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Table Of Content

1. Executive Summary

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. Target Market Analysis Scenario

3.1. Product Overview

3.2. Manufacturing Process Outlook

3.3. Factors Affecting Global Baobab Powder Market

3.4. PESTLE Analysis

3.5. Porter’s Analysis

3.6. Pricing Analysis

3.7. Global Baobab Powder Market Forecast, 2016-2027

3.8. Market Overview

4. Market Dynamics

4.1. Drivers

4.2. Restraints

4.3. Forecast Factors – Relevance and Impact

5. Global Baobab Powder Market Analysis and Forecast, By Product Type

6. Global Baobab Powder  Market Analysis and Forecast, By End Use

7. Global Baobab Powder  Market Analysis and Forecast, By Sales Channel

The aquafeed market is valued at nearly US$ 64 Bn in 2021. The market is likely to grow at a CAGR of 5.9% CAGR through 2027, reaching US$ 86 Bn by 2027.

In 2021, APEJ region is the largest market for aquafeed market, accounting for nearly US$ 23.59 Bn from the global share. This region will hold the market of US$ 36 Bn growing at 7% CAGR through 2027.

Extruded form of product dominates the aquafeed market currently and is estimated to hold 50% share by 2027.

The new report by Future Market Insights titled “Aquafeed Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” forecasts the global aquafeed market to be valued at about US$ 50 Bn by the end of 2017 and will continue to grow at a CAGR of 5.9% during the period of study to reach a market valuation of about US$ 86 Bn by the end of the forecast period.

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The global aquafeed market is spread over most of the countries of the world, lending increased visibility to the regional markets in terms of revenue growth. APEJ is the leading producer of aquafeed followed by North America, Latin America, Western Europe, Japan, MEA and Latin America. China and Norway have emerged as major producers of aquafeed in the past three years. The U.S is a major producer of aquafeed in the world.

APEJ has been leading the global consumption of aquafeed for the last 10-20 years with an average per capita production of nearly 53% of the entire global production in million metric tonnes over the period.

Increasing global population: A rapid increase in the global population and a subsequent rise in the consumption of food demands modern and advanced technologies as well as sonar equipment, leading to an over-exploitation of marine species and marine resources to meet the expanding consumer demands.

A US$ 50 Bn market, the global aquafeed market has been largely concentrated in the APEJ region for over two decades, owing to a large supply of fresh water in the region and a thriving aquaculture market. While North America will continue to witness significant growth during the forecast period, the MEA market is slated to display great potential in the coming years, owing to a cheap labour force and a large production of the fish tilapia in Egypt. In terms of volume, the APEJ regional market is estimated to be pegged at 21.5 million metric tonnes in 2017 and this is expected to reach almost 40 million metric tonnes by the end of 2027, registering a CAGR of 6.3% in terms of volume. North America will witness a CAGR of 5.6% in terms of volume during the decadal study 2017 – 2027.

Competitive landscape

The food waste management market is valued at US$ 61.57 Bn in 2021. The market is projected to grow at a CAGR of 6% through 2027 with a projection value of US$ 82.40 Bn by 2027.

According to the latest report published by Future Market Insights (FMI), the global food waste management market is poised to increase at a CAGR of the 6.3% during the forecast period (2017-2027). Factors such as rapid rate of industrialisation, emergence of new markets for food waste management, and greater importance to innovation and R&D for developing efficient food waste management systems are expected to make a cumulative impact on the future prospect of the market.  Moreover, in an effort to control food wastage, governments in many countries are now enforcing stringent laws on excessive food waste. In recent years, the participation of small and medium enterprises in the global food waste management market has escalated to a significant extent owing to increasing demand for streamlining food waste management procedures.

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The global market for food waste management witnessed a minor slowdown in the Covid-19 crisis as all the  factories were closed and supply of only basic necessity goods was permitted. Since the lockdown has been lifted up to improve economic conditions, the manufacturing companies are trying hard to gain traction and attract customers globally through innovative launches and technological upliftments in 2021.

KEY TRENDS SHAPING FOOD WASTE MANAGEMENT MARKET

Soaring Demand for Renewable Energy

Rise in the demand for renewable energy and development in infrastructure creates opportunities for emerging as well as existing players in the market for recycling and processing food waste.

