Dairy Ingredients Market to Witness Unprecedented Growth in Coming Years

November 16 18:33 2022
Dairy Ingredients Market to Witness Unprecedented Growth in Coming Years
MarketsandMarkets™
Rise in consumption of ready-to-eat and functional foods, complemented by the versatile application of dairy ingredients, and increased consumer awareness on healthy eating among consumers, have been driving the global dairy ingredient market.

The global dairy ingredients market is estimated to be valued at USD 63.6 billion in 2021 and is projected to reach a value of USD 89.9 billion by 2026, growing at a CAGR of 7.2% during the forecast period. Milk is considered a complete food because it consists of proteins, carbohydrates, water-soluble vitamins, antioxidants, and minerals. These substances are easily extracted from milk. Additionally, the market for dairy ingredients is growing as a result of rising milk production, and milk can be easily sourced from anywhere in the world. Another factor driving the dairy ingredient market is the constant advancement of dairy technology.

 Dairy Ingredients Market

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=974

By type, the milk powder segment is projected to achieve the highest market share in the dairy ingredient market

Milk is frequently powdered to extend its shelf life and can be stored for more than six months. Manufacturers of food and beverages prefer milk powder as it can be formulated into any product and is less perishable than milk. Bakeries and other food processing industries that require milk as an ingredient prefer milk powders as they do not require refrigeration and still provide all of the milk characteristics. These factors have influenced food and beverage manufacturers to consume powder over milk; thus, the demand for milk powder has ever since increased.

By form, the dry ingredient segment is projected to achieve the highest market share in the dairy ingredient market

Dairy products are extremely perishable. In order to avoid ingredient degradation, most dairy ingredients are produced in dry form. Dry ingredients are convenient to store and can be used in any product formulation. Food and beverage manufacturers prefer the dry form of ingredients. Thus, the demand for the dry form of ingredient impacted as highest market share in the dairy ingredient market.

Cow in by livestock segment is projected to achieve the highest market share in the dairy ingredient market.

Cows are the most preferred livestock because they produce more milk than other livestock. Cow milk production has increased over the years, and obtaining cow milk is easier than obtaining milk from other livestock. Furthermore, the majority of the population prefers cow milk. Hence, the cow demand in the livestock segment is projected to have the highest market share in the dairy ingredient market.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=974

By application, the bakery & confectionery segment dominated the dairy ingredient market over the review period.

Lactose is used as a bulking agent, adding viscosity and texture, and is important in the Maillard reaction and caramelization of confectionery. Milk protein also provides a soft crumb structure in cakes and contributes to the moisture, color, and flavor of a baked product, among other things. Hence, dairy is an important ingredient in bakeries and confectionaries. As a result, large and medium-sized industries demand more dairy ingredients.

This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies operating in the dairy ingredients market. It includes the profiles of leading companies such as FrieslandCampina (The Netherlands), Groupe Lactalis (France), Arla Foods (Denmark), Saputo (Canada), Fonterra Co-operative Group (New Zealand), Dairy Farmers of America (US), Kerry Group (Ireland), Ornua (Ireland), AMCO Proteins (US), Prolactal (Austria), Valio (Finland), Glanbia (Ireland), Hoogwegt Group (The Netherlands), Batory Foods (USA), Ingredia SA (France), Agropur (Canada), and Euroserum (France). New product launches as a result of extensive R&D initiatives, geographical expansion, and strategic acquisitions to gain a foothold over the large extent of the supply chain are the key strategies adopted by companies in the dairy ingredient market.

Related Reports:

Dairy Alternatives Market by Source (Soy, Almond, Coconut, Oats, Rice, Hemp), Application (Milk, Yogurt, Ice creams, Cheese, Creamers), Distribution Channel (Supermarkets, Health Food Stores, Pharmacies), Formulation and Region – Forecast to 2027

Lactose-Free Products Market by Type (Milk, Cheese, Yogurt, Ice-cream, Confectionery products), Form (Lactose-free, No added sugar/ Reduced sugar claims, Reduced lactose), Category (Organic, Inorganic), and Region – Global Forecast to 2025

Dairy Processing Equipment Market by Type (Pasteurizers, Homogenizers, Mixers & Blenders, Separators, Evaporators & Dryers, Membrane Filtration Equipment), Mode of Operation (Automatic and Semi-Automatic), Application, and Region – Global Forecast to 2026

Protein Hydrolysates Market by Type (Milk, Meat, Marine, Egg, Plant, and Yeast), Application (Infant Nutrition, Clinical Nutrition, Weight Management, and Feed), Process (Enzymatic, and Acid & Alkaline), Source, Form, and Region – Global Forecast to 2023

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/dairy-ingredients-market-974.html

  Categories: