QYResearch: The Dairy Ingredients revenue is expected to reach 44874 M USD in 2022

Dairy ingredients are derived from fluid milk in the form of cream, butter, condensed milk, dry milk, cheese, and whey products They provide desirable functionality to foods, such as delivery of key nutrients, water management, fat - holding capacity, emulsification capability, viscosity creation, gel formation, and foam generation. In addition, dairy - based ingredients in liquid, concentrated, or dry form confer desirable attributes of texture and flavor to dairy foods, frozen desserts, puddings, processed meat, cereal products, chocolate confections, infant formulas, and an array of dietetic as well as geriatric drinks and bars.

According to QYResearch, The Dairy Ingredients revenue was 34445 M USD in 2016 and is expected to reach 44874 M USD in 2022, growing at a CAGR of 4.51 % from 2016 to 2022. EU`s consumption accounted for the highest market share (36.50 %) in 2016, followed by North America.

The global Dairy Ingredients industry mainly concentrates in NA and Europe. The global leading players in this market are Fonterra, Lactalis Ingredients, FrieslandCampina, Dairy Farmers of America, Ornua, Saputo, Murray Goulburn, Arla Food Ingredients, Glanbia, Sodiaal, Uelzena, Synlait Milk, Valio Limited, Omira and Hofmeister-Champignon etc.

Currently, a major challenge affecting the market growth is the limitation of downstream market. As large demand of healthy products at home and abroad, many companies began to enter the field.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep slow increasing, as well as the consumption value.

Global 2017-2022 Dairy Ingredients Sales (K MT) and Growth Rate Forecast

Global Consumption Volume (K MT) of Dairy Ingredients by Application 2017-2022

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