Press release
The Dairy Whitener Industry Is Expected To Surpass A CAGR Of 6% From 2021-2031
According to Fact.MR- a market research and competitive intelligence provider- the market for dairy whiteners witnessed a modest CAGR of 3%, backed by increased consumption of dairy alternatives. Their highly multifunctional nature has broadened usage scope across a variety of foods & beverages.During the COVID-19 pandemic, sales of dairy whiteners experienced a considerable incline, given the disruptions encountered in milk sales due to the imposition of stringent lockdowns. For instance, India experienced a 25% decline in milk consumption in March 2020, owing to closure of hotels, restaurants and roadside stalls. Hence, consumers began demand ready-to-drink milk-based beverages, which impelled dairy whitener sales.
Manufacturers of dairy whiteners are focusing on increasing the protein quotient in dairy whiteners. In addition, flavoured dairy whiteners are gaining popularity due to their usability factors as they can be used in different dishes. Thus, in the sales indicator period, the dairy whitener industry is expected to surpass a CAGR of 6% of by reaching US$ 18 Bn across the 2021-2031 forecast period.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:https://www.factmr.com/connectus/sample?flag=S&rep_id=144
๐๐ ๐๐ฒ๐บ๐ฎ๐ป๐ฑ ๐ณ๐ผ๐ฟ ๐ ๐ถ๐น๐ธ ๐ฃ๐ฟ๐ผ๐๐ฒ๐ถ๐ป ๐ฎ๐ป๐ฑ ๐ ๐ฒ๐ฑ๐ถ๐๐บ ๐๐ฎ๐ ๐ถ๐ป ๐๐ฎ๐ถ๐ฟ๐ ๐ช๐ต๐ถ๐๐ฒ๐ป๐ฒ๐ฟ๐ ๐ฃ๐๐๐ต๐ถ๐ป๐ด ๐ง๐ฒ๐ฐ๐ต๐ป๐ถ๐พ๐๐ฒ ๐๐ป๐ป๐ผ๐๐ฎ๐๐ถ๐ผ๐ป ๐ณ๐ผ๐ฟ ๐๐ฎ๐ถ๐ฟ๐ ๐ช๐ต๐ถ๐๐ฒ๐ป๐ฒ๐ฟ ๐๐ป๐ฑ๐๐๐๐ฟ๐?
Improved shelf-life, ease of handling, and ready-to-consume formats of dairy whiteners are key factors driving the consumption. Moreover, increasing demand for enhanced milk protein and fat content is projected to present innovation opportunities to manufacturers of dairy whiteners and develop technologies for new products.
In addition, manufacturers have been exploring the 'ultrafiltration' technique using buffalo milk to produce protein-rich, medium-fat dairy whiteners for enhanced texture and organoleptic quality. Thus, rising awareness regarding health and adaption of a healthy lifestyle is driving the growth of Dairy Whiteners.
๐๐ ๐๐ผ๐ณ๐ณ๐ฒ๐ฒ ๐๐ผ๐ป๐๐๐บ๐ฝ๐๐ถ๐ผ๐ป ๐๐ผ๐ผ๐๐๐ถ๐ป๐ด ๐ฆ๐ฎ๐น๐ฒ๐ ๐ผ๐ณ ๐๐ฎ๐ถ๐ฟ๐ ๐ช๐ต๐ถ๐๐ฒ๐ป๐ฒ๐ฟ๐ ๐ถ๐ป ๐ก๐ผ๐ฟ๐๐ต ๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ?
According to MedAlertHelp, around 62% of people drink coffee in North America. In addition, presence of major market players of dairy whiteners is influencing the sales of the same positively. As dairy whiteners offer a longer shelf life, the usage of the same has increased in making coffee across the continent.
The National Coffee Association (NCA) , in its 2020 report, discovered that overall coffee consumption across the U.S spiked by 5% since 2015. Furthermore, 7 out of 10 Americans consume coffee on a weekly basis, while over 3/5th of them consume it daily. Given this high incidence of consumption, several ready-to-drink coffee products are being launched in the market.
