Bharat Book Bureau Provides the Trending Market Research Report on “Dairy Ingredients Market by Source (Milk, Whey), Type (Milk Powder, Whey Protein, Milk Protein, Third- Generation Ingredients, Casein), and Application (Pediatric, Sports Nutrition, Medical Nutrition, Functional Food, Bakery) - Global Forecast to 2027”under Dairy Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Dairy Ingredients Market by Source (Milk, Whey), Type (Milk Powder, Whey Protein, Milk Protein, Third- Generation Ingredients, Casein), and Application (Pediatric, Sports Nutrition, Medical Nutrition, Functional Food, Bakery)- Global Forecast to 2027

The Dairy Ingredients Market is expected to grow at a CAGR of 4.1% from 2020 to 2027 to reach $71.5 billion by 2027. In terms of volume, the market is projected to reach 16,074.0 kilotons, at a CAGR of 1.4% during the forecast period (2020-2027).

The factors such as increasing population and urbanization, rise in disposable income, advancements in supply chain management, and initiatives taken by key players are driving the growth of the global dairy ingredients market. However, the growing popularity of plant-based protein and increasing incidence of lactose intolerant population hinders the growth of this market to some extent.

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The global dairy ingredients market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented on basis of source, type, and application. The study also evaluates industry competitors and analyses the market at a country level.

Based on source, the milk source segment is estimated to command the largest share of the overall dairy ingredients market in 2020. However, the whey segment is projected to grow with the fastest CAGR during the forecast period. The increase in demand for whey-based ingredients in medical and sports nutrition and the rising trend of healthy snacking culture is contributing to the rapid growth of the whey-based ingredients market during the forecast period.

Based on type, the milk powder segment is estimated to command the largest share of the overall dairy ingredients market in 2020. The large share of this segment is primarily accounted to the factors such as longer shelf life of the product; low storage and transportation cost; and increasing consumption in infant formulas, confectionaries, savoury, and baked products due to its nutritional benefits. However, the milk protein segment is projected to grow with the fastest CAGR during the forecast period.

Based on application, the bakery and confectionery segment is estimated to command the largest share of the overall dairy ingredients market in 2020. However, the sports nutrition segment is projected to grow with the fastest CAGR during the forecast period. The factors attributed to the rapid growth are rising fitness industry; increase in distribution channels of sports nutrition; and rising demand for protein bars, energy drinks, and other healthy snacks.

An in-depth analysis of the geographic scenario of the global dairy ingredients market provides detailed qualitative and quantitative insights about the six major geographies (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) along with the coverage of major countries in each region. Asia-Pacific region is estimated to command the largest share of the overall dairy ingredients market in 2020, followed by Europe, North America, Latin America, and the Middle East &Africa. The large share of this region is mainly attributed to the factors such as accelerated economic growth of many countries in this region; increasing urbanization and disposable income; increased production of milk; growing facilities in supply chain industry; and strong support from the government to promote the dairy sector. Also, the increasing presence of key dairy manufacturers in the region further supports the growth of the dairy ingredients market in the region.

Some of the key players operating in the global dairy ingredients market are Nestle S.A., Fonterra Cooperative Group, Royal FrieslandCampina N.V., Arla Foods, Lactalis Group, Dairy Farmers of America Inc., Agropur Cooperative, Schreiber Foods Inc., Savencia S.A., Glanbia PLC., Gujarat Cooperative Milk Marketing Federation Ltd. (AMUL), Meiji Holdings Co., Ltd., Mengniu Dairy Co., Ltd., Megmilk Snow Brand Co., Ltd., Yili China, Saputo Inc., Kraft Heinz Company, Agropur Inc, Morinaga Milk Co., Ltd., and Sodiaal, among others.

Scope of the Report:

Market by Source
• Milk
• Whey

Market by Type
• Milk Powder
• Whey Protein
• Milk Protein
• Third Generation Dairy Ingredients
• Casein
• Butter Milk Powder
• Whey Permeate
• Lactose

Market by Application
• Pediatric
• Sports Nutrition
• Medical Nutrition
• Functional Food
• Bakery
• Confectionery
• Dairy
• Animal Feed
• Others

Market by Geography
• North America
The U.S.
Canada

• Europe
Germany
France
Russia
Italy
The U.K.
Spain
Rest of Europe

• Asia-Pacific (APAC)
China
Japan
India
New Zealand
Australia
Thailand
Rest of Asia-Pacific (RoAPAC)

• Latin America
Brazil
Mexico
Argentina
Rest of Latin America

• Middle East and Africa

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