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
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.
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