Dairy Ingredients Market Insights
Market Research Future estimated that the global Dairy Ingredients Market would touch the highest valuation with notable CAGR during the forecast period, 2018-2023.
Increased consumption of functional and enriched foods is expected to have a significant impact on the dairy ingredients market. Growing demand for protein supplements in food products has led to the launch of new products by food and beverage companies, which should stimulate demand for whey and milk powder. Proposed regulatory support for the inclusion of whey protein in food and beverages by the USFDA and the UK government is expected to have a significant impact on the growth of the dairy ingredients market. In addition, increasing demand for dairy products in emerging markets, particularly India and China, as an outcome of product innovation by key players, is expected to accelerate the growth of the dairy ingredients market.
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Rising obesity among consumers has raised health awareness, which also influences the strong growth of this market. Raising health awareness, coupled with the growing demand for healthy ingredients that can be used in food and beverages, supports the emerging Dairy Ingredients Market worldwide. The growing demand for baby food and baby food for a balanced diet for children also contributes to the growth of the market. In addition, the increased preference for dairy products has stimulated the demand for dairy ingredients in the world market.
In addition, the growing health-conscious population and their heart health awareness have increased the demand for low-fat dairy products. This, in turn, backs the growth of the Dairy Ingredients Market on a global platform. In addition, consumers’ tendency to eat healthily stimulates the development of the dairy ingredients market. However, the presence of fake and low-quality product awareness can hamper the growth of this market.
Key Players
The key industrial players driving the production of dairy ingredients include Friesland Campina, Arla Foods, Fonterra Co-operative Group, Cargill, Groupe Lactalis, Glanbia Plc, Dairy Farmers of America, and others.
Recent Updates
Arla Foods and NZMP to introduce proteins for dairy and alternative applications. Arla Food intends to bring to the market a totally novel 100% whey protein hydrolysate to SSW. The company stated that the product is first tested with athletes that have better recovery post intense exercise with protein hydrolysate consumption. To get better flavors and replace the bitter taste is one of the major challenges, according to the company.
Market Segmentation
The global Dairy Ingredient Market is bifurcated into milk powder, whey ingredients, protein ingredients, derivatives, and lactose. Further, the milk powders are segmented into skimmed milk powder, dairy whitener, and whole milk powder. The whey ingredients are classified into whey protein concentrates, sweetened whey powder, whey protein isolates, and others. Moreover, the protein ingredients are further segregated into milk protein concentrates, casein & caseinates, milk protein hydrolysates, milk protein isolates, and others dairy and frozen desserts, convenience foods, bakery & confectionery, sports & clinical nutrition, baby food & infant milk formula.
Further, the application segment of the global Dairy Ingredients Market is segregated into bakery & confectionery, frozen desserts, baby food & infant milk formula, sports & clinical nutrition, convenience foods, and others.
Regional Outlook
Europe dominates the Dairy Ingredients Market, followed by North America. Germany and The United Kingdom are the highest consumers of dairy ingredients due to the growing consciousness about the health benefits of dairy consumption. In addition, high demand for calorie foods and high protein is considered the determining factor in this region.
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In addition, increasing consumer awareness and growing demand for various forms of dairy ingredients have increased the demand in the North American region, such as the United States and Canada, which are expected to spur the growth of the Dairy Ingredients Market during the period considered.
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