Global Dairy Ingredients Market: Consumer Preference toward Healthier Lifestyle Tipping Scales in Favor of Growth, says TMR

As consumers incline towards a healthier lifestyle, dairy product sellers can expect a rise in the demand. In a report, titled “Dairy Ingredients Market - Global Industry Size, Market Share, Trends, Analysis, and Forecast 2016 – 2023,” covers various factors fuelling the demand for dairy ingredients and restraints posing threat to the market between 2016 and 2023. Information compiled in the report is obtained via proven research methodologies and substantiated using decisive data. It is thus aimed at helping stakeholders gain a wider perspective about the global dairy ingredients market.

Dairy ingredients cover substances derived from dairy products. These ingredients are in general used to add flavor or give texture to food and beverages. Dairy ingredients are available in dry, liquid, or concentrated forms and provide fat holding, emulsification, get formation, and viscosity creation. These are therefore considered crucial ingredients used by food developers to give food desirable attributes.

The global dairy ingredients market can be studied on the basis of type such as milk protein isolates, whey ingredients milk powder, milk protein concentrates, lactose, casein & caseinate, and others. Besides these, the market can be evaluated in terms of applications such as processed food, dairy bakery & confectionery, sports & clinical nutrition, infant nutrition, and others. Regionally, Asia Pacific, Western Europe, Eastern Europe, Latin America, North America, and the Middle East & Africa constitute the key market segments. The report presents insights into the growth drivers and restraints influencing the market’s trajectory across the aforementioned segments.

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The global dairy ingredients market is currently basking in the soaring popularity of dairy-rich diet. As people around the world realize the benefits of including dairy products in their daily diet, it will help the dairy ingredients market gain momentum in response. In addition, urbanization, rising population, and the overall increasing demand for dairy products have emerged as the chief market drivers. According to the United Nations, urban population, which stood at 3.4 billion in 2009, is expected to reach 6.3 billion in 2050. This connotes a huge potential demography for the dairy ingredients market to target. Also with the rising aging population, the demand for dairy ingredients is likely to increase. The rising disposable income of consumers worldwide also create lucrative prospects for the market.

On the downside, availability of alternatives such as plant proteins and the rising incidence of lactose intolerance pose threat to the global dairy ingredients market. However, the dairy ingredients market will continue remaining a crucial sector for functional and processed food manufacturers. Collaborations, joint ventures, and cumulative agreements likely to emerge as popular strategies adopted by the market players to strengthen their foothold.

Some of the key players operating in the global diary ingredients market are Aurivo Dairy Ingredients, Dairy Farmers of America, Fonterra Co-Operative Group Limited, Dairy Ingredients Inc., Arla Foods, Glanbia PLC, and FrieslandCampina.