The global dairy ingredients market size is expected to reach
USD 86.97 billion by 2024, according to a new report by Grand View Research,
Inc.The rising demand for dairy products in emerging markets including China
and India as a result of product innovation by companies including Nestlé is
expected to promote usage of milk powder as a functional ingredient. Rising
importance of frozen bakery goods as a result of new product launches by
companies including ABF is expected to promote the use of milk powder further over
the forecast period.
Infant formula is projected to
witness revenue growth at a CAGR of 4.8% from 2016 to 2024. The emergence of
China and India as a major hub for manufacturing baby products on account of
increasing birth rates on a domestic level is expected to promote market demand
over the projected period.
Browse full research report on Dairy
Ingredients Market: http://www.grandviewresearch.com/industry-analysis/dairy-ingredients-market
Further key findings from the
report suggest:
- Buttermilk
powder is projected to foresee volume growth at a CAGR of 3.5% from 2016
to 2024 owing to its increasing use in batter or breading, chocolates and
processed cheese
- The
global demand for permeate powder or dried permeate demand was 208.6 kilo
tons in 2015. The product is manufactured after ultrafiltration of milk to
extract protein and fat which is used extensively as a functional additive
for the production of beverages, seasonings, confectionery, soups, sauces,
desserts, and baked goods.
- Sports
& clinical nutrition is expected to foresee fastest volume growth at a
CAGR of 4.3% from 2016 to 2024 on account of rising importance of weight
management and maintaining healthy lifestyle among sports professionals
and working professionals
- Asia
Pacific is projected to witness volume growth at a CAGR of 4% from 2016 to
2024. Rising disposable income of consumers in emerging markets including
China, Thailand, Bangladesh, Indonesia, and Malaysia is expected to
promote the consumption of food & beverage products and thus likely to
augment dairy ingredients market growth.
- Major
dairy ingredients manufacturers include Fonterra, Dairy Farmers of America
Inc., Arla Foods, Volac International Limited, Friesland Campina, and
Glanbia Plc. where companies are focusing on product innovation and
manufacturing capacity expansion to increase their presence in the global
market.
- In
June 2016, Arla Foods Ingredients established a new production unit in
Denmark. The facility can produce 4,000 tons of high-quality whey and casein
hydrolysates annually.
Browse more reports of this
category by Grand View Research: http://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
Grand View Research has segmented
the global dairy ingredients market by product, application and region:
Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2013 - 2024)
- Skimmed
Milk Powder (SMP)
- Whole
Milk Powder (WMP)
- Buttermilk
Powder
- Cream
Powder
- Blenders
& Replacers
- Rolled
Dried Powder
- Fat-filled
Powder
- Permeate
Powder/Dried Permeate
- Lactose
& Derivatives
- Casein
& Caseinate
- MPC
& MPI
- Whey
Ingredients
Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2013 - 2024)
- Bakery
& Confectionery
- Chocolate
- Ice-Cream
- Others
- Dairy
Products
- Recombinant
Milk
- Others
- Convenience
Foods
- Infant
Milk Formula
- Sports
& Clinical Nutrition
- Others
Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2013 - 2024)
- North
America
- U.S.
- Mexico
- Canada
- Europe
- North
Europe
- Scandinavia
- Western
Europe
- Germany
- France
- UK
- Eastern
Europe
- Poland
- Russia
- Turkey
- South
Europe
- Portugal
- Spain
- Italy
- Asia
Pacific
- China
- Japan
- South
Korea
- India
- Australia
- New
Zealand
- South
East Asia
- Indonesia
- Vietnam
- Thailand
- Central
& South America
- Brazil
- Venezuela
- MEA
- South
Africa
Access press release of this
research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-dairy-ingredients-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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