covered in the report.This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies:- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations:- This section includes recommendations for dairy ingredients market providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
- Appendix:- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Type: Milk Powder; Whey Protein; Milk Protein; Third-Generation Ingredient; Casein; Butter Milk Powder; Milk Permeate; Whey Permeate; Lactose2) By Source: Milk; Whey
3) By Form: Powder; Liquid
4) By Production Method: Traditional Method; Membrane Seperation
5) By Application: Dairy Products; Convenience Food; Bakery And Confectionery; Infant Milk Formula; Sports Nutrition; Medical Nutrition; Animal Nutrition; Other Applications
Key Companies Profiled: Fonterra Co-operative Group; Dairy Farmers of America Inc; Groupe Lactalis SA; Agropur Dairy Cooperative; Royal FrieslandCampina N.V
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions:Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; dairy ingredients indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Fonterra Co-operative Group
- Dairy Farmers of America Inc
- Groupe Lactalis SA
- Agropur Dairy Cooperative
- Royal FrieslandCampina N.V
- Saputo Inc
- Arla Foods Inc
- Sodiaal Group
- Kerry Group
- Glanbia plc
- Namyang Dairy Products Co., Ltd.
- Hahn & Company
- Fonterra Co-operative Group Limited
- Nestlé S.A.
- Gujarat Cooperative Milk Marketing Federation Ltd. (Amul)
- Olam Group Limited
- Inner Mongolia Yili Industrial Group Co., Ltd.
- China Mengniu Dairy Company Limited
- Nourish Ingredients Pty Ltd
- Westland Milk Products Limited
- Nutrinnovate Australia Pty Ltd
- Lacto Japan Co., Ltd.
- Tatura Milk Industries Pty Ltd
- Morinaga Milk Industry Co., Ltd.
- Megmilk Snow Brand Co., Ltd.
- Meiji Holdings Co., Ltd.
- Seoul Dairy Cooperative
- Maeil Dairies Co., Ltd.
- Aavin (Tamil Nadu Co-operative Milk Producers' Federation Limited)
- Burra Foods Pty Ltd
- All G Foods Pty Ltd
- Pure Dairy Pty Ltd
- Arla Foods Amba
- Asahi Group Holdings, Ltd.
- The a2 Milk Company Limited
- Olam Food Ingredients (OFI)
- ProviCo Pty Ltd
- Pacific Dairy Ingredients Limited
- Kwality Limited
- Kerala Co-operative Milk Marketing Federation Ltd. (MILMA)
- Mehsana District Cooperative Milk Producers' Union Ltd. (Dudhsagar Dairy)
- CJ CheilJedang Corporation
- Sungpoong Co., Ltd.
- SeoKang Dairy & Food Co., Ltd.
- Groupe Lactalis S.A.
- Epi Ingredients (Division of Laïta)
- Arla Food Ingredients Group P/S
- Glanbia Public Limited Company
- Sodiaal Union Group
- Kerry Group plc
- Ornua Co-operative Limited
- Prolactal GmbH
- Valio Ltd.
- Hoogwegt Group B.V.
- Ingredia S.A.
- Euroserum S.A.
- Laïta Nutrition (Division of Laïta)
- Lactalis Group (Groupe Lactalis S.A.)
- Volac International Ltd.
- Danone S.A.
- Savencia Fromage & Dairy S.A.
- DMK Deutsches Milchkontor GmbH
- Froneri International Ltd.
- Bates Dairy Limited
- Müller UK & Ireland Group LLP
- Dale Farm Limited
- Yeo Valley Farms (Production) Ltd.
- Glanbia Cheese Ltd.
- Gabrovo Milk Ltd.
- JOSSI Ltd.
- Kondov Ecoproduction Ltd.
- Molvest Company
- OstroVit Sp. z o.o.
- FrieslandCampina Professional
- Pavlov Company LLC
- Yili Group
- Grupo Lala
- Maison Riviera
- Dairy Farmers of America
- Leprino Foods
- Land O'Lakes
- Chobani
- Glanbia
- Agropur Cooperative
- FrieslandCampina
- Arla Foods
- Gloria Group
- Sawani
- Almarai
- Al Ain Dairy
- Saudi Dairy and Foodstuff Company (SADAFCO)
- Beyti
- Clover Industries
- Promasidor Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 369 |
| Published | September 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 74.84 Billion |
| Forecasted Market Value ( USD | $ 162.41 Billion |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 94 |
