Global Dairy food Market is valued at USD 484.7 Million in 2016 is anticipated to grow USD 968.9 Million with the compounded annual growth of 8.00% over the forecast period 2017-2025.
New York 30 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Dairy food industry is poised to raise USD 968.9 Million by 2025. Some key components for the market development will be; Growing world population base, rise in per capita income, increase in consumer awareness level regarding nutritional values of dairy products and, change in consumer dietary patterns are the key drivers regulating the market growth. In addition, technological advancements and innovations for obtaining more milk from dairy animals.
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Global DairFoodod Market Size study, by type (Lactase, chymosin, microbial rennet, lipase), the application (Milk, chesse, ice-cream & desserts, formula, whey, yogurt), by source (plant, animal & microorganism), and by Regional Forecasts 2017-2025
The industry is seems to be fairly competitive. Some of the leading market players include BASF, solvay, ajinomoto, clariant, albion, galaxy surfactants, and so on. Other market players discussed in the report include novotech nutraceuticals, schaumann, aliphos, provit. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region accounted for the largest market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around XX%
Bizwit Research & Consulting LLP has considered following segments for the study:
- Microbial rennet
- Ice cream & desserts
- North America
- Asia Pacific
- Latin America
- Rest of the World