Global Dairy Ingredients Market size is expected to reach USD 86.97 billion by 2024, according to a new report by Grand View Research, Inc. The rising demand for dairy products in emerging markets including China and India as a result of product innovation by companies including Nestlé is expected to promote usage of milk powder as a functional ingredient. Rising importance of frozen bakery goods as a result of new product launches by companies including ABF is expected to promote the use of milk powder further over the forecast period.
Infant formula is projected to witness revenue growth at a CAGR of 4.8% from 2016 to 2024. The emergence of China and India as a major hub for manufacturing baby products on account of increasing birth rates on a domestic level is expected to promote market demand over the projected period.
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Further key findings from the report suggest:
View Research Insight on Dairy Ingredients Market by Grand View Research Report: http://www.grandviewresearch.com/research-insights/dairy-ingredients-market-insights-size-share
Grand View Research has segmented the global dairy ingredients market by product, application and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
South East Asia
Central & South America
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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