The Global Dairy Ingredients Market is projected to reach a value of USD 87.4 billion by 2027 at a CAGR of 7.1%.
Dairy Ingredients can be stated as the compounds present in the milk formulation that satisfies the nutritional, organoleptic as well as functional needs. It includes fat concentrates, skimmed milk powder, whole milk powder, proteins, minerals, lactose and its derivatives. These Ingredientss are essential in proper growth owing to their biological activities and techno-functionalities. Due to this, these are extensively used in the cheese making, yogurt, butter, condensed milk, frozen desserts, infant formula, dietary supplement and various other formulated and processed food products.
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Dairy Ingredients Market: Drivers & Challenges
- Increasing Focus Towards Boosting Health and Wellness
Sedentary lifestyle, lack of appropriate diet, food habit with more consumption of packaged food has resulted into negative impact on the human body resulting into incorporation of fitness and healthy diet. Higher inclination of the aged as well as youth population towards healthy dietary habits is driving the demand for nutrient dense healthy products. As per the survey conducted by international Food Information Council, in 2018, one third (36%) population follows specific diet for achieving better health. IT further states that 48% of the population pool consume milk and milk products very often. Increasing health awareness with more preference towards milk and milk products to ensure better health is driving the market growth.
- Availability of Plant based Milk
Over the years, popularity of plant based milk has raised, due to growth in veganism or flexitarian diet trend. This has resulted into shifting consumer base towards consumption of plant derived milk such as soy milk, almond milk, oat milk, hemp milk and many others. Health benefits of vegan diet along with ethical and social advantages in pushing more and more people towards adopting veganism. The Vegan Society reported that in 2019, the vegan population reach to 1.16% of the Great Britain population from 0.46% in 2016. Due to rapidly shifting eating habits, the market is expected to foresee a negative impact.
Dairy Ingredients Market: Key Segments
- Segmentation based on form: Liquid and Dry
- Segmentation based on milk source: Cow, Buffalo and Others
- Segmentation based on type: Lactose & Derivative, Milk Powder, Fat Concentrate and Others
- Segmentation based on application: Sports Drinks, Meal Replacement, Beverage, Infant Formula, Frozen Desserts and Others
- Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.
Dairy Ingredients Market: Report Scope
The report on the dairy Ingredients market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered
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List of the leading companies operating in the Dairy Ingredients Market include:
- Arla Foods amba (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- AMCO Proteins
- Dairy Farmers of America, Inc.
- Fonterra Co-Operative Group Limited
- FrieslandCampina Ingredientss
- Glanbia plc
- Groupe Lactalis
- Ingredion Incorporated
- Kerry Group plc
- Ornua Co-operative Limited.
- Saputo Inc.
- Volac International Ltd
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Dairy Ingredients Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Dairy Ingredients Market, by Form
Dairy Ingredients Market, by Milk Source
Dairy Ingredients Market, by Type
- Whey Protein Isolates
- Whey Protein Concentrate
- Lactose & Derivative
- Milk Powder
- Fat Concentrate
Dairy Ingredients Market, by Application
- Sports Drinks
- Meal Replacement
- Infant Formula
- Frozen Desserts
Dairy Ingredients Market by Region
· Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
· North America (US, Canada, Mexico)
· Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
· Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
· South America (Brazil, Argentina, Rest of South America)
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