Dairy Ingredients - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Dairy Ingredients Market is accounted for $49.59 billion in 2018 and is expected to reach $103.33 billion by 2027 growing at a CAGR of 8.5% during the forecast period. Some of the key factors influencing the market growth include increasing consumption of convenience food, rise in health consciousness, multifunctionality of dairy ingredients and an increase in R&D activates related to innovative solutions using dairy ingredients. However, health risks associated with whey protein is restricting the market growth.
Dairy ingredients are substances which are extracted from dairy products and are used to give texture and flavour to the food and beverages. These are stored in dry, concentrated and liquid forms. Dairy ingredients provide emulsification, fat holding, viscosity creation, and gel formation. For instance, these ingredients provide health and nutrition benefits, taste, and other characteristics of food products.
On the basis of form, the dry form of all types of dairy ingredients is preferred by food manufacturers, owing to the ease in transportation in comparison to the liquid form. Even the cold storage cost for the dry form is lesser, which further reduces the final cost of the product. Dried format of dairy ingredients also has a longer shelf life and is easy to handle, thereby increasing the demand for dry ingredients among the manufacturers.
By Geography, The Asia Pacific region is expected to have considerable market growth during the forecast period; due to the rise in population and inclination toward the healthy lifestyle among the people in the Asia Pacific has created the demand for functional and fortified foods in the region. Also, development in the economies and increase in disposable income have led the consumers to invest in health-related products and services. These factors have been driving the dairy ingredients market in the region.
Some of the key players in global Dairy Ingredients market are Groupe Lactalis, Fonterra Co, Operative Group, Batory Foods, Kerry Group, FrieslandCampina, Epi Ingredients, Ingredia SA, Arla Foods, Hoogwegt Group, Glanbia, PLC, AMCO Proteins, Dairy Farmers of America, Cayuga Dairy Ingredients, Murray Goulburn Co-operative, Volac International Ltd., Saputo Inc., Kanegrade Ltd, and Valio.
• Other Livestock
• Milk Powder
• Permeate Powder/Dried Permeate
• Lactose & Its Derivatives
• Whey Ingredients
• Dairy Blenders & Replacers
• Casein & Caseinates
• Milk Fat Concentrates
• Other Types
• Whey Based
Production Methods Covered:
• Membrane Separation
• Traditional Method
Sales Channels Covered:
• Distribution Channel
• Direct Channel
• Colour, Flavour, and Texture
• Solubility and Heat Stability
• Emulsification, Foaming, and Thickening
• Dairy Products
• Frozen Desserts
• Bakery & Confectionery
• Infant Formulas
• Sports Nutrition Products
• Health Foods
• Medical Nutrition
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o South Africa
o Rest of Middle East & Africa
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