• In April 2017, the U.S. Energy Information Administration published a report on energy consumption by energy source in 2016. In this report, it was estimated that approximately 10% of the renewable energy consumed constitutes 46% of the biomass source, including biomass waste, biofuels, and wood.

Players in the food waste management market are focusing on technological development to provide advanced services to their customers. Technological innovations help various organizations to collect and segregate food waste at the source level and expedite the food waste recycling process. Some of the recent technological innovations include anaerobic digestion process for treatment of food waste, enzyme-based food management solutions, automated waste collections, and novel sensor based technology for waste management among others.

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Some of the leading companies profiled in the FMI’s report include Waste Management, Inc, Advanced Disposal Services, Inc., Republic Services, Inc., Waste Connections Inc., Clean Harbors, Inc., Stericycle, Inc., FCC Environment Ltd., CT Environmental Group Ltd., Veolia Environnement SA, Recology Inc, OzHarvest Ltd., Boulder Food Rescue, Boston Area Gleaners, Inc. Amp Your Good LLC, The Sustainable Restaurant Association Ltd., 412 Food Rescue, Caritas Corporation, City Harvest Ltd., ExtraFood.org and Global Feedback Ltd. By emphasising on the development of innovative technologies, many of the companies are trying to expand their operations in several parts of the world. In addition, companies are increasingly targeting the rural areas as they still lack efficient food waste management systems or solutions. At the same time, automation and systemic segregation of food waste at source including industrial, commercial, and residential are likely to play an important part in streamlining food waste management.

North America at the Forefront of the Global Food Waste Management Market  

Among all the regions, the food waste market in North America currently holds the top position. The federal government in the U.S. is promoting the construction of composting facility across the country. By the 2017-end, the region is projected to account for 36.1% value share of the global market. Meanwhile, both Western Europe and Asia Pacific excluding Japan (APEJ) are expected to remain the two other lucrative markets for food waste management over 2027.

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Key Excerpts from the Report Include

• Based on end use, the majority of the food waste produced in the world is used as animal feed. Towards the end of 2027, the animal feed end use segment is expected to account for more than 42% share of the global market in terms of revenue.
• By waste type, the amount of waste that is generated while food processing is significantly high. The food processing wastes segment is expected to remain dominant throughout the forecast period, accounting for a revenue share of 41% by 2027.
• By service, the prevention segment is expected to remain dominant in 2017 and beyond. By 2027-end, this segment is expected to command for more than 55.3% revenue share of the market.

The global food waste management market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Services

• Prevention
• Collection
• Transfer
• Recycling
• Landfill

Waste Type

• Food Production Wastes
  • Agricultural Produce Wastes
    • Fruits & Vegetable Waste
    • Staple Grain Waste
  • Poultry, Fish and Meat Wastes
    • Bovine
    • Poultry Meat
    • Pork
    • Fish & Other Marine Food
• Food Processing Wastes
  • Agricultural Produce Processing Waste
  • Poultry, Meat and Seafood Processing Wastes
  • Dairy Food Processing Waste
  • Other Food Processing Wastes
• Distribution and Supply Chain Wastes
• Retail Wastes
• Consumption Wastes
  • Household Food Waste
  • Food Services, Hospitality & Institutional Waste (FSHI Waste)

End-use

• Animal Feed
• Fertilizer
• Renewable Energy & Biofuels
• Others (Cosmetic, Soap, Bio-plastic, and Other Products)

Future Market Insights (FMI), in its recent report, estimates the global encapsulated flavours market to register 1.7% CAGR, in terms of volume, during the forecast period 2017 to 2027. Global sales of encapsulated flavours is expected to reach 125,423.4 MT in 2017; and are further estimated to surpass 200,000 MT by 2027-end.

Demand for encapsulated flavours in convenience food has grown rapidly and continues to increase at a significant rate. In developed markets, preference for readymade meals, savoury soups and snacks is increasing, leading to higher demand for spicy, ethnic and exotic flavours. The addition of spicy and exotic flavours to existing product lines continues to be one of the key strategies adopted by global manufacturers to attract consumers’ attention in more mature markets of the U.S. and Canada.

