Dairy Ingredients Market by Type & Application - Global Trends & Forecasts to 2018

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Apr 03, 2014, 12:56 ET

DUBLIN, April 3, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/vb5tp4/dairy_ingredients) has announced the addition of the "Dairy Ingredients Market by Type & Application - Global Trends & Forecasts to 2018" report to their offering.

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The dairy ingredients market is fuelled by the increasing number of health-conscious consumers and the rising number of applications it can be used for. The multi-functionality of dairy ingredients has led to large-scale their adoption in numerous applications. Dairy ingredient have unique compositions which gives them an inherently high nutritional content. The technological development in this field has led to the development of innovative dairy ingredient which can be used in a wide variety of food and beverage applications. Increasing incomes, credibility in the health claims of dairy ingredient, and changing lifestyles are some of the deciding factors for their success.

Fast-paced lifestyles and increasing applicability are the key drivers for the dairy ingredient market. Overall, the global market indicates a flourishing market for food and beverage suppliers and manufacturers, where product innovation will be a key aspect to increase the market share. Milk protein concentrates and milk protein isolates are the fastest growing segments followed by whey ingredients. Europe and North America dominate the market for dairy ingredient and are expected to grow at a slow pace. Asia-Pacific, Latin America, and the Middle East & Africa exhibit promising growth in the coming years.

The alternatives to dairy ingredients like plant proteins and the increasing incidences of lactose intolerance and milk allergies hinder the growth. The technical expertise in the innovation of these ingredients increases its usage in various applications, but it also increases the cost of the final product. Moreover, the rising milk prices and irregular supply of milk affect the market as a whole.

The early movers in the industry are likely to benefit in terms of market share; however, it is important that they focus on innovating dairy ingredient that have wide applicability and are supported by competitively priced production technologies. Extensive research is required to develop cost-efficient manufacturing equipment for dairy ingredients; companies are hence aiming to invest in R&D for the same. In addition, manufacturers have ensured extensive communication with the consumers in terms of legitimate assertions for health benefits of these products. Such communications, substantiated with scientific publications, are bound to help consumer faith, and in turn gain profits in the market.

The dairy ingredient market consists of various stakeholders such as suppliers, ingredient processors, research institutes, food and beverage companies, traders, distributors, and consumers. The companies enjoying sizeable market share are Glanbia PLC (Ireland), Fonterra Co-Operative Group Limited (New Zealand), Dairy Farmers of America (U.S.), Arla Foods (Denmark), FrieslandCampina (The Netherlands), and others.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Industry Analysis

5 Total Addressable Market

6 Premium Insights

7 Dairy Ingredients Market, By Geography

8 Dairy Ingredients Market, By Type

9 Dairy Ingredients Market, By Application

10 Competitive Landscape

11 Company Profiles