WASHINGTON, March 21, 2022 (GLOBE NEWSWIRE) -- According to a new market research report " Dairy Ingredients Market Size, Share & Trends Analysis Report by Product Outlook (Skimmed Milk Powder (SMP), Whole Milk Powder (WMP), Buttermilk Powder, Cream Powder), by Livestock (Cows, Other livestock (Buffaloes, goats, sheep, and camels), by Application (Bakery & confectionery, Dairy products, Sports nutrition products, Infant formulas), by Form (Dry, Liquid), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)", published by Vantage Market Research, the global post COVID-19 market size of the Dairy Ingredients Market is expected to grow from USD 62.80 Million in 2021 to USD 93.72 Million by 2028 at a CAGR of 6.90% during the forecast period.
Synopsis:
Dairy Ingredients Market are mainly extracted from milk, these ingredients provide nutritional and health benefits along with various flavors and properties which is driving the growth of the dairy ingredient market during the forecast period. Dairy Ingredients Market are used as constituents in many foods, as they include pleasant texture, unique flavor, and excellent nutritional values. Growth in the consumption of functional and ready-to-eat foods, and increasing awareness among consumers on healthy eating are the major factor driving the growth of the dairy ingredient market in the upcoming years. Furthermore, different properties of Dairy Ingredients Market are used for various applications in the food and beverage industry, which is increasing the demand for Dairy Ingredients Market among manufacturers which is boosting the growth of the dairy ingredient market during the forecast period. Moreover, Dairy Ingredients Market are known to hold various nutritional characteristics which makes them popular among the consumers which is the major factor responsible for the growth of the dairy ingredient market in the upcoming years. The growth in the investments from leading businesses operating in the Dairy Ingredients Market, rise in the disposable income in the developing nations, and rising advancement in supply chain management is increasing the scope of the dairy ingredient during the forecast period.
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Key Insights & Findings from the Report:
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According to our primary respondents’ research, the Dairy Ingredients market is predicted to grow at a CAGR of roughly 6.90% during the forecast period.
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The Dairy Ingredients market was estimated to be worth roughly USD 62.80 Million in 2021 and is expected to reach USD 93.72 Million by 2028; based on primary research.
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On the basis of region, Asia-Pacific is projected to dominate the worldwide Dairy Ingredients market.
List of prominent players in the Global Dairy Ingredients Market
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Friesl and Campina (The Netherlands)
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Groupe Lactalis (France)
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Arla Foods (Denmark)
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Saputo (Canada)
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Fonterra Co-operative Group (New Zealand)
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Dairy Farmers of America (US)
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Kerry Group (Ireland)
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Ornua (Ireland)
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AMCO Proteins (US)
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Prolactal (Austria)
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Valio (Finland)
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Glanbia (Ireland)
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Hoogwegt Group (The Netherlands)
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Batory Foods (US) and Ingredia SA (France)
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Market Dynamics
Drivers:
Increasing awareness of health and wellness among people is the important factor that is driving the growth of the Dairy Ingredients Market during the forecast period. The ingredients of dairy products in the form of milk powder are supporting in the preparation of infant products as they offer high thermal stability which is the other factor driving the growth of the dairy ingredient market in the upcoming years. Increasing application in the nutrition and convenience food industry and growth in dairy product production is projected to increase the demand for Dairy Ingredients Market in the years to come. The growth in technological advancement in order to enhance the efficiency of the production of Dairy Ingredients Market is fueling the growth of the Dairy Ingredients Market during the forecast period.
Challenges:
High capital investment in the manufacturing of Dairy Ingredients Market is the major challenge in the Dairy Ingredients Market. The adulteration of dairy products creates a challenge to manufacture quality ingredients which hinders the growth of the Dairy Ingredients Market during the forecast period. Increasing incidences of lactose intolerance and allergies are the other major challenging factor in the Dairy Ingredients Market in the upcoming years.
