North America Dairy Ingredients Market Size & Outlook
North America dairy ingredients market highlights
- The North America dairy ingredients market generated a revenue of USD 16,319.9 million in 2023.
- The market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, skimmed milk powder (smp) was the largest revenue generating product in 2023.
- Skimmed Milk Powder (SMP) is the most lucrative product segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 16,319.9 million |
| Market revenue in 2030 | USD 22,974.6 million |
| Growth rate | 5% (CAGR from 2024 to 2030) |
| Largest segment | Skimmed milk powder (smp) |
| Fastest growing segment | Skimmed Milk Powder (SMP) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skimmed Milk Powder (SMP) |
| Key market players worldwide | Fonterra Co-operative Group, FrieslandCampina, Arla Foods, Glanbia PLC, Sodiaal, Dairy Farmers of America, Saputo Inc, Schreiber Foods, Lactalis Ingredients |
Other key industry trends
- In terms of revenue, North America region accounted for 19.3% of the global dairy ingredients market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 51,870.7 million by 2030.
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Dairy Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| FrieslandCampina | View profile | 10001+ | Amersfoort, Utrecht, The Netherlands, Europe | https://www.frieslandcampina.com |
| Lactalis Ingredients | View profile | 1001-5000 | Bourgbarré, Bretagne, France, Europe | https://www.lactalisingredients.com |
| Fonterra Co-operative Group | View profile | 10001+ | Auckland, Auckland, New Zealand, Oceania | http://fonterra.com |
| Arla Foods | View profile | 10001+ | Viby, Skane Lan, Sweden, Europe | http://www.arla.com |
| Dairy Farmers of America | View profile | 10001+ | Kansas, Illinois, United States, North America | https://www.dfamilk.com/ |
| Sodiaal | View profile | 5001-10000 | Paris, Ile-de-France, France, Europe | https://sodiaal.coop/fr |
| Schreiber Foods | View profile | 5001-10000 | Green Bay, Wisconsin, United States, North America | https://www.schreiberfoods.com/en-us |
| Saputo Inc | View profile | 19200 | 6869 Metropolitain Boulevard East, St-Leonard, Montreal, QC, Canada, H1P 1X8 | https://www.saputo.com |
| Glanbia PLC | View profile | 5534 | Ring Road, Glanbia House, Kilkenny, Ireland, R95 E866 | https://www.glanbia.com |
North America dairy ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dairy ingredients market will help companies and investors design strategic landscapes.
Skimmed milk powder (smp) was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America dairy ingredients market based on skimmed milk powder (smp) covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of dairy ingredients market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America dairy ingredients market , including forecasts for subscribers. This continent databook contains high-level insights into North America dairy ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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