(Food-Beverage-News.Com, September 16, 2017 ) According to the report Europe Dairy Ingredients Market by Form (Milk, Whey), by Type (Milk Powder, Whey Ingredients, Milk Protein Concentrates, Milk Protein Isolates, Lactose & Derivatives, Casein & Caseinates, Milk Protein Hydrolysates), by Application (Bakery & Confectionery, Dairy Products, Convenience Foods, Infant Milk Formula, Sports & Clinical Nutrition), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (20162021) published by Market Data Forecast, the Europe Dairy Ingredients Market is expected to grow at a CAGR of 3.37% and reach USD 10.2 billion in 2021 from USD 8.64 billion in 2016.
The Europe Dairy Ingredients market is expected to show evident potential in the forecasting period. The market continues to build up momentum with growing awareness among people about health concerns and wellness. Dairy ingredients are one of the most important part of the production of dairy and other food products. Their primary uses include, enhancing the nutrition value, adding flavours, and other functions like emulsification and solubility.
The dairy ingredients have shown high potential in their applications among new products, and therefore have shown a rapid growth over recent years. Further, other factors contributing to the growth of the market include, increasing applications in nutrition and convenience foods, rise in demand for bakery products, growth in dairy production, emerging markets across various regions. The market also faces some restraints, which include the availability of alternatives like plant proteins, increasing incidences of lactose intolerance as well as allergies, and adulteration of dairy products.
These few factors are responsible for hindering the growth of the market. The Europe Dairy Ingredients Market is divided based on form, type and application. The segmentation on the basis of type is done into milk powder, whey ingredients, milk protein isolates, milk protein concentrates, casein & caseinates, lactose & derivatives, milk protein hydrolysates. On the basis of application, the market is categorized into bakery & confectionery, convenience foods, dairy products, sports & clinical nutrition, infant milk formula. Lastly, based on form, the segmentation is done into milk and whey. On the basis of geography, the Europe market is analysed under various regions namely U.K, Germany, Spain, Italy and France.
Some of the major competitors in the Europe Dairy Ingredients Market are: Frieslandcampina Groupe Lactalis Fonterra Co-Operative Group Limited Devondale Murray Goulburn Dairy Farmers of America Glanbia PLC Arla Foods Euroserum Saputo Inc Volac International Limited
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