The chocolate flavours segment is expected to increase at a CAGR of 5.3% over the forecast period. The segment is expected to be valued at more than US$ 1,300 Mn by the end of 2027, creating an incremental $ opportunity of a little more than US$ 550 Mn between 2019 and 2027.

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The general fruit flavours segment is expected to account for a relatively high value CAGR in the global encapsulated flavours market over the forecast period. The segment is expected to be valued at more than US$ 1,000 Mn by the end of 2027, creating an incremental $ opportunity of more than US$ 400 Mn between 2019 and 2027.

APEJ to Remain the Most Lucrative Market for Encapsulated Flavours

In terms of volume, Asia Pacific excluding Japan (APEJ) is expected to remain the most lucrative market for encapsulated flavours, with sales estimated to expand at a high single-digit CAGR through 2027. North America will continue to be the second largest market for encapsulated flavours, in terms of volume.

Based on encapsulation process, spray drying is estimated to remain dominant in the global encapsulated flavours market. In terms of volume, expansion of spray drying segment is anticipated to exhibit the highest CAGR through 2027. Adoption of glass encapsulation process for encapsulated flavours will remain sluggish in the market over the forecast period.

Chocolate Flavours will Continue to be the Preferred Encapsulated Flavours in the Market

Chocolate flavour will continue to be preferred among encapsulated flavours in the global market, followed by general fruit flavours, spice flavours, and citric flavours. In terms of volume, sales of spice flavours are estimated to register the highest CAGR through 2027, followed by exotic fruit flavours, citric flavours, and berry flavours. In contrast, sales of general fruit flavours are anticipated to register the lowest CAGR through 2027.

In terms of volume, encapsulated flavours will continue to witness largest adoption for application in beverages & instant drinks, with sales expected to register the fastest expansion through 2027. Bakery & confectionary is expected to remain the second largest application of encapsulated flavours in the global market.

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Demand for Encapsulated Flavours in Convenience Food will Witness a Rise in North America

Demand for encapsulated flavours in convenience food will continue to rise in North America. Consumer preferences in this region is shifting towards readymade meals, savoury soups, and snacks, resulting into demand for exotic, ethnic, and spicy flavourings. Consumer are now becoming aware of the potential adverse effects of artificially produced food additives, inclining more towards natural products. Flavour encapsulation is considered to be more natural than chemically synthesized equivalents, as it retains the nutritional value of vegetable & fruit ingredients during their conversion into flavours. These factors will continue to sustain demand for encapsulated flavours in North America.

High cost of encapsulated flavours production is the major concern for manufacturers, and this factor may act as a retraining factor for growth of the market in North America. Leading manufacturers in the region are focusing on the development of advanced processing and formulation technologies for production of encapsulated flavours.

Increasing Installation of R&D Facilities by Leading Market Players to Drive the Market Growth in APEJ

With increasing spending on research & development activities, global manufacturers are now facing competition from regional players in APEJ. APEJ has become the preferred destination for leading market players to set up R&D facilities. Consumer in this region have started opting for fizzy, flavoured and plant-based drinks over other beverages. Consumption of milk-based drinks is expected to gain an uptick in APEJ, resulting into demand for flavoured dairy drinks. These factors will augment growth of the encapsulated flavours market in APEJ.

For encapsulation of flavours, high tech machines are required, coupled with skilled labours for operation. APEJ lacks skilled professionals, who are capable of understanding the technology behind flavour encapsulation. This might be a major hindering factor for growth of the encapsulated flavours market in APEJ.

Key market players identified in FMI’s report include Symrise AG, Cargill Incorporated, Nexira SAS, AVEKA Group, Naturex S.A., Archer Daniels Midland Company, International Flavours & Fragrances Inc., Sensient Technologies Corporation, Balchem Corporation, FONA International, Inc., Ingredion Incorporated, FrieslandCampina Kievit GmbH, BUCHI Labortechnik AG, Etosha Pan (India) Pvt. Ltd., Groupe Legris Industries (Central), Tate & Lyle PLC, LycoRed Limited, and Synthite Industries Ltd.

