Analysis of Recombined Milk Products market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Revenues in the recombined milk products industry are expected to grow at a robust 10.4% CAGR between 2021 and 2031, reaching a value of US$ 978.2 Mn in 2021.
As per the Fact.MR analysis, the key players are sensing the opportunities and relying on innovations, product development, and maintaining standardized quality to gain a major share in the market.
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For instance, in June 2021, Arla Foods Ingredients announced the launch of a new whey protein hydrolysate ingredient that overcomes taste challenges in products for patients with maldigestion or malabsorption.
WPH Lacprodan® DI-3091 is an extensively hydrolyzed whey protein for medical nutritional supplements. As well as the high content of essential amino acids, dipeptides, and tripeptides, it offers a significantly better taste profile than similar products.
Better taste has been ensured in the WPH Lacprodan® DI-3091 which is a 100% whey-based solution and can be used in both RTDs and tube feed solutions. Produced using a unique enzymatic process, WPH Lacprodan® DI-3091 has a 21-27% degree of hydrolysis. However, unlike comparable ingredients, it offers minimal off-taste.
Fact.MR- a market research and competitive intelligence provider- concludes that the top 5 players account for nearly 78.2% share in the market. Globally, the key exporters of the recombined milk products include U.S., Malaysia, and Saudi Arabia.
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Recombined milk products reflect the growing influence across the globe, due to its intense flavor. Increasing population and milk consumption rate will boost the global market in the near future.
Recombined milk products are manufactured by mixing milk fat and milk solids-non-fat (MSNF), with water. This combination must be made to re-establish the specified fat to MSNF ratio and dry matter (DM) to water ratio.
These are products made from dairy-products ingredients with compositions other than conventional dairy products. Recombined milk products can also be prepared by recombining skim milk powder and butter with water.
This is often done in countries where there is not enough milk production to meet the demand for beverage milk consumption.
Products launches have dominated the global market as there has been increasing focus on maximum customer reach and nutrition-rich profile of the recombined milk products, which is being supported by new scientific research publications.
The manufacturer is continuously enhancing their product quality to maintain supremacy in global market.
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The factors driving the demand for recombined milk products include increasing urbanization, and the growth of the middle class are spurring demand for dairy products.
Increase in the inclusion of recombined milk products such as cheese, yogurt, etc. in the diet is expected to drive the market for recombined milk products in the near future.
Change in dietary patterns and inclusion of nutritional products in daily intake has resulted in the consumption of various products’ demand such as cheese, cream and yogurt, which is expected to lead the market for recombined milk products across the globe.
Government initiatives to support the producers of recombined milk products and subsidies for large-scale manufacturing of recombined milk products, which is expected to drive growth in the near future.
Growing consumer awareness around the health benefit of milk products is expected to impact the recombined milk products demand positively.
Factors restraining the sales in the global market are improper distribution channel, increasing investments in infrastructure.
Maintenance of recombined milk products may act as a challenge to the overall market, thereby, negatively impacting the market price trend.
The APEJ region is witnessing the fastest growth in the global market owing to high population, and an increase in health awareness backed up by rising per capita disposable income.
In Russia and parts of Africa, demand is expected to grow at a significant rate. Due to an insufficient supply of local milk and the high cost of dairy import in these regions, recombination is recognized as the optimal means of producing recombined milk products.
To maintain that quality standard, the use of recombined milk products is increasing in the region. The unorganized sector is focusing on using recombined milk products to maintain the standard of quality.
This factor is expected to increase in demand for recombined milk products across the globe. Japan and MEA are also likely to showcase growth in the near future.
The leading players in global market are mentioned below as;
The research report presents a comprehensive assessment and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to the market segments such as geographies, application and industry.
The Recombined Milk Products report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Global market can be segmented on the basis of product type, end-use and sales channel
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Sales of recombined milk products are expected to be worth US$ 978.2 Mn in 2021. The market is set to grow at 10.4% CAGR during the forecast period.
Demand for recombined milk has grown at 9.7% CAGR between 2016 and 2020.
U.S., Malaysia, and Saudi Arabia are the top exporters of recombined milk products globally.
Leading recombined milk products companies hold 78.2% of the overall market share
Change in dietary patterns and inclusion of nutritional products in daily intake are the latest trends driving the market.
Sales of recombined milk products in North America are likely to expand at 7.9% CAGR over the forecast period.
European Recombined milk products market is expected to expand at 8.4% CAGR over the forecast period.
Sales of recombined milk products in South Korea are set to grow at 8.4% CAGR, whereas demand for recombined milk products in Japan will grow at 9.7% CAGR
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