(Food-Beverage-News.Com, April 07, 2018 ) Dairy ingredients are made from the milk, can be used to prepare different types of chocolates, bakery products, ice creams, desserts and soups. Milk is the most essential food in the regular diet owing to its composition of rich nutrients and minerals. Milk comprises of 21 different types of elements such as proteins, amino acids, minerals and vitamins.
Growing awareness of health and wellness, increases in application sectors are enables accelerate the demand for dairy ingredients market. Furthermore, rising R&D, innovative products, life style modifications, and attraction towards rich nutritious diet creates demand for dairy products. Increased awareness on nutritional benefits of dairy products, therapeutic & supplementary products are being formulated with dairy products enhance the market share. Increased production skimmed milk powder (SMP), coupled with exports are creating lucrative opportunities market players. EU and U.S. are the key players of SMP. U.S. accounts for 28% of exports in 2013. However, presence of alternatives in the market, ease in availability of soy proteins for low cost, growing incidence and prevalence of lactose intolerance and allergies to the milk and milk products are expected to hamper growth of the dairy ingredients market.
Major growth strategy in the dairy ingredients market is investments in R&D and expansions to develop new formulations to meet the consumer demand for nutritional and dairy products across the globe. Expansion of geographical foot prints and widens the product portfolio collaborations with domestic distributors, product launches are few strategies. In 2016 August, PowerBar has launched new range of whey products under the CLEAN WHEY brand. In 2017 May, Denmark’s development cooperation agency accepted the partnership of GAIN Nordic with Arla Food Ingredients for the establishment of 3 years inclusive business project in Ethiopian dairy industry. Moreover, favourable regulatory frame work and considerable support by the governments is main factor for the growth of the dairy ingredients market.
Geographically Dairy Ingredients Market is segmented as Latin America, North America, Asia-Pacific, The Middle East & Africa and Europe. Asia Pacific market is the largest market for dairy ingredients owing to growing living standards, increase in the infant formula industry. North America and Europe are anticipated to hold a significant position in the dairy ingredients market due to the huge awareness regarding health, rise in preference for the nutritious food, and high consumption of bakery and confectionery food.
Some of the players in Dairy Ingredients Market are Arla Foods (Denmark), Dairy Farmers of America (U.S.), Glanbia Plc. (Ireland), Groupe Lactalis (Germany), Euroserum (France), Fonterra Co-operative Group (New Zealand) Saputo Inc. (Canada), Devondale Murray Goulburn (Australia), Volac International Limited (U.K.), FrieslandCampina (Netherlands) to name some few.
