Global Dairy Whiteners Market to Reach US$16.9 Billion by 2030
The global market for Dairy Whiteners estimated at US$12.2 Billion in the year 2023, is expected to reach US$16.9 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2023-2030. Beverage Additives End-Use, one of the segments analyzed in the report, is expected to record a 4.6% CAGR and reach US$8.7 Billion by the end of the analysis period. Growth in the Infant Formula Manufacturing End-Use segment is estimated at 5.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$3.2 Billion While China is Forecast to Grow at 7.1% CAGR
The Dairy Whiteners market in the U.S. is estimated at US$3.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.5% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
Global Dairy Whiteners Market - Key Trends and Drivers Summarized
Why Are Dairy Whiteners Gaining Popularity Globally?
Dairy whiteners, also known as milk powder, are dehydrated milk products created by evaporating milk to dryness. They provide a convenient, long-lasting alternative to traditional milk, used extensively in coffee and tea, baking, and processed foods. The global rise in their popularity is driven by the convenience they offer in storage and transportation, especially in regions where fresh milk`s availability is inconsistent. Additionally, dairy whiteners are favored in the food service industry for their stability and ability to blend more smoothly into beverages compared to regular milk.
What Challenges Are Faced in the Production of Dairy Whiteners?
The production of dairy whiteners involves specific challenges, primarily related to maintaining product quality and nutritional content. The process of dehydration can affect the natural taste and nutritional value of milk, making it essential to optimize manufacturing processes to preserve these qualities as much as possible. Additionally, ensuring consistency in product quality across different batches can be challenging due to variations in the raw milk supply. Producers must also navigate varying international standards and consumer preferences for low-fat and low-sugar variants, complicating production and marketing strategies.
How Are Innovations Influencing Dairy Whitener Formulations?
Innovations in dairy whitener formulations are focusing on improving taste, solubility, and nutritional content. Advances in drying technology allow for finer particles, which dissolve better and improve the mouthfeel of reconstituted milk. Companies are also developing low-lactose and fortified versions, adding vitamins and minerals to cater to health-conscious consumers. Moreover, there is a growing trend towards plant-based dairy whiteners, with products derived from soy, almond, and coconut, providing alternatives for vegan and lactose-intolerant consumers.
What Drives the Growth in the Dairy Whiteners Market?
The growth in the dairy whiteners market is driven by several factors, including the increasing consumer demand for convenient food products and the expansion of the coffee and tea culture globally. The rise in urbanization and the fast-paced lifestyle of consumers lead to a higher demand for quick and easy meal solutions, where dairy whiteners play a significant role. Additionally, the growing food service industry contributes to the increased use of dairy whiteners in cafés and restaurants. Innovations in product formulations that cater to diverse dietary needs and preferences also expand the consumer base, further stimulating market growth.
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