Press release
Cultured Non-Fat Dairy Ingredients Market Analysis 2024: Trends and Insights
Cultured Non-Fat Dairy Ingredients
The Business Research Company presents an extensive market research report on the Cultured Non-Fat Dairy Ingredients Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The cultured non-fat dairy ingredients market size has grown strongly in recent years. It will grow from $13.38 billion in 2023 to $14.19 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to industrial automation, stringent regulatory compliance, rise of iot (internet of things), temperature and environmental monitoring needs, energy management.
The cultured non-fat dairy ingredients market size is expected to see steady growth in the next few years. It will grow to $17.13 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to rapid growth in e-commerce, expansion of cold chain logistics, focus on food safety, precision agriculture, remote monitoring in healthcare. Major trends in the forecast period include emergence of 5g technology, technological advancements, integration of wireless connectivity, advancements in sensor technologies, data security and privacy concerns.
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Key Market Players:
Major companies operating in the cultured non-fat dairy ingredients market report are Cargill Incorporated, Nestle S.A. , Lactalis Group, Yili Group, China Mengniu Dairy Company Limited, FrieslandCampina, Saputo Inc., Arla Foods , Meiji Holdings Co. Ltd. , Schreiber Foods Inc. , Megmilk Snow Brand Co. Ltd. , Sodiaal Group, Valio Ltd., Meadow Foods Limited, Volac International Ltd., Dairy Farmers of America, Inc., DairyChem, Cayuga Milk Ingredients, Socius Ingredients LLC, Ingredia Dairy Experts, EPI Ingredients, AMCO Proteins, Dairy Connection Inc., Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF) , Lifeway Foods Inc., Danone S.A., Mother Dairy Fruit & Vegetable Pvt. Ltd, Morinaga Milk Industry Co.
Market Drivers:
The rising demand for dairy-based beverages is expected to propel the growth of the cultured non-fat dairy ingredients market going forward. Dairy-based beverages are drinks that are made from or contain dairy products, such as milk, yogurt, or buttermilk. Cultured non-fat dairy ingredients are utilized to provide dairy-based drinks with distinctive tastes, moisture content, and attractive organoleptic qualities. For instance, in 2022, according to the Food and Agriculture Organization, an Italy-based specialized agency of the United Nations, world milk production in 2022 is forecast at around 930 million tons, up by 0.6% from 2021, and in Asia, the world's largest milk-producing region, milk output in 2022 is expected to reach nearly 419 million tons, up by 2.1% year-on-year. Further, in Central America and the Caribbean, milk output is anticipated to reach 19.7 million tons, an increase of 1.2% from 2021. Therefore, the rising demand for dairy-based beverages is driving the growth of the cultured non-fat dairy ingredients market.
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https://www.thebusinessresearchcompany.com/report/cultured-non-fat-dairy-ingredients-global-market-report
The cultured non-fat dairy ingredients market covered in this report is segmented -
1) By Process: Natural, Artificial
2) By Nature: Organic Compliant And Citified, Kosher Certified, Conventional
3) By Form: Liquid, Powder
4) By Distribution Channel: Direct Sales, Indirect Sales, Store-Based Retailing, Hypermarkets Or Supermarkets, Convenience Stores, Discount Stores, Independent Small Groceries, Online Retail
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