Global Dairy Ingredients Market is projected to grow at a significant CAGR from 2017 to 2025
Milk is an essential part of diet, and is used in the preparation of several foods and beverages such as ice creams, chocolates, bakery snacks among others. Increasing concerns about health and nutritional value by consumers and change in demand for conventional dairy products has led to the growth of the global dairy ingredients market. On the basis of type, the dairy ingredients market is segmented into Milk Powder, Whey Ingredients, MPC & MPI, Lactose & Its Derivatives, Casein & Caseinates, and Milk Protein Hydrolysates. The milk powder segment holds the majority of the market share due to its limited moisture content, which extends the longevity of the product. Also, increasing demand for infant food is another factor impacting the demand for milk powder.
The report is designed to provide a complete view on the global Dairy Ingredients market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Dairy Ingredients market has been studied considering a short term forecast of the factors/ variables which have an impact on Dairy Ingredients market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
Study Technique: Global Dairy Ingredients Market
The global Dairy Ingredients market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Dairy Ingredients market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Dairy Ingredients, and customer analytics.
Global Dairy Ingredients Market Segmentation
By source, the market is divided into milk and whey. Milk holds a larger share of the market than whey. The non-traditional dairy ingredients segment includes whey powder, whey protein concentrate, milk protein concentrate and lactose, this market is expected to grow considerably in the coming years due to recent increased demand for whey protein and whey powder.
By application, the dairy ingredients market is divided into Bakery & Confectionery, Dairy Products, Convenience Food, Infant Milk Formula, Sports & Clinical Nutrition, among others. Dairy products accounts for the majority share of the market due to high demand worldwide for cream, milk, buttermilk, yogurt, cheese, butter, ice cream and lactose free dairy products. Due to the ever rising population, infant milk formula is also highly demanded. Chocolate is set to witness growth in coming years due to its properties of relieving stress on consumption. Sports and Clinical nutrition is on the rise now due to more and more individuals making more conscious lifestyle choices and joining gyms, individuals look for supplements and nutritional foods which complements their exercise routines, etc.
End-User Landscape (Consumer Profile): Dairy Ingredients Market
Companies such as Fonterra Co-Operative Group Limited, Arla Foods, Dairy Farmers of America, and Frieslandcampina, among others are investing extensively in the manufacturing and sale of Dairy Ingredients, which presents a huge opportunity to Dairy Ingredients suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
Fonterra Co-Operative Group Limited, Arla Foods, Dairy Farmers of America, Frieslandcampina, Euroserum, and Glanbia PLC, among others account for the major share in Dairy Ingredients market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Saputo Inc., Groupe Lactalis, Volac International Limited, and Devondale Murray Goulburn.
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