Dairy By-Products Market Future Growth, Business Prospects And Forecast To 2023

 Market Insight

The dairy by-products market 2020 can attain a decent CAGR of 5.2% between 2017 and 2023 (analysis period), suggests Market Research Future (MRFR). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

Primary Drivers and Challenges

Government arbitration has been a major factor in the regulation of global market growth. The government bodies in the prominent dairy-producing nations like Canada are known for their active involvement in price and quantity monitoring of key dairy by-products. The government also monitors the techniques and processes involved in the storage of dairy by-products, with the aim to ensure the quality for extended durations and prevent wastage. Favorable regulations formed by the government to avoid fluctuations in global market prices and the increased prevalence of sedentary lifestyles are projected to benefit the global market. Bad eating habits along with the rising awareness level about nutritional foods among consumers also ensure that the dairy by-products market progresses smoothly over the coming years.



Market Segmentation

Type, form and application are the top market segments listed in the MRFR report.

Dairy by-products are available in different types, namely ghee residue, whey, and others. Among these, the whey segment controls the biggest share since it observes high use in the manufacturing of protein beverages as well as nutritional supplements.

Dairy by-products come various forms, such as granules, powder, liquid, and others. Between these, the powder segment is in the lead with the primary reason being the soaring use in functional food & beverages and supplements. The powdered form is comparatively stable and easy to use compared to other forms.

The key applications of these products are functional beverages, functional food, dietary supplements, nutraceuticals, and more. The dietary supplements note significant demand due to their high nutritional and functional properties.

Regional Study

The regional study of the dairy by-products industry has covered Europe, Asia Pacific/APAC, North America, along with rest of the world (RoW).

The biggest market for dairy by-products is North America, while Europe is the second most lucrative region. The substantial demand for nutritional rich products with high protein content in the United States has boosted the sales of dairy by-products. High awareness among people about the nutritional content in various products and the rising introduction of modern equipment for milk processing also add to the regional market’s value. The bakery sector in the region is one of the key end-users that make extensive use of dairy by-products like cheese, butter and cream, for producing varieties of bread and biscuits.

APAC is touted to be the fastest progressing market between 2017 and 2023, since the region is observing a massive demand for dietary supplements. Expanding population, surging uptake of dairy products, and the rapid economic development in the region also act as key growth rendering factors in the regional market.

Key Market Firms

Some of the key market firms mentioned in the MRFR report include Danone, Inc. (Canada), Groupe Lactalis S.A. (France), Saputo Inc. (Canada), Fonterra Co-operative Group Ltd. (New Zealand), Nestle S.A. (Switzerland), Dairy Farmers of America, Inc. (U.S.), Koninklijke FrieslandCampina NV (the Netherlands), Inner Mongolia Yili Industrial Group Co., Ltd. (China), Arla Foods amba (Denmark), China Mengniu Dairy Company Ltd. (China), and more.

 

Comments

Post a Comment

Popular posts from this blog

Organic Soymeal Market Showing Prominent Growth In Present Year

Image
  As per Market Research Future (MRFR) analysis, the   organic soymeal market size   has witnessed increased demand over the last few years and is expected to cross USD 623.31 million by CAGR of 17.98% from 2017 to 2022 (forecast period). High nutritional value of organic soymeal and major protein supplement applications due to high protein content are likely to drive the global organic soymeal market over the forecast period. Market Dynamics The main drivers that affect demand for organic soybean on the global market are the growth of the organic food and feed industry. Increasing consumer perception of health benefits of organic foods as consumers strive for natural products with less chemicals and additives are key factors driving demand for organic soybean food products. The demand for organic soya bean is also expected to increase in the feed industry due to the growing demand for organic chicken, as the market for organic soya bean is rising among feed manufacturers. Moreover, th
Read more

Government Initiatives To Boost Various Moves Of Essential oil & Aromatherapy Market

Image
Market Overview : The essential oil and aromatherapy market size is set to have steady growth in the coming years. As per the market research report by industry experts, the global market for essential oils and aromatherapy will grow throughout the forecast period till 2023. The report provides an in-depth analysis of different market segments for new entrants and established businesses to make smart decisions backed by concrete information and data. The market research report includes key information about companies, their business practices, revenue, size, and also provides essential oil and aromatherapy market predictions by expert analysts. Segmentation For manufacturers, wholesalers, retailers, importers, and traders, the report provides essential oil and aromatherapy market segmentation analysis based on four key areas. The report further digs deeper into each of the sub-segments under these categories to provide better and a clear understanding of market trends to businesse
Read more

Flavor Enhancer Market Details: SWOT Analysis, New Project Investment Feasibility

Image
  Market Scope The new report from Market Research Future (MRFR) presents a detailed analysis of the  flavor enhancer market  by providing readers with a comprehensive overview of the market’s historical trajectory. The leading drivers and restraints affecting the global flavor enhancer market are assessed in detail in the report. Market Segmentation Type, ingredients, form and application are the key market segments highlighted in the MRFR study. The types of flavor enhancers available in the market are natural as well as artificial. Natural flavor enhancers have gained the top spot and more preferred compared to artificial ones, since the latter induces side effects on its consumption. The different ingredients in the global market are acidulant, glutamate, hydrolyzed vegetable proteins, yeast extract, and others. The market for glutamate is the biggest while the yeast extract market can also witness significant growth over the conjectured timeline. Flavor enhances come in different
Read more