Market Size of Europe Dairy Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.42 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Dairy Ingredients Market Analysis
The European dairy ingredients market is projected to witness a CAGR of 4.42% during the forecast period, 2020-2025.
The rising health and wellness concerns among consumers, facilitated by the rising participation in sports, led to the enhanced usage of dairy ingredients in the supplements industry. Moreover, the key players are focusing on introducing new products in the market, for meeting the consumers' requirements. For instance, in 2018, Arla Food Ingredients launched a whey protein ingredient solution, Nutrilac CH-769, to alter the manufacturing process of cream cheese.
By type, whey ingredients accounted for the largest share and are considered as highly versatile products. They are used in varied products, including cheese and sushi. Globally, companies are focusing on strengthening their production resources for whey protein, by investing in cheese production. For instance, in December 2017, Arla Foods ('Arla') and a German dairy company, DMK Group ('DMK'), signed a third-party manufacturing contract to produce mozzarella.
However, the presence of alternatives, such as plant proteins, as well as the increasing instances of lactose intolerance and milk allergies are expected to restrain the market's growth.
