Competitive Benchmarking and Forecasts for Market Players 2023-2027
The Dairy Ingredients Market is a billion-dollar sector in making that is projected to increase by USD 29.36 Bn and the market size is estimated to grow at a CAGR of 7.3% between 2022 and 2027.
According to Technavio's Market Research, it has been observed that the "global dairy ingredients market is being propelled by the surging consumption of bakery and confectionery items"
Moreover, the preference for frozen bakery goods, like cakes, pastries, and ready-to-eat muffins, is rising owing to their extended shelf life and customer appeal, amplifying business and broadening the consumer base. As lifestyles evolve with longer work hours, the convenience of frozen foods gains more traction.
Snapshot of Dairy Ingredients Market Analysis
Core Companies and their Key Offerings: When it comes to the key market players, the rising demand across the world, pushes the core companies to come up with a lot of offerings.
Some of the offerings by core companies comprise
Prominent names such as Aurivo Co-operative Society Ltd., Dairy Farmers of America Inc., EUROSERUM, Fonterra Cooperative Group Ltd., Glanbia Plc, Hoogwegt, Inner Mongolia Yili Industrial, LACTALIS Ingredients, MEGMILK SNOW BRAND Co. Ltd., Morinaga Milk Industry Co. Ltd., Nestle SA, Royal FrieslandCampina NV, Saputo Inc., Savencia SA, Schreiber Foods Inc., etc are some of the major market participants.
Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers followed by detailed profiling of the market players along with competitive benchmarking. Download our sample to learn more about the Dairy Ingredients Market
Dairy Ingredients Market Highlights
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