The global dairy concentrate market is expected to be valued at US$ 20 billion in 2023 and is likely to reach a valuation of US$ 42.2 billion by 2033, following a CAGR of 7.75%. From ready-to-eat meals to bakery products and sauces, consumption of dairy concentrates has risen substantially in the past few years and will continue its ascent in the near future. Easy availability and convenience are leading to more consumers preferring dairy concentrates over actual dairy products.
Furthermore, consumers are seeking out food products with minimal fat and maximum protein content, a functionality that dairy concentrates offer. As people become increasingly health conscious, they are shifting to foods that will help boost overall health as well as retain the taste and texture of conventional food products. Considering this shift, a number of dairy product manufacturers are introducing dairy concentrates.
In July 2022, the USA food ingredients supplier Bluegrass Ingredients has introduced 20 new dairy concentrates to the market. This includes an offering of vegan cheese formulation which helps reduce freight costs and supply chain challenges. These concentrates will also permit manufacturers to add more cheese flavor to products without adding calorie-rich cheese. The supplier collaborates with its clients on the R&D front, using concentrates to enhance the nutritional content of their products.
Another prominent player, Nutrifeed, offers the Serolat Dairy Concentrate. The formulation is a premium enriched 100% dairy protein powder that is used in piglet feed formulations for all life stages during the suckling, weaning, and rearing phase. Serolat Dairy consists of carefully selected dairy sources to guarantee the best quality, nutritional, and physical powder characteristics, which include non-hygroscopic, non-caking, free-flowing, and dust-free. Furthermore, the concentrate has a digestive rate exceeding 95%, and an ideal amino acid profile.
Likewise, Idaho Milk Products, a prominent USA dairy products manufacturer, offers the IdaPro MPCs and IdaPlus 1085 for milk protein concentrate and isolate, milk permeate, and cream, which gives a development and production advantage with reliable physical properties and proven deliciousness. These formulations are useful for stabilizing yogurt and increasing the ratio of protein-to-skim solids, produce superior processed or non-standardized cheese products, as well as manufacture natural cheese and sour cream.
For all market players operating in this space, innovation is the key ingredient for success. Manufacturers are increasingly directing their efforts toward extensive research & development initiatives aimed at introducing new product portfolios. Perhaps the most reliant concentrate is one made from cheese. Cheese concentrates take traditional delivery components and blend them with enzymes to deliver more intense dairy flavors in a clean-label format.
Cheese concentrates typically replace traditional cheese and create an opportunity to better strike the balance between production considerations and flavor. In many cases, as much as 10 pounds of conventional cheese can be replaced by just one pound of concentrate. Manufacturers, therefore, are leveraging these formulations to curtail production costs and simultaneously enhance cheese flavor in finished products.
On the regional front, the dairy concentrates industry is most likely to perform exceptionally well across the Asia Pacific. With countries such as China and India emerging as leaders in dairy production and consumption, companies are looking to carve a firm foothold in these markets. The numbers speak volumes as to how dairy concentrate manufacturers can capitalize on the ever-widening growth opportunity. India, for example, is the largest milk producer in the world, accounting for 23% of global milk production. Consequently, other dairy product production is on the incline. It is expected that by 2026, the Indian dairy industry will likely reach a valuation of over US$ 300 billion, solidifying growth prospects for dairy concentrate manufacturers.
| Data Points | Key Statistics |
|---|---|
| Anticipated Market Value in 2023 | US$ 20 billion |
| Expected Market Value in 2033 | US$ 42.2 billion |
| Growth Rate (2023 to 2033) | CAGR of 7.75% |
Dairy concentrate is a cost-effective alternative to standard dairy products and finds application in different types of bakery products, ready-to-eat meals, sauces and pastas, and several breakfast items. Dairy concentrate comes with a flavour strength of about 15 to 20 times that of standard processed dairy products, and is available in different forms, with an estimated shelf life of about six months to a year.
Besides the standard uses, dairy concentrate is also widely used as a flavouring agent in several salad dressings, dips, as well as in snacks.
The easy availability and convenience of using dairy concentrate has led to an increased adoption in the food and bakery industry across the globe. Shift in consumer inclinations towards diverse categories of protein rich foods that promise healthy alternatives to daily food products.
Dairy is a versatile food product that has been used in the food industry in different applications. The availability of dairy concentrate has simplified the application of dairy products in the bakery sector and food product companies are increasingly adopting dairy concentrate as a basic ingredient in most of the food preparations.
This has boosted demand for dairy concentrate in the global market.A growing utilization of dairy products in various types of cuisines across the world is also expected to lead to increased production of dairy concentrate in the food industry. Dairy concentrate is increasingly being preferred over natural dairy products in several bakery and snack preparations. This has also led to increased consumption and hence production in the global market.
Further, growing consumer demand for dairy based breakfast products is also expected to lead to a rise in the utilization of dairy concentrate in different breakfast products.These beneficial factors are anticipated to boost the growth of Dairy Concentrate market over the forecast period.
Dairy concentrate is made from natural ingredients such as milk and whey and is hence known for its health enhancing functions. Dairy concentrate is cast-off in numerous low-fat food provisions due to the declaration of being a clean label product prepared from natural components.
Dairy concentrate is relatively optimal on the cost front, and can be used in smaller quantities than natural dairy products. This makes dairy concentrate the most preferred ingredient for use in food products that need to incorporate low quantities of dairy products to maintain the healthy food tag. The inherent benefits and functionalities of dairy concentrate is the main reason for an increased demand in the food industry.
nutrients that are essential to maintain the metabolism of the human body. Concentrated form of dairy products is rich in milk fats, high milk protein content, vitamins, and minerals. Protein contentin dairy concentrate is what makes it the most demanded flavouring ingredient in different food products. Dairy concentrate also contains high quantities of phosphorus and calcium compounds that are essential to maintain human bone health.
Moreover, micronutrients for instance water soluble vitamins and fat soluble present in dairy concentrate also augment to its value as a health booster, leading to rising applications in several food products either as a supporting ingredient or as a flavouring agent.
Some of the key players operating their business in the global Dairy Concentrate market are
Consumers across the globe are becoming more aware regarding their health and diet and are swiftly changing their diet patterns to adopt a diet that is rich in protein. As result, manufacturers of dairy concentrate are trying to make their products more nutritious, following the growing protein trend.
Rising consumer awareness regarding better ways to pull off weight loss, anti-aging, and other health-related issues through the consumption of naturally sourced protein is compelling many manufacturers to offer protein-fortified products with numerous health benefits. This trend is expected to gain traction in the coming years and impel manufacturers to upgrade the quality of their products to cater to the needs of consumers.
The Dairy Concentrate market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.
The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the Dairy Concentrate market, including but not limited to: regional markets, form, and application.
The Dairy Concentrate market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Dairy Concentrate market report projects the attractiveness of each major segment over the forecast period.
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