The global dairy ingredient market is majorly concentrated market dominated by share. The consumption
pattern of the industry fluctuates with different geographies according on the income levels. The significant
success factor of the industry is the sourcing of milk. Product differentiation and customer service adds value
and boosts the growth of the industry.
In terms of revenue, the market is dominated by whey ingredients and in terms of shipment units, it is
dominated by lactose. The product prices are highly volatile in nature on account of the unpredictable climatic
conditions and inconsistent milk supply. This poses a serious threat to the industry. Canola, soy and rapeseed
are the plant proteins which are the major substitutes to the dairy products and cause threat. High concentrate
ingredients such as whey proteins, milk protein isolates are majorly found in developed countries like the U.S.,
Germany, and France. While, the low concentrate ingredients are more prevalent in the developing countries.
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https://www.millioninsights.com/industry/food-ingredients
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