(Food-Beverage-News.Com, June 08, 2016 ) The report “Dairy Ingredients Market by Type (Milk Powder, Whey Ingredients, MPC & MPI, Lactose & its Derivatives, Casein & Caseinates), Source (Milk and Whey), by Application & Region - Global Trend & Forecast to 2020”, defines and segments the dairy ingredients market with analysis and forecasting of the global revenue for dairy ingredients. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges.
Browse 73 market data Tables and 60 Figures spread through 159 Pages and in-depth TOC on "Dairy Ingredients Market - Global Trend & Forecast to 2020"
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Global Dairy Ingredients Market is expected to reach USD 59.8 Billion by 2020 at 5.6% between 2015 and 2020
The market for dairy ingredients is projected to witness an increasing trend in the upcoming years due to the growing awareness about the health benefits of nutritional food products, and increasing production in countries such as the U.S., India, and China. The increasing demand for healthy and diversified food and the growing convenience food & beverage industry support the growth of the dairy ingredients market, along with growing income levels and disposable income, especially in the Asia-Pacific region.
The dairy ingredients market is projected to grow at a CAGR of 5.6% from 2015 to 2020. The major drivers of the market are increasing awareness towards health & wellness, growth in application sectors, and R&D and innovations to expand applicability & accelerate growth. Additionally, increase in sedentary lifestyle, along with consumer preference for nutrient rich diet are projected to augment the overall growth of the market. The major restraining factor includes alternatives such as plant protein may restraint the market growth. Easy availability and low cost of soy protein is further projected to hamper the overall growth of the dairy ingredients market. Rising incidences of lactose intolerance and milk allergies is also projected to pose a challenge to the growing dairy ingredients market.
Leading players in the dairy ingredients market include FrieslandCampina (The Netherlands), Fonterra Co-Operative Group (New Zealand), Dairy Farmers of America (U.S.), Arla Foods. (Denmark), Glanbia Plc. (Ireland), Euroserum (France), Groupe Lactalis (Germany), Saputo Inc. (Canada), Volac international Limited (U.K.), and Murray Goulburn Co-Operative Co. Limited (Australia).
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