Dairy Ingredients Market Driving Factors and Future Trends 2025

The dairy ingredients market is estimated to account for a value of USD 53.8 billion in 2019 and is projected to grow at a CAGR of 7.1% from 2019, to reach a value of USD 81.4 billion by 2025. The increasing consumption of convenience food, rise in health consciousness, and multifunctionality of dairy ingredients (leading to their wide applications) drive the growth of the dairy ingredients industry.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=974

By livestock, the cows segment is projected to dominate the dairy ingredients market during the forecast period.

By livestock, the cows segment is projected to account for a larger share in the dairy ingredients market during the forecast period. This is due to the large population of cows, globally, which leads to increased milk production. The other livestock-based dairy ingredients are highly region-specific, and hence, the market is limited globally. Also, the extraction of dairy ingredients from cow milk is comparatively easier and cheaper than from other sources.

By application, the bakery & confectionery segment is projected to dominate the dairy ingredients market during the forecast period.

Based on application, the bakery & confectionery segment is estimated to account for the largest share in 2019. This dominance is the result of the multiple applications of dairy ingredients in the bakery industry. Milk powders are primarily used in the bakery industry, as they offer many textural and functional properties due to which they are used as a milk substitute. Also, because of the increased shelf life of these products, along with less shelf space requirements, they are majorly preferred over fresh milk by many bakery products manufacturers .

The increasing demand for dairy ingredients in Asia Pacific is driving the growth of the dairy ingredients market.

The rise in the population and inclination toward the healthy lifestyle among the people in Asia Pacific have created the demand for functional and fortified foods in the region. Also, development in the economies and increase in disposable income have led the consumers to invest in health-related products and services. These factors have been driving the dairy ingredients market in the region.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=974

Key players in this market include 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), Agropur (Canada), and Euroserum (France).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.