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Key Market Insights

By Flavour Type

• Citric Flavours
• Berry Flavours
• Spice Flavours
• Nut Flavours
• General Fruit Flavours
  • Apple
  • Banana
  • Mango
• Exotic Fruit Flavours
• Chocolate Flavours
• Vanilla Flavours
• Other Flavours

By Application

• Bakery & Confectionary
• Cereal and Oatmeal
• Snack Food
• Frozen Food
• Dairy Products
• Beverages & Instant Drinks
• Pharmaceutical & Personal Care
• Others

By Encapsulation Process

• Spray Drying
• Spray Congealing/ Chilling
• Fluid Bed Coating
• Glass Encapsulation
• Others

In 2021, the sweetener market is valued at nearly US$ 137 Bn. The market is projected to grow at a CAGR of 3.2% through 2027, reaching nearly US$ 160 Bn by 2027.

Food and Beverages is the largest application segment for sweetener market that is valued at US$ 95 Bn with the projection value of US$ 115 Bn at 3.2% CAGR through 2027. Sucrose is the preferred product type globally, and estimated to be worth US$ 26.83 Bn by 2027.

One of the latest trends witnessed in the global sweetener market is the rise in the production of organic sweeteners. Companies operating in the sweetener market are diversifying their product portfolio by reading the consumers’ sentiments about organic honey, organic sugar, stevia, and more. Such products are found to be reducing blood-sugar levels. In addition, several studies have found that stevia has a high degree of digestive tolerance with low carbohydrate content. Such a blend of health without compromising on the taste of sugar could bring prodigious prospects for the sweetener market growth.

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Natural sweeteners, the second-largest product type, currently holds a market share of nearly 22% globally. This segment is anticipated to gain market share during the for forecast period. The key trends in the global sweeteners include increasing investments by companies and geographical expansion by key players. Further, due to the limited number of buyers and sellers in the market, most companies are focusing on cost optimization.

Food and beverages sector is the largest application segment in the global sweetener market. This segment currently accounts for nearly 70% revenue share. The food and beverage sector will continue to be the largest application segment throughout the forecast period. In terms of revenues, this will represent a market valuation of over US$ 115 Bn in 2027. During the forecast period 2017-2027, demand for food and beverage segment will grow at a CAGR of 3.2%.

In the food and beverage sector, dairy products and beverages are the two largest sub-segments. These two sub-segments collectively account for a revenue share of 40%.

North America Sweeteners Market

As is the case globally, sucrose remains the largest product type in North America as well. Sucrose currently accounts for nearly 55% revenue share of the North America sweeteners market currently. Use of sucrose in the food and beverage sector will continue to boost its demand in the North America sweetener market. In North America, the food and beverage segment accounts for over 71% revenue share of the region; this segment will continue to remain prominent during the forecast period.

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APEJ Sweeteners Market

Increasing awareness among the middle class in China and India, is a key factor for the rising demand for sweeteners in Asia Pacific excluding Japan (APEJ). The APEJ sweeteners market is projected to grow at a steady rate, opening new avenues of growth for manufacturers. Considering the sheer volume and scale of demand in APEJ, many manufacturers are working on consolidating their position in this market.

Key companies profiled in the report include Carl Kühne KG (GmbH & Co.), Castelo Alimentos S/A, Aspall Cyder Ltd, White house foods, Spectrum Organic Products, LLC, Higher Nature Limited., Vitane Pharmaceuticals, Inc., the kraft heinz company, Bragg Live Food Products, Inc., Swanson Health Products, Inc., Solana Gold Organics, Amfac, Inc.(American Garden), Mautner Markhof Feinkost GmbH, GNC holdings inc, Eden Foods, Inc., Pompeian, Inc., NutraMarks, Inc., Eden Nuganics, Viva Naturals, Health Connection Wholefoods.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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Sweetener Market: Segmentation

Different types of sweeteners

• novel sweeteners
• natural sweeteners
• sugar alcohol
• sucrose
• artificial sweeteners

various industries

• food & beverage (sweet spreads, bakery goods, beverages, dairy products, confectionery & chewing gums and others)
• direct sales
• pharmaceuticals
• others

According to Future Market Insights (FMI), the global organic milk powder estimated valuation at the end of 2017 is about US$ 1,816 Mn. Expanding at a CAGR of 5.4% from 2017 to 2027, the market is expected to reach about US$3,060 Mn from 2017 to 2027 by the end of the forecast period.

