Dairy Ingredients Global Market – Overview
Increased demand for protein foods especially milk-derived is having a positive impact on the Dairy Ingredients Market. Advancements in dairy processing technologies, availability of various dairy products and changing consumption patterns also have triggered a positive growth in the market.
The dairy ingredients market is driven by factors such as increase in the demand for convenience foods and confectionery industry. Increase in sedentary adult population compelling for protein rich diet mainly milk derived products is driving higher demand for dairy ingredients. Among the dairy ingredients, the milk powder segment is projected to grow at the highest rate in the global dairy ingredients market. Robust demand for traditional milk based products will continue to support dairy ingredients market backed by growing demand from the downstream markets including bakery products, chocolate products, non-alcoholic beverages, dairy processing, baby food & beverages, functional food and others.
Cargill, AgMotion Dairy, Alamfoods Inc., APS BioGroup, Arla Foods, BelGioioso Cheese Inc, Brewster Cheese Company, Carbery Group, Cayuga Milk Ingredients, and Concord Food are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Dairy Ingredients Market.
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Dairy Ingredients Global Market – Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Dairy Ingredients appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, Technology and services. Vendors operating in the Dairy Ingredients Market strive to deliver the best quality products and services based on innovative technologies, and best practices. Dairy Ingredients market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Marketers utilize advent technologies for each process from Pilot Plant Services to quality check. They make substantial investments R&D projects and product functionality testing.
These Key Players build strong strategic partnerships with growers and processors around the World, providing access to ingredients from every corner of the globe. These Vendors can create bespoke ingredients to meet the project aims such as adapting mouth feel, enhancing nutrition and optimising cost. Some of the established vendors also provide in house technical advice support, a team of food scientists that guides about shelf life, stability, particle size, organic accreditation, acidity level, extraction process, dietary consideration or any one of hundreds of criteria which are relevant to the supplied ingredients and important for the customer or end user.
Dairy Ingredients Global Market – Synopsis
The market for dairy ingredients is projected to witness an increasing trend in the upcoming years due to the growing awareness about the health benefits of nutritional food products, and increasing production in countries such as the U.S., India, and China. The increasing demand for healthy and diversified food and the growing convenience food & beverage industry support the growth of the dairy ingredients market, along with growing income levels and disposable income, especially in the Asia-Pacific region.
The major drivers of the market are increasing awareness towards health & wellness, growth in application sectors, and R&D and innovations to expand applicability & accelerate growth. Additionally, increase in sedentary lifestyle, along with consumer preference for nutrient rich diet are projected to augment the overall growth of the market. The major restraining factor includes alternatives such as plant protein may restraint the market growth. Easy availability and low cost of soy protein is further projected to hamper the overall growth of the dairy ingredients market. Rising incidences of lactose intolerance and milk allergies is also projected to pose a challenge to the growing dairy ingredients market.
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Dairy Ingredients Global Market – Regional Analysis
Asia-Pacific is the largest diary ingredients market followed by Europe and North America. Milk protein concentrates & milk protein isolates have high growth prospects due to increasing sports activities globally as they have high usage as sports supplements. Whey proteins contain glutamine which helps muscle glycogen replenishment and prevent decline in immune function from overtraining. It also contains high levels of arginine and lysine that may stimulate growth hormone release and an increase in muscle mass. Consumers are increasingly becoming more active on maintaining a good health and are conscious to include various dairy ingredients in their regular diet.
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