- Dairy ingredients are substances which are extracted from milk and are used to provide texture and flavor to various foods and beverages.
- A trend of solid, volume-driven growth has been observed in the market.
- Promoting milk powder as a functional ingredient for improving muscular strength in Europe will help the market.
Due to wide consumption of dairy ingredients in various industries, the market is growing at an incremental pace of development on the global stage. Dairy ingredients are substances which are extracted from milk and are used to provide texture and flavor to various foods and beverages.
These are stored in dry, concentrated and liquid forms. Dairy ingredients help in emulsification, fat holding, and viscosity creation. Dairy ingredients are considered to be significant tools for a food developer to create a desirable attribute in foods. Growing prominence of nutritional enrichment in foods & beverages due to increasing awareness towards maintaining a healthy lifestyle is projected to have a positive impact on the dairy ingredients market.
With the entry of industry players in the dairy ingredients segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment, they are competing and experimenting with various advantage points. The key players are focused on product innovations and new product launches which are healthy for consumers. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in optimal strategies.
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The key players profiled in Dairy ingredients are Cargill (U.S.), Fonterra Co-operative Group (New Zealand), Friesland Campina (The Netherlands), Dairy Farmers of America (U.S.), Glanbia Plc. (Ireland), Groupe Lactalis (Germany), and Arla Foods (Denmark) among many others.
The global dairy ingredients market has been segmented by type, application, and region.
On The Basis Of Type: Milk Powders (Skimmed Milk Powder, Whole Milk Powder, and Dairy Whitener), Whey Ingredients (Whey Protein Concentrates, Whey Protein Isolates, Sweetened Whey Powder, and Others), Protein Ingredients (Milk Protein Concentrates, Milk Protein Isolates, Casein & Caseinates, Milk Protein Hydrolysates, and Others), Lactose & Its Derivatives, and Others
On The Basis Of Application: Dairy and Frozen Desserts, Bakery & Confectionery, Convenience Foods, Baby Food & Infant Milk Formula, Sports & Clinical Nutrition, and Others
The global dairy ingredients market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Asia Pacific is dominating the dairy ingredients market. Regulatory inclination towards promoting investments in food & beverage sectors of China and India is expected to improve the manufacturing capacity of baked goods and sports nutrition products. This trend is projected to remain a major driving factor for promoting the use of dairy ingredients.
Rising expenditure of sports professionals and working population towards nutritional products in Germany, France, the UK, and Russia for improving muscular strength is expected to promote the usage of milk powder as functional ingredients in Europe. High inclination of the governments of Middle East countries including Saudi Arabia, UAE, and Qatar for promoting investments in domestic food & beverage sector is expected to open new avenues for dairy ingredients over the forecast period in this region.