Analysis of Dairy Concentrates Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global dairy industry has grown not only in terms of production and consumption but also in terms of innovations and technologies for fermenting and storing dairy products. In 2021, the worldwide market for dairy products was valued at about USD 871 billion which is further expected to cross a valuation of USD 1128 billion by 2026.
Dairy products are a great source of calcium which is why the American States Department of Agriculture has recommended the inclusion of dairy products into a regular diet. Other key ingredients in dairy products include vitamin D, Phosphorus, and Magnesium which are important nutrients required by the body.
Dairy concentrates can be used to boost milk production and maintain cow health, both of which are crucial for the dairy industry's contribution to world agriculture. Milk concentrates are low-fiber, high-energy meals. In order to make up for any inadequacies that may still exist after consuming the forage portion of the ration, these are typically employed as supplementary sources.
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The demand in the market is being driven by the rising health consciousness among consumers, who are forcing them to consume foods that are high in protein and energy content. Numerous feed components, including vitamins, proteins, and minerals, may be transported.
Moreover, these are used as supplements to meet certain requirements of the cow such as NDF, SP, UIP, and NDF which improves the quality of the products made from derivatives of that cow. Higher profit margins backed up by the high demand for nutrient-rich products are fuelling the demand in the market. The quality of dairy products can be improved by adding nutritional values to the forage of the ration. The dairy concentrate is mostly used to supplement livestock feed for farm animals to grow at a healthy rate and owing to this reason the demand is anticipated to witness growth over the forecast period.
The market growth is stimulated by growth in the agricultural sector and propelled health awareness among consumers.
Over recent years, the dairy industry has witnessed a boost owing to an increase in the agricultural sector and the increasing awareness about the health risks in the consumers which is a key factor in driving the demand in the market. The increasing demand for milk and milk products is a huge contributing factor to the increasing usage also helps in increasing the quality of the milk that the cows are producing and improves the digestion of the cattle which aids in improved quality and increased quantity of the milk.
Dairy concentrates also help to modify the specifications of the products such as protein content, crude fiber, and calcium thereby catering to a wide range of applications, which is expected to drive the growth of the demand over the forecast period.
Dairy milk production or the production of concentrates includes cattle manure and greenhouse gases emission which foster climate change. Lack of proper handling of fertilizers and manure can degrade land and natural sources of water. The unsustainable practices in the dairy sector also affect animal health and overall feed production.
The loss of ecological balance and animal health is likely to affect the production capacity and overall margin profit for both farmers and manufacturers of dairy concentrates. Organizations like World Wildlife are working on initiatives that integrate the world’s farmers and dairy manufacturers to produce products in a sustainable way. With engagement among dairy farmers and cooperatives WWF is intended to transform the dairy concentrate sector in the forecast period.
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The increasing population in the Asia-Pacific region is one of the key factors for fueling the demand for dairy products and thereby fuelling the demand for dairy concentrates in the market. Easy availability of raw materials and high-profit margins are key reasons for attracting a lot of supply-side participants and forcing them to enter this niche market and increasing production.
The North American and the European region are anticipated to witness a significant growth share in the market owing to an increase in the consumption of dairy products thereby increasing the demand over the forecast period.
Increasing health and dietary concerns are leading to a rise in demand for dairy concentrate in the market. Sensing the lucrative growth in this business, numerous new market players are expected to enter the dairy concentrates market.
The key market participants identified across the value chain of the global dairy concentrates market is
The companies primarily invest in research and follow a product-based approach for data estimation. Use of triangulation is done to manage the data used for this research. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate overall market sizes.
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The market is expected to garner a market value of US$ 250 Billion by the end of 2028.
Europe is expected to possess a 33% market share for the market in the forecast period.
The market is expected to register a CAGR of 3% in the forecast period 2018-2028.
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