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Cultured Non-Fat Dairy Ingredients Global Market Report 2024 - By Report, Share, Demand, Industry Trends, Forecast To 2033
Cultured Non-Fat Dairy Ingredients Market
Cultured Non-Fat Dairy Ingredients Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $17.13 billion In 2028 At A CAGR Of 4.8% :
The cultured non-fat dairy ingredients market size has grown strongly in recent years. It will grow from $13.38 billion in 2023 to $14.19 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to industrial automation, stringent regulatory compliance, rise of iot (internet of things), temperature and environmental monitoring needs, energy management.
The cultured non-fat dairy ingredients market size is expected to see steady growth in the next few years. It will grow to $17.13 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to rapid growth in e-commerce, expansion of cold chain logistics, focus on food safety, precision agriculture, remote monitoring in healthcare. Major trends in the forecast period include emergence of 5g technology, technological advancements, integration of wireless connectivity, advancements in sensor technologies, data security and privacy concerns.
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Cultured Non-Fat Dairy Ingredients Market Major Segments
The cultured non-fat dairy ingredients market covered in this report is segmented -
1) By Process: Natural, Artificial
2) By Nature: Organic Compliant And Citified, Kosher Certified, Conventional
3) By Form: Liquid, Powder
4) By Distribution Channel: Direct Sales, Indirect Sales, Store-Based Retailing, Hypermarkets Or Supermarkets, Convenience Stores, Discount Stores, Independent Small Groceries, Online Retail
Key Driver - Rising Demand For Dairy-Based Beverages On The Cultured Non-Fat Dairy Ingredients Market
The rising demand for dairy-based beverages is expected to propel the growth of the cultured non-fat dairy ingredients market going forward. Dairy-based beverages are drinks that are made from or contain dairy products, such as milk, yogurt, or buttermilk. Cultured non-fat dairy ingredients are utilized to provide dairy-based drinks with distinctive tastes, moisture content, and attractive organoleptic qualities. For instance, in 2022, according to the Food and Agriculture Organization, an Italy-based specialized agency of the United Nations, world milk production in 2022 is forecast at around 930 million tons, up by 0.6% from 2021, and in Asia, the world's largest milk-producing region, milk output in 2022 is expected to reach nearly 419 million tons, up by 2.1% year-on-year. Further, in Central America and the Caribbean, milk output is anticipated to reach 19.7 million tons, an increase of 1.2% from 2021. Therefore, the rising demand for dairy-based beverages is driving the growth of the cultured non-fat dairy ingredients market.
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Prominent Trend - Pure Fat-Free Milk For Health-Conscious Consumers
Major companies operating in the cultured non-fat dairy ingredient market are focused on developing innovative solutions, such as a pure form of fat-free milk and serving convenient and healthy protein options. Fat-free milk, or skim milk, is a type of milk from which the milk fat has been removed, making it fat-free. For instance, in June 2021, Parag Milk Foods, an India-based company that manufactures, markets, and sells milk and milk products, launched a fat-free milk variant under their premium milk brand, Pride Cows. The fat-free milk would be produced and packaged in one of India's most technologically advanced dairy farms and would be in its purest form with all fats removed. As a result, the milk will be extremely nourishing, pure, and fresh. Moreover, the product will be supplied fresh via the company's farm-to-home business model, free from adulteration and untouchable by humans. With this launch, the company aims to provide an alternative to consumers seeking all the goodness of Pride of Cows without fat.
Cultured Non-Fat Dairy Ingredients Market Players
Major companies operating in the cultured non-fat dairy ingredients market report are Cargill Incorporated, Nestle S.A. , Lactalis Group, Yili Group, China Mengniu Dairy Company Limited, FrieslandCampina, Saputo Inc., Arla Foods , Meiji Holdings Co. Ltd. , Schreiber Foods Inc. , Megmilk Snow Brand Co. Ltd. , Sodiaal Group, Valio Ltd., Meadow Foods Limited, Volac International Ltd., Dairy Farmers of America, Inc., DairyChem, Cayuga Milk Ingredients, Socius Ingredients LLC, Ingredia Dairy Experts, EPI Ingredients, AMCO Proteins, Dairy Connection Inc., Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF) , Lifeway Foods Inc., Danone S.A., Mother Dairy Fruit & Vegetable Pvt. Ltd, Morinaga Milk Industry Co.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the cultured non-fat dairy ingredients market in 2023. The regions covered in the cultured non-fat dairy ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cultured Non-Fat Dairy Ingredients Market Report Structure
3. Cultured Non-Fat Dairy Ingredients Market Trends And Strategies
4. Cultured Non-Fat Dairy Ingredients Market - Macro Economic Scenario
5. Cultured Non-Fat Dairy Ingredients Market Size And Growth
…..
27. Cultured Non-Fat Dairy Ingredients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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