For instance, Danone S.A., a French multinational food-products corporation, hain celestial group recently acquired several leading plant-based brands, such as Silk, Vega, and Alpro to strengthen its vegan products portfolio. The dairy alternatives market growth is primarily driven by lactose-intolerant consumers. The global dairy alternatives market size was valued at USD 12.08 billion in 2018 and is projected to reach USD 25.12 billion by the end of 2026, exhibiting a CAGR of … The global dairy market has witnessed a moderate growth over the past few years. Processors usually encounter challenges with solubility issues and taste while developing non-dairy products. This is a very good piece of work and will be very helpful to us going forward. Moreover, dairy products containing probiotics help in enhancing the good bacteria in the gut and improving overall health. The segment is still dominating the global marketplace owing to the favorable demand for dairy alternatives, increasing interest among the key giants and private-label players to develop milk from plant-based sources, and strong growth potential for vegan beverages. Cow milk is most popular, accounting for the majority of the market share. Apart from this, dairy products also offer numerous health benefits such as maintaining strong bones, supporting body growth, building and repairing muscle tissues, promoting good vision and regulating blood pressure. In addition to this data, the report provides insight into drivers of market demand and strategies of suppliers. With the increasing population, the consumption of milk and milk products has increased globally. Your email address will not be published. The report covered all the points and was very detailed. Profit from additional features by authenticating your Admin account. © 2019 Market Data Forecast All Rights Reserved. Revenue of the cosmetic industry in the U.S. Value of the leading 10 textile exporters worldwide, Vegetable oils: global consumption by oil type 2013/14 to 2019/2020, Cocoa bean production worldwide 2018/19 & 2019/20, by country, World coffee per capita consumption: major consumer countries, Cosmetics Industry in the U.S. - Statistics & Facts, Research expert covering agriculture & FMCG, Profit from additional features with an Employee Account. and over 1 Mio. As awareness of maintaining a healthy lifestyle for people increases, the importance of strengthening food and beverage nutrition is supposed to have a positive impact in the next eight years. Browse full report on the global dairy market with TOC: https://www.imarcgroup.com/global-dairy-market. Looking forward, IMARC expects the market to reach a value of US$ 1032.7 Billion by 2024, growing at a CAGR of around 8% during the next five years. Different countries of this region covered in this report are United Kingdom, Germany, Spain, Italy, France and Rest of Europe, Asia Pacific Dairy Ingredients Market is poised to reach USD xx million by 2025.The countries of Asia-Pacific covered in this report are India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC. The global dairy alternatives market is moderately consolidated with the significant presence of key dairy giants. Very satisfied with the overall report as it has helped me to build strategies for my business”, “This is regarding the recent report I bought from Fortune Business insights. What are the key factors driving market growth? One of the key restraints in the market is the organoleptic profiles of such novel products. Please contact us to get started with full access to dossiers, forecasts, studies and international data. | Asia: +91-120-433-0800 By continuing to visit this site you agree to our use of cookies . The intolerance towards lactose (a sugar found in milk) is because of the absence of the enzyme called lactase that breaks down lactose. . However, lactose has crystallization properties and the hydrolytic activity of the enzyme lactase, which is very important for frozen and confectionery products. Global Cheddar Cheese Market: The cheddar cheese market size has the potential to grow by USD 4.76 billion during 2020-2024, and the market’s growth … Asia-Pacific is the fastest-growing region in the market due to events such as the increase in disposable income of the population in emerging markets, including China, India, Bangladesh, Thailand, Malaysia and Indonesia. Dairy Ingredients Market Growth and Forecast (2020-2025): Recent Developments in Dairy Ingredients Industry: On March 27, 2018, the French dairy cooperative Laita and its subsidiary Epi Ingredients launched a new nutrient, ESI Nutrition. Exhibiting a CAGR of 9.79%, this market will exhibit robust growth in the forecast period (2019-2026). Consumers are increasingly motivated to seek innovative plant-based products. Additionally, the evolution and improvisation in dietary lifestyles, such as veganism and flexitarianism are also fueling the demand for plant milk and associated dairy alternative products. Dairy is defined as a business enterprise that deals with the processing and harvesting of animal milk for human consumption. These five products are rich in protein with high-fat content and are available in 5 countries, including India, Turkey, Greece and Lebanon. Developed markets of North America and Western Europe have showcased remarkable decline in the volumetric and value-based consumption of specific dairy categories over the past two decades. It looks quite comprehensive and the data is exactly what I was looking for. Please authenticate by going to "My account" → "Administration". It is presumed to break new ground during propensity movement forecasts in the upstream oil and gas sector to facilitate investment in the food sector and national drinks by governments of countries in the Middle East such as Saudi Arabia, United Arab Emirates and Qatar. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Therefore, food manufacturers can choose suitable dairy ingredients to ensure the quality of food. Linkedin: https://www.linkedin.com/company/imarc-group. The competitive intensity of the market is expected to enhance during the foreseeable years if such globally recognized players develop and offer dairy alternatives that are not only nutritionally adequate and environmentally sound, but also economical and acceptable. Global … MEA is expected to grow at an average annual rate of 3.1% from 2016 to 2024. You need a Single Account for unlimited access. . Almond milk is low in calories and recently, almond-based non-dairy products are witnessing stronger acceptance rates in North America, Europe, and Australian beverage markets. As a Premium user you get access to the detailed source references and background information about this statistic. Register in seconds and access exclusive features. . Epigamy launched India's first lactose-free boat, which has creamy texture, low-fat, high-protein Greek yogurt. The market for dairy ingredients finds coverage in Europe, North America, Latin America, Asia Pacific and the Middle East and Africa. Recent developments in advanced technologies, such as adsorption chromatography, have created elements with prebiotic benefits, making them an excellent opportunity for market growth. Middle East and Africa Dairy Ingredients Market, Middle East and Africa Dairy Ingredients Market is poised to reach USD 3.65 billion by 2021 - 139. Knowledge of the functional properties of dairy ingredients enables food technicians to utilize possible contributions to the product's features to meet consumer expectations. “Non-dairy Milk Segment to Lead Owing to Favorable Demand Dynamics”. Sheridan, Wyoming, USA, Feb 19, 2020 (Wired Release) IMARC Group According to the global dairy market report by IMARC Group, the market reached a value of US$ 673.8 Billion in 2018. Furthermore, the water and carbon footprint for milk and dairy commodities is significantly higher than that of the horticultural products. Which is the leading product type in the market? Chart 1: Market-size - Global Dairy Industry (2009-2014) Chart 2: Global Dairy Industry Forecast (2015-2019) Chart 3: Global Milk Production (2010-2014) Looking forward to work together on similar projects”, “We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. “Supermarkets/Hypermarkets Segment to Dominate the Market; Online Retail Segment to Witness Fastest Growth”. Global Cheddar Cheese Market: The cheddar cheese market size has the potential to grow by USD 4.76 billion during 2020-2024, and the market’s growth …
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