According to the current analysis of Reports and Data, the globalDairy Ingredients Marketwas valued at USD 52.6 billion in 2018 and is expected to reach USD 80.1 billion by the year 2026, at a CAGR of 5.4%. Dairy ingredients are derived from fluid milk in the form of cream, butter, condensed milk, dry milk, cheese, and whey products. The use of such constituents in formulated foods enhance consumer appeal, improves the nutritional value, and supplies functionality features. Modified ingredients, when designed to meet specific functional requirements of the food manufacturer, could supply not only the inherent benefits of the dairy raw materials but also improve economy and convenience. Introduction of these functionally designed, and industrially oriented, new ingredients into international trade would tend to reduce the economic pressures of overproduction in dairy production areas and be of benefit to the food industries in the non-dairying countries as well.
Consumer trends, especially in functional foods as well as fast and convenient foods, are shaping the development of new products in the marketplace. More recently, market opportunities have been leveraged in nutraceutical beverages for use as tools for weight management, meal replacement, and geriatric nutritional needs using fluid skim milk, nonfat dry milk, milk protein concentrate, and whey protein concentrate. In addition, coffee-based drinks have provided the consumer with a variety of nutritional and functional drinks.
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Competitive Landscape:
The research report offers details about leading companies in the global Dairy Ingredients market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
Market Dynamics:
Increasing consumer inclination towards functional, organic and probiotic-based food drinks is providing impetus to the growth of global food and beverage industry. Various studies have come with health benefits associated with ethnic and organic food products. These foods improve cardiovascular health, improves arthritis, digestive issues, and other inflammatory conditions. Consumers are gradually focusing on mindful eating and consuming food for health and wellness. Changing eating and dietary patterns of consumers is prompting brand owners and new entrants to introduce healthy foods options. Several clean-label products have been introduced in the market and consumer curiosity for new products is immense
Growing middle class consumers with rising income in developing countries such as India and China will boost food beverage market growth. Moreover, increasing consumer preference for procuring food and beverage items from online platforms due to variety, cost and time-saving will foster market size through 2026.
Some of the Leading Market Players Are Listed Below:
- FrieslandCampina (Netherlands),
- Fonterra Co-operative Group Limited (New Zealand),
- Dairy Farmers of America (U.S.),
- Arla Foods (Denmark),
- Glanbia plc (Germany).
- Devondale Murray Goulburn (Australia),
- Groupe Lactalis (Germany),
- Volac International Limited (U.K.).
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Dairy Ingredients Market Segmentation based on Types:
- Milk powder
- Whey ingredients
- Milk protein concentrates (MPC)
- Milk protein isolates (MPI)
- Lactose and its derivatives
- Casein caseinates
- Milk protein hydrolysates
- Other dairy ingredients
Dairy Ingredients Market Segmentation based on Application:
- Bakery confectionery
- Dairy products
- Convenience food
- Infant milk formula
- Sports clinical nutrition
- Other food products
Dairy Ingredients Market Segmentation based on Regions:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East Africa)
Key Features of the global Dairy Ingredients Market:
- The report offers detailed estimations at the regional level with manufacturers, consumption, sales and import/export dynamics.
- The report provides accurate details related of the manufacturers/vendors in the market, company overview, pricing analysis, financial standing, product portfolio, and gross profit of leading companies.
- Company profiling with prevalent expansion strategies, revenue generation, and recent developments.
- Optimum strategic initiatives for new players in the market.
- Manufacturing processes, suppliers, cost, rates of production and consumption, transport mode and cost structuring, and value chain analysis.
- The study also includes supply chain trends, including elaborate descriptions of the latest technological development
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