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Milk Ingredients Market

Market Insights on Milk Ingredients covering sales outlook, demand forecast & up-to-date key trends

Milk Ingredients Market by Product, Application, Distribution Channel & Milk Ingredient Types - Forecast 2022 – 2032

Milk Ingredients Market Outlook (2022-2032)

The global market for Milk Ingredients is expected to grow at a CAGR of 4.4% over the anticipated time period, according to data from Future Market Insights. The market's value is predicted to increase from USD 69.9 Bn in 2022 to USD 97.6 Bn in 2032.

Market size value in 2022

USD 69.9 Bn

Market forecast value in 2032

USD 97.6 Bn

Forecast period

2022-2032

Global growth rate (CAGR)

3.4%

Growth rate of India in milk ingredients market

4.4%

Ingredients from milk are among those high in vital nutrients. Casein, lactose, milk protein isolates, and milk protein concentrates are only a few of the many types of components found in milk. While the shelf life of milk is quite short, those of its constituents is relatively long.

Ingredients from milk are employed in a variety of products, including prepared foods and supplementary foods. Numerous milk components, including casein and caseinates, are high in protein and amino acids and have a number of positive health effects when consumed.

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History outlook VS future forecast for milk ingredients market

Milk ingredients market was valued at USD 54.2 Bn in 2017 and from there the milk ingredients market has seen a rapid rise in the market, at a CAGR of 5.2% from 2017- 2021.milk ingredients market was valued at USD 66.4 Bn.

According to FMI the milk ingredients market is going to grow in upcoming years during the forecasted period from 2022-2032. During this period global milk ingredient market will rise depending on some factors.

The growing desire of consumers to consume different food products that contain milk ingredients, including functional food, beverage, dairy, meat products, and infant milk formulae, is another factor that is anticipated to drive the expansion of the market for milk ingredients. A major factor driving the global market for milk components is the rising disposable income of consumers as well as their growing willingness to pay a premium for food items with varied health benefits.

Lack of consumer awareness regarding the numerous fortified products that contain different types of milk ingredients is a major factor that is anticipated to hinder the growth of the market for milk ingredients.

Country wise insights

How India became one of the largest producers of milk ingredients?

India has become the world’s largest producer of milk, with 22% of global output. A key driver of this growth has been the country’s large and relatively young population, which is increasingly urban and affluent.
Today, India is home to some of the world’s biggest dairy companies, including Amul, Mother Dairy, and Hatsun Agro. These firms have benefited from a growing domestic market for milk and milk products, as well as from rising exports.

In recent years, India has also become an important source of milk ingredients for the global food industry. Companies such as Nestle and Danone have set up sourcing operations in the country to tap into its vast pool of cheap labour and raw materials.

India has seen a rapid growth in this sector since last 30 years and India is forecasted to rise during this period from 2022-2032 at a CAGR of 4.4%.

How USA became one of the biggest Market for milk ingredients?

The United States has always been a big market for milk ingredients. In the early days of the country, dairy products were an important part of the diet. Today, milk ingredients are used in a variety of products, from cheese and yogurt to ice cream and chocolate. USA is one of the biggest market for milk ingredients which is now worth 32.6% of global milk ingredients market.

There are several reasons why the United States is such a big market for milk ingredients. First, the country has a large population. Second, American consumers have a high demand for dairy products. Third, the United States is one of the world’s leading producers of milk ingredients.

The United States is a major market for milk ingredients because of its large population. There are more than 300 million people living in the United States, and many of them consume dairy products on a daily basis. Cheese and yogurt are two of the most popular dairy products in the country, and they both contain milk ingredients.

Nandini Roy Choudhury
Principal Consultant
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Category wise insights

what is the impact of sport products on the milk ingredients market?

Sport products have had a significant impact on the milk ingredients market. The demand for whey protein and other milk-based ingredients has increased significantly in recent years, as sports enthusiasts and bodybuilders seek to improve their performance and recovery. This has led to higher prices for these products, as well as increased competition among suppliers.
While the impact of sport products on the milk ingredients market has been positive overall, there are some concerns about the sustainability of this growth. The dairy industry is already under pressure from environmental groups due to its high greenhouse gas emissions, and there is potential for further conflict if the demand for milk-based ingredients continues to increase.

how infant formula products are useful for milk ingredients market?

The global dairy industry has been increasingly driven by the demand for infant formula products. This is because infant formula is seen as a key ingredient in the milk ingredients market.

There are several reasons why infant formula products are seen as useful for the milk ingredients market. First, infant formula can be used as a replacement for fresh milk in many recipes. This is important because fresh milk is often unavailable or too expensive for many consumers. Second, infant formula products can be used to fortify other dairy products. For example, many brands of cheese and yogurt contain added vitamins and minerals that are derived from infant formula products. This helps to improve the nutritional value of these Dairy Products and makes them more appealing to consumers.

Finally, infant formulas can help to improve the texture and flavor of many dairy products.

Competitive landscape

To meet the changing demands of customers and to capture the largest possible market, companies that operate in the milk ingredients industry are constantly introducing new types of ingredients. Additionally, businesses are concentrating on expanding their distribution networks in order to reach new markets.

These are some of the major companies in milk ingredients market

  • Adams food LTD.
  • Danone food SA
  • Fonterra cooperative group
  • Glanbia plc (Ireland)
  • Dairy farms of America
  • Arla food ingredients group
  • Cayuga milk ingredients
  • Friesland campina

The price points of milk ingredients manufacturers positioned across geographies, sales growth, production capacity, and speculative production expansion were all thoroughly covered by FMI in a recently released Research.

The complete report contains recent changes that the FMI team has been monitoring affecting companies that provide milk ingredients.

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Report of Scope

Forecast period

2022-2032

Historical data available for

2017 to 2022

Market analysis

USD million in value

Key regions covered

  • North America
  • Europe
  • South America
  • Asian pacific
  • Northern Europe

Key countries covered

  • USA
  • Germany
  • France
  • Italy
  • Canada
  • U.K.
  • Spain
  • China
  • India

Key segments covered

  • Product
  • Application
  • Distribution channel
  • Milk ingredients types

Key companies profiled

  • Adams food LTD.
  • Danone food SA
  • Fonterra cooperative group
  • Glanbia plc
  • Dairy farms of America
  • Arla food ingredients group
  • Cayuga milk ingredients
  • Friesland campina

Report coverage

  • Market Forecast,
  • Company Share Analysis
  • Competitive Landscape,
  • DROT Analysis
  • Market Dynamics
  • Challenges
  • Strategic Growth Initiatives

Customization and Pricing

Available upon request

Milk ingredients market by category

By Product Type:

  • milk powder
  • casein and caseinates
  • milk protein concentrates
  • Isolates

By Application Type:

  • dairy products
  • sports products
  • beverages
  • infant formula
  • ice-cream
  • food supplements

By Region Wise:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific
  • Middle East and Africa

Frequently Asked Questions

Milk ingredients market is valued at USD 69.9 Bn in 2022.

Future value for the ilk ingredients market in 2032 is forecasted to be USD 97.6 Bn.

Milk ingredients market is forecasted to grow at a CAGR of 3.4% from 2022-2032.

US, China, Canada, Germany, India are the major countries driving demand for milk ingredients Market.

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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Milk Ingredients Market