Dublin, December 23, 2020 (GLOBE NEWSWIRE) – Added to the report “North American Dairy Ingredient Market – Growth, Trends, and Projections (2020 – 2025)” ResearchAndMarkets.com’s offering.
The North American Dairy Ingredients Market is expected to record a CAGR of 4.77% in the forecast period, 2020-2025. The market for dairy ingredients has been supported by adhering to gym culture, increasing the number of athletes, and the need to follow strict protein-based diets. In addition, dairy ingredients as a source of protein are very effective for formulators as well as people with a healthy diet ready for further growth in the forecast period. However, growing consumer demand for plant-based products and veganism trends in the regional market can be seen as a potential threat to the market in the coming years. In this regard, the other protein constituents are considered to outperform the growth of whey ingredients during the expected period. The pandemic has taxed dairy farmers in a number of ways, firstly in the management of dairy animals and secondly, in the marketing and sale of milk and other by-products. There has been a sharp fall in milk prices, which has had a further impact on the industry.
Key market trends
Whole milk powder reduces market sales
The market for whole milk powder is driven by its application in several end-user industries, especially in the bakery industry. In bakery products, whole milk powder is mainly used in the making of Viennese pastry. Other obvious applications of whole milk powder are in confectionery products, ready-made dishes, desserts, ice cream, fresh dairy products, and coffee coloring, among others. The Food and Agriculture Organization said that after three years of bankruptcy, global milk powder exports reached 2.46 million metric tons in 2018, recording a 1.7% YoY increase. A number of U.S. dairy manufacturers are now expanding whole milk powder (WMP) production or in raising new plants. The expansion is largely in response to export demand, reflecting the U.S. dairy industry’s ever-increasing commitment to strengthening the needs of global consumers. This number will continue to grow as more new WMP resources currently planned go online in the coming years.
The United States regulates the Milk Ingredients Market in the region
The United States is one of the world’s largest consumers of processed food and beverage products, such as sugars, bakery, milk and others, which in turn increases milk ingredient consumption year after year. years, therefore, leading to further production in the country. Increased visibility of nutritional supplements in food and beverages, due to increased awareness of maintaining healthy lifestyles among individuals is having a positive impact on the country’s dairy ingredients market. In addition, dairy ingredients companies manufacture these ingredients that consumers can eat safely, such as rBST-free, gluten-free, non-GMO, and Kosher and Halal certified.
Key topics covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 SUMMARY
4 MARKET DYNAMICS
4.1 Market drivers
4.2 Market barriers
4.3 Porter Force Five Review
5 MARKET VIEW
5.1 By type
5.2 By Request
5.3 According to Geography
6 COMPETITIVE LAND
6.1 Adopted Strategies
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 Arla Food Ingredient Group P / S.
6.3.2 American Dairy Farmers, Inc.
6.3.3 Fonterra Co-operative Group Limited
6.3.4 Royal Campus Friesland
6.3.5 Kanegrade Limited
6.3.6 Saputo Inc.
6.3.7 Groupe Lactalis
6.3.8 Kerry Group PLC
7 MARKET OPPORTUNITIES AND FUTURE RESULTS
For more information on this report, visit https://www.researchandmarkets.com/r/9zasgf
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