ID: 2464 | July 2017 | Region: Global
The Dairy Ingredients Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Dairy Ingredients Market is estimated to be USD 48 billion in 2016 and predicted to rise to USD 63 billion by 2021 with a CAGR of 5.56%. The market is segmented by Form (Milk, Whey), by Type (Milk Powder, Whey Ingredients, Milk Protein Concentrates, Milk Protein Isolates, Lactose & Derivatives, Casein & Caseinates, Milk Protein Hydrolysates), by Application (Bakery & Confectionery, Dairy Products, Convenience Foods, Infant Milk Formula, Sports & Clinical Nutrition). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market is showing a huge potential in the upcoming years according to the current market trends. The factors responsible for its potential are people’s awareness regarding health and wellness, increase in applications in sectors like nutrition, increase in dairy production, rise in demand for bakery products as well as the emerging markets in various regions across the world. The restraints faced by the market include, alternatives like plant protein, increasing incidences of problems like lactose intolerance and allergies and also the adulteration in dairy products.
The global dairy ingredients market is segmented on the basis of form, type and application. Based on segmentation by type, the whey powder and whey protein concentrates dominate the market share and are the fastest growing segment as well. Similarly, based on application, dairy products segment leads the market share. Lastly, based on form the market share is led by the Milk sub segment.
According to the segmentation by geography, the market is analyzed under various regions across globe. Among these, Asia-Pacific region dominates the market share with almost half of the total share, followed by Europe and Rest of the world. Asia-Pacific is also expected to be the fastest growing market, while Europe market is expected to remain stagnant for the next few years.
The companies covered in the report include, Frieslandcampina, Dairy Farmers of America, Fonterra Co-Operative Group Limited, Arla Foods, Euroserum, Glanbia PLC, Groupe Lactalis, Devondale Murray Goulburn, Saputo Inc., Volac International Limited.
Browse through the full report at http://www.marketdataforecast.com/market-reports/global-dairy-ingredients-market-2458/ and checkout our recent reports in the Ingredients category at http://www.marketdataforecast.com/research-reports/healthcare/food-ingredients-10/. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.
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