Dairy ingredients are mostly derived from milk, and whey is used to make a variety of products. These ingredients give food nutritional and health benefits, as well as flavour and other characteristics. Traditional heat treatment techniques, as well as membrane separation techniques, are used to produce dairy products, as well as chill and taste them. Dairy products are used in a variety of dishes. They have a distinct flavour, a smooth texture, and a high nutritional value. The Dairy Ingredient Market report includes PESTLE analysis, PORTER’s five force analysis, and segment analysis by type, application, and region.
Dairy Ingredient Market Scope:
The Dairy Ingredient market is segmented in this Stellar Market Research report based on manufacturers, regions, product types, and application areas. A market’s size can be calculated using its value, output, and consumption. This Stellar Market Research (SMR) report discusses distribution channels, Porter’s Five Forces Report, market share, size, growth rate, future trends, market drivers, opportunities and challenges, risks, and entry barriers, among other things.
Dairy Ingredient Market Overview:
The SMR Dairy Ingredient Market report investigates the historical and projected growth of the upstream, midstream, and downstream industries. The market research study goes into great detail about the overall market size, revenue, and market segmentation. The SMR research takes into account a wide range of factors, including current market competition, potential growth barriers, key manufacturer profiles, and production and consumption by relevant areas.
Dairy Ingredient Market size was valued at US$ 59.55 Bn in 2020. The Global Dairy Ingredient Market is estimated to grow at a CAGR of 6.8% over the forecast period.
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Dairy Ingredient Market Drivers:
According to the Population Reference Bureau (PRB), the global human population will grow by 75 million people per year, or 1.1% per year. As a result, the global population is expected to reach 9.9 billion by 2050, a 33% increase from the estimated 7.4 billion in 2017. However, the elderly population is expected to double by 2050. Food product demand is expected to rise as the world’s population grows. According to a Harvard Business Review analysis, food demand is expected to rise by 59 to 98% by 2050. The rising prevalence of diseases in the population, as well as an ageing population, are driving up demand for nutritious meals. People’s nutritional awareness is propelling the dairy ingredient market forward.
Dairy Ingredient Market Segmentation:
Milk Powder, Whey Ingredients, Milk Protein Isolates, Milk Protein Hydrolysates, and Others are the market segments by type. In 2020, the Milk Powder segment held 39.2% of the dairy ingredient market. Milk powder, proteins, milk fat concentrates, lactose and its derivatives, and other dairy ingredients are examples. Milk powder, which is a direct substitute for fluid milk and thus used in a wide range of applications such as bread, dairy, and newborn nutrition, accounted for the lion’s share of these types in 2020. Skimmed milk powder is heavily used in the hotel, restaurant, and catering industries. The dairy industry has been plagued by a significant drop in sales and stockpiling of unsold milk powder, which is driving this segment’s growth.
The Whey Ingredients segment, on the other hand, is expected to grow at a CAGR of 4.3% during the forecast period. Whey is one of the two major high-quality proteins found in dairy that are naturally produced in cow’s milk. Whey protein is derived from cheese production. The whey protein is then pasteurised and dried before being used in drink mixes, protein bars, and other foods. Whey protein is a safe protein that a wide range of people can consume. Those who are lactose intolerant may have digestive problems, and those who are sensitive to cow’s milk may also be lactose intolerant.
Dairy Products, Convenience Foods, Bakery & Confectionery, Infant Milk Formula, and Others are the market segments by application. In 2020, the Bakery & Confectionary segment held 45.2% of the dairy ingredient market. This category’s significant share can be attributed to factors such as increased per capita consumption of bakery and confectionery products, as well as rising global adoption of sugar-free, healthy, and functional ingredient-based bakery products. Due to their public taste, colour, and easily digestible nature, bakery items are widely consumed by people of all ages, and global appetite continues to expand with emerging novel bakery and confectionery products.
The Dairy Products segment, on the other hand, is expected to grow at a CAGR of 3.3% over the forecast period. Dairy goods, also known as milk products, are foods made from milk. The most common dairy animals are the cow, water buffalo, nanny goat, sheep, and camel. Dairy products such as yoghurt, cheese, and butter are common grocery store items in the Western world. A dairy is a factory that manufactures dairy products.
Key Players:
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)
Euroserum (France).
The SMR report also includes company profiles, product images and specifications, output and capacity figures, pricing and cost information, revenue information, and contact information for the Dairy Ingredient market’s leading players. It investigates the specifications for raw materials, machinery, and upstream and downstream processes.
Dairy Ingredient Market Regional Analysis:
The Middle East and Africa, South America, North America, Asia Pacific, and Europe are the market’s five geographical regions. Stellar Market Research covers all market sub-segments as well as major geographic divisions. In this SMR report, we investigate regional evolution in terms of market size, share, and volume. This Stellar Market Research Dairy Ingredient industry report includes data, geographic breakdowns, and revenue, as well as an in-depth analysis of business chain structures, opportunities, and the most recent market news.
Key Questions answered in the Dairy Ingredient Market Report are:
- Which product segment is expected to hold the largest share in the Dairy Ingredient market?
- How is the competitive scenario of the Dairy Ingredient market?
- Which are the key factors aiding the Dairy Ingredient market growth?
- Which region holds the maximum share in the Dairy Ingredient market?
- What is the expected CAGR of the Dairy Ingredient market during the forecast period 2022-2029?
- Which application segment emerged as the leading segment in the Dairy Ingredient market?
- Which are the major key players in the Dairy Ingredient market?
- What key trends are expected to emerge in the Dairy Ingredient market in the forecast period?
- What will be the Dairy Ingredient market size by 2029?
- Which company held the largest share in the Dairy Ingredient market?
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About Stellar Market Research:
In 2018, Stellar Market Research, an organisation based in India, was founded. Its area of expertise is long-term planning and consulting services to help clients meet their organisational transformation goals. The organisation uses its extensive network and in-depth knowledge of the industry to produce well-informed comments on reports that give clients a tactical edge. Customers have access to a market portfolio that will help their company establish a substantial presence, set long-term objectives, and carry out the necessary actions for remarkable growth and market dominance. Price changes, secondary market analysis, and customer buying habits are all carefully taken into account.
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