This bolstering share of instant coffee brews is augmenting demand for dairy whiteners. According to Fact.MR, North America is expected to possess more than 40% of market share for dairy whiteners industry in the upcoming forecast period 2021-2031.
๐๐ฒ๐บ๐ฎ๐ป๐ฑ ๐ณ๐ผ๐ฟ ๐ฆ๐ฎ๐ฐ๐ต๐ฒ๐ ๐ฃ๐ฎ๐ฐ๐ธ๐ฎ๐ด๐ฒ๐ฑ ๐๐ฎ๐ถ๐ฟ๐ ๐ช๐ต๐ถ๐๐ฒ๐ป๐ฒ๐ฟ๐ ๐๐ผ ๐ช๐ถ๐ฑ๐ฒ๐ป ๐ถ๐ป ๐๐ต๐ฒ ๐๐๐๐๐ฟ๐ฒ?
Fact.MR expects the market for dairy whitener sachets to acquire a substantial revenue share, projected to yield 42.5% value by 2031. Ease of packaging for manufacturers and affordability are amongst the primary growth drivers for dairy whitener sachet products.
Furthermore, sachets offer the advantage of easy printing, permitting manufacturers to customize the finished product to reflect brand identity. Several players are incorporating sustainable material, including recycled paper, to be at par with toughening environmental standards in packaging.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐:https://www.factmr.com/connectus/sample?flag=RC&rep_id=144
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
Prominent manufacturers of dairy whiteners are aiming at broad basing their outreach across promising geographies, deploying such expansion strategies as introducing new products, forging strategic collaborations with existing players, and acquiring small-scale manufacturers. Some significant market developments are given below:
โข In June 2018, Arla Foods announced a plan to invest over โฌ 500 million, focusing its investments in four key areas: dairy products, healthy and natural foods, whey and sustainable food production. As of that year, over 66% of its spending focused on increasing its presence across Europe
โข In October 2021, Fonterra Co-operative announced that its outreach in the U.K for dairy products will augment further, as the country has agreed to removing tariffs on all dairy products over the next 5 years, with a view to offset barriers encountered during the COVID-19 pandemic
Key Companies Profiled:
โข Fonterra Co-operative Group Limited
โข Nestle S.A
โข Danone S.A
โข Inner Mongolia Yili Industrial Group Co. Ltd
โข Morinaga Milk Industry Co. Ltd.
โข Britannia Industries Limited
โข Gujarat Co-operative Milk Marketing Federation Ltd.
โข Hatsun Agro Product Ltd.
โข Arla Foods amba
โข Schreiber Foods Inc.
๐๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ ๐๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ
Product Type
โข Flavoured Dairy Whitener
โข Unflavoured Dairy Whitener
Packaging
โข Dairy Whitener in Carton Packs
โข Dairy Whitener in Sachets
โข Dairy Whitener in Plastic Jars
โข Dairy Whitener in Jigger Pots
โข Dairy Whitener in Stick Packaging
Sales Channel
โข Dairy Whitener Sales via Modern Grocery
โข Dairy Whitener Sales via Traditional Retail
Grocery
โข Dairy Whitener Sales via Non-Grocery Retail
โข Dairy Whitener Sales via Other Channels
๐๐ผ๐ฟ ๐ ๐ผ๐ฟ๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐:
https://www.prnewswire.com/news-releases/burgeoning-global-defense-expenditure-to-offer-function-generators-us-2-4-bn-market-opportunity-by-2032--301568622.html
https://www.prnewswire.com/news-releases/burgeoning-sales-of-automotive-vehicles-to-create-demand-for-coupling-agents-301568602.html
https://www.prnewswire.com/news-releases/trichloroacetyl-chloride-market-to-top-us-8-8-bn-by-2031-as-production-of-chloramphenicol-surges-301569313.html
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