November 05, 2019
According to the latest study titled ‘Global Dairy Ingredients Market: Analysis By Type (Milk Powder, Milk Protein, Whey Ingredients, Casein and Caseinates, Lactose and Derivatives), By Source, By Production Method, By Application, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) -- By Source (Whey Based, Milk Based), By Production Method (Membrane Separation, Traditional Method), By Application (Dairy Products, Bakery and Confectionery Products, Infant Milk Formula, Sports and Nutrition, Others)’ available with Market Study Report LLC, the global dairy ingredients market is estimated to grow with a CAGR of 4.37% through 2024.
Dairy ingredients are obtained from dairy products that gives texture and flavor to food. Increasing number of health-conscious consumers, growing retail and e-commerce market, and developing logistics facilities have been driving the growth of dairy ingredients market.
In addition, the rising demand for customized dairy ingredients, growing consumption of sports nutrition products, and increase in the size and wealth of emerging middle-class consumers are also predicted to fuel the market growth in forecast period.
The study examines the market for revenue shares of each segment and offers growth value. It identifies and analyses the emerging trends along with drivers, challenges and growth opportunities influencing dairy ingredients market.
Based on product type, the dairy ingredients market is segmented into membrane separation method, and traditional method. While speaking about source type, the industry is divided into whey based, and milk based. Based on type of dairy ingredients, the dairy ingredients market is split into powders, casein and caseinates, milk proteins, whey ingredients, lactose and derivatives and others. Whereas coming to application spectrum, the industry is divided into dairy products, infant milk formula, bakery and confectionery products, sports and nutrition.
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Considering the geographical landscape, the dairy ingredients market is fragmented into four major regions, namely, Europe, North America, APAC, and rest of the world.
Some of the vendors that operate in dairy ingredients market are Glanbia Plc., Saputo Inc., Fonterra Co-Operative Group Limited, Dairy Farmers of America, Arla Food, Friesland Campina, Euroserum, Hoogwegt Gro, Kanegrade, and Volac International.
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