(Entertainment-NewsWire.com, September 19, 2018 ) According to Verified Market Intelligence, the global dairy ingredients market was valued at USD 48.01 billion in 2016 and is projected to reach USD 77.07 billion by 2025, growing at a CAGR of 5.4% from 2017 to 2025.
Dairy ingredients are the substances which are extracted from dairy products to prepare various other food and beverage products such as bakery stuff, desserts, soups, chocolates, ice cream etc. These ingredients are stored in the form of a liquid, dry and concentrated. It is classified into traditional diary ingredient such as butter, cheese, yogurt etc. and nontraditional diary ingredients such as whey powder, whey protein, lactose etc. These ingredients provide essential nutritional value as it comprises a required amount of nutrients, minerals, vitamins, and proteins.
Rising demand for bakery products and growing health awareness has been driving the global dairy ingredients market. While the growing popularity of plant proteins might hinder the overall growth at a global level.
Competitive Landscape:
The major players in the market are as follows:
Volac International Limited Frieslandcampina Devondale Murray Goulburn Saputo Inc. Fonterra Co-Operative Group Limited Groupe lactalis Euroserum Glanbia PLC Dairy Farmers of America Arla Foods
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