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Dairy Ingredients Market Share

Report ID: GMI7579
Published Date: Dec 2023
Report Format: PDF

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Dairy Ingredients Market Share

Major companies operating in the dairy ingredients industry include:

Lactalis Group
FrieslandCampina
Arla Foods
Kerry Group PLC
Saputo Inc.
Dairy Farmers of America
Glanbia PLC
Volac International Ltd.
EPI Ingredients
Fonterra Co-operative Group
Sodiaal co-operative group
Ingredia SA
Amco Proteins
Kanegrade
Batory Foods

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Lactalis is a French multinational dairy products corporation headquartered in Laval, Mayenne, France. It is the world's largest dairy products company, with a turnover of €27.2 billion in 2023. The company produces a wide range of dairy products, including milk, cheese, butter, yogurt, and cream. Lactalis has a strong presence in Europe, but also operates in North America, South America, Asia, and Africa. The company's products are sold under a variety of brands, including Lactel, Président, Bridel, Parmalat, and Galbani.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of dairy ingredients reached USD 56.58 billion in 2022 and is set to cross USD 103.48 billion by 2032, backed by the growing awareness of the nutritional benefits associated with the product, leading to an upsurge in their incorporation into various food and beverage products.

Milk powders segment accounted for USD 21.23 billion in 2022 and will continue to gain traction, valued for their versatility and extended shelf life, enabling their use in the production of confectionery, baked goods, and dairy-based beverages.

North American market was valued at USD 18.38 billion in 2022, led by the high consumption of dairy products, a well-established food & beverage industry, and a growing awareness of the product

Lactalis Group, FrieslandCampina, Arla Foods, Kerry Group PLC, Saputo Inc., Dairy Farmers of America, Glanbia PLC, Volac International Ltd., and EPI Ingredients.