Growing demand for organic milk products is been witnessed more as compared to conventional milk products. The various beneficial attributes of organic products including freshness, quality, health and nutrition are contributing to the significant increase in sales of organic milk products. According to the USDA, the sales of organic milk products in 2016 were recorded to be 5.3% times higher as compared to 2015.

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The various types of organic milk powder comprise skimmed milk, whole milk, and buttermilk and whey. Among these, the whole milk segment is predicted to hold the dominant share of 53.6% by 2017 and is projected to rise at an impressive CAGR of 5.8% during the forecast period. The dominance of the segment is attributed mainly to the extensive demand for these for a variety of applications, including chocolates.

Vast Nutritional Benefits to Fortify Demand

The demand for organic milk powder among health-conscious populations in various parts of the world is attributed primarily to the recognition of a number of benefits they have, such as high-shelf life, assured quality, and nutritional benefits, notably the presence of mega 3 fatty acids. The rising preference of organic milk powder over ordinary milk among people of various age is driven by these health benefits. The growing demand for non-GMO and gluten free ingredients in packaged milk products is a key factor bolstering the demand for organic milk powders.

Rising Number of Certified Organic Dairy Farmers Unlock Exciting Opportunities

The rising popularity of organic products in various developing and developed regions is expected to stoke the demand for organic milk powder market. However, the notable disparity in the supply and demand of organic milk powder in major regions, is a key factor likely to hinder the growth of the organic milk powder market to an extent. The insufficient supply of organic milk powder can be attributed to the paucity of modern dairy firms, stringent regulatory norms in developed nations to set up organic diary firms, marked transition period for conventional firms to turn into organic firms.

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Competitive Landscape

Some of the leading players operating in the market include Nestlé SA, Prolactal GmbH, B. Engelhardt & Co AB, Holle babyfood GmbH, Bellamy’s Organic, Ingredia SA, Organic Valley, Aurora Foods Dairy Corp., HiPP GmbH & Co. Vertrieb KG, and Fonterra Co-operative Group, notes Future Market Insights (FMI). A number of players are focused on making constant product launches in order to consolidate their shares in various regions.

Growing consumer awareness and preference for natural and organic foods owing to associated health benefits have fuelled the shift to organic food in day-to-day edibles in consumers, especially in Eastern Europe. Large retail chains such as Whole Foods are already prompting the presence of organic agricultural produce in their store shelves, and this trend is also expected to boost the availability of organic beef meat.

The global Organic Beef Meat Market size is expected to reach US$ 16421.3 Mn by the end of 2027. According to a study by Future Market Insights (FMI), titled “Organic Beef Meat Market: Global Industry Analysis 2014-2018 and Opportunity Assessment, 2019-2027,” the market will show a steady rise at 6.4% CAGR between 2019 and 2027. According to the report, the rising demand for healthier options in Organic Beef Meat will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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“Increasing consumer preference for organic food and easy availability of organic beef through retail chains likely to boost the global organic beef meat market between 2018 and 2027” said a lead analyst at FMI.

Future Market Insights (FMI) has are projected the chia seed market size to total US$ 194.1 Mn in 2021. Demand for chia seeds is expected to grow at 6.80% CAGR, boosting the overall consumption to 80.576.9 Million Tons over the assessment period, from 2021 to 2031.

Chia seeds is among highly exported commodities within the food sector since, its production is limited to a few countries. Growing applications of chia seeds in personal care products and cosmetics are expected to augment the chia seeds market growth. This trend will continue, largely driven by shifting consumer preference for organic and natural ingredients in skincare products.

The onset of the COVID-19 pandemic had a negative impact on sales of chia seeds. The production of chia seeds is limited to a few geographies and the lockdown restrictions affected trade and import, dampening demand in the market over 2020.

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As per FMI, sales of chia seeds represented 0.15% of the US$ 1.29 Mn worth superfood market in 2020. Soaring demand for chia seeds as superfood will give tailwinds to growth in the market in the coming years.

