(Food-Beverage-News.Com, October 04, 2017 ) According to the report Latin America Dairy Ingredients Market by Form (Milk, Whey), by Type (Milk Powder, Whey Ingredients, Milk Protein Concentrates, Milk Protein Isolates, Lactose & Derivatives, Casein & Caseinates, Milk Protein Hydrolysates), by Application (Bakery & Confectionery, Dairy Products, Convenience Foods, Infant Milk Formula, Sports & Clinical Nutrition), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (20162021) published by Market Data Forecast, The Latin America Dairy Ingredients Market had a market value of USD 5.28 billion in 2016 and is forecasted to exhibit a CAGR of 4.78% and reach USD 6.67 billion by 2021.
The Latin America Dairy Ingredients market is predicted to showcase huge potential in the forecasting period. The market has continued to gain momentum with rise in awareness among consumers about health, fitness and wellness.
Dairy ingredients are one of the most important part of the production of dairy and other food products. Their primary uses include enhancing the nutrition value, adding flavors and other functions like emulsification and solubility.
The dairy ingredients have had a high potential in their applications among new products, and have hence shown a rapid growth recently. Other major factors contributing to the market growth include, growth in applications in field of nutrition and convenience foods, rise in demand for bakery products, increasing production of dairy products, emerging markets around various regions. The market faced some restraints as well, which are available alternatives such as plant proteins, rising incidences of lactose allergies and intolerance, dairy products adulteration. These factors have been hindering the growth of the market.
The Latin America Dairy Ingredients Market is broadly classified on the basis of form, type and application. Based on form, the segments include milk and whey. The segmentation on the basis of type is done under milk powder, milk protein concentrates, casein & caseinates, milk protein isolates, whey ingredients, lactose & derivatives, milk protein hydrolysates. On the basis of application, the market is categorized into bakery & confectionery, convenience foods, infant milk formula, dairy products, sports & clinical nutrition. On the basis of geography, the Latin America market is analysed under various regions namely Brazil, Argentina, Mexico and rest of Latin America.
Among various big companies in the Latin America Dairy Ingredients Market, the major ones are: Fonterra Co-Operative Group Limited Arla Foods Glanbia PLC Dairy Farmers of America Groupe Lactalis Euroserum Saputo Inc. Devondale Murray Goulburn Frieslandcampina Volac International Limited
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