Dairy Ingredients Market Growth Opportunities, Leading Key Players, Trends, and Forecast to 2026

MarketsandMarkets
The Asia Pacific region is the dominant market for dairy ingredients and is expected to experience the fastest growth among all the regions. The rise in health awareness has pushed the market for functional and fortified foods, which is creating the demand for dairy ingredients.

The report Dairy Ingredients Market is projected to reach USD 89.9 billion by 2026, at a CAGR of 7.2% from 2021. The growing demand for whey protein isolate from emerging economies such as India and China is propelling dairy ingredients market growth. Use of dairy ingredients as a raw material in food and beverages, sports, and pharmaceutical industries to drive its market growth.

 

 

The key players in this market include FrieslandCampina (Netherlands), Arla Foods (Denmark), Fonterra Co-operative Group (New Zealand), Kerry Group (Ireland), and Glanbia (Ireland). New product launches, expansions & investments, joint ventures, agreements, and partnerships were some of the core strengths of the leading players in the dairy ingredients market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=974

Frieslandcampina (Netherlands) provides consumer products such as cheese, milk, desserts, yogurt, and infant nutrition for commercial market. Plus, the company is the leading supplier of dairy ingredients, semi-finished products, butter, and cream for manufacturers in the infant nutrition and food industry. In December 2018, the company acquired US-based Best Cheese Corporation to expand its footprint in the US market. Best Cheese Corporation is an importer and supplier of specialized cheeses in the US. This acquisition supports Frieslandcampina to solidify its position in the dairy ingredients market. Furthermore, in May 2022, in order to expand in southeast Europe, Frieslandcampina opened up a new pressed cheese manufacturing line in its Napolact unit Romania followed by USD 3 million investment.

Arla Foods (Denmark) is one of the major players in the dairy ingredients market. It is one of the oldest dairy co-operatives. The company is engaged in activities that support sustainable dairy production through its five-year strategy named Future26; launched in the year 2021. The company is primarily aimed on introducing new products. In 2019 Arla Foods Ingredients developed two maternal supplementation concepts. The Smart Mama bar and Smart Mama drink prototypes were introduced to support children’s cognitive growth and lactation during pregnancy. These contain the ingredient Lacprodan MFGM-10 – a whey protein concentrate. Apart from this, in May 2022, Arla Foods constructed new manufacturing plant at Pronsfeld dairy, Germany in order to meet global demand for affordable dairy nutrition. As part of this expansion, Arla Foods has invested EUR 190 million. Such strategic moves could help the company to become one of the significant players in the global dairy ingredients market.

Fonterra Co-operative Group (New Zealand) is one of the foremost participants in the dairy ingredients market. The company’s portfolio includes some of the well-known dairy brands such as Anmum, Anlene, NZMP, Anchor, and Farm Source. Out of these brands NZMP is dealing in the dairy ingredients market. To cater larger group of customers, in May 2022, Fonterra launched an online dairy platform named myNZMP. This new platform to make it simpler for ingredients customers who are willing to purchase Fonterra’s wide range of products from milk powder to specialty dairy proteins. Moreover, in January 2021, the company’s NZMP brand launched milk phospholipids specifically for US active lifestyle market. With this new launch, the company has entered into the mental wellbeing space and solidified its position in the global dairy ingredients market.

Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=974

Kerry Group (Ireland) is a world leader in food ingredients and flavors serving the food and beverage industry, it is also a leading supplier of added value brands and customer’s branded foods to the Irish and UK markets. In May 2022, Kerry, has started 6 million euros dairy sustainability program that will promote the acceleration of best practices and science-backed sustainability activities across Irish farms. The newly launched program provides technical and financial support to the company’s milk suppliers that eventually help them transition to more sustainable farming practices. Around 3,000 farm families in southwest Ireland to be benefitted through this program.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/dairy-ingredients-market-974.html

Generated by Feedzy
%d bloggers like this: