Dairy Ingredient Market To Reach USD 87.4 Billion By 2027 | CAGR 7.1% – Forencis Research

Dairy Ingredients Market - Global Industry Analysis and Forecast 2020 to 2027

Global Dairy Ingredient Market: Key Highlights

  • According to the new market research report Dairy Ingredient Market by Form (Liquid, Dry), by Milk Source (Cow, Buffalo, Others), by Type (Lactose & Derivative, Milk Powder, Fat Concentrate and Others), by Application (Sports Drinks, Meal Replacement, Beverage, Infant Formula, Frozen Desserts and Others), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2020 to 2027)”, the global dairy ingredient market is estimated to reach USD 87.4 Billion by 2027 at a CAGR of 7.1% during the review period.
  • The dairy ingredient is referred to as the compounds that settles the nutritional, organoleptic as well as functional needs of the milk
  • The dairy ingredient encompasses of fat concentrates, skimmed milk powder, whole milk powder, proteins, minerals, lactose and its derivatives
  •  These are used in formulation of frozen desserts, baby food, dietary supplement, energy drinks and others

Dairy Ingredients Market Global Dairy Ingredient Market: Key Market Dynamics

  • Increasing focus towards promoting health and wellness among young as well as geriatric population is driving the market growth
  • Increasing demand for the dairy products across the globe, pushes the market growth
  • Availability of plant based milk such as soy milk, oat milk, almond milk and others hampers the market growth
  • Hike in the demand for organic milk is acting as the opportunity for the market growth
  • The growth of this market may hindered due to high cost associated with milk production

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Global Dairy Ingredient Market: Regional Overview

  • Europe

The Europe dairy ingredient market is one of the promising market owing to rising demand for sports drink and nutritional supplement in the region. Sustainable impact of the professional sports over the Europe economy plays pivotal role in the growth of dairy ingredient market. Survery conducted by Lactalis: Understanding Protein buyer in 2019, states that nearly 2/3 of the Europe protein market is accounted by four countries: Italy, Germany, France and the United Kingdom, with the latter country dominating. It further states that ¾th of the European population tend to purchase any kind of sports nutrition in six months. Due to aforementioned factors, the Europe market for dietary supplement is expected to grow, which in turn, push the dairy ingredient market.

  • Asia-Pacific

In 2019, Asia-Pacific has emerged as the leading region for the dairy ingredient market owing to growth in the health conscious population. Rising disposable income, higher health awareness in the aged population in the region drives the market growth. Rise in the health driven population in the Indonesia, Thailand, Malaysia and other countries fueling the demand for self-care and self-medication drives the demand for health supplements.

Global Dairy Ingredient Market: Key Players Overview

  • Arla Food amba:

Arla Food amba is the dairy company offering ingredients for infant nutrition, medical nutrition, sports nutrition, dairy and bakery products. The company has strong presence in the Europe, US, China, Saudi Arabia and other parts of world. The company offers whey permeate for processing of fermented product, milk beverages, desserts and cheese spread.

  • AMCO Proteins:

AMCO Proteins is the US based dairy protein manufacturer offering dairy proteins, protein blends and hydrolysates for manufacturing of bakery, bars, frozen desserts, confectionery, spreads and other edible products. The company offers Casein Products, Caseinate Products, Milk Protein Concentrate / Milk Protein Isolates, and Whey Protein Concentrate / Whey Protein Isolates.

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Rep Id : FnB 051

Published : 2020-09-24

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