Global Dairy Whitener Market is poised to reach USD 11.5 billion by 2021Posted by rohan on October 9th, 2017 The world’s total milk production was estimated to be about 765 million tons in 2013. Dairy whiteners, alternatively known as milk powder, are extensively used as a substitute for milk, largely in tea and coffee. They are also used in other food products such as hot chocolate, puddings, soups, and sauces. Besides whitening, dairy whiteners also add mouthfeel, body, and flavor to the beverages they are added to and, thereby, improve the overall taste. They come in fluid, powder or condensed forms and can widely differ in their fat and sugar content. Whole milk powder (WMP) and skim milk powder (SMP) available in the market account for nearly 50% share of dairy products and dairy whiteners worldwide. Dairy whiteners are products with a fat content greater than that of SMP and lesser than WMP. The Global market size for the dairy whiteners was around USD 11.5 billion in 2016. It is expected to grow at a CAGR of 5.89% to reach USD 14.91 billion by 2021. Download Free Sample Report @ http://www.marketdataforecast.com/market-reports/global-dairy-whitener-market-3193/request-sample The milk powder comes in various categories containing high protein value, degenerate milk-fat and lessened lactose content that perform the function of an emulsifier. The effectiveness of this market includes that of flavor, with 61% of coffee drinkers finding flavor to be the most important factor in choosing their whitener. This is being seen as an alternative to specialty coffee. Various other properties include solubility, and foaming properties, thus improving the water binding properties in bakery foods, sports and nutrition foods. Buy now @ http://www.marketdataforecast.com/cart/buy-now/global-dairy-whitener-market-3193/ Population growth, rising disposable incomes, urbanization rates, ease of use and storage, hectic lifestyle, changing dietary habits are some of the factors that are driving the growth of this market. As compared to milk, dairy whiteners offer certain benefits such as convenience, portability, and longer shelf-life, which fuel the global dairy whiteners market. In addition, the growing industry for infant formula is likely to offer a great opportunity for growth of the global dairy whiteners market during the forecast period. Dairy whiteners are widely used in the manufacture of infant formula. Factors such as an increase in birth rates and a decrease in mortality rates, which result in growth in the infant population around the world, are projected to propel the global dairy whiteners market. Further, demand from increasing number of working women for convenience foods, consumer awareness about functional foods, growing demand for milk products with increasing population & urbanization in developing countries is some of the major drivers for the dairy whiteners industry. The tariff rates on exports, effect of high imports on domestic production, growing population in developing countries will impact positively the demand for dairy whiteners. Also, the cost advantage that the emerging economies like Brazil, India, and China provide in terms of processing and production, will help these markets to grow exponentially. Low preference of some patrons to dairy whiteners over conventional milk and milk products, due to raising awareness about health, may hamper the growth of the dairy whiteners market. The health-conscious consumer of the western countries with awareness on ultra-high temperature techniques reducing the protein content of milk may pose a hurdle for the milk powder market and, in turn, for the milk whitener category. Specifically, many research studies have found that whiteners have substitute ingredients which unnecessarily increase cholesterol and these reports are gaining traction in the market dampening the growth of the market. Market Segmentation
In the emerging economies of Asia, the largest application sector for milk powders and milk whiteners is the infant food market, which is presently a USD 55 billion market growing at 7.22% annually. Indonesia and India, with their largest youth population, is a huge potential market for the dairy whitener industry. Also, Japan’s demand for specific milk proteins and high female labor participation are also driving the milk powders industries towards technological advancements in this segment. On the basis of geography, the global dairy whiteners market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific constitutes the leading market share, closely followed by North America. Various factors such as steadily rising population, rapid urbanization, and presence of substantial amount of tea drinkers, especially in countries such as China and India, lead to the growth of the dairy whiteners market in Asia Pacific. North America holds the second-largest share of the global dairy whiteners market. This is primarily due to a large population of coffee drinkers in the region. Although the U.S. is the second-largest producer of milk in the world, the demand for milk and dairy whiteners in the country is higher than their supply. The dairy whiteners market has both domestic and foreign players. In order to remain competitive in the market, companies are investing great amounts of their revenue into R&D activities. This is due to the fluid as well as competitive nature of the market. One of such innovations is the introduction of flavours in dairy whiteners. Flavours such as chocolate and strawberry have gained traction since their launch, which took place a few years ago. Some of the major players operating in the global dairy whiteners market include Nestlé, Fonterra, Danone, Friesland Campina, Amul, and Lactalis. Other notable companies are Arla Foods, Dean Foods, Muller, Dairy Farmers of America, Schreiber Foods, Mother Dairy, Sodiaal, Land O’ Lakes, Mengniu, Morinaga Milk Industry, Saputo, Yili Group, and Kraft Heinz. In India, ITC has stepped into the dairy whitener market with its Sunfresh brand, its second offering in the dairy business, after it opened its innings in this space last October with packaged ghee. With this, the Kolkata-based company intensified its rivalry with Nestle and Amul, the two largest companies in the dairy whitener segment, which together account for more than 85% of the market. About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options. For more info kindly visit, www.marketdataforecast.com Contact: Abhishek Shukla Sales Manager (International Business Development) Market Data Forecast Direct Line: +1-888-702-9626 Mobile: +91 998 555 0206 Mail: abhishek@marketdataforecast.com Like it? Share it! More by this author |