Dairy Ingredients Industry Statistics

In this post, we explore key statistics and trends in the global dairy ingredients industry. From market size and regional insights to growth projections and key players, these statistics offer valuable insights into the current landscape and future outlook of the dairy ingredients market.

Statistic 1

"The global dairy ingredients market size was valued at USD 53.8 billion in 2019."

Statistic 2

"This market is projected to expand at a CAGR of 7.1% from 2020 to 2027."

Statistic 3

"The whey protein concentrates segment accounted for over 22% share of the total revenue in 2019."

Statistic 4

"The North American region accounted for the largest share of around 30% of the total revenue in 2019."

Statistic 5

"The Asia Pacific region is projected to witness the fastest CAGR of 8.5% from 2020 to 2027."

Statistic 6

"The global market for dairy ingredients in infant formula application was valued at $12.01 billion in 2020."

Statistic 7

"Dairy products, the leading application segment, accounted for approximately 50% of the global demand in 2019."

Statistic 8

"The lactose-free market is expected to grow at a rate of around 9% annually in the coming years."

Statistic 9

"Majority of the dairy ingredients are imported by Asian countries."

Statistic 10

"The demand for whey protein concentrates in India is expected to increase by 8.7% from 2018 to 2025."

Statistic 11

"The dairy ingredients market in China had the largest revenue of $16.7 billion in 2019 and is expected to maintain a high annual growth rate."

Statistic 12

"In 2017, Europe held the second largest market share in dairy ingredients after North America."

Statistic 13

"ABF Ingredients, Arla Foods and DMK Deutsches Milchkontor GmbH are the top players in the Dairy Ingredients market."

Statistic 14

"The dairy ingredients market value in Latin America is projected to exceed USD 3 billion by 2024."

The dairy ingredients industry is experiencing significant growth globally, with a market size of USD 53.8 billion in 2019 and a projected CAGR of 7.1% from 2020 to 2027. Whey protein concentrates and lactose-free products are driving this expansion, with North America and Asia Pacific leading in market share and growth rates, respectively. The demand for dairy ingredients in applications like infant formula and dairy products remains strong, particularly in Asian countries where the majority of these ingredients are imported. Top players in the market include ABF Ingredients, Arla Foods, and DMK Deutsches Milchkontor GmbH, with Latin America expected to exceed USD 3 billion in market value by 2024.