(Food-Beverage-News.Com, October 12, 2017 ) According to the report “Middle East and Africa 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 (2016–2021)” published by Market Data Forecast, the Middle East and Africa Dairy Ingredients market is estimated to reach USD 3.65 billion by 2021 from a market value of USD 2.88 billion in 2016 at a CAGR of 4.87%.
The MEA Dairy Ingredients market is showcasing significant potential over the mentioned forecast period. The market continues to build up momentum with the increasing awareness among people about health as well as wellness.
Dairy ingredients are one of the most important parts of the production of dairy and other food products. Their primary uses include, enhancing the nutrition value, adding flavours, and other functions like emulsification and solubility.
The dairy ingredients carry a high potential in their applications in the new products, and thus have shown a rapid growth lately. Other factors contributing to the market growth include, growing applications in nutrition as well as convenience foods, increasing dairy production, increase in demand for bakery products, emerging markets in various regions. Apart from these, the market faces some restraints as well. These include availability of alternatives like plant proteins, rising incidences of lactose allergies and intolerance, adulteration in dairy products. These factors have been hindering the growth of the market.
The Middle East & Africa Dairy Ingredients market is segmented based on form, type and application. The market is segmented on the basis of type under whey ingredients, milk powder, milk protein concentrates, lactose & derivatives, milk protein isolates, milk protein hydrolysates, casein & caseinates. On the basis of application, the market is divided into bakery & confectionery, convenience foods, infant milk formula, dairy products, sports & clinical nutrition. Lastly, based on form, the segments include, milk and whey. On the basis of geography, the Middle East & Africa market is analysed under various regions namely Middle East and Africa.
The major companies showing interest in the market lately include Fonterra Co-Operative Group Limited, Frieslandcampina, Dairy Farmers of America, Glanbia PLC, Arla Foods, Euroserum, Groupe Lactalis, Devondale Murray Goulburn, Saputo Inc., Volac International Limited.
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