Global dairy ingredients market is valued USD 58.4 billion in 2020 and is expected to reach USD 90.6 billion by 2027 at a CAGR of 6.5 %. An increase in the shift toward a healthy lifestyle has altered the food consumption habits among consumers. As a result, the demand for snacks and beverages options, which are indulging as well as nutritional, has been on the rise. Milk powder is used to provide texture, color, and flavor to food products. Milk powder provides enriched taste and texture to food products. It is used to provide mouth fill texture to food without being high on fat content.
Consumers are indulging in more healthy snacking habits now, which has so increased the demand for functional and fortified ingredients. Milk powder and whey concentrate find various applications in the bakery segment. They are used to provide texture and colour to products. They are also used as browning agents for bread. They are used for increasing the richness of the bread and other related products. As a result of their low-fat content, they are popular among manufacturers.
Currently, the Asia Pacific region is the dominating market for dairy ingredients; it is estimated to be the fastest-growing market in the coming years, as well. The high population and increase in the purchasing capacity have enabled consumers to demand functional and fortified food products. The low mortality rate and improved living standards have also enabled them to invest in health and health-related services more than before. This has increased the market for all kinds of nutritional and ready-to-eat food options.
Key players operating in the dairy ingredients market are Fonterra Co-Operative Group Limited, Glanbia PLC, Dairy Farmers of America Inc., Arla Foods amba, Aurivo Co-operative Society Ltd., Dairy Ingredients Inc., and FrieslandCampina.
Consumers are indulging in more healthy snacking habits now, which has so increased the demand for functional and fortified ingredients. Milk powder and whey concentrate find various applications in the bakery segment. They are used to provide texture and colour to products. They are also used as browning agents for bread. They are used for increasing the richness of the bread and other related products. As a result of their low-fat content, they are popular among manufacturers.
Currently, the Asia Pacific region is the dominating market for dairy ingredients; it is estimated to be the fastest-growing market in the coming years, as well. The high population and increase in the purchasing capacity have enabled consumers to demand functional and fortified food products. The low mortality rate and improved living standards have also enabled them to invest in health and health-related services more than before. This has increased the market for all kinds of nutritional and ready-to-eat food options.
Key players operating in the dairy ingredients market are Fonterra Co-Operative Group Limited, Glanbia PLC, Dairy Farmers of America Inc., Arla Foods amba, Aurivo Co-operative Society Ltd., Dairy Ingredients Inc., and FrieslandCampina.
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