CHICAGO, November 18, 2021 / PRNewswire / – According to the report “Dairy Ingredients Market by Type (Protein, Milk Powder, Dairy Fat Concentrate, Lactose and its Derivatives), Application (Infant Formulas, Sports Nutrition, Dairy, and Bakery and Confectionery), Livestock, Shape and Region – Global Forecast to ‘in 2026 “, published by MarketsandMarkets ™, the global dairy ingredients market is estimated at $ 63.6 billion in 2021 and is expected to reach a value of $ 89.9 billion by 2026, with a CAGR of 7.2% during the forecast period. The increased consumption of ready-to-eat and functional foods, complemented by the versatile application of dairy ingredients and increased consumer awareness of healthy eating among consumers, has boosted the global dairy ingredients market.
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The milk powder segment is expected to experience the highest growth in the dairy ingredients market, in terms of value, in 2021.
Milk powder, protein, milk fat concentrates, lactose and its derivatives and other types (milk and whey peptides, milk protein fractions, other proteins and colostrum) are some of the types most common dairy ingredients. Among these types, the powdered milk segment accounted for the largest share in 2021, as powdered milk is a direct substitute for fluid milk; therefore, used in various applications including bakery, dairy and infant nutrition. Skimmed milk powder is the heart of the hotel catering industry (HoReCa). In the wake of the COVID-19 lockdown, an obvious decline in sales and storage of unsold powdered milk has plagued the dairy industry.
The dry forms segment is expected to represent a larger market share among the various forms of dairy ingredients, in terms of value, in 2021.
Dry dairy ingredients are made from milk or whey. Milk-based dairy ingredients include powdered milk, casein, caseinates, and milk protein concentrates, while lactose and its derivatives, whey protein concentrates, and whey protein isolates are derived from whey. Dairy ingredients are loaded with essential nutrients (amino acids and minerals) in a dry form which is easily absorbed by the body. They are used in various dietary and therapeutic contexts, such as low calorie foods, sports nutrition and infant formula. Powdered milk is mainly used in chocolate products, bread, rolls, pastries and sweets. Skimmed milk powder is mainly used in dairy products containing reconstituted milk (yogurts, milk-based desserts and ice cream), chocolate products, infant formula and animal feed. The costs of transporting and storing the dry ingredients are low, which translates into a reduced cost of the final products. As a result, they are highly preferred by manufacturers. In addition, they are readily available in the market and are easy to use. All of these properties make it a popular form of ingredient.
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The cow market, by livestock, is estimated to represent the largest market share in 2021.
Cows are the preferred livestock over all other cattle, due to the manufacture of milk in most areas. This is mainly due to its low purchase and maintenance costs. The milk yield is higher in cows than in other cattle. In addition, animals, such as camels and goats, require high maintenance and produce a lower yield. Many major players prefer to make dairy ingredients from cow’s milk due to its wide and easy availability and easier production processes. It is easier to extract powders and other derivatives from cow’s milk than from buffalo or goat’s milk. Buffalo or goat milk is very viscous, and therefore making dairy ingredients, such as milk powders and protein, is difficult.
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The demand for functional foods has created opportunities for dairy ingredient manufacturers in emerging markets.
The Asia Pacific The region is the dominant market for dairy ingredients and is expected to experience the fastest growing of all regions. The increase in health awareness has pushed the market for functional and fortified foods, which is creating a demand for dairy ingredients. Manufacturers use dairy ingredients because they are known for their versatile functional and nutritional properties, such as the richness, texture, flavor and color of food products. Ingredients, such as powdered milk, are used in infant formula and sports drinks. As the region’s millennial population is large, the demand for these foods and drinks is also increasing.
This report includes a study on the marketing and development strategies, as well as the product portfolios of the major companies operating in the Dairy Ingredients market. It includes profiles of leading companies such as FrieslandCampina (The Netherlands), Lactalis Group (France), Arla Foods (Denmark), Saputo (Canada), Fonterra Cooperative Group (New Zealand), Dairy Farmers of America (United States), Kerry Group (Ireland), Ornua (Ireland), AMCO Proteins (US), Prolactal (Austria), Valio (Finland), Glanbia (Ireland), Hoogwegt Group (The Netherlands), Batory Foods (United States), Ingredia SA (France), Agropur (Canada) and Euroserum (France).
Infant Formula Ingredients Market by ingredient type (carbohydrates, oils and fats, proteins, vitamins, minerals, prebiotics), application (growth milk, standard infant formula, follow-up formula, specialty), form, source, region – global forecast to 2025
Dairy Processing Equipment Market By Type (Pasteurizers, Homogenizers, Mixers & Blenders, Separators, Evaporators & Dryers, Membrane Filtration Equipment), Mode of Operation (Auto & Semi-Auto), Application & Region – Global Forecast to 2026
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