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Global Dairy Ingredients Market trends estimates high demand by 2024
Global Dairy Ingredients Market: Overview
Milk is a vital ingredient in the food products; it balances the composition of numerous nutrients such as fluids, proteins, minerals, and materials. It is used in the production of the different food and beverage products. Dairy ingredients are food ingredients made from milk and are used in the production of the various food products such as ready-to-eat, ice-creams, pork meat, chocolate, desserts and soups, clinical nutrition, sports food, and bakery snacks. Milk powder, a dairy ingredient, is made by evaporating milk to dryness. Dried milk powder can be preserved for a longer time than liquid milk and does not require refrigeration due to its low moisture. These ingredients are widely used in the sports & clinical nutrition products, bakery & confectionery, convenience foods, and dairy.
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Global Dairy Ingredients Market: Growth Factors
Rising health and wellness concerns among the population are one of the major driving factors of the global dairy ingredients market. Increasing demand for dairy products across the world is fostering the global market. Increased acceptance of the dairy ingredients in many applications and huge investment on the new research and innovations in order to expand applicability is anticipated to boost the global dairy ingredients market in future. Milk protein isolates and protein concentrates have high demand owing to increasing sports activities across the world as sports supplements also foster the global market. Consumers becoming more conscious about nutraceutical food products and maintaining their good health is positively affecting the global dairy ingredients market.
Global Dairy Ingredients Market: Segmentation
The global dairy ingredients market is categorized based on applications as convenience foods, sports & clinical nutrition, bakery & confectionery products, infant milk formula, and dairy products. Based on types, the global market is divided as lactose & its derivatives, milk powder, milk protein hydrolysates, milk protein concentrates, casein & caseinates, whey ingredients, milk protein isolates, and others. Moreover, on the basis of sources, the global dairy ingredients market is fragmented as whey and milk.
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Global Dairy Ingredients Market: Regional Analysis
Asia Pacific is dominating the global dairy ingredients market; this trend is followed by the Europe and North America. Dairy production in Asia Pacific is largest; this is anticipated to boost the global market in future. In North America, dairy products are highly consumed owing to their growing popularity. Milk powder is extensively consumed in Europe, enhancing the global market in this region.
Global Dairy Ingredients Market: Competitive Players
Major players in the global dairy ingredients market are Dairy Ingredients Inc., Fonterra Cooperative Group Limited, Friesland Campina, Dairy Farmers of America, Aurivo Dairy Ingredients, Glanbia PLC, and Arla Foods.
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Dairy Ingredients Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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