In terms of volume, North America will remain the most-lucrative region in the global chia seed market. Sales of chia seeds in this region are expected to reach nearly 50,000 MT by 2027-end. Sales of chia seed in North America and Asia Pacific Excluding Japan (APEJ) are expected to exhibit parallel expansion at 6.1% CAGR through 2027, in terms of volume. In addition Western Europe will continue to be the second-largest market for chia seeds during the forecast period, with sales pegged to surpass 10,000 MT by 2017-end.

Demand for nutritional products has soared in recent years, especially in developing countries where malnourishment remains a major concern. Fermented dairy products being a major source of nutrition are gaining traction in both developed and emerging countries. Food and Agriculture Organization (FAO), revealed that approximately 150 million households are currently engaged in milk production across the globe. Over the last three decades, the global milk production has increased by over 50%, from 500 million tonnes in 1983 to 769 million tonnes in 2013. This growing consumption of milk and milk products is creating significant growth opportunities for dairy product manufacturers who are now incorporating additional value to their products using fermented diary ingredients. Future Market Insights’ latest report projects that global fermented dairy ingredients market revenue will increase at a CAGR of 8.7% during the forecast period (2017–2027).

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Among regions, the market in Western Europe accounted for the largest revenue share in 2016, reaching a valuation of US$ 1,366 Mn. Towards the end of forecast period, the region’s market is expected to stand at US$ 3,575.7 Mn, expanding at a CAGR of 9.2%. The abolition of milk quota system and increasing demand for frozen and freeze-dried starter dairy cultures is driving the market for fermented dairy ingredients in Western Europe.  Asia Pacific (APEC) and North America are the two other lucrative markets for fermented dairy ingredients. Between 2017 and 2027, the market in APEJ is set to witness a robust CAGR of 10.5%, which is credited to the rising popularity of flavoured milk among consumers across China and Australia.

Some of the leading companies profiled in the report include Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, Chr. Hansen Holding A/S, Cargill Incorporated, Bioprox (A subsidiary of Proxis Développement), Novozymes, Kerry Inc, Archer Daniels Midland Company, Ingredion Incorporated, Arla Foods Ingredients Group P/S, Lake International Technologies, DairyChem Inc., CSK Food Enrichment, CP Ingredients Limited, Epi Ingredeints, Dairy Connection Inc., Socius Ingredients LLC, The Tatua Cooperative Dairy Company Ltd, Koninklijke DSM NV, Corbion. Manufacturers are providing ingredients according to specific requirements of the client. Also, many of the players are actively focusing on launching variety of ingredients in the market to increase their consumer base.

Global fermented dairy ingredients market segmented are as follows:

By Product Type

• Cheese
  • Natural Cheese
    • Cultures
    • Enzymes
    • Starch
      • Modified Starch
      • Native Starch
    • Sweetener
  • Processed Cheese
    • Cultures
    • Enzymes
    • Starch
      • Starch Modified
      • Starch Native
  • Sweetener
• Flavoured Milk
  • Cultures
  • Enzymes
  • Starch
    • Starch Modified
    • Starch Native
  • Sweetener
• Yogurt
• Spoonable Yogurt
  • Cultures
  •  Enzymes
  • Starch
    • Starch Modified
    • Starch Native
  • Sweetner
• Drinkable Yogurt
  • Cultures
  • Enzymes
  • Starch
    • Starch Modified
    • Starch Native
  • Sweetner

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Table of Content

1.Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

3. Market View Point

3.1. Macro-Economic Factors

3.2. Opportunity Analysis

4. Global Historical Market Analysis 2012–2016 and Forecast 2017–2027

4.1. Market Size and Y-o-Y Growth

4.2. Absolute $ Opportunity

5. Global Fermented Dairy Ingredients Market Historical Analysis 2012–2016 and Forecast, By Region 2017–2027

5.1. Introduction / Key Findings

5.2. Historical Market Size (US$ Mn) and Volume (MT) Analysis By Region (2012-2016)

5.2.1. North America

5.2.2. Western Europe

5.2.3. Eastern Europe

5.2.4. Latin America

The demineralized whey powder ingredient market is valued at nearly US$ 600 Mn in 2021, and is set to grow at 5.1% CAGR through 2027.

