Global Dairy Ingredients Market
Agriculture

Understanding the Dairy Ingredients Market’s Growth Prospects from 2024 to 2033

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2024-2033 Forecast: What is the Projected Growth Rate for the Dairy Ingredients Market?

Over the recent years, the market size of dairy ingredients has seen considerable growth. It is projected to rise from $70.28 billion in 2023 to $75.45 billion in 2024 with 7.4% of compound annual growth rate (CAGR). Factors contributing to this growth include substantial economic development in emerging markets, the expansion of the global population, and an increase in health-conscious consumers.

The market size of dairy ingredients is projected to witness a significant surge in the forthcoming years. It’s projected to elevate to $101.82 billion by 2028, marking a compound annual growth rate (CAGR) of 7.8%. The robust growth during this forecast period can be linked to the escalating incidences of diseases, expanding populace, the growth of organized retail, enhancements in cold chains, heightened awareness about diet, and the burgeoning demand for sports nutrition. Key trends to watch out during this period involve concentration on automation, emphasis on dairy protein supplements, utilization of internet of things (iot), alliances with e-commerce enterprises, focus on products with clean labels, emphasis on partnerships and acquisitions, development of innovative whey protein ingredients, the use of 3d printing, and progress in separation technologies.

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What Are the Main Drivers Behind the Growth of the dairy ingredients Market?

The escalating awareness about health among the general public is fueling the expansion of the dairy ingredients market. An upsurge in the number of health-minded individuals has led to an increased consumption of health-oriented products, including dietary supplements, to sustain healthier lifestyles. As an example, the World Health Organization, a Switzerland-based public agency at the forefront of global health issues, reported that professionally managed sanitation services have experienced an increase from 47% to 54% in 2021. Furthermore, it is projected that by the year 2030, safe sanitation will be available to 67% of the population. This escalating health awareness is expected to propel the growth of the dairy ingredients market.

What Are the Primary Segments of the Dairy Ingredients Market?

1) By Type: Milk Powder, Whey Protein, Milk Protein, Third- Generation Ingredient, Casein, Butter Milk Powder, Milk Permeate, Whey Permeate, Lactose

2) By Source: Milk, Whey

3) By Form: Powder, Liquid

4) By Production Method: Traditional Method, Membrane Separation

5) By Application: Dairy Products, Convenience Food, Bakery And Confectionery, Infant Milk Formula, Sports Nutrition, Medical Nutrition, Animal Nutrition, Other Applications

Sub segment: Whey Protein Concentrate (WPC, Whey Protein Isolate (WPI), Hydrolyzed Whey Protein (HWP), WPC 80, WPC34, Other Concentrates, Food, Feed, Pharmaceuticals And Nutraceutical, Infant Formula, Other Uses, Sweet Whey, Acid Whey

Which Trends Are Revolutionizing the Dairy Ingredients Market?

The increasing adoption of automation in the dairy industry is a dominant trend in the dairy ingredients market. This automation represents a completely interconnected system within a dairy plant. The integration of automation in the manufacturing processes of the dairy industry involves robotic systems that enhance production management and boost capacity. For instance, ABB, a Swedish automation company, provides automated solutions for milk reception, pasteurization and oversight and control during the transfer of milk, cream, and buttermilk from reception tanks to packaging machines. These automated systems allow for improved filtration, automatic de-clogging, high and medium-pressure cleanings with multiple repetitions. This also reduces milk wastage and lessens the requirement for cleaning materials.

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Which Geographical Regions Are Pioneering Growth in the Dairy Ingredients Market?

Asia-Pacific was the largest region in the dairy ingredients market in 2023. North America was the second largest market in dairy ingredients market in 2022. The regions covered in the dairy ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Dairy Ingredients Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the dairy ingredients market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Dairy Ingredients Market Include

1. Dairy Ingredients Market Executive Summary

2. Dairy Ingredients Market Segments

3. Dairy Ingredients Market Size And Template Market Growth Rate

4. Key Dairy Ingredients Market Trends

5. Major Dairy Ingredients Market Drivers

……

25. Key Mergers And Acquisitions In The Dairy Ingredients Market

26. Top Dairy Ingredients Companies

27. Dairy Ingredients Market Opportunities And Strategies

28. Dairy Ingredients Market, Conclusions And Recommendations

29. Appendix

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