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Dairy Ingredients Market by Type, Source, Nature, Application, and Region - Global Forecast to 2022

Dairy Ingredients Market: Global Forecast until 2022

  • October 2016
  • 159 pages
  • ID: 4259109
In this report:
The demand for convenience food is also growing at a high pace; According to the report, "Consumer Demand for Convenience Foods: Demographics and Expenditures", about ##% of Americans prefer buying convenience food and ##% more consumers use convenience food compared to in 2001.
It is also expected to grow at the highest rate of ##.##% from 2016 to 2022, due to increase in the disposable income of the individuals in this region and also the growing awareness about the importance of high-quality nutrition from dairy ingredients.

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"Dairy ingredients market is estimated to rise at a compound annual growth rate of ~5.6 percent"

The overall dairy ingredients market is forecasted to grow significantly from an estimated value of ~$45.5B in 2015 to ~$66.1B by 2022, at a compound annual growth rate of ~5.6 percent. There has been a gradual shift in consumers' choice from traditional foods to nutritional meals. The aging population and rise in health issues have led to a increase in demand for protein-based diets, thus growing the industry demand for dairy ingredients, globally. Additionally, the health & wellness trend also acts as a top driving factor, which fuels the consumption of dairy ingredients. Alternatives to dairy ingredients, including plant protein, is a main factor restraining the increase of this market.

"Milk is the biggest source for manufacturing of dairy ingredients"

Milk is the prime source from which dairy ingredients are manufactured. Accessibility and production of milk is higher than whey, hence milk accounts for a relatively larger market share. The milk segment is expected to rise at the highest CAGR (Compound annual growth rate).

"Whey ingredient is the quickest-increasing type in the dairy ingredients market"

The whey ingredient segment is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period as whey is a complete protein with all essential amino acids and low lactose content. The milk protein focus segment is forecasted to be the second quickest-rising dairy ingredient from 2016 to 2022.

"Asia-Pac: The quickest-increasing dairy ingredients market"

The APAC market is expected to register the more important increase by 2022, due to the significant growth in the health awareness level in consumers and the increase in demand for healthy and nutritional food products. The rise in this area is supplemented by the increase in per-capita expenditure and change in food habits, especially in economies including China and India (IN).

Break-up of Primaries:

- By Company category - Tier 1 -45 %, Tier 2 -37.0 percent, and Tier 3 - 18.0 percent

- By Description - C-suite - 62.0 percent and Grade of manager - 38.0 percent

- By area - North america (NA) - 25.0 percent, Europe - 23.0 percent, Asia-Pacific - 40.0 percent, and rest of the world - 12.0 percent

Scope of the Report:

The dairy ingredients market has been split on the basis of type, application, source, and nature which are further divided into their subsegments. It has also been broken down on the basis of area into North America continent, Europe (EU), Asia Pacific (APAC), and the Rest of the globe.

Why acquiring this study can help you:

- To get a comprehensive overview of the overall dairy ingredients market

- To benefit wide ranging information about the top actors in this market, their products review, and top strategies approved by the actors.

- To benefit insights of the countries/localities in the dairy ingredients sector

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