Dairy Ingredients Market Size and Export, Import Analysis 2018-2024

San Francisco, 30 November 2018 - According to a report by Grand View Research, Inc., global dairy ingredients market is anticipated to value USD 86.97 billion by 2024. Growing requirement for nutritional enrichment in food and beverages to maintain healthy lifestyle is anticipated to propel demand for dairy ingredients. Rising consumption of protein fortified functional food products is also fueling market growth. High demand for protein supplements in food items has resulted in development of new and innovative products. This, in turn, can augment growth of the global market over next few years.

Increasing use of diary ingredients in infant products for providing high heat stability, low microbiological levels, and facilitation of long processing runs during production can stimulate market growth. Supportive regulations by various regional governments regarding the use of dairy ingredients in food and drinks can also augment growth of the market during the forecast period (from 2016 to 2024). To cater to rising demand for dairy ingredients, most companies invest in R&D activities to develop advanced products. For instance, Kellogg recently launched fruit and oats harvest bars.

U.S. dairy ingredients market volume, by application, 2013 - 2024 (Kilo Tons)
dairy ingredients market

Containing fruit and whole grains, these bars come in two flavors including country strawberry and blueberry bliss. These bars contain 4 grams of protein and 5 grams of fiber with less than 200 calories per bar. The dairy ingredients market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into buttermilk powder, cream powder, blenders and replacers, Skimmed Milk Powder (SMP), Whole Milk Powder (WMP), rolled dried powder, fat-filled powder, permeate powder/dried permeate, lactose and derivatives, casein and caseinate, MPC and MPI, and whey ingredients.

In 2015, SMP accounted for 23.3% of volume share. It is predicted to witness growth as SMP helps increase the shelf life of end-products due to less moisture content. Growing product demand in Ready-to-Use Foods (RUFs) or Fortified Blended Foods (FBFs) and therapeutic and supplementary foods owing to low fat and moisture content can also fuel the segment growth. The MPC and MPI segment is said to register a CAGR of 5.5 % from 2016 to 2024 attributed to high usage in baked goods, toppings, dairy-based dry mixes. They offer benefits, such as water binding, viscosity, and heat stability.

Based on application, the market can be classified into dairy products, convenience foods, infant milk formula, sports and clinical nutrition, bakery and confectionery, and others. In 2015, dairy products accounted for 38.5 % of the global volume. The segment is expected to witness significant growth due to rising demand for milk, yogurt, cream, ice cream, and lactose-free dairy products. Similarly, the chocolate segment is estimated to expand, in terms of volume, at CAGR of 4.3 % from 2016 to 2024. Rising consumption of chocolate owing to its stress relieving properties can fuel usage of milk powder.

Browse Research Report On Dairy Ingredients Market :
 www.grandviewresearch.com/industry-analysis/dairy-ingredients-market

Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA). In 2015, Asia Pacific led the market and accounted for 40.8 % of total volume. Regulatory efforts toward promoting investments in food & beverage sector of India and China can enhance the manufacturing capacity of sports nutrition and baked products. It is expected to remain a major driving factor for the market. The product demand in Europe was 3439.2 kilo tons in 2015. Increasing expenditure of sports of professionals and working individuals towards nutritional products in United Kingdom, France, Germany, and Russia for improving muscular strength can promote use of milk powder as functional ingredients.

In MEA, the market is expected to grow at CAGR of 3.1% from 2016 to 2024. Growing inclination of governments of countries including UAE, Saudi Arabia, and Qatar from upstream oil and gas sector for promoting investments in domestic food & beverage sector can create lucrative opportunities for market. Some of the leading companies in the global dairy ingredients market are Arla Foods; Volac International Ltd.; Dairy Farmers of America, Inc.; Fonterra Co-operative Group Ltd.; and Glanbia PLC.

View more reports of this category by Grand View Research at www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods Grand View Research has segmented the global dairy ingredients market by product, application and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
  • Skimmed Milk Powder (SMP)
  • Whole Milk Powder (WMP)
  • Buttermilk Powder
  • Cream Powder
  • Blenders & Replacers
  • Rolled Dried Powder
  • Fat-filled Powder
  • Permeate Powder/Dried Permeate
  • Lactose & Derivatives
  • Casein & Caseinate
  • MPC & MPI
  • Whey Ingredients
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
  • Bakery & Confectionery
    • Chocolate
    • Ice-Cream
    • Others
  • Dairy Products
    • Recombinant Milk
    • Others
  • Convenience Foods
  • Infant Milk Formula
  • Sports & Clinical Nutrition
  • Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • MEA
Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-dairy-ingredients-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

Matcha Market Is Anticipated to Attain Around $5.07 Billion By 2025

Image
San Francisco, 29 April 2019 – “ Matcha Market Analysis By Grade (Ceremonial, Classic, Culinary), By Application (Regular Tea, Matcha Beverages, Food, Personal Care), By Region, And Segment Forecasts, [2018 - 2025] ” The global matcha market is expected to reach USD 5.07 billion by 2025, according to a new report by Grand View Research, Inc. Rising prevalence of chronic diseases has augmented the demand for healthy and nutrient-rich food & beverage alternatives. Anti-oxidant and vitamin-rich composition of matcha tea has fueled the product demand across the globe. Anti-oxidants, including epigallocatechin gallate (EGCG), prevent diseases such as cancer, Type-2 diabetes, cardiovascular problems. EGCG present in the product can repair DNA damage caused by UV radiation and controls the proliferation of cancerous cells. The product also has the potential to reduce stress and promotes a state of relaxation. L-theanine present in the product acts in a synergistic way to activa...
Read more

Levulinic acid Market Strategy, Distributors & Manufacturing Cost Analysis Till 2020

Image
Global  levulinic acid market  demand was 2,606.2 tons in 2013 and is projected to be 3,820 tons by 2020. The increasing application of levulinic acid, especially in pesticides, solvents, pharmaceuticals, and cosmetics industries are anticipated to boost growth in the coming years. Over the past few years, the chemical industry has continually been striving towards attaining a sustainable growth, with a focus on the development of renewable biotechnological and bio-based products. The production technology for bio-based levulinic acid has been simplified by dehydration of biomass or carbohydrates with acid. Levulinic acid is being increasingly used as a substitute to its synthetic counterparts in industrial usage. Levulinic acid market volume share by application, 2013 The global levulinic acid market is anticipated to reach USD 19.65 million revenue, with a growing CAGR of 4.8% by 2020. Increasing usage of the acid in niche applications including plastics, nyl...
Read more

Endoscopy Devices Market Chances To Reach $17.19 Billion By 2025

Image
  The global  endoscopes market  size is expected to reach USD 17.19 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 8.8% during the forecast period. Growing global geriatric population, high prevalence of gastrointestinal diseases, and rising technological advancements are the key factors contributing to market growth. Rising preference for minimally invasive surgeries (MIS) is also positively influencing the growth of the market. Endoscopy surgeries are performed for diagnosis as well as treatment of gastrointestinal, gynecological, neurological, and cardiovascular diseases. Emergence of minimally invasive alternatives to open surgeries such as laparoscopy, hysteroscopy, and colonoscopy is boosting the demand for endoscopes. Preference of MIS is increasing owing to smaller incision, reduction in postoperative complications & mortality, and lesser trauma. Furthermore, they are economically viable alternatives to...
Read more