Dairy By-Products Market Analysis and Sze Forecasted for period from 2024 to 2031

Market Overview and Report Coverage

Dairy by-products are non-edible parts of milk that are extracted or produced during the processing of dairy products such as cheese, butter, and yogurt. These by-products include whey, lactose, casein, and whey protein concentrate, among others. They are widely used in various industries such as animal feed, pharmaceuticals, cosmetics, and food processing.

The Dairy By-Products Market is expected to grow at a CAGR of % during the forecasted period due to the increasing demand for dairy by-products in various industries. The rising awareness about the nutritional benefits of dairy by-products and their sustainable use is also fueling market growth. Additionally, technological advancements in dairy processing and increasing investments in research and development are further boosting the market.

The market forecast for dairy by-products is positive, with growing demand for functional foods and beverages driving market growth. The latest market trends include the increasing use of dairy by-products in sports nutrition products, plant-based dairy alternatives, and pet food. Overall, the dairy by-products market is poised for significant growth in the coming years.

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Market Segmentation

The Dairy By-Products Market Analysis by types is segmented into:

• Liquid
• Powder
• Granules

Dairy by-products are classified into three main types based on their physical form: liquid, powder, and granules. Liquid dairy by-products include whey and buttermilk, which are commonly used in food and beverage manufacturing. Powdered dairy by-products, such as milk powder and whey powder, are versatile ingredients that have a longer shelf life and are easily transportable. Granulated dairy by-products, like lactose and casein, are used as bulking agents and stabilizers in various products. Each type of dairy by-product offers unique properties and benefits for different applications in the market.

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The Dairy By-Products Market Industry Research by Application is segmented into:

• Functional Food
• Beverages
• Nutraceuticals

Dairy by-products are utilized in various applications within the functional food, beverages, and nutraceuticals market. In functional foods, dairy by-products are used to enhance nutritional value, texture, and flavor. In beverages, they are often added for their creamy texture and rich taste. In the nutraceuticals market, dairy by-products are used for their health-promoting properties, such as providing essential vitamins, minerals, and proteins. Overall, dairy by-products play a crucial role in providing health benefits and improving the quality of various food and beverage products.

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In terms of Region, the Dairy By-Products Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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What are the Emerging Trends in the Global Dairy By-Products market?

The global dairy by-products market is experiencing several emerging and current trends. One key trend is the increasing demand for natural and clean label ingredients, leading to a rise in the use of dairy by-products like whey protein and lactose in various food and beverage products. Another trend is the growing popularity of plant-based dairy alternatives, which is creating opportunities for innovation in dairy by-products utilization. In addition, there is a rising focus on sustainability and waste reduction in the dairy industry, driving the development of new technologies for extracting value from by-products. Overall, the market is witnessing a shift towards healthier and more sustainable dairy by-products.

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Major Market Players

The Dairy By-Products market is highly competitive with key players such as Nestle, Danone, Groupe Lactalis, Dairy Farmers of America, Koninklijke FrieslandCampina, Fonterra Co-operative Group, Inner Mongolia Yili Industrial Group, Saputo, and China Mengniu Dairy Company dominating the global market.

Nestle, a Switzerland-based multinational food and beverage company, is one of the largest players in the Dairy By-Products market. The company has been focusing on innovation and product diversification to stay competitive in the market. Nestle reported a sales revenue of USD billion in 2020.

Danone, a French multinational food-products corporation, is another major player in the industry. The company has been expanding its dairy product portfolio and focusing on sustainability to attract consumers. Danone reported a sales revenue of USD 28.97 billion in 2020.

Groupe Lactalis, a French multinational dairy products corporation, is known for its wide range of dairy products and strong market presence worldwide. The company has been focusing on acquisitions and partnerships to strengthen its market position. Groupe Lactalis reported a sales revenue of USD 21.56 billion in 2020.

Fonterra Co-operative Group, a New Zealand-based multinational dairy co-operative, is also a key player in the Dairy By-Products market. The company has been focusing on product quality and safety to maintain consumer trust. Fonterra reported a sales revenue of USD 14.52 billion in 2020.

Overall, the Dairy By-Products market is expected to witness significant growth in the coming years, driven by increasing consumer awareness about the health benefits of dairy products, rising demand for dairy alternatives, and technological advancements in dairy processing. Key players in the market are continuously investing in research and development, innovation, and marketing strategies to stay competitive and capitalize on the growing market opportunities.

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