Dublin, Dec. 20, 2021 (GLOBE NEWSWIRE) -- The "Dairy Ingredients Market by Type (Proteins, Milk Powder, Milk Fat Concentrate, Lactose & Its Derivatives), Application (Infant Formulas, Sports Nutrition, Dairy Products and Bakery & Confectionery), Livestock, Form, and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global dairy ingredients market is estimated to be valued at USD 63.6 billion in 2021 and is projected to reach USD 89.9 billion by 2026, recording a CAGR of 7.2%.
Different properties of dairy ingredients are useful for various applications in the food & beverage industry, which is increasing their demand among manufacturers. Also, they are known to possess various nutritional characteristics, which makes them popular among consumers.
The milk powder segment is projected to be the largest segment in the dairy ingredients market during the forecast period.
An increase in the shift toward a healthy lifestyle has altered the food consumption habits among consumers. As a result, the demand for snacks and beverages options, which are indulging as well as nutritional, has been on the rise. Milk powder is used to provide texture, color, and flavor to food products. Milk powder provides enriched taste and texture to food products. It is used to provide mouth fill texture to food without being high on fat content.
The bakery & confectionery segment is the dominant one regarding applications of dairy ingredient.
Consumers are indulging in more healthy snacking habits now, which has so increased the demand for functional and fortified ingredients. Milk powder and whey concentrates find various applications in the bakery segment. They are used to provide texture and color to products. They are also used as browning agents for bread. They are used for increasing the richness of the bread and other related products. As a result of their low-fat content, they are popular among manufacturers.
Asia Pacific is estimated to account for the largest market share.
Currently, the Asia Pacific region is the dominating market for dairy ingredients; it is estimated to be the fastest-growing market in the coming years, as well. The high population and increase in the purchasing capacity have enabled consumers to demand functional and fortified food products. The low mortality rate and improved living standards have also enabled them to invest in health and health-related services more than before. This has increased the market for all kinds of nutritional and ready-to-eat food options.
Leading players profiled in this report
- FrieslandCampina (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 (USA)
- Ingredia SA (France)
Premium Insights
- Increasing Awareness About Health & Wellness and Growing Applications in Nutrition & Convenience Foods are Driving the Market for Dairy Ingredients
- Milk Powder Type Segment Dominated the Dairy Ingredients Market in 2020
- Asia-Pacific to Dominate the Dairy Ingredients Segment in 2020
- Cows Segment Dominated the Dairy Ingredients Market, by Livestock
- United States and China are the Major Market Share Holders in the Dairy Ingredients Market, by Region, in 2020
Companies Mentioned
- Royal Frieslandcampina N.V.
- Fonterra Co-Operative Group Limited
- Arla Foods
- Glanbia plc
- Kerry Group plc
- Dairy Farmers of America
- Groupe Lactalis
- Ornua
- Saputo Inc.
- Volac International Ltd.
- Epi Ingredients
- Prolactal
- Hoogwegt Group B.V.
- Batory Foods
- Valio
- Ingredia Sa
- Cayuga Dairy Ingredients
- Amco Proteins
- Valfoo
- Interfood
For more information about this report visit https://www.researchandmarkets.com/r/sf5g4u
