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Dublin, December 23, 2020 (GLOBE NEWSWIRE) – The report “North America Dairy Ingredients Market – Growth, Trends and Forecasts (2020-2025)” has been added to ResearchAndMarkets.com from offer.
The North American dairy ingredients market is expected to register a CAGR of 4.77% during the forecast period 2020-2025. The dairy ingredients market has been supported by the boom in gym culture, the growing athlete population, and their prerequisite for following a strict high protein diet. Additionally, as dairy ingredients are a very effective source of protein for formulators as well as fitness enthusiasts, they are expected to continue to grow during the forecast period. However, increasing consumer demand for herbal 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 alternative protein ingredients are estimated to exceed the growth of whey ingredients during the forecast period. The pandemic has taxed dairy farmers in several ways, the first being the management of dairy animals and second, the marketing and sale of milk and other by-products. There has been a drastic drop in milk prices, which has further affected the industry.
Main market trends
Whole milk powders boosted market sales
The whole milk powder market is driven by its application in various end user industries, mainly in the baking industry. In baked goods, whole milk powder is widely used in the manufacture of Viennese pastry. Other important applications of whole milk powder are in confectionery products, ready meals, desserts, ice cream, fresh dairy products and coffee coloring, among others. The Food and Agriculture Organization of the United Nations said that after three years of contractions, world exports of whole milk powder reached 2.46 million metric tons in 2018, registering an annual increase of 1 , 7%. Several US dairy manufacturers are currently expanding the production of whole milk powder (WMP) or are building new factories. The expansion is primarily in response to export demand, reflecting the growing commitment of the US dairy industry to the needs of global customers. This volume will continue to grow as new WMP facilities currently planned are brought into service in the coming years.
The United States dominates the dairy ingredients market in the region
The United States is one of the world’s largest consumers of processed food and drink products, such as confectionery, bakery, dairy, and more, which in turn increases the use of ingredients. dairy products from year to year, thus further stimulating its production in the country. The growing importance of nutritional fortification in foods and beverages, due to increased awareness of maintaining healthy lifestyles among individuals, is having a strong positive impact on the dairy ingredients market in the country . In addition, dairy ingredient companies manufacture ingredients that can be safely consumed by consumers, such as rBST-free, gluten-free, GMO-free and certified Kosher and Halal ingredients.
Main topics covered:
1. INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market factors
4.2 Market constraints
4.3 Porter’s five forces analysis
5 MARKET SEGMENTATION
5.1 By type
5.2 By application
5.3 By geography
6 COMPETITIVE LANDSCAPE
6.1 Most adopted strategies
6.2 Analysis of the market position
6.3 Company profiles
6.3.1 Arla Foods P / S Ingredient Group
6.3.2 Dairy Farmers of America, Inc.
6.3.3 Fonterra Co-Operative Group Limited
6.3.4 Royal Campina of Friesland
6.3.5 Kanegrade Ltd
6.3.6 Saputo Inc.
6.3.7 Lactalis Group
6.3.8 Kerry Group PLC
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, visit https://www.researchandmarkets.com/r/9zasgf
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