Dairy By-Products Market Share Research : Segment, and Regional Forecast, 2030
The
global dairy by-products market is estimated to expand at an impressive CAGR
during the forecast period owing to increasing awareness about consumption of
the nutritious food. Additionally, the factors such as increasing per capita
income coupled with changing inclination toward the healthy food is driving
growth of the global dairy by-products market.
However,
the industry is facing challenge due to perishable nature of milk; thus, the
key players are investing increasingly for introducing technologies to overcome
the problem. This increasing investment for adopting the advanced technologies
and innovations for milk and dairy products is estimated to propel the market
growth. The demand for milk and milk products such as butter and cheese as the
population is increasing is fueling growth of the global dairy by-products
market.
Demand
for milk and milk products such as cheese and butter are increasing daily with
increase in world population. High-end technology is required to meet these
needs by increasing the milk processing capacity and maintaining the quality of
the product. The dairy industry is highly localized owing to perishable nature
of milk products. According to the FAO, only 7% of milk in the U.S. is
exported. Dairy products are exported to the regions where climatic conditions,
unmet demand supply ratio, unfavorable government measures and change in
exchange rates play a major limiting role. Use of technologically advanced
transportation measures for maintaining the efficiency and quality of milk
products during long distance export are also anticipated to boost the market
growth.
Government
arbitration plays a major role in regulating the market growth. Government in
key dairy production countries such as Canada monitors the pricing structure
and production quantities of main dairy products. it also monitors the process
of storing the dairy products in order to maintain the quality of these
products for longer durations and avoid unnecessary wastage. Favorable rules
and regulation are formed by government bodies in order to protect them from
fluctuations in foreign market prices
According
to the MRFR reports, the global Dairy By-Products Market Share is likely to attain a
over USD 584.3 Billion by the end of 2030 while flourishing at a healthy CAGR
of over 5.4% during the forecasted era.
Competitive Analysis:
Some
of the major companies in the global dairy by-products market include Danone,
Inc., Nestle S.A., Dairy Farmers of America, Inc., Groupe Lactalis S.A.,
Fonterra Co-operative Group Ltd., Koninklijke FrieslandCampina NV, Arla Foods
amba, Saputo Inc., Inner Mongolia Yili Industrial Group Co., Ltd., China
Mengniu Dairy Company Ltd.
Segmentation:
The
dairy by-products market is segmented on type, form, application, and region.
On
the basis of type, the dairy by-products market report is segmented into whey
and ghee residue. Of these, whey segment is estimated to remain dominant in the
dairy by-products market owing to higher demand for the protein beverages and
nutritional supplements.
On
the basis of form, the market report is segmented into liquid, granules, and
powder. Of these, powder segment is predicted to remain dominant in the overall
market in the coming years owing to increasing usage of supplements and
functional foods.
On
the basis of application, the dairy by-products market is segmented into functional
food, nutraceuticals, functional beverages, dietary supplements, and beverages.
Among these, dietary supplements segment is likely to dominant in the market in
the coming years owing to demand for the functional as well as nutritional
food.
Regional Analysis:
Regionally,
the Dairy By-Products Market Trends are segmented into the
Americas, Asia-Pacific, Europe, and Middle East & Africa. Of these, North
America is estimated to remain dominant in the global dairy by-products market in
the coming period owing to the rising demand for the nutritional protein-based
food products. Additionally, the European region is estimated to stand on the
second position in terms of revenue owing to the considerable backing from
robust demand for the dairy by-products. However, Asia Pacific is estimated to be
fastest growing region owing to the escalating demand for dietary supplements
in the population. In addition to this, largest population as well as one of
the largest producers of the dairy products, which is likely to boost dairy
by-products market.
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