Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 89.63 Billion | USD 146.76 Billion | 5.2% | 2024 |
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The global dairy ingredient market is expected to grow due to increasing consumption of dairy-based nutritional products, rising demand for functional dairy ingredients, and expansion in infant formula production.
According to a study, the global dairy ingredient market size was worth around USD 89.63 Billion in 2024 and is expected to reach USD 146.76 Billion by 2034.
The global dairy ingredient market is expected to grow at a CAGR of 5.2% during the forecast period.
Europe is expected to dominate the dairy ingredient market over the forecast period.
Leading players in the global dairy ingredient market include Nestle S.A., Fonterra Cooperative Group, Royal FrieslandCampina N.V., Arla Foods, Lactalis Group, Dairy Farmers of America Inc., Agropur Cooperative, Schreiber Foods Inc., Savencia S.A., Glanbia PLC., Gujarat Cooperative Milk Marketing Federation Ltd. (AM, among others.
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