(Entertainment-NewsWire.com, March 13, 2018 ) The report "Dairy Whitener Market by Application (Infant Formula, Confectionaries, Bakeries, Nutritional Foods), And by Distribution Channels (Convenience Stores, Supermarkets And Hypermarkets, Food And Drinks Specialists) - Forecast to 2022", The Dairy Whitener market is expected to reach USD 14.91 Billion by 2022 from an estimated USD 11.5 Billion in 2017, at a CAGR of 5.89%. The key factors such as rapid urbanisation rates, growth in disposable incomes and population strength coupled with the changing dairy habits are driving the growth of this market.
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By application, the infant formula segment accounted for the largest share of the market in 2017
On the basis of application, the Dairy Whitener market has been segmented into infant formula, confectionaries, bakeries and nutritional foods. The infant formula segment accounts for the major market share owing to the increase in birth rates and decrease in mortality rates which has led to a rise in infant population, and infant formulas are the go-to products for providing nutrition to babies.
By distribution channels, the super markets and hypermarkets segment accounted for the largest share of the market in 2017
On the basis of distribution channels, the Dairy Whitener market has been segmented into convenience stores, supermarkets and hypermarkets, and food and drinks specialists. In 2017, the organized segment of supermarkets and hypermarkets accounts for the largest share of the global Dairy Whitener market whereas specialty stores are the fastest growing segment.
Asia Pacific accounted for the largest share of the Dairy Whitener market in 2017, followed by North America. The large share of the Asia Pacific Dairy Whitener market can be attributed to the rapidly growing population, urbanization and the huge of milk beverages such as tea in the developing economies of India and China.
The various players in the Dairy Whitener market include Nestlé, Fonterra, Danone, Friesland Campina, Amul, Lactalis, Arla Foods, Dean Foods, Muller, Dairy Farmers of America, Schreiber Foods, Mother Dairy, Sodiaal, Land O’ Lakes, Mengniu, Morinaga Milk Industry, Saputo, Yili Group, and Kraft Heinz.
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