Dairy Ingredients Market By Source (Milk, Whey), By Type (Milk Powder, Whey Ingredients, MPC, MPI, Lactose & Its Derivatives, Casein & Caseinate, Milk Protein Hydrolysates, Other Dairy Ingredients), By Application (Bakery & Confectionery, Dairy Products, Convenience food, Infant Milk Formula, Sports & Clinical Nutrition, Other Food Products) - Growth, Future Prospects, Competitive Analysis And Forecast, 2016 - 2023

Dairy ingredients are made from milk and find application in chocolates, bakery products, ice creams, sports food, prepared food products, ready-to-eat food products to name a few. Dairy ingredients are basically used for flavor and texture enhancement offering viscosity, gel formation, emulsification and fat holding properties of the particular food and beverage product. Dairy ingredients types include milk, whey and permeate. Milk is essential component of human diet and thus has wide acceptance among consumers. Milk is dried and preserved in the form of powder, owing to its benefits of having increased shelf-life and low moisture content, which is known as dried form of milk. Other types of milk derived dairy ingredients include casein and caseinate, milk protein concentrate, milk protein isolate, and others. Whey ingredients are classified as whey protein isolate, whey protein concentrates, and others. Depending upon the application, dairy ingredients types are used in the final product.

International and domestic trade barriers have resulted in complex system for dairy industry worldwide in combination with price constraints in some of the major dairy markets such as European Union, United Sates, Japan and Canada. As compared to all these barriers, dairy industry offers wide potential especially in Asia Pacific, wherein factors such as urbanization, income growth, government plans and policies supporting dairy industry, inclination of consumers towards milk and milk products are bolstering dairy ingredients market growth. Growing dairy industry is thus supporting the demand for dairy ingredients especially in the dairy food products globally. However, price is a key concern among dairy ingredient manufacturers, which hinders overall dairy ingredients market growth.

Globally, dairy ingredients market in Asia Pacific is expected to be largest in terms of value followed by Europe and North America. Asia Pacific is further anticipated to exhibit fastest CAGR during the forecast period, which is attributed to growing food and beverage industry in China and India leading towards demand for dairy ingredients coupled product launches catering to the dairy food products especially in China and India. However, demand for dairy ingredients is expected to record moderate growth in Latin America, owing to increased consumption along with growing imports and exports of milk in Brazil, thereby leading towards subsequent demand for dairy ingredients in the region.

Global dairy ingredients market is expected to be valued at US$ 48.6 Bn by the end of 2016 and is projected to expand at a CAGR 5.4% during the forecast period 2016-2023.

Dairy Ingredients Market

Purpose of the Report

The purpose of this strategic research study titled “Global Dairy Ingredients Market- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global dairy ingredients market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Dairy ingredients manufacturers
  • Oil & Gas exploration and production companies
  • Downstream & Midstream Companies
  • Research Institutes

USP and Key Offerings

The report titled “Global Dairy ingredients Market- Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” offers strategic insights into the dairy ingredients market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on fuel type and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading dairy ingredients manufacturers, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to validate the forthcoming attractive markets within chemicals and materials industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 3-Year market size data (2013 – 2015)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global dairy ingredients market growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.

The global dairy ingredients market can be categorized on the basis of application as:

  • Bakery & Confectionery
  • Dairy Products
  • Convenience food
  • Infant Milk Formula
  • Sports & Clinical Nutrition
  • Other Food Products

Dairy Ingredients Market

Dairy ingredients are used in various food products including ice creams, chocolate, toppings, dietetic, infant formula, clinical nutrition, snacks, porkmeat, ready-to-eat, prepared deserts and soups. Among the different applications undertaken in the report scope, dairy food products segment accounted for around 40% of the total market share and are expected to remain dominant during the forecast period. Globally, dairy ingredients application in dairy food products is anticipated to gain traction and is predicted to record significant growth during the forecast period. Food products that help in weight management, wellbeing, more minerals, antioxidants, and more nutritional content delivery are gaining significant traction among consumers. This has further led dairy food manufacturers to develop technically advanced products to suit the consumer demand and thus, development of technically advance ingredients. Dairy ingredients offer nutrients that are essential for maintenance of good health, which is expected to increase application of dairy ingredients in food products, thus fuelling the market growth. Owing to increasing demand for food products offering active ingredients, improved digestion, vitamins and minerals content, fortify bones, improve health and boost immunity throughout different stages of life, especially during infant and child nutrition is witnessing surge among consumers. Thus, leading towards development of such ingredients by manufacturers in the food products.

On the basis of geography, the global dairy ingredients market is segmented as per following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

In 2015, Europe was the leading market followed by Asia Pacific. Both these regions together accounted for around 70% share of the market in terms of value. However, growth is projected to be fastest from the Asia Pacific region during the forecast period 2016 to 2023. Dairy ingredients market growth in Asia Pacific is attributed to increasing consumer inclination towards health maintenance and adoption of dairy ingredients in regular diet of people of all age groups. Furthermore, growing popularity of food products rich in protein and benefits associated with consumption of dairy ingredients primarily through dairy food products is fuelling market growth. The market for dairy ingredients in Latin America is anticipated to record significant growth, followed by North America. Brazil and Argentina serve as potential markets for companies operating in the dairy ingredients market in Latin America. The market for dairy ingredients in Middle East and Africa is projected to grow at a steady rate during the forecast period.

Dairy Ingredients Market
 

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Published Date:  Dec 2016
Category:  Food & Beverage
Report ID:   58281
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
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