(Entertainment-NewsWire.com, January 31, 2018 ) The Europe Dairy Ingredients Market is expected to grow at a CAGR of 3.37% and reach USD 10.2 billion in 2021 from USD 8.64 billion in 2016. The Dairy Ingredients market is expected to show evident potential in the forecasting period. The market continues to build up momentum with growing awareness among people about health concerns and wellness.
Market Conditions: Dairy ingredients are one of the most important parts of the production of dairy and other food products. Their primary uses include, enhancing the nutrition value, adding flavors, and other functions like emulsification and solubility.
The dairy ingredients have shown high potential in their applications among new products, and therefore have shown a rapid growth over recent years. Further, other factors contributing to the growth of the market include, increasing applications in nutrition and convenience foods, rise in demand for bakery products, growth in dairy production, emerging markets across various regions. The market also faces some restraints, which include the availability of alternatives like plant proteins, increasing incidences of lactose intolerance as well as allergies, and adulteration of dairy products. These few factors are responsible for hindering the growth of the market.
Europe Dairy Ingredients Market Segmentation: • By Form: Introduction, Milk and Whey • By Type: Introduction, Milk Powder, Whey Ingredients, Milk Protein Concentrates, Milk Protein Isolates, Lactose & Derivatives, Caasein & Caseinates and Milk Protein Hydrolysates • By Application: Introduction, Bakery & Confectionery, Infant Milk Formulas, Dairy products, Convenience Foods and Infant Milk Formulas • By Geography: Introduction, UK, Spain, Germany, Italy and France Some of the key companies in Europe Dairy Ingredients Market are: • Frieslandcampina • Groupe Lactalis • Fonterra Co-Operative Group Limited • Devondale Murray Goulburn • Dairy Farmers of America • Glanbia PLC • Arla Foods • Euroserum • Saputo Inc. • Volac International Limited
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