Global Dairy Ingredient Market Set For Rapid Growth, To Reach USD 73.74 Billion By 2024

Zion Market Research has published a new report titled “Dairy Ingredient Market by Type (Lactose & Its Derivatives, Milk Powder, Milk Protein Hydrolysates, Milk Protein Concentrates, Casein & Caseinates, Whey Ingredients, Milk Protein Isolates, And Others) Source (Milk And Whey) By Application (Convenience Foods, Sports & Clinical Nutrition, Bakery & Confectionery Sources, Infant Milk Formula, And Dairy Sources): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2017 – 2024” According to the report, the global dairy ingredient market was valued at around USD 50.32 billion in 2017 and is expected to reach approximately USD 73.74 billion by 2024, growing at a CAGR of around 6.0% between 2018 and 2024.

Milk-based ingredients are used as components in many food products. They have a unique flavor, pleasant texture, and exceptional nutritive value. In many instances, dairy ingredients offer a consumer-friendly label on packaged foods. Moreover, these ingredients have a number of characteristics such as whey protein concentrate and isolates have gelling properties and also helps to absorb water content; caseinates have the ability to emulsify and stabilization; lactose helps in the browning during the heating process. Despite it, lactose has crystallization property and also has a hydrolytic activity of the lactase enzyme, which is very important for the frozen and confectionary products. Therefore, a food manufacturer can choose a suitable dairy-based ingredient to ensure the quality of the food. Awareness of the functional properties of dairy ingredients allows food technologists to exploit their potential input to product characteristics to meet consumer expectations. 

Browse the full "Dairy Ingredient Market by Type (Lactose & Its Derivatives, Milk Powder, Milk Protein Hydrolysates, Milk Protein Concentrates, Casein & Caseinates, Whey Ingredients, Milk Protein Isolates, And Others) Source (Milk And Whey) By Application (Convenience Foods, Sports & Clinical Nutrition, Bakery & Confectionery Sources, Infant Milk Formula, And Dairy Sources): Global Industry Perspective, Comprehensive Analysis And Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/dairy-ingredients-market 

As of now, increasing consumption of protein fortified food products by people to supplement their protein requirements is expected to have a positive impact on the global dairy ingredient market growth. Rising demand for dairy ingredients has resulted in the increase of new food product and division launches, which is likely to boost the overall market growth during the forecast period. For instance, on 27th March 2018, French dairy co-operative Laita and its subsidiary Epi Ingredients launched a new nutrition division – ESI Nutrition. On the other hand, French-based dairy company Danone introduced five new products in its product-line named –Icelandic skyr, Laban, Ayran, Lassi, and Straggisto. These five products are rich in high protein with low-fat content and are available in five different countries including India, Turkey, Greece, and Lebanon. Besides, regulatory support in the implementation of whey protein in food & beverage by FDA, the U.S., and the U.K. government will have a significant impact on the market growth during the forecast period. 

Based on the type, the global market is divided into milk powder, lactose & its derivatives, milk protein isolates, whey ingredients, milk protein concentrates, milk protein hydrolysates, casein & caseinates, and others. Among which, milk powder is expected to attain the largest market share value during the forecast period owing to its less moisture content, which helps to improve shelf-life of the product. By source, milk is projected to attain significant market share over the forecast period.

Based on application, the market is categorized into convenience foods, sports & clinical nutrition, bakery & confectionery sources, infant milk formula, and dairy sources. Among which, sports & clinical nutrition is anticipated to gain the largest market share during the forecast period. Growing importance of wellness and healthy lifestyle is a key driving factor for the market growth.

The Asia Pacific is the fastest growing region in the current global market owing to the large production and consumption of milk & milk products. In addition, Europe, and North America are projected to attain substantial growth during the forecast period.

The report also includes detailed profiles of key players such as Dairy Ingredients Inc., Fonterra Cooperative Group Limited, Friesland Campina, Dairy Farmers of America, Aurivo Dairy Ingredients, Glanbia Plc, and Arla Foods. The detailed description of players includes parameters such as company overview, financial overview, business strategies, and recent developments of the company.

This report segments the global dairy ingredient market as follows:

Global Dairy Ingredient Market: Type Segment Analysis

• Lactose & Its Derivatives
• Milk Powder
• Milk Protein Hydrolysates
• Milk Protein Concentrates
• Casein & Caseinates
• Whey Ingredients
• Milk Protein Isolates 
• Others 

Global Dairy Ingredient Market: Source Segment Analysis

• Whey
• Milk

Global Dairy Ingredient Market: Application Segment Analysis

• Convenience Food
• Sports & Clinical Nutrition
• Bakery & Confectionery Sources
• Infant Milk Formula
• Dairy Sources 

Global Dairy Ingredient Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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