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Dairy Ingredients Market by Type, Application, Livestock, Form, and Region - Global Forecast to 2026

03-07-2022 01:43 PM CET | IT, New Media & Software

Press release from: DeepResearchReports

Dairy Ingredients Market by Type, Application, Livestock,

"The dairy ingredients market is projected to grow at a CAGR of 7.2% from 2020 to 2026."

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.

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"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.

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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)

Corporate Headquarters
Tower B5, office 101,
Magarpatta SEZ,
Hadapsar, Pune-411013, India

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