What Has Been the Growth of the Modified Milk Ingredients Market So Far?
The modified milk ingredients market has seen considerable growth due to a variety of factors.
• There has been substantial growth in the market size of modified milk ingredients in the past few years. The market will witness an increase from $116.49 billion in 2024 to $126.03 billion in 2025, with a compound annual growth rate (CAGR) of 8.2%.
The growth during this historic period can be linked to the heightened demand for organic dairy items, an upsurge in milk solid production, rising health awareness among people, an increase in the number of fitness enthusiasts, growing demand for health-boosting products, and an increase in modified milk ingredients exports.
What Are the Future Growth Projections for the Modified Milk Ingredients Market?
The modified milk ingredients market is expected to maintain its strong growth trajectory in upcoming years.
• We anticipate significant expansion in the modified milk ingredients market size in the coming years, with predictions indicating that it will reach $170.48 billion in 2029, registering a compound annual growth rate (CAGR) of 7.8%.
The expected growth during the prediction period is due to the growing fondness for flavored drinks, increasing demand for functional food, drinks, protein supplements, and wider use of milk ingredients. The increasing need for products promoting health is also a contributing factor. Major trends during this forecast period comprise innovation, technological progression, emerging technologies for milk ingredient production, and flavor innovations.
What Are The Core Factors Supporting Growth In The Modified Milk Ingredients Market?
The anticipated growth of the modified milk ingredients market is believed to be fueled by an escalating demand for dairy products. This demand stems from the high nutritional value of dairy products, which are rich in essential proteins, vitamins, and minerals, coupled with a rising emphasis on health and wellness among consumers. The dairy industry benefits from modified milk ingredients, which enhance the functionality, texture, and nutritional content of dairy products, enabling manufacturers to cater to a wide range of customer requirements and innovate with new product formulas. For example, the United States Department of Agriculture (USDA) forecasted in November 2023 that Australia's milk production will see an increase of 0.6% in 2024, hitting 8.50 million metric tons (MMT), after reaching stability in 2023 with an estimated 8.45 MMT, ending a period of decrease. Thus, the surging demand for dairy products is propelling the expansion of the modified milk ingredients market.
What Are The Major Segments Within The Global Modified Milk Ingredients Market?
The modified milk ingredientsmarket covered in this report is segmented –
1) By Type: Calcium Reduced Skim Milk, Casein, Caseinates, Other Types
2) By Form: Liquid, Concentrated, Dry, Frozen, Reconstituted
3) By Application: Food And Beverages, Cosmetics And Personal Care, Nutraceuticals, Pharmaceuticals, Other Applications
4) By Distribution Channel: Business-To-Business (B2B), Business-To-Consumer (B2C)
Subsegments:
1) By Calcium Reduced Skim Milk: Low-Calcium Skim Milk Powder, Calcium-Reduced Liquid Skim Milk
2) By Casein: Rennet Casein, Acid Casein, Micellar Casein
3) By Caseinates: Sodium Caseinate, Calcium Caseinate, Potassium Caseinate
4) By Other Types: Milk Protein Concentrates (MPC), Milk Protein Isolates (MPI), Whey Protein Concentrates (WPC), Whey Protein Isolates (WPI)
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What Trends Are Shaping The Modified Milk Ingredients Market?
Top corporations engaged in the modified milk ingredients sector are pioneering new offerings with less lactose to accommodate the surging requirement for lactose-free and low-lactose eating alternatives. Lower lactose dairy products enable lactose-intolerant consumers to benefit from the health gains of dairy without cause for digestive discomfort. For instance, Nestlé, a company hailing from Switzerland, in November 2023 unveiled their N3 milk supplemented with extra nutritional value in the Chinese market. The technique utilized for its creation decreases lactose content by up to 80% while transforming it into beneficial prebiotic fibers. Crucial nutrients found in standard milk, such as proteins, vitamins, and minerals, are preserved in N3 milk. Plus, compared to conventional milk products, it contains over 15% less calories.
Who Are the Key Players In The Modified Milk Ingredients Market?
Major companies operating in the modified milk ingredients market are:
• Nestle SA
• Danone S.A.
• Groupe Lactalis S.A.
• Fonterra Co-operative Group Limited
• Saputo Inc.
• China Mengniu Dairy Co. Ltd.
• Kerry Group
• Savencia Fromage And Dairy
• Agropur Cooperative
• Glanbia plc
• Emmi Group
• Bel Group
• Royal A-ware
• Vinamilk
• Leprino Foods
• Arla Foods Group
• Schreiber Foods
• Valio Ltd.
• First Milk Ltd.
• Amul
• Royal FrieslandCampina N.V.
What Is The Most Dominant Region In The Modified Milk Ingredients Market?
Asia-Pacific was the largest region in the modified milk ingredients market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the modified milk ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
