The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreSep 2016
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Dairy is a strong growth category within packaged food and, as a result, offers good prospects for many ingredients. Although milk dominates the overall make-up of most finished dairy products, many speciality ingredients are also vital in adjusting texture, flavour and health profiles. This report assesses ingredients use within the global dairy market and looks at what specific dairy trends and drivers are influencing the development of some of the key speciality ingredient sectors.
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Falling milk prices and stagnating consumer demand for basic dairy products is placing growing pressure on the dairy industry to add value to milk; this has led to the creation of both new milk-based ingredients and more value-added consumer products.
In finished dairy markets, best volume growth is coming from non-dairy milk alternatives, yoghurt and flavoured milk drinks, so these are particularly important targets for ingredients suppliers.
Asia Pacific and the Middle East and Africa are driving dairy market growth and knowledge of local tastes and interests is very important in these areas; in more mature markets, the emphasis on adding value is particularly pronounced.
The rise of non-dairy milks has generated significant growth in key ingredients used in this category, eg soy extract, commodities (mainly water) and minerals for fortification, while poly/oligosaccharides are also key to the development of such products.
Meanwhile, value-added demands in mainstream dairy applications are driving growth in other important categories, including poly/oligosaccharides, proteins, cultures, cocoa ingredients, sweeteners and flavours.
Textural and flavour demands are particularly important in ingredient choice. Healthy formulations are still significant but the health focus is starting to switch from “better for you” and functional options to more naturally healthy formulations.
Lactose is a key issue in the dairy arena and further advances are expected in lactose-free development, while natural health strategies continue to evolve. Demands for ingredients specific to alternative milks, eg camel or donkey, are also expected to rise.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.