Market Overview:
The global modified milk ingredients market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for dairy-based products, especially in the Asia Pacific region. Modified milk ingredients are used in various applications such as food & beverages, cosmetics and personal care, nutraceuticals, pharmaceuticals, and others. The food & beverage segment accounted for the majority of the share in 2017 and is projected to grow at a CAGR of 5.8% during the forecast period. Modified milk ingredients are also used as an ingredient in infant formula and other nutritional supplements owing to their high nutritional value.
Product Definition:
A milk ingredient that has been modified to improve its functional or nutritional properties. Modified milk ingredients can include, but are not limited to, lactose-free milk, protein-fortified milk, and calcium-fortified milk