Whey Finance

The market is estimated at $ 63.6 billion in 2021 and is expected to reach $ 89.9 billion by 2026


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DUBLIN, 20 December 2021 / PRNewswire / – The “Dairy Ingredients Market by Type (Protein, Milk Powder, Dairy Fat Concentrate, Lactose and its Derivatives), Application (Infant Formulas, Sports Nutrition, Dairy and Bakery and Confectionery), Livestock, shape and region – The Global Forecast to 2026 report “has been added to ResearchAndMarkets.com offer.

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The global dairy ingredients market is estimated at $ 63.6 billion in 2021 and should reach $ 89.9 billion by 2026, registering a CAGR of 7.2%.

Different properties of dairy ingredients are useful for various applications in the food industry, increasing their demand among manufacturers. In addition, they are known to possess various nutritional characteristics, which makes them popular with consumers.

The milk powder segment is expected to be the largest segment of the dairy ingredients market during the forecast period.

The increase in the shift towards a healthy lifestyle has changed the food consumption habits of consumers. As a result, the demand for snack and beverage options, both gourmet and nutritional, is on the rise. Powdered milk is used to impart texture, color and flavor to food products. Powdered milk gives food products an enriched taste and texture. It is used to provide a mouth-filling texture to foods without being high in fat.

The bakery and confectionery segment is the dominant segment when it comes to dairy ingredient applications.

Consumers are now adopting healthier snacking habits, which has increased the demand for functional and fortified ingredients so much. Powdered milk and whey concentrates find various applications in the bakery segment. They are used to give texture and color to products. They are also used as browning agents for bread. They are used to increase the richness of bread and other related products. Due to their low fat content, they are popular among manufacturers.

Asia Pacific is estimated to represent the largest market share.

Currently the Asia Pacific the region is the dominant market for dairy ingredients; it is also estimated that this market will experience the fastest growth in the years to come. The large population and increased purchasing capacity have enabled consumers to demand functional and fortified food products. The low death rate and improved standard of living have also enabled them to invest more than before in health and health-related services. This has increased the market for all kinds of nutritional and ready-to-eat food options.

The main players presented in this report

  • FriezeCampina (The Netherlands)

  • Lactalis Group (France)

  • Arla Foods (Denmark)

  • Saputo (Canada)

  • Fonterra cooperative group (New Zealand)

  • Dairy Farmers of America (United States)

  • Kerry Group (Ireland)

  • Ornua (Ireland)

  • AMCO protein (United States)

  • Prolactal (Austria)

  • Valio (Finland)

  • Glanbia (Ireland)

  • Hoogwegt Group (The Netherlands)

  • Batory Foods (United States)

  • Ingredia SA (France)

Premium previews

  • Growing health and wellness awareness and growing applications in nutrition and ready-to-eat foods are driving the dairy ingredients market

  • Milk powder type segment dominated the dairy ingredients market in 2020

  • Asia Pacific will dominate the dairy ingredients segment in 2020

  • The cow segment dominated the dairy ingredients market, by cattle

  • United States and China are the main market share holders in the dairy ingredients market, by region, in 2020

Companies mentioned

For more information on this report visit https://www.researchandmarkets.com/r/9v78oz

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