The article cited AMA's Global Dairy By-Products Market Study explored substantial growth with CAGR of 10.0%. According the report, Consumption of ingredients sourced from nature and with clean labels is on the rise is one of the primary growth factors for the market. Increasing Personal disposable income of consumers
is also expected to contribute significantly to the Dairy By-Products market. Overall, Functional Food
applications of Dairy By-Products, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Dairy By-Products market identified that the demand is rising in many different parts of the world as "Milk powder has a longer shelf life than liquid milk, so consumers started choosing it over liquid milk". Furthermore, some recent industry insights like "In August 2022, Aavin launched 10 new milk products: Aavin Jackfruit Ice Cream, White Chocolate, Cold Coffee, Butter Chiplets, Basundi, Health Mix, Processed Cheese, Baked Yogurt, Milk Biscuit, and Butter Murukku. Through these 10 products alone, Aavin is expected to net an annual revenue of Rs 24 crore. With the additional products, Aavin will now have 225 milk products." is constantly making the industry dynamic. One of the challenges that industry facing is "Inadequate access to finances, lack of affordable technology, and access to information led to low production efficiency"
The Distributional Channel, such as Hypermarket / Supermarket, is boosting the Dairy By-Products market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Dairy By-Products market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Dairy By-Products market and other related sub-markets covered in the study.
o Key & emerging players in the Dairy By-Products market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Dairy By-Products market size is calculated using market estimation process, the Dairy By-Products market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Dairy By-Products market size has been validated using both top-down and bottom-up approaches.