According to our latest market study, titled "Dairy Ingredients Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Protein, Milk Powder, Milk Fat Concentrates, Lactose & Lactose Derivatives, and Others) and Application (Food & Beverages, Animal Feed, Pharmaceuticals & Nutraceuticals, and Personal Care)," the market was valued at US$ 85,684.15 million in 2021 and is projected to reach US$ 105,295.16 million by 2028. It is expected to grow at a CAGR of 3.0% from 2021 to 2028.

Dairy ingredients incorporate milk powder, whey protein and casein, milk fat concentrates, lactose, and subordinates. Milk powder is delivered by pasteurizing, evaporating, and spray drying whole milk. The spray-dried milk powder is utilized in dry baking blends, candy parlors, flavor blends, and beverages. Whey protein is the result of cheddar and is thought and spray-dried into a powder. Dairy ingredients are widely utilized across food and beverages, drugs and nutraceuticals, creature feed, and individual consideration businesses.

In the food and beverage industry, dairy ingredients track down applications in bread shop and ice cream parlor items, frozen pastries, dairy items, beverages, and newborn child recipe. Dairy ingredients, for example, whey protein disengages and thinks, whey powders, and demineralized whey, are utilized in bread shop items to work on their surface and morsel strength. Whey proteins are broadly used to make protein supplements. Whey protein is viewed as one of the critical wellsprings of fundamental amino acids that assistance in further developing muscle strength. It is additionally advantageous for forestalling age-related muscle misfortune. Hydrolyzed milk protein is a successful hair conditioner that infiltrates the cortex, raising dampness levels and improving the hair's adaptability. It is likewise utilized in body care items like body creams, lotions, cleansers, and body washes since it hydrates the skin and gives it a characteristic sparkle. The rising demand for whey proteins across different end-use enterprises is probably going to fuel the market development over the forecast period.

Key players in the global dairy ingredients market include Agropur, Arla Foods Ingredients Group P/S, Lactalis Ingredients, Frieslandcampina, Saputo Inc., Fonterra Co-Operative Group Limited, Kerry, Amco Proteins, Prolactal, and Glanbia Ireland, among few others.

Impact of COVID-19 Pandemic on Dairy Ingredients Market

The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food & beverage industry is one of the leading industries, suffering severe disruptions, such as supply chain breaks and shutdowns of production plants due to the pandemic. The pandemic adversely affected the dairy industry owing to the raw material and labor shortage. Many small-scale dairy manufacturers faced a financial crisis due to the shutdown of manufacturing units. However, dairy ingredients, especially dairy proteins, witnessed significant demand due to increased health concerns. People increasingly preferred immunity-boosting food products and supplements, which propelled whey proteins. These factors positively boosted the growth of dairy ingredients market. Furthermore, with the rising vaccination rates and relaxation of government restrictions, the dairy ingredients market is expected to register positive growth over the coming years.