Milk Ingredients Market Key Highlights:
- Market Size (2024): USD 74.90 Billion
- Projected Market Size (2034): USD 122 Billion
- CAGR (2024-2034): 5%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Milk Ingredients Market Definition
The milk ingredients market deals with dairy products derived from milk, including milk powders, milk protein concentrate, Casein and caseinates, and isolates are the high-quality protein sources as these products contain almost all the essential amino acids. These amino acids play a crucial role in body repairing and muscle building. Milk ingredients find various application across various sectors such as food, beverages, cosmetics and personal care and pharmaceutical. Consumers are becoming more inclined towards functional food items, particularly dairy products owing to their rising concern regarding their good health and well-being. The rising use of milk ingredients in in the development of various products such as health supplements, sports nutrition, and infant formula, and others are driving the growth of the market.
However, the growth of the market is anticipated to hamper by the increasing popularity of plant-based and non-dairy ingredients. The rising innovations in processing technologies, such as microfiltration and ultrafiltration, are likely to enhance the quality and functionality of milk ingredients, offer promising growth opportunities to the market. These technologies can also assist in improving the extraction of nutrients and extending the shelf-life of products.
According to the Invest India, India is the highest milk producer and ranks first position in the world contributing 25% of global milk production. India's Export of Dairy products was 63,738.47 MT to the world for the worth USD 272.64 Mn during the year 2023-24. The top 5 milk-producing states are: Uttar Pradesh (15.72%), Rajasthan (14.44%) Madhya Pradesh (8.73%), Gujarat (7.49%) and Andhra Pradesh (6.70%). They together contribute 53.08% of total Milk production in the country.
Milk Ingredients Market Segmentation:
By Product Type
- Milk powder
- Casein and caseinates
- Milk protein concentrates
- Isolates
By Application
- Dairy products
- Sports Nutrition
- Beverages
- Infant formula
- Ice-cream
- Food supplement
By Distribution Channel
- B2B sales
- B2C
- Online retail
Milk Ingredients Market Companies:
- Lactalis Ingredients
- Ingredia
- Noumi Nutritional Limited
- Le Lit New Nutrition
- Ascent
- Milk Specialties Global
- Leprino Nutrition
- Arla Food Ingredients
- Friesland campina ingredients
- Danone Food SA
- Fonterra cooperative group
- Dairy farms in America
- Sodiaal co-operative group
- Kerry Group PLC
- Volac International Ltd
- Hoogwegt International BV
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