Dairy Ingredients Market Size & Forecast
The Dairy Ingredients Market is expected to reach $93.2 billion by 2031, at a CAGR of 4.9% during the forecast period of 2024 to 2031. This market's growth is driven by the growing adoption of dairy ingredients in the food industry, increasing health and wellness trends, improvement in supply chain management, rising consumer awareness towards nutritional food, and increasing milk production.

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Additionally, technological developments in the dairy industry and emerging economies offer significant growth opportunities for dairy ingredient manufacturers. However, demand for plant-based non-dairy alternatives and the increasing incidence of lactose intolerance restrains market growth.

Dairy Ingredients Market: Competitive Analysis
The report includes a competitive analysis based on an extensive assessment of the key growth strategies adopted by leading market players in the past three to four years and the benchmarking of key players' product offerings by type. The key players profiled in the dairy ingredients market are Fonterra Co-Operative Group (New Zealand), Royal Frieslandcampina N.V. (Netherland), Arla Foods Amba (Denmark), Saputo Inc. (Canada), Dairy Farmers of America, Inc. (U.S.), Sodiaal International (France), Lactalis Group (France), Agropur Cooperative (Canada), Schreiber Foods Inc. (U.S.), Savencia S.A. (France), Yili Group (China), Glanbia Plc. (Ireland), Gujrat Cooperative Milk Marketing Federation Ltd (India), Meiji Holdings Co., Ltd. (Japan), Mengniu Dairy Co., Ltd. (China), Megmilk Snow Brand Co., Ltd. (Japan), and Morinaga Milk Co., Ltd. (Japan).

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