Dairy ingredients market is anticipated to grow at a CAGR of 4.5% during the forecast period. The growing demand for functional food among consumers is expected to drive the market growth during the forecast period. Functional foods contains extra nutrition beyond basic that may have a positive effect on health. Further, these foods can support optimal health and decreases the risk of disease. For instance, in December 2020, Nestle launched functional food supporting mobility during aging consisting of a unique combination of ingredients supporting the three pillars of mobility bone health, muscle strength, and joint functionality. In addition, the powdered beverage under the YIYANG Active brand has also been clinically proven to enhance mobility during aging and it is the first Nestle product with functional food approval in China.
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The global dairy ingredients market is segmented based on type, form, and application. Based on the type segment, the market is sub-segmented into milk powder, whey protein, milk protein, third-party generations, caseins, and others. Based on the form segment, the market is bifurcated into dry/powder and liquid. Based on the application, the market is further augmented into infant formulas, sports nutrition, dairy products, bakery and confectionery, and others. Among these, the dry/powder sub-segment is expected to grow at a substantial CAGR during the forecast period. Dry dairy ingredients are manufactured from either milk or whey. Milk and by-products of milk production are often dried to reduce weight, aid in shipping, extend shelf life, and provide a more useful form as an ingredient for other foods. The transportation cost and storage cost are also lower compared to liquid-based dairy ingredients which result in the cost reduction of the final product and are highly preferable by manufacturers and consumers.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Dairy Ingredients Market Report Segment
By Type
- Milk Powder
- Whey Protein
- Milk Protein
- Third-Party Generations
- Casein
- Others
By Form
- Dry/Powder
- Liquid
By Application
- Infant Formulas
- Sports Nutrition
- Dairy Products
- Bakery & Confectionary
- Others
Global Dairy Ingredients Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global dairy ingredients market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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