Global Dairy Ingredients Market Segmented; by Product type (skimmed milk powder, whole milk powder, buttermilk powder); By Application type (Dairy products, bakery and confectionary, infant milk formula, convenience food, sports &clinic nutrition and others); and Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
[170 + Pages Research Report] Dairy Ingredients Market to reach USD 628.5 billion by 2030 from USD 385.9 billion in 2021 at a CAGR of 5.60% in the coming years, i.e., 2021-30.
Dairy ingredients are extracted primarily from milk and whey and are used to produce different product forms with a wide range of use. Such ingredients, give food goods health and safety advantages, taste, and other characteristics. The traditional heat treatment process is used to manufacture dairy ingredients, followed by cooling and the addition of flavors, while the modern membrane-separation technique is still employed for the same purpose. Dairy ingredients in form of milk powder are strengthened by exceptionally low microbiological levels and high heat stability in the formula formulation of infant products and this facilitates long processing times during the production of the formula.
Fats Global anticipates the Dairy Ingredients market to surpass USD 628.5 Billion by 2030, which is valued at 385.9 billion in 2021 at a compound annual growth rate of 5.60%. This growth is anticipated due to the advent of rising awareness among individuals towards healthy lifestyles and this has led to a substantial increase in the importance of nutritional enrichment in food and beverages. The world demand for dairy products has been powered by a higher consumer perception of public safety, complemented by the multi-faceted application of dairy ingredients, and packaged and functional food consumption.
In August 2016, PowerBar released a brand-named ‘Clean Whey’ a whey product line, consisting of two grams of sugar and the absence of the formulation of artificial sweeteners.
The global market has been segmented based on product type, application type, and location. It has been further segmented based on region into North America, Europe, Asia-Pacific, Mid East, and Africa.
By product type (in %), global Dairy Ingredients Market, 2019
The skimmed milk is anticipated to register 23.3% of the volume share and is expected to grow on the account of increased shelf life and low moisture content
By Application type (in %), global Dairy Ingredients Market, 2019
Dairy products accounted for 38.5% of the global volume in 2019.
Growing health concerns
Growing customer health and wellbeing issues, technology development, and new investigations and technologies are aimed at improving applicability.
The rise of R&D in innovative milk solutions; the rise in the application field, including confectionery and dairy; and the increase in urban development drive market growth.
Recent technological advances such as adsorption chromatography have been found to manufacture prebiotic ingredients, providing significant potential for the growth of the industry.
The rapid growth of substitutes
This rise is hampered by the development of milk product substitutes and by lactose sensitivity and milk allergies. CO2 injections, which have similar functional features as acid casein, were developed to replace potential casein and caseinate ingredients with dairy protein concentrate (MPCs).
Fonterra Co-Operative Group Limited
It is anticipated that regulation would increase the production potential of baked and sports nutrition products in the food & beverage sectors in China and India. This pattern is expected to continue to be a significant driver of the use of milk products and would likely contribute to demand growth during the forecast period.
Increasing spending by sports professionals and working people on nutritional items are expected to promote the use of milk powder as functional ingredients in Germany, France, the UK, and Russia to boost muscle strength.
The global Dairy Ingredients market is further segmented by region into:
Dairy Ingredients Market Segments:
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