REDDING, Calif. , Aug. 12, 2024 /PRNewswire/ -- According to a new market research report titled, ' Dairy Ingredients Market Size, Share, Forecast, & Trends Analysis by Source (Milk, Whey), Type (Milk Powder, Whey Protein, Milk Protein, Lactose, Buttermilk Powder, Whey Permeate), Application (Food {Dairy Products}, Beverages)- Global Forecast to 2031 ,' the dairy ingredients market is expected to reach $93.
22 billion by 2031, at a CAGR of 4.9% from 2024 to 2031. Download Sample Report Now- https://www.
meticulousresearch.com/download-sample-report/cp_id=4994 The dairy ingredients market is experiencing growth due to growing consumer awareness of nutritious meals, rising health and wellness trends, improvements in supply chain management, growing industrial acceptance of dairy components, and rising milk production. The growing prevalence of lactose intolerance and the need for plant-based dairy substitutes are anticipated to partially impede market growth.
Additionally, growing economies and the dairy industry's technical advancements are projected to open up new market opportunities for players operating in this market. On the other hand, growing consumer knowledge of the advantages of a vegan diet presents a significant challenge to market stakeholders. Furthermore, healthy snacking is a prominent trend in the dairy ingredients market.
Dairy ingredients are produced to enhance the nutritional content of finished products. They are primarily derived from milk and whey. Due to.