Global Dairy Ingredient Market is projected to be worth USD 108.4 billion by 2030
According to SPER Market Research, the Dairy Ingredient Market Report is because the need for protein is rising, and as a result, goods with dairy ingredients are more popular among consumers as sources of protein. Future sales of dairy ingredients will rise as a result of expansion in the economy and ongoing investments in technology.
The aging of the population and the rising number of health problems are causing people to switch from unhealthy diets to nutritional diets instead of eating junk food and fast food.
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Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 6.9%
- Forecast Market Size (2030): 108.4 Billion
Consumers are embracing a dairy-free diet due to the rise in cases of lactose intolerance, allergies to milk or milk-based products, and a move toward vegan diets and healthy lifestyles. The market for dairy ingredients is facing difficulties due to the rising demand for dairy substitutes.
Increased manufacturing of processed foods and innovations in markets like infant formula, processed meat products, dairy, bakery goods, and functional food & beverages may be the main drivers of this demand.
Global Dairy Ingredient Market Insights, Size and Growth Forecast To 2030
COVID-19 impact on Dairy Ingredient Market:
As a result of the COVID-19 outbreak, there have been significant changes in demand, bottlenecks in farm labor, processing, transport, and logistics, and severe medical, social, and economic challenges. These changes have had a simultaneous impact on farm production, food processing, transport, and logistics, as well as demand. Manufacturers, suppliers, and retailers struggled to guarantee a steady supply of dairy ingredients in the market as a result of an unforeseen disruption in supply chains during the epidemic. Although the COVID-19 epidemic has been greatly impacted by the supply, the demand for dairy ingredients has not changed.
Industry Definition and Major Segments:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
Global Dairy Ingredient Market, By Type:
- Milk Powder
- Other types
Global Dairy Ingredient Market, By Form:
Global Dairy Ingredient Market, By Application:
- Bakery & confectionery
- Dairy products
- Sports nutrition products
- Infant formulas
- other applications
Global Dairy Ingredient Market, By Livestock:
- Other livestock
Global Dairy Ingredient Market, By Region:
- North America
This research also includes important market drivers and restraints for the forecast period. The study also covers several developments potential.
Key Market Players:
The global Dairy Ingredient Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; AMCO Proteins, Arla Foods, Batory Foods, Dairy Farmers of America, Fonterra Co-operative Group, FrieslandCampina, Glanbia, Groupe Lactalis, Hoogwegt Group, Ingredia SA, Kerry Group, Ornua, Prolactal, Saputo, Valio.
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SPER Market Research study aims to provide market dynamics, demand, and supply with a yearly forecast for 2030. We have served over 20 industries, with core offerings in Pharmaceutical/Healthcare, Business to Business research (B2B), Nutraceuticals, Food & Beverages, cosmetics, Dermatology, Dental, Herbal, Chemical, Consumer, Information Technology, and other industries.
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