Uploaded on May 13, 2019
Dairy Ingredients Market
Dairy Ingredients Market
Dairy Ingredients Market: Global Forecast Over 2018 – 2026
Dairy ingredients provide satisfactory nutritional, organoleptic, and functional needs. Dairy
ingredients contain calcium, protein, vitamin A, vitamin B12, zinc, and magnesium, which
are necessary for the development of bone density and nourishment. India is the largest
producer and consumer of milk on account of implementation of different schemes such as
National Mission on Bovine Productivity, which was implemented in November 2016. The
scheme was entitled to a financial allocation of around US$ 126 million to be spent over a
period of three years for the genetic improvement of cattle and water buffalo population
through delivery of breeding inputs to the dairy farms.
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According to the Food and Drug Administration (FDA), the fluid milk consumption in India
was recorded at 67.7 million metric tons in 2018, which was around 4% higher than the
previous year. Furthermore, the country recorded butter consumption of 5.6 million metric
tons in the same year. The high consumption is majorly attributed to the constantly
increasing population and rising income of the consumers among others.
The demand for sports nutrition is gaining significant traction in the market, which in turn is
positively influencing the growth of dairy ingredients market. Glycogen synthase activity is
one of the key factors for glycogenesis, which in turn is imperative for the development of
skeletal muscle. According to the National Centre for Biotechnology Information (NCBI), the
inclusion of protein in the form of whey protein isolates (WPI) with quantity ranging between
0.4g/kg to 0.8 g/kg in beverage products promotes high rates of muscle glycogen
replenishment coupled with extensive training. Such factors are highly responsible for the
growth of the dairy ingredients market.
Key Players in Global Dairy Ingredients Market:
The key players in global dairy ingredients market include Friesland Campina, Fonterra Co-
operative Group Ltd., Dairy Farmers of America, Arla Foods, Glanbia Plc., Euroserum,
Groupe Lactalis, Saputo Inc., Volac International Limited, and Devondale Murray Goulburn
among others.
Global Dairy Ingredients Market Taxonomy
On the basis of product type, the global dairy ingredients market is segmented into:
•Milk Powder (Skimmed Milk Powder & Whole Milk Powder)
•Milk Protein Caseinates (MPC)
•Milk Protein Isolates (MPI)
•Milk Protein Hydrolysates (MPH)
•Casein and Caseinates
•Whey protein Concentrates (WPC)
•Others
On the basis of application, the global dairy ingredients market is segmented into:
•Bakery products
•Dairy Products
•Confectionery Products
•On-The-Go Breakfast Products
•Sports Nutrition Products
•Infant Milk Formula
•Others
Milk powder product type segment dominated the dairy ingredients market in 2017 and is
expected to exhibit similar trend over the forecast period. Consumer inclination towards milk
powder, as an alternative to conventional milk is one of the major factors boosting the
demand for milk powder. Other driving factors include longer shelf life due to its less
moisture content and reduced transportation costs among others.
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Global Dairy Ingredients Market Outlook:
•Europe region dominated the dairy ingredients market in 2017 and is expected to
retain its market dominance over the forecast period. Bakery products find wide
preference among the consumers in Europe. According to Coherent Market Insights,
the per capita consumption of bakery products in Germany was recorded at 85.5
kilograms in 2017, followed by France with a per capita consumption of 71.5
kilograms and U.K, with a consumption of 47.3 kilograms in the same year. The
consumption of bread accounted for a market share of over 75% in Europe followed
by croissants, pastries, and savoury pastries. Furthermore, the chocolate consumption
was also led by the European economies such as Switzerland, Germany, Russia, and
U.K. among others. According to Coherent Market Insights, per capita consumption of
chocolate in Switzerland was recorded at 8.8 kg in 2017, followed by Germany with a
per capita chocolate consumption of 8.4 kg in the same year, followed by Russia and
U.K.
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