Europe Dairy Ingredients Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Milk Powder, Proteins, Milk Fat Concentrates, Lactose & Lactose Derivatives, and Others) and Application (Food & Beverages, Animal Feed, Pharmaceutic

Europe Dairy Ingredients Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Milk Powder, Proteins, Milk Fat Concentrates, Lactose & Lactose Derivatives, and Others) and Application (Food & Beverages, Animal Feed, Pharmaceuticals & Nutraceuticals, and Personal Care).

The Europe dairy ingredients market is expected to reach US$ 26,471.20 million by 2028 from US$ 21,600.97 million in 2021; it is expected to grow at a CAGR of 2.9% from 2021 to 2028.

A surge in population and changing diets of people are the potential enablers of the dairy industry growth in Europe. Furthermore, rapid urbanization, increasing disposable income, and rising preference for protein-rich, nutritious foods are boosting the growth of this industry. Manufacturers are using emerging technologies such as blockchain, robotics, and GPS-enabled devices to optimize dairy production. GPS-enabled devices help track the health of the cattle to ensure their wellness and uplift production. Robotic milking machines reduce human efforts, ensure proper hygiene, and increase milk production. As a result, dairy producers can milk cows at any time, rather than setting a schedule. With the rapid growth of the dairy industry, the demand for dairy ingredients, such as milk powder, lactose and its derivatives, and milk protein, is also growing. Manufacturers of food and beverages use dairy ingredients to enhance the nutritional profile of their products. Furthermore, they are used in personal care products, nutraceuticals, and animal feed. Thus, with surging dairy production, the dairy ingredients market is also projected to register notable growth during the forecast period.

With the new features and technologies, vendors in the dairy ingredients market can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe dairy ingredients market at a good CAGR during the forecast period.

Europe Dairy Ingredients Market Revenue and Forecast to 2028 (US$ Million)

Europe Dairy Ingredients Market Segmentation

Based on product type, the Europe dairy ingredients market is segmented into milk powder, proteins, milk fat concentrates, lactose & lactose derivatives, and others. Based on application, the Europe dairy ingredients market is segmented into food & beverages, animal feed, pharmaceuticals & nutraceuticals, and personal care. Geographically, the dairy ingredients market is segmented into Europe ( Germany , France , UK ,Italy , Russis and Rest of Europe). Lactalis Ingredients , Friesland Campina Ingredients ,Kerry Group , AMCO Proteins ,PROLACTAL , Glanbia Ireland , Arla Foods Ingredients Group P/S are among the leading companies in the Europe dairy ingredients market.

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