Demand for demineralized whey powder ingredients will be driven by bakery, confectionary, and infant food segment.

Key factors driving the demineralized whey powder ingredients include growing consumer preference for protein-rich diet. Also, parents are taking active role in infant diet, which is also creating opportunities for market players.

Irrespective of its use or application, milk remains to be the most essential source of adequate nutrition, enriching consumers’ lives with fats, protein, calcium and minerals. Contrary to its ever-growing demand, milk is not uniformly available in all parts of the world. The “dairy-deficit” parts of the world are compensating to this shortfall by shifting towards alternatives, wherein demineralized whey powder among the top non-dairy products imported in such regions. According to Future Market Insights’ recent report, the global market for demineralized whey powder ingredients is growing steadily, owing to high imports of demineralized whey powder ingredients in regions with short supply of milk & dairy products.

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The report projects that the global market for demineralized whey powder ingredients, which is pegged to reach US$ 491.1 Mn value by 2017-end, will soar at a steady CAGR of 5.1% and bring in more than US$ 800 Mn in revenues towards the end of 2027. During this decadal forecast period, the global demand for demineralized whey powder ingredients will grow on the account of

• increasing demand for healthy alternatives for infant foods with synthetic ingredients
• rising adoption of additives in food industry
• prevalence of complications related to lactation, and
• growing need for specialty ingredients in high-performance sports drinks

Rising use of high-added value dairy products in food & beverage end-users has also propelled the consumption of demineralized whey powder ingredients. Surging demand of high-protein bakery products is also instrumenting the market’s growth, while recent developments are anticipating a promising application of demineralized whey powder ingredients as drug carriers in production of pharmaceuticals. The report also anticipates that growth of global demineralized whey powder ingredient market will be restrained due to sheer lack of awareness. Dairy product manufacturers aren’t aware about reusability of by-products in cheese production. These products can be used in production of demineralized whey powder ingredients, which can extend the manufacturing purview of dairy companies.

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The global demineralized whey powder ingredient market is also expected to witness hindrances in its growth due to a weak distribution network. Leading as well as emerging players in the global market are facing loses due to poor abilities of distributors. A comprehensive profiling of competitive landscape in the global demineralized whey powder ingredients market is included in this report, which includes companies namely Valio Oy, Eurosérum, Lactalis Ingredients, Dairy Crest Group Plc., Milkfood Limited, Ornua Co-op Limited, Prolactal GmBh, Kaskat Sp Z.o.o., Alimenta Srl, FrieslandCampina International B.v, Hoogwegt, Charotar Casein Company, Dairygold Co-Operative Society Limited, Senel & Co B.V., Kerry Inc, Roosevelt Dairy Trade, Inc., Mahaan Proteins Limited, Almira, Melkweg Holland B.V., Naarden Polska Sp. z o.o.

Key findings in the report project that demand for demineralized whey powder products with 40% demineralized whey will gain traction towards the end of 2027. In terms of revenue, products with 90% demineralized whey will record fastest growth at 5.6% CAGR. Infant food will be largest application of demineralized whey powder ingredients, accounting for nearly 40% of market revenues in 2017. With close to one-third share, North America will dominate global demineralized whey powder ingredient market in terms of value throughout the forecast period. Demand for demineralized whey powder ingredients is expected to witness considerable surge in Middle East & Africa and the Asia-Pacific excluding Japan (APEJ) region.

Market Taxonomy

Product Type

• 40% Demineralised  Whey
• 50% Demineralised  Whey
• 70% Demineralised  Whey
• 90% Demineralised  Whey

Application

• Dietary Supplements
• Bakery & Confectionary
• Infant Food
• Pharmaceutical
• Others

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Table of Content

1.Executive Summary

1.1.Market Overview

1.2.Market Analysis

1.3.FMI Analysis and Recommendations

1.4.Wheel of Fortune

2.Market Introduction

2.1.Market Taxonomy

2.2.Market Definition

3.Market View Point

3.1.Macro-Economic Factors

3.2.Opportunity Analysis

4.Global Historical Market Analysis 2012–2016 and Forecast 2017–2027

4.1.Market Size and Y-o-Y Growth

4.2.Absolute $ Opportunity

4.3.Value Chain