APAC Dairy Ingredients Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.30 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Dairy Ingredients Market Analysis
Asia-Pacific dairy ingredients market is projected to grow at a CAGR of 4.3% during the forecast period, 2020 - 2025.
- Improving living standards of the population, growth of the infant formula industry, increasing demand for health products, and healthy lifestyles of the consumers are driving the growth of the Asia-Pacific Dairy Ingredients Market.
- Additionally, Asia-Pacific being an abundant reserve for dairy production in the world ensures plentiful supply to food processing industries at a very competitive price. These factors where on the one hand foster market studied, the aspects such as lactose intolerance, growing veganism are concerns anticipated to restrain the market in the forecast period.
APAC Dairy Ingredients Market Trends
This section covers the major market trends shaping the APAC Dairy Ingredients Market according to our research experts:
Milk Powder Held the Largest Market Share
The demand for dairy products in the Asian market is rising. Skimmed milk powder is largely used in the ice-cream industry which is pushing the market for skimmed milk products in Asia. For instance, as per the data revealed by the Food and Agricultural Organization, the consumption of fresh dairy products in India is expected to increase by 2.3% a year, reaching 108kg per capita in 2028. However, increasing prices of skimmed milk powder in the Indian market has resulted in the decline in milk procurement during winter, the peak producing season has triggered concern about supplies in summer, a lean season. This has led to rising demand for the creation of a buffer stock of skimmed milk powder.
India Remains Fastest Growing Country
India being a nerve center of the global dairy industry, offers galore of opportunities to investors and entrepreneurs, willing to capitalize on one of the world's fastest-growing markets for milk and milk products. As a result, the dairy ingredient market in the country has been witnessing a surge in market entries followed by diversified product launches. Food companies in India are now more inclined to procure quality and differentiated raw materials to formulate their products, portraying promising opportunities for dairy ingredient manufacturers to emphasize in research and development sector and eventually come up with the exceptional products.
APAC Dairy Ingredients Industry Overview
Product innovation is a highly preferred strategy by companies to strengthen their market dominance. Major players, such as Arla Foods, 贰耻谤辞蝉茅谤耻尘, Saputo Inc, and Groupe Lactalis extensively focus on providing consumers with innovative offerings, combined with functional benefits in each of the product. Expansion is another strategy extensively used to strengthen their market dominance. Major players are constantly trying to expand their production facilities to accommodate the growing demand.
APAC Dairy Ingredients Market Leaders
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Arla Foods Ingredients Group
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贰耻谤辞蝉茅谤耻尘
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Glanbia plc
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Saputo Inc
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LACTALIS Ingredients
*Disclaimer: Major Players sorted in no particular order
APAC Dairy Ingredients Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Milk Powders
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5.1.2 Milk Protein Concentrate & Milk Protein Isolate
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5.1.3 Whey Ingredients
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5.1.4 Dairy Blenders & Replacers
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5.1.5 Others
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5.2 Application
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5.2.1 Bakery & Confectionery
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5.2.2 Dairy Products
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5.2.3 Infant Milk Formula
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5.2.4 Sports & Clinical Nutrition
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5.2.5 Others
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5.3 By Geography
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5.3.1 India
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5.3.2 China
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5.3.3 Japan
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5.3.4 Australia
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5.3.5 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Arla Foods Ingredients Group
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6.3.2 Euroserum SAS
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6.3.3 Glanbia plc
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6.3.4 Saputo Inc
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6.3.5 Lactalis Ingredients
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6.3.6 Hoogwegt Groep B.V.
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6.3.7 Gujarat Cooperative Milk Marketing Federation
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Dairy Ingredients Industry Segmentation
Asia-Pacific dairy ingredients market includes revenue generated through milk powders, milk protein concentrate & milk protein isolate, whey ingredients, lactose & derivatives, c, and others. By application the market is segmented into bakery & confectionery, dairy products, infant milk formula, sports & clinical nutrition, other. Additionally, the study covers market revenue in major countries of the regions Asia-Pacific that is India, China, Japan, and Australia.v
| Type | |
| Milk Powders | |
| Milk Protein Concentrate & Milk Protein Isolate | |
| Whey Ingredients | |
| Dairy Blenders & Replacers | |
| Others |
| Application | |
| Bakery & Confectionery | |
| Dairy Products | |
| Infant Milk Formula | |
| Sports & Clinical Nutrition | |
| Others |
| By Geography | |
| India | |
| China | |
| Japan | |
| Australia | |
| Rest of Asia-Pacific |
APAC Dairy Ingredients Market Research FAQs
What is the current Asia-Pacific Dairy Ingredients Market size?
The Asia-Pacific Dairy Ingredients Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Dairy Ingredients Market?
Arla Foods Ingredients Group, 贰耻谤辞蝉茅谤耻尘, Glanbia plc , Saputo Inc and LACTALIS Ingredients are the major companies operating in the Asia-Pacific Dairy Ingredients Market.
What years does this Asia-Pacific Dairy Ingredients Market cover?
The report covers the Asia-Pacific Dairy Ingredients Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Dairy Ingredients Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Dairy Ingredients Industry Report
Statistics for the 2024 Asia-Pacific Dairy Ingredients market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Asia-Pacific Dairy Ingredients analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