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Regional Trends:
In 2021, Asia Pacific region holds the largest share of the Dairy Ingredients Market during the forecast period. A large amount of milk is produced in the country, which provides the potential for the Dairy Ingredients Market to grow in the upcoming years. The hectic daily routines lead to having a focus on consumer's health which results in extreme work-outs and increases consumer dependence on protein supplements is increasing the demand for Dairy Ingredients Market in the upcoming years. Moreover, Dairy Ingredients Market are being consumed for weight loss and muscle gain along with maximum nutrition and nourishment which is fueling the growth of Dairy Ingredients Market during the forecast period.
Recent Developments:
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In 2021, Arla food ingredients launched a new production plant in Denmark. The plant capacity is to produce 4,000 tons of high-quality whey and casein hydrolysate each year.
The report on the Global Dairy Ingredient Market highlights:
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Assessment of the market
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Premium Insights
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Competitive Landscape
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COVID Impact Analysis
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Historic Data, Estimates, and Forecast
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Company Profiles
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Global and Regional Dynamics
Browse market data Tables and Figures spread through 135 Pages and in-depth TOC on "Dairy Ingredients Market Size, Share & Trends Analysis Report by Product Outlook (Skimmed Milk Powder (SMP), Whole Milk Powder (WMP), Buttermilk Powder, Cream Powder), by Livestock (Cows, Other livestock (Buffaloes, goats, sheep, and camels)), by Application (Bakery & confectionery, Dairy products, Sports nutrition products, Infant formulas), by Form (Dry, Liquid), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/dairy-ingredients-market-market-251766
Key questions answered in the report:
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Which regional market will show the highest and rapid growth?
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Which are the top five players of the Dairy Ingredients Market?
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How will the Dairy Ingredients Market change in the upcoming six years?
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Which application and product will take a lion’s share of the Dairy Ingredients Market?
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What is the Dairy Ingredients market drivers and restrictions?
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What will be the CAGR and size of the Dairy Ingredients Market throughout the forecast period?
This market titled “Global Dairy Ingredients Market” will cover exclusive information in terms of Geographic Segmentation, Forecast, Regional Analysis, Key Market Trends, and various others as mentioned below:
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Parameter |
Details |
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Market Size in 2021 |
USD 62.80 Million |
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Projected Market Size in 2028 |
USD 93.72 Million |
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CAGR Growth Rate |
CAGR of 6.90% From 2022 – 2028 |
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Market Size Provided for Years |
2016-2028 |
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Base Year |
2021 |
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Historic Years |
2016-2020 |
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Forecast Years |
2022-2028 |
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Segments Covered |
• Product Outlook o Skimmed Milk Powder (SMP) o Whole Milk Powder (WMP) o Buttermilk Powder o Cream Powder o Blenders & Replacers o Rolled Dried Powder o Fat-filled Powder o Permeate Powder/Dried Permeate o Lactose & Derivatives o Casein & Caseinate o MPC & MPI o Whey Ingredients • Livestock o Cows o Other livestock (Buffaloes, goats, sheep, and camels) • Application o Bakery & confectionery o Dairy products o Sports nutrition products o Infant formulas o Other applications (Convenience food, beverages, meat, poultry & seafood, and other processed food) • Form o Dry o Liquid |
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Region & Counties Covered |
• North America o U.S. o Canada o Mexico • Europe o U.K o France o Germany o Italy o Spain o Rest Of Europe • Asia Pacific o China o Japan o India o South Korea o South East Asia o Rest Of Asia Pacific • Latin America o Brazil o Argentina o Rest Of Latin America • Middle East & Africa o GCC Countries o South Africa o Rest Of Middle East & Africa |
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Companies Covered |
• Friesl and Campina (The Netherlands) • Groupe Lactalis (France) • Arla Foods (Denmark) • Saputo (Canada) • Fonterra Co-operative Group (New Zealand) • Dairy Farmers of America (US) • Kerry Group (Ireland) • Ornua (Ireland) • AMCO Proteins (US) • Prolactal (Austria) • Valio (Finland) • Glanbia (Ireland) • Hoogwegt Group (The Netherlands) • Batory Foods (US) and Ingredia SA (France) |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
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