Dairy By-Products Market: Industry Analysis and Opportunity and Forecast to 2027

 Market Overview

Dairy by-products are used to prepare functional foods & beverages, dietary supplements, and nutraceutical products. The high demand of functional drinks and protein supplements is supporting the growth of the global dairy by-products market. Rise in health concerns is one of the major factors contributing to growth of the market.

Competitive Analysis:

The major players in Dairy By-Products Market,

  • Nestle S.A. (Switzerland)
  • Danone, Inc. (Canada)
  • Groupe Lactalis S.A. (France)
  • Dairy Farmers of America, Inc. (U.S.)
  • Koninklijke FrieslandCampina NV (the Netherlands)
  • Fonterra Co-operative Group Ltd. (New Zealand)
  • Arla Foods amba (Denmark)
  • Inner Mongolia Yili Industrial Group Co., Ltd. (China)
  • Saputo Inc. (Canada)
  • China Mengniu Dairy Company Ltd. (China)

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Downstream Analysis:
Dairy by-products are segmented on the basis of type, which includes whey, ghee residue and other by-products. Among both, the whey segment is dominating the market owing to its high usage in the production of protein beverages and nutritional supplements.

Dairy by-products are segmented on the basis of form, which includes liquid, powder, granules and others. Among all, the powder segment is dominating the market.

Dairy by-products are segmented on the basis of application, which includes functional food, functional beverages, nutraceuticals, dietary supplements, and others. Among all, the dietary supplements segment is dominating owing to its high functional and nutritional properties.

Regional Analysis

The global dairy by-products market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Among these North American region has the major market share followed by Europe. The U.S. is among the major producers of whey. Increasing demands of dietary supplements is supporting the growth of the market in North American and European region. Additionally, the major key players are actively involved in research & developments to develop superior quality functional products.

Furthermore, in Asia Pacific region China, Japan and India accounts for a major market share owing to increasing demand for functional beverages and dietary supplements from the consumers.

 

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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