Global Milk Ingredients Market

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Global Milk Ingredients Market
Global
Milk Ingredients
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016 – 2026
Future Market Insights
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Report
Description
Report Description
Milk ingredients are the type of ingredients rich in essential nutrients. Milk ingredients are of
various types including casein, lactose and milk protein concentrate and milk protein isolates.
Milk has a relatively limited shelf life, but its ingredients possess relatively longer shelf life. Milk
ingredients are used in various applications such as in supplementary foods and ready to use
foods. Various milk ingredients such as casein and caseinates are rich in protein and amino acids
which have various health benefits associated with its consumption.
Milk Ingredients Market Segmentation
The milk ingredients market is expected to experience noticeable growth in the forthcoming
years owing to the rising demand for the protein rich food products among consumers Global
milk ingredients market is segmented on the basis of ingredients type, application and region.
Based on the ingredients type segmentation includes milk powder, casein and caseinates, milk
protein concentrates and isolates and others. Of which milk powder is expected to be the
dominating segment, followed by casein and caseinates. Milk powder is expected to contribute
maximum revenue during the forecast period owing to the rising baby boomer population
coupled with expanding pharmaceutical industry. However, caseine and caseinates are expected
to witness remarkable growth in the coming four to five years. On the basis of application milk
ingredients market is segmented into dairy products, ice-cream, beverages, infant formula, food
supplements, sports products and others. Among all the application sub segment, dairy products
sub segment is expected to contribute highest market share followed by beverages sub segment.
Report
Description
Report Description
However infant formula sub segment is expected to experience fastest growth in the next four
to five years due the rising baby boomer .Global milk ingredients market is segmented on the
basis of region into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific
excluding Japan, Middle East and Africa and Japan.
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Milk Ingredients Market: Region-wise Outlook
The global milk ingredients market is expected to witness significant growth over rising number
of health conscious consumers coupled with rising consumption of beverages, dairy, infant milk
formula and functional food. Globally, among all regions, Western Europe is expected to
contribute highest market share, followed by North America over the forecasted period.
However Asia Pacific is anticipated to experience the highest growth in the coming years owing
to the rising consumer awareness related to the specialty nutrition sector which eventually
results in growing market for milk ingredients.
Milk Ingredients Market: Drivers
Various factors that promotes the growth of milk ingredients market includes rising levels of
health conscious consumers coupled with growing baby boomer population.
Report
Description
Report Description
The milk ingredients market growth is primarily attributed to the expanding end user industries.
Other factors that are also expected to support the growth of milk ingredients market is
increasing desire of consumers to consume various food products that contain milk ingredients
functional food, beverage, dairy, meat products, and infant milk formulas. Furthermore, rising
disposable income of the consumers coupled with increasing consumer’s inclination to pay
premium price for food products with various health benefits is a key driver of the overall milk
ingredients market. Major factor that is expected to restraint the growth of the milk ingredients
market is lack of consumer awareness related to the various fortified products that includes
various type of milk ingredients.
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Milk Ingredients Market: Key Players
Companies operating in milk ingredients market include Adams Food Limited, Danone SA,
Fonterra Co-operative Group, Glanbia plc, Dairy Farmers of America, Arla Foods Ingredients
Group P/S, Friesland Campina, and Cayuga Milk Ingredients. Companies operating in the milk
ingredients market are continuously launching the various types of ingredients in order to cater
to the evolving needs of the consumers and also to grab the maximum market. Moreover,
companies are focused towards entering the new markets by expanding the distribution
network.
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