Dairy Ingredients Market 2018 Global Share, Production, Consumption Analysis, Brands Statistics and Overview by Leading Players 2023

Dec 4, 2018

Dairy Ingredients Market by Type (Milk Powder, Whey Ingredients, Protein Ingredients and Lactose), Application (Dairy & Frozen Desserts, Bakery & Confectionery, Convenience Foods, Baby Food, Sports and Clinical Nutrition) and Region - forecast till 2023

pune, India - December 4, 2018 /MarketersMedia/ —

Market Scenario:
The global dairy ingredients market is presumed to demonstrate an exceptional CAGR during the forecast period (2018-2023) owing to the increasing obesity among the consumers, asserts Market Research Future (MRFR). Dairy ingredients are referred to as substances which are generally extracted from milk and are used to offer flavor and texture to several beverages and food items. Dairy ingredients are stored in concentrated, dry, and liquid forms and help in fat holding, emulsification, and viscosity creation. These ingredients are considered important tools for a food developer in order to create desirable attributes in food items.

Drivers and Constraints Impacting the Market

With the growing demand from protein bar manufacturing units, confectioneries, and others, the dairy ingredients market is expanding at an incremental pace across the globe. It has been observed that the vegetarians are consuming dairy ingredients as they serve as the main source of nutrition and protein in their diet. This has further propelled the market growth globally. The growing demand for nutritional enrichment in food and beverages owing to the rising awareness towards healthy lifestyle among the individuals is considered to influence the dairy ingredients market during the assessment period. Also, high demand for dairy ingredients in food and protein supplements has led to new product launches, which is further flourishing the market growth across the globe. Moreover, the growing incidences of obesity have increased health consciousness among the consumers, which is presumed to contribute to the growth of the market.

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On the flip side, availability of alternatives such as plant protein along with low cost of soy protein is estimated to impede the market growth. With the growing milk allergies and lactose intolerance among the consumers, the global dairy ingredients market is likely to retard. Also, the prices of dairy ingredients are highly volatile owing to the inconsistent milk supply and unpredictable climatic conditions. Such factors are considered to hamper the market growth in the coming years.

Industry Updates:
November 09, 2018: Construction has begun in central Michigan on a dairy processing plant that will be capable of processing a quarter of milk produced in the state each year. Local officials have cited that the facility will hire more than 250 workers and include 600 jobs through associated businesses and improved demand for vendors and services.

Competitive Dashboard:
The prominent players operating the global dairy ingredients market are Cargill (U.S.), Dairy Farmers of America (U.S.), Arla Foods (Denmark), Fonterra Co-operative Group (New Zealand), Friesland Campina (The Netherlands), Glanbia Plc. (Ireland), and Groupe Lactalis (Germany).

Segment Analysis:
The global dairy ingredients market has been segmented on the basis of type, application, and region.

By mode of type, the global dairy ingredients market has been segmented into milk protein isolates, milk powder, casein and caseinates, protein ingredients, lactose and its derivatives, whey ingredients, and others. Among these, the milk powder is considered to dominate the global market due to the high application of such ingredients in baby food items & infant formula and sports & clinical nutrition.

By mode of application, the global dairy ingredients market has been segmented into baby food & infant milk formula, bakery & confectionery, dairy and frozen desserts, convenience foods, sports & clinical nutrition, and others. Among these, the bakery & confectionery segment is likely to dominate the global market. Meanwhile, the baby food & infant milk formula segment is considered to project a high growth due to the increasing demand for baby nutrition.

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Regional Insights:
Geographically, the global dairy ingredients market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World.

Among all the regions, Asia Pacific is presumed to dominate the dairy ingredients market and is estimated to maintain its dominance over the review period. Inclination towards promoting investment in the food and beverage sector of India and China is likely to improve the manufacturing capacity of sports nutrition products and baked goods. This trend is likely to contribute the market growth in this region.

Shifting preference of the working population towards nutritional products and increasing expenditure of sports professionals in countries such as France, Germany, Russia, and the U.K. in order to improve the muscular strength is considered to promote the growth of milk powder as a functional ingredient in this region, thereby bolstering the market growth in the coming years.

Contact Info:
Name: Abhishek
Organization: market research future
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: 6468459312Website: https://www.marketresearchfuture.com/reports/dairy-ingredients-market-1808

Source URL: https://marketersmedia.com/dairy-ingredients-market-2018-global-share-production-consumption-analysis-brands-statistics-and-overview-by-leading-players-2023/454338

Source: MarketersMedia

Release ID: 454338

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