Global Functional Dairy Ingredient Market: In-depth Evaluation on Growth, Share, Size and Trends Until the End of 2028

Functional Dairy Ingredient Market Outlook

Fortified dairy products are now have shifted from a niche product segment to a mainstream product in the developed as well as in developing regions. This is attributed to increasing the consumption of functional food and beverages including functional dairy across the major urban conglomerations and tier 2 cities. This rise in demand for the functional dairy product is attributed towards the increase in demand for functional dairy ingredient over the near future. Functional dairy ingredient market has witnessed strong growth rates over past few years and is expected to continue the trend over the forecast period. The key manufacturers are involving with a robust approach by not only broadening its product portfolio but also revamping manufacturing units to carter the rapidly changing ingredient demand fueled by tailor-made functional dairy products for the consumers. The functional dairy ingredient market has an essence of large international player capturing a significant amount of the market share in the overall offering and key regional functional dairy ingredient players capturing specific offerings in their geographies. A shift in product offering is expected to witness with players offering blends or multi-functional dairy ingredient over the forecast period. Region wise Europe and the Asia Pacific to capture a significant amount of volume share in functional dairy ingredient market over the forecast period. Increasing consumption of functional food is directly attributed towards the growth of the functional dairy ingredient market, globally.

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Functional Dairy Ingredient Market: Reasons for Covering This Title

Increasing awareness in consumers for product composition and well-established dairy industry, globally to fuel functional dairy ingredient market over the forecast period. Increasing demand for functional food has been spiked up in last decade boosting growth to its analog markets such functional ingredient market making it a promising market to invest for the key manufacturers conducting business in the dairy ingredients sector. Advancement of functional dairy ingredient production has ease down the production process and has increase the yield of the final product using similar raw material input which has result in increase of new players, competitive pricing and formation of long-term partnership with consumer which is further expected to increase the demand for the functional dairy ingredient market over the forecast period.


Global Functional Dairy Ingredient Market: Segmentation

On the basis of nature, the global functional dairy ingredient market has been segmented as –

-Organic
-Conventional

On the basis of type, the global functional dairy ingredient market has been segmented as –

-Proteins & Amino Acids
-Vitamins
-Minerals
-Oils and Fatty acids
-Probiotics & Prebiotics
-Carotenoids
-Fibers
-Hydrocolloids
-Others Functional Dairy Ingredient

On the basis of end-use, the global functional dairy ingredient market has been segmented as –

Animal Based Dairy Products
Plant Based Dairy Products
On the basis of end-use, the global functional dairy ingredient market has been segmented as –

-Whole Milk
-Confectionery
-Yogurt
-Cheese
-Frozen Desert
-Ice Cream
-Baby Food
-Beverages
-Butters
-Other Functional Dairy Ingredient End-uses

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Global Functional Dairy Ingredient Market: Key Players


Some of the key players operating in the global functional dairy ingredient market are Angel Yeast Co., Ltd, Koninklijke DSM N.V, Glanbia Plc., Alra Ingredients, NZMP (Fonterra), Cargill Inc., Ganeden, Valio Oy, Ornua Co-op Limited, Lactalis Ingredients, Kerry Inc., FrieslandCampina International B.v, The Dow Chemical Company, Bunge Limited, E.I. du Pont de Nemours & Co, Chr. Hansen Holding A/S, Ingredion, BASF SE, Herbafood Ingredients Gmbh, Univar Inc., Archer Daniels Midland Co., Sensient Technologies Corporation, Alltech Inc., Ab Mauri, Ab Vista, and Lesaffre (Biospringer)

Opportunities for Functional Dairy Ingredient Market Participants

The opportunity for the participants in the global functional dairy ingredient market is optimistic with growing demand in Europe and the Asia Pacific where there is an increase production activity for infant food and other functional dairy products. With increasing per capita spending over food and beverage products, Asia Pacific is anticipated to witness the highest growth rate over the forecast period in functional dairy ingredient market as manufacturers in the region to ramp up production activity to feed the demand in the region. Europe to witness a robust growth rate owing to increase in export activity of functional dairy ingredient over the forecast period resulting rapid procurement of functional dairy ingredient in the region by the key players. Latin America functional dairy ingredient market is expected to witness substantial growth rates owing to the increase in number new functional food and beverage players in the region. North America functional dairy ingredient market is indicated to stay at its current pace with strong dynamics in terms of local consumption of dairy-based functional products to continue the growth of the market over the forecast period. New functional food players are expected to emerge in the Middle East and Africa region which is attributed to form a significant market for functional dairy ingredient over the forecast period.

Brief Approach to Research

A modeling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the key product types, sources, applications, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

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This release was published on openPR.