Market Research Future Published a Half-Cooked Research Report on the Global Dairy By-Products Market, which is estimated to grow at a CAGR of 5.2% during the forecast period 2017-2023.

Market Overview:
Dairy By-Products Market Size are used to prepare functional foods & beverages, dietary supplements, and nutraceutical products. The high demand of functional drinks and protein supplements is supporting the growth of the global dairy by-products market. Rise in health concerns is one of the major factors contributing to growth of the market.

Market Forecast:
The increasing sale of dairy by-products such as whey & ghee residues is driven by the increase in demand for high protein containing products. The demand of dairy by-products in functional foods & beverages is high amongst the athletes. Whey is popular due to its application in infant food as it provides necessary protein needed by the infants body. Furthermore, the sale of powdered dairy by-products is anticipated to grow at a higher rate due to higher shelf-life of the product.

Globally the dairy by-products market share in functional foods and beverages industry is escalated by an increasing demand of functional dairy products in the developed countries. Dairy by-products are found to have multi-purpose applications in various other industries, amongst which the application in the sports nutrition food and beverages & dietary supplements is increasing at a higher rate. However, high processing cost, health and safety concerns, and the stringent regulatory concerns for marketing of dairy by-products are considered to be the major challenges to this market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 5.2% of dairy by-products market during the forecast period 2017-2023. 

Dairy By-Products Market Segmentation:

The global dairy by-products market segmentation encompasses application, form, and type. MRFRs research on the market highlights many factors of the market in-depth.

The application-based segmentation of this market can cover dietary supplements, functional beverages, functional food, nutraceuticals, and others. Among these segments, the dietary supplements segment is ruling the market.

Regarding form, the market has been segmented into granules, liquid, powder, and others. Among these segments, the powder segment tops the market share due to its increased use in the supplements as well as functional food & beverage products. The powdered form is also more stable than any other form.

By type, the market includes ghee residue, whey, and other by-products. The whey segment controls the market due to its high usage in the production of nutritional supplements and protein beverages.

Regional Analysis:

A geographical outlining of the global dairy by-products market covers North America, Europe, Asia Pacific, and Rest of the World (RoW).

North America has the largest market, which gets followed by Europe. The market is strong in both regions due to Increasing demand for nutritional protein-based food products that are popular in developed countries. USA and Canada are the biggest importers of dairy by-products. The USA is also one of the top five exporters of dairy by-products. In Europe, the biggest importers are Germany and the UK. The UK is also among the top-five key exporters of dairy by-products, along with France and the Netherlands.  Other countries generating significant market revenue in Europe are Italy and Spain. Research on the remaining countries in Europe featured in this report calculates the strong addition to market revenue from various other countries in this region.

During the forecast period, the Asia Pacific region can be the fastest growing regional market due to high population growth, awareness about health-conscious lifestyle, and increasing demand for dietary supplements. China is the biggest importer as well as a top exporter (among the top five exporters) of dairy by-products in this region. Other crucial markets in this region are Australia, India, and Japan.

The RoW segment covers uncategorized regions and countries. Countries that are important markets in this region are Argentina, Brazil, and South Africa.

Top Key Players:

Big players in the global dairy by-products market are Arla Foods amba (Denmark), China Mengniu Dairy Company Ltd. (China), Dairy Farmers of America Inc. (USA), Danone Inc. (Canada), Fonterra Co-operative Group Ltd. (New Zealand), Groupe Lactalis S.A. (France), Inner Mongolia Yili Industrial Group Co. Ltd. (China), Koninklijke FrieslandCampina NV (the Netherlands), Nestle S.A. (Switzerland), and Saputo Inc. (Canada).

Read More about Dairy By-Products Market: https://www.marketresearchfuture.com/reports/dairy-by-products-market-5061

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