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The Dairy Whitener Industry Is Expected To Surpass A CAGR Of 6% From 2021-2031

11-10-2022 05:05 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Dairy Whitener Industry

Dairy Whitener Industry

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.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:https://www.factmr.com/connectus/sample?flag=S&rep_id=144

๐—œ๐˜€ ๐——๐—ฒ๐—บ๐—ฎ๐—ป๐—ฑ ๐—ณ๐—ผ๐—ฟ ๐— ๐—ถ๐—น๐—ธ ๐—ฃ๐—ฟ๐—ผ๐˜๐—ฒ๐—ถ๐—ป ๐—ฎ๐—ป๐—ฑ ๐— ๐—ฒ๐—ฑ๐—ถ๐˜‚๐—บ ๐—™๐—ฎ๐˜ ๐—ถ๐—ป ๐——๐—ฎ๐—ถ๐—ฟ๐˜† ๐—ช๐—ต๐—ถ๐˜๐—ฒ๐—ป๐—ฒ๐—ฟ๐˜€ ๐—ฃ๐˜‚๐˜€๐—ต๐—ถ๐—ป๐—ด ๐—ง๐—ฒ๐—ฐ๐—ต๐—ป๐—ถ๐—พ๐˜‚๐—ฒ ๐—œ๐—ป๐—ป๐—ผ๐˜ƒ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ณ๐—ผ๐—ฟ ๐——๐—ฎ๐—ถ๐—ฟ๐˜† ๐—ช๐—ต๐—ถ๐˜๐—ฒ๐—ป๐—ฒ๐—ฟ ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜†?

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.

๐—œ๐˜€ ๐—–๐—ผ๐—ณ๐—ณ๐—ฒ๐—ฒ ๐—–๐—ผ๐—ป๐˜€๐˜‚๐—บ๐—ฝ๐˜๐—ถ๐—ผ๐—ป ๐—•๐—ผ๐—ผ๐˜€๐˜๐—ถ๐—ป๐—ด ๐—ฆ๐—ฎ๐—น๐—ฒ๐˜€ ๐—ผ๐—ณ ๐——๐—ฎ๐—ถ๐—ฟ๐˜† ๐—ช๐—ต๐—ถ๐˜๐—ฒ๐—ป๐—ฒ๐—ฟ๐˜€ ๐—ถ๐—ป ๐—ก๐—ผ๐—ฟ๐˜๐—ต ๐—”๐—บ๐—ฒ๐—ฟ๐—ถ๐—ฐ๐—ฎ?

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.

๐——๐—ฒ๐—บ๐—ฎ๐—ป๐—ฑ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ฎ๐—ฐ๐—ต๐—ฒ๐˜ ๐—ฃ๐—ฎ๐—ฐ๐—ธ๐—ฎ๐—ด๐—ฒ๐—ฑ ๐——๐—ฎ๐—ถ๐—ฟ๐˜† ๐—ช๐—ต๐—ถ๐˜๐—ฒ๐—ป๐—ฒ๐—ฟ๐˜€ ๐˜๐—ผ ๐—ช๐—ถ๐—ฑ๐—ฒ๐—ป ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ?

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.

๐—š๐—ฒ๐˜ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ฝ๐—ฒ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฆ๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป๐˜€:https://www.factmr.com/connectus/sample?flag=RC&rep_id=144

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ

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:
โ€ข In June 2018, Arla Foods announced a plan to invest over โ‚ฌ 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
โ€ข 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:
โ€ข Fonterra Co-operative Group Limited
โ€ข Nestle S.A
โ€ข Danone S.A
โ€ข Inner Mongolia Yili Industrial Group Co. Ltd
โ€ข Morinaga Milk Industry Co. Ltd.
โ€ข Britannia Industries Limited
โ€ข Gujarat Co-operative Milk Marketing Federation Ltd.
โ€ข Hatsun Agro Product Ltd.
โ€ข Arla Foods amba
โ€ข Schreiber Foods Inc.

๐—ž๐—ฒ๐˜† ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—–๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ฑ

Product Type
โ€ข Flavoured Dairy Whitener
โ€ข Unflavoured Dairy Whitener

Packaging
โ€ข Dairy Whitener in Carton Packs
โ€ข Dairy Whitener in Sachets
โ€ข Dairy Whitener in Plastic Jars
โ€ข Dairy Whitener in Jigger Pots
โ€ข Dairy Whitener in Stick Packaging

Sales Channel
โ€ข Dairy Whitener Sales via Modern Grocery
โ€ข Dairy Whitener Sales via Traditional Retail
Grocery
โ€ข Dairy Whitener Sales via Non-Grocery Retail
โ€ข Dairy Whitener Sales via Other Channels

๐—™๐—ผ๐—ฟ ๐— ๐—ผ๐—ฟ๐—ฒ ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€:

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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