Global Dairy Ingredients Market – Competitive Analysis
With the entry of industry players in the Dairy Ingredients Market 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 highly focusing on product innovations and new product launches which are healthy for the consumers. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
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)
- Arla Foods (Denmark)
The Global Dairy Ingredients Market is predicted to grow at an astonishing pace and at promising CAGR over the forecast period (2018-2023). Dairy ingredients are extracted from the milk and mainly used for offering flavor and texture to different foods and beverages. It is stored in concentrated, dry and liquid forms and helps in fat holding, viscosity creation and emulsification. Dairy ingredients are rich in magnesium, zinc, vitamin B12, vitamin A, protein and calcium that is essential for proper nourishment and bone density development. It is available in different forms including lactose and lactose derivatives, casein and caseinates, milk protein isolates, protein ingredients, whey ingredients, milk power and more.
There are many factors that is driving the growth of the Dairy Ingredients Market. Some of these factors as per the Market Research Future (MRFR) report include increasing incidences of obesity, increasing health awareness, increasing need for healthy ingredients for application in beverages and food, increasing demand for infant formula and baby food for balanced kids’ nutrition, penchant for dairy products, increase in research and development activities associated to innovative solutions utilizing dairy ingredients, expansion in the application sectors namely confectionary and dairy, increase in urbanization, reduced transportation costs, longer shelf life owing to less moisture content, increase in disposable income, increased inclination for paying premium cost for food products having plenty of health benefits, and increasing need for protein supplements particularly in food items that has led to food and beverage companies to launch new products. On the contrary, factors such as occurrence of milk allergies and lactose intolerance, availability of dairy ingredients substitutes, low product awareness and the availability of counterfeit products may hamper dairy ingredients market growth over the forecast period.
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Feb 2019- NZMP, Fonterra’s global dairy ingredients as well as solutions provider recently promoted its widest dairy ingredients range in Gulfood including protein water, fat filled milk powder, pizza topping, low cost pure instant dairy powder and protein + instant milk powder.
- Consumption of whey ingredients is projected to grow at a high CAGR during the forecast period
- Application of dairy ingredients in sports & clinical nutrition holds a prominent share in the global market
- Dairy ingredients manufacturers
- Raw material suppliers
- Dairy product manufacturers
- Frozen dessert industry
- Retailers and wholesaler
- E-commerce industry
- Traders, importers, and exporters
Market Research Future report offers an all-inclusive segmental analysis of the Dairy Ingredients Market on the basis of Type and Application.
Based on Type
- Lactose and Lactose Derivatives
- Protein ingredients (milk protein Hydrolysates, casein and caseinates, milk protein isolates, milk protein concentrates and others)
- Whey Ingredients (sweetened whey powder, whey protein isolates, whey protein concentrates and others)
- Milk Powders (dairy whitener, whole milk powder and skimmed milk powder)
Based on Application
- Sports and Clinical Nutrition
- Baby food and Instant Milk Formula
- Convenience Foods
- Bakery and Confectionery
- Dairy and frozen desserts and others
Based on Region, the dairy ingredients market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, APAC will dominate the dairy ingredients market over the forecast period. Regulatory inclination to promote investments in China and India’s food and beverage sectors is predicted to enhance the manufacturing capability of sports nutrition products and baked goods. This trend is likely to remain a key driving factor to promote the utilization of dairy ingredients. Increasing expenditure made by the working population and the sports professionals for nutritional products in Russia, the UK, France and Germany to improve muscular strength is anticipated in promoting the use of milk powder in the form of functional ingredients especially in Europe. Increasing inclination made by the government in the Middle East countries such as Qatar, the UAE and Saudi Arabia to promote investments in the domestic food and beverage domain is predicted in opening for dairy ingredients some new avenues.
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