Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
According to the report “North America Dairy Ingredients Market by Form (Milk, Whey), by Type (Milk Powder, Whey Ingredients, Milk Protein Concentrates, Milk Protein Isolates, Lactose & Derivatives, Casein & Caseinates, Milk Protein Hydrolysates), by Application (Bakery & Confectionery, Dairy Products, Convenience Foods, Infant Milk Formula, Sports & Clinical Nutrition), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” published by Market Data Forecast, the North America Dairy Ingredients Market is expected to reach USD 8.86 billion by 2021 from USD 7.2 billion in 2016, growing at a CAGR of 4.23%.
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The Dairy Ingredients market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with people getting more aware about their health and wellness over the recent years.
Dairy ingredients are one of the most important part of the production of dairy and other food products.Their primary uses include, enhancing the nutrition value, adding flavours, and other functions like emulsification and solubility.
The dairy ingredients have been showing high potential in their applications in new products, thus showing a rapid growth around recent years. Other key factors contributing to the growth of the market include, increase in demand for bakery products, growing applications in nutrition and convenience foods, increasing dairy production, emerging markets across various regions.
The market has been facing some restraints as well, which include rising incidences of lactose intolerance and allergies, available alternatives like plant proteins, adulteration of dairy products. These factors have been responsible for hindering the growth of the market.
The North America Dairy Ingredients Market is segmented by type, form and application. The market segmentation based on type is done into whey ingredients, milk powder, milk protein concentrates, lactose & derivatives, milk protein isolates, casein & caseinates, milk protein hydrolysates.
On the basis of form, the segments are milk and whey. Based on segmentation by application the market is categorized into bakery & confectionery, convenience foods, dairy products, sports & clinical nutrition, infant milk formula.
On the basis of geography, the North America market is analysed under various regions namely United States and Canada.
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Some of the leading companies dominating market are:
- Dairy Farmers of America
- Fonterra Co-Operative Group Limited
- Glanbia PLC
- Arla Foods
- Saputo Inc.
- Groupe Lactalis
- Volac International Limited
- Devondale Murray Goulburn
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