Market Research Future (MRFR) has recently published a report on the global dairy ingredients market asserting that the global market for dairy ingredients is anticipated to expand significantly during the forecast period.
The dairy ingredients have a wide range of application in supplementary and ready-to-use foods. The increasing demand for dairy ingredients in protein bars and nutrition bars manufacturing companies, processed food manufacturing companies, confectionaries, and rise in consumption of dairy ingredients as a primary source of protein are driving the global dairy ingredients market towards higher verticals.
The rapid rise in population and increasing awareness towards leading a healthy lifestyle are fueling the expansion of the global dairy ingredients market. Other factors that are positively impacting on the growth of the global dairy ingredients market are increasing disposable incomes in developing and developed regions, support from the government for incorporation of proteins in food and beverages in various regions of the world and rise in expenditure on high-quality foods and beverages. The increasing investment by the manufacturers in the global dairy ingredients market for new product launch is impacting positively on the growth of the global dairy ingredients market.
However, the availability of low-cost soy proteins and other alternatives such as plant proteins are likely to act as restraints on the expansion of the global dairy ingredients market during the forecast period.
Global Dairy Ingredients Market: Segmental Analysis
The global dairy ingredients market has been segmented on the basis of type, dietary specialty and application. Based on type, the dairy ingredients market is segmented into whole milk derivatives, skim milk derivatives, whey protein concentrates & isolates, milk protein concentrates & isolates, caseins & caseinates, and others. Among these, the milk protein concentrates and isolates segment is anticipated to project the fastest growth in the global dairy ingredients market during the forecast period.
Based on dietary specialty, the dairy ingredients market is segmented into gluten-free, dairy- free, vegan and others.
Based on application, the dairy ingredients market is segmented into bakery products, chocolate products, non-alcoholic beverages, dairy processing, baby food & beverages, functional food and others.
Global Dairy Ingredients Market: Regional Analysis
The market for dairy ingredients has been geographically segmented into four major regions such as North America, Europe, Asia Pacific (APAC), and the rest of the world. The increasing demand for protein supplements and rise increased utilization of dairy ingredients in processed food manufacturing companies are driving the dairy ingredients market in the North America region.
The Asia Pacific region is anticipated to project remarkable growth in the global dairy ingredients industry owing to the rise in awareness regarding the benefits of a protein-rich diet and increase in disposable income in this region. The dairy ingredients market in the Europe region is expanding significantly due to the presence of prominent players of the global dairy ingredients market and increased use of dairy ingredients in the production of dietary supplements in this region.
Global Dairy Ingredients Market: Competitive Analysis
The prominent players of the global dairy ingredients market are focusing on the introduction of innovative products in order to hold a leading position in the highly competitive environment of the global dairy ingredient market. The strategic mergers and acquisitions of the players in the global market are leading to the expansion of the dairy ingredients market on the global level.
In March 2018, CoreFX Ingredients, one of the leading manufacturers of custom dry dairy, lipid ingredients and cheese, has partnered with Stauber USA, one of the key distributors of quality ingredients to food and nutrition, pharmaceutical, cosmetic, and pet care industries in order to provide the customers with innovative and service driven ingredients solutions.
Some of the major players of the global dairy ingredients market are AgMotion Dairy, Cargill, Alamfoods Inc., Arla Foods, APS BioGroup, BelGioioso Cheese Inc, Cayuga Milk Ingredients, Carbery Group, Brewster Cheese Company and Concord Food.
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