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Dairy Ingredients Market Current Scenario 2020 | Size, Share, Trend, Comprehensive Research Study, Global Analysis, Product Category and Business Opportunity by Forecast to 2023
Dairy Ingredients Market
Dairy ingredients include a wide range of products including milk powder, whey ingredients, and other major products with potential application as functional ingredients. Dairy Ingredients Market are high in protein value and help in providing balanced nutrition to consumers. They have diverse application in various industries and see immense growth, majorly in the baby food and infant formula sector.
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Increasing obesity among consumers has increased health consciousness, which further influences the high growth of this market. Increasing health awareness, coupled with rising demand for healthy ingredients with application in food and beverages, is supporting the growth of dairy ingredients market, globally. Rising demand for baby food and infant formula for balanced child nutrition is also adding fuel to the market growth. Additionally, increased preference for dairy products has surged the demand for dairy ingredients in the global market.
Segments
Dairy ingredients are segmented by type, which includes milk powder, whey ingredients, protein ingredients, milk protein isolates, casein and caseinates, lactose and its derivatives, and others. Among all, milk powder is dominating this segment, followed by whey ingredients. High application of these ingredients in baby food & infant formula and sports & clinical nutrition is supporting the high market share of these in the global market.
By application, the market is segmented into dairy and frozen desserts, bakery & confectionery, convenience foods, baby food & infant milk formula, sports & clinical nutrition, and others. The bakery & confectionery based application of dairy ingredients is dominating the market. However, baby food and infant formula-based application is projected to witness a high growth owing to the rising demand for baby nutrition across the world.
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Regional Analysis
The global dairy ingredients market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Europe is dominating the dairy ingredients market followed by North America. The U.K and Germany are the leading consumers of dairy ingredients owing to increasing awareness about the health advantages of consuming dairy ingredients. Additionally, high demand for low-calorie and high protein foods is considered to be the key driving factor in this region.
Key Players
Some of the key players profiled in the global dairy ingredients market: Cargill (U.S.), Fonterra Co-operative Group (New Zealand), Friesland Campina (The Netherlands), Dairy Farmers of America (U.S.), Glanbia Plc. (Ireland), Groupe Lactalis (Germany), and Arla Foods. (Denmark), among others.
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