Food & Beverage Perspectives
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Global Dairy Ingredients Sector to Hit $59 Billion by 2020

<p>The global dairy ingredients sector is projected to reach US$59.8 billion by 2020 at a compounded annual growth rate (CAGR) of 5.6 percent from 2015, according to a new report from MarketsandMarkets. The Asia-Pacific region dominated the market in 2014 and accounted for the largest share in 2014. The milk powder segment was the largest by type, whereas dairy products accounted for the largest market, in terms of application, in 2014.</p>

The global dairy ingredients sector is projected to reach US$59.8 billion by 2020 at a compounded annual growth rate (CAGR) of 5.6 percent from 2015, according to a new report from MarketsandMarkets. The Asia-Pacific region dominated the market in 2014 and accounted for the largest share in 2014. The milk powder segment was the largest by type, whereas dairy products accounted for the largest market, in terms of application, in 2014.

Global demand for a wide variety of dairy products has been on an upward trend over the past few years as a result of changing consumer dietary patterns, increasing consumer awareness regarding the nutritional values of dairy products, and demand for convenient and clean-label products. What’s more, the aging population and increasing health issues leads to increase in the demand for protein-based diets, increasing the demand for dairy ingredients, globally

Dairy ingredients are those that are obtained by processing any dairy or a dairy-based product. Fluid milk is the principal raw material used for extracting various ingredients such as milk protein isolate, milk protein concentrate, whey proteins, lactose, casein and milk powder.

Dairy ingredients’ unique protein, carbohydrate, fat and mineral composition contributes functional, as well as nutritional, benefits to foods and beverages, and product developers are tasked with producing results that don’t sacrifice taste or function. Globally, these are extensively used in a variety of food categories such as bakery, dairy, beverages, sports nutrition meat, confectionery, infant nutrition, and clinical nutrition, among others.

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