Dairy ingredients have a wide range of applications across several end-user industries, including food & beverages, pharmaceuticals & nutraceuticals, personal care, and animal feed. In the food & beverages industry, they find applications in bakery and confectionery products, frozen desserts, dairy products, beverages, and infant formula. Dairy ingredients such as whey protein isolates, whey protein concentrates, whey powders, and demineralized whey are used in bakery products to improve their texture and crumb strength. They also provide a desirable browning effect, moisture retention, and crumb tenderness to the baked goods. Dairy ingredients replace eggs in various baked goods, including bread, cakes, and muffins. They are a rich source of protein and can also be used for protein fortification of bakery products. Dairy ingredients are also present in beverages such as tea, coffee, and milkshake to enhance their flavor by adding creaminess. Furthermore, lactose, whey protein, and casein are used in baby foods to fulfill their nutritional requirements.
Whey protein is extensively used to manufacture protein supplements. It is one of the major sources of essential amino acids that improve muscle strength. It is also beneficial for preventing muscle loss due to old age. The growing demand for whey protein supplements from fitness enthusiasts and sportspeople is driving the growth of the dairy ingredients market. Moreover, the rising popularity of protein-rich food and growing concerns about health and wellness are promoting the market growth. Dairy ingredients are present in various personal care products, such as soaps, shampoos, conditioners, and moisturizers. Hydrolyzed milk protein is an effective hair conditioner that penetrates the cortex, raises moisture levels, and makes hair more flexible. Several personal care companies use it in body care products, including body lotions, moisturizers, soaps, and body washes. It hydrates the skin and gives it natural glow, keeping it moisturized for a long duration. Growing awareness of health and wellness, and rising self-care trends are projected to fuel demand for dairy ingredients in the personal care industry in the coming years.
With the new features and technologies, vendors in the dairy ingredients market can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America dairy ingredients market at a good CAGR during the forecast period.
Based on product type, the North America dairy ingredients market is segmented into milk powder, proteins, milk fat concentrates, lactose & lactose derivatives, and others. Based on application, the North America dairy ingredients market is segmented into food & beverages, animal feed, pharmaceuticals & nutraceuticals, and personal care. Geographically, the dairy ingredients market is segmented into North America (US, Canada, Mexico). Lactalis Ingredients, Agropur, Friesland Campina Ingredients, Saputo Inc., Kerry Group, AMCO Proteins, Glanbia Ireland , Arla Foods Ingredients Group P/S are among the leading companies in the North America dairy ingredients market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 13,623.78 Million |
| Market Size by 2028 | US$ 17,036.76 Million |
| CAGR (2021 - 2028) | 3.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
|
Regions and Countries Covered
|
|
| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
|
The North America Dairy Ingredients Market is valued at US$ 13,623.78 Million in 2021, it is projected to reach US$ 17,036.76 Million by 2028.
As per our report North America Dairy Ingredients Market, the market size is valued at US$ 13,623.78 Million in 2021, projecting it to reach US$ 17,036.76 Million by 2028. This translates to a CAGR of approximately 3.2% during the forecast period.
The North America Dairy Ingredients Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Dairy Ingredients Market report:
The North America Dairy Ingredients Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Dairy Ingredients Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Dairy Ingredients Market value chain can benefit from the information contained in a comprehensive market report.
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