Dairy By-Products Market Research Report: by Type (Whey, Ghee Residue), Form (Liquid, Powder, Granules), Application (Functional Food, Beverages, Nutraceuticals) and Region (North America, Europe, Asia Pacific and ROW) - Forecast till 2023

Pune, India -- (SBWire) -- 07/03/2018 --Market Overview:
Dairy by-product is a product of commercial value produced along with the main product at the time of dairy processing.  Whey & ghee residue are the most common by-products obtained. Whey is rich in vitamins, minerals and contains only trace amount of fat which is used for the production of various nutritional sports products.

The rising global demand for dairy by-products, increasing demand for pediatric foods, and global trends in health and wellness, along with an increased popularity of whey and ghee residue consumption, are the major factors contributing towards the growth of global dairy by-products market. Additionally, growing demand for functional food & beverage and performance-boosting products coupled with the advancements in technology has surged the demand for dairy by-products market globally.

Furthermore, rapid growth in demands for infant foods, processed foods, dairy-based products, and dietary supplements, along with wide range of applications in personal care and sports nutrition industry are some of the key factors driving the market growth.

Major Key Players:
Some of the key players profiled in the Global Dairy By-Products Market:  Fonterra Co-operative Group Ltd. (New Zealand), Nestle S.A. (Switzerland), Danone, Inc. (Canada), Groupe Lactalis S.A. (France), Dairy Farmers of America, Inc. (U.S.), Koninklijke FrieslandCampina NV (the Netherlands), Arla Foods amba (Denmark), Inner Mongolia Yili Industrial Group Co., Ltd. (China), Saputo Inc. (Canada), China Mengniu Dairy Company Ltd. (China).

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Key Findings:
Top five exporters of dairy by-products are the U.S., the U.K, China, the Netherlands and France. Dairy by-products have a massive opportunity in the functional foods & beverages industry

Segments:
Dairy by-products are segmented on the basis of type, which includes whey, ghee residue and other by-products. Among both, the whey segment is dominating the market owing to its high usage in the production of protein beverages and nutritional supplements.

Dairy by-products are segmented on the basis of form, which includes liquid, powder, granules and others. Among all, the powder segment is dominating the market. The foremost reason for this growth is its increased use in the supplements and functional food & beverage products. Also, the powdered form is relatively stable than any other form.

Dairy by-products are segmented on the basis of application, which includes functional food, functional beverages, nutraceuticals, dietary supplements, and others. Among all, the dietary supplements segment is dominating owing to its high functional and nutritional properties.

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Regional Analysis:
The global dairy by-products market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American market holds the major share of market followed by Europe. Increasing demand of nutritional protein based food products amongst the developed countries of North American and European region is supporting the growth of dairy by-products market.

However, Asia Pacific region is expected to be the fastest growing market during the forecast period 2017-2023. Furthermore, increasing demand for dietary supplements in the population is supporting the growth of global dairy by-products market. The U.S., the U.K, Canada, Germany, and China are the major importers of dairy by-products.