Market Overview:
A dairy by-product may be defined as a product of commercial value produced the manufacture of a main product. The newly acquired economic importance of a by-product will make it a main product in the future. Dairy ingredients are commonly used in the manufacture of various food items.it is used in bakery foods, infant formula, nutritional and dietetic drinks and bars, chocolate and confectionery products, snacks, sauces, dressings, and processed meats.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Nestle (Switzerland), Danone ( France), Groupe Lactalis (France), Dairy Farmers of America (United States), Koninklijke Friesland Campina (Netherlands), Fonterra Co-operative Group (New Zealand), Inner Mongolia Yili Industrial Group (Chiana), Saputo (Canada) and China Mengniu Dairy Company (Hong Kong ) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Dairy By-Products Market Study:
Nestle (Switzerland), Danone ( France), Groupe Lactalis (France), Dairy Farmers of America (United States), Koninklijke Friesland Campina (Netherlands), Fonterra Co-operative Group (New Zealand), Inner Mongolia Yili Industrial Group (Chiana), Saputo (Canada) and China Mengniu Dairy Company (Hong Kong )
Dairy By-Products Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Functional Food, Beverages and Nutraceuticals |
Type | Milk, Cheese, Yogurt, Dessert, Butter, Milk Powder, Cream and Others |
Distributional Channel | Hypermarket / Supermarket,Convenience Store,Specialty Store,Others |
Influencing Trend:
Consumption of ingredients sourced from nature and with clean labels is on the rise
Market Growth Drivers:
Increasing Personal disposable income of consumers and Growth in Government Schemes and Initiatives
Challenges:
Inadequate access to finances, lack of affordable technology, and access to information led to low production efficiency
Restraints:
High Capital Investment and The Surge in demand for alternatives such as plant protein
Opportunities:
Milk powder has a longer shelf life than liquid milk, so consumers started choosing it over liquid milk
Some of the other players that are also part of study are Fonterra Co-operative Limited (New Zealand), Arla Food Group (Denmark) and Unilever United Kingdom). The Global Dairy By-Products market is gaining huge competition due to involvement of france companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
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.
In May 2021, Saputo Inc. announces two strategic acquisitions in each of the dairy alternatives and value-added ingredients segments, representing a combined investment of approximately CDN USD187 million.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Dairy By-Products market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Dairy By-Products market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturing, Suppliers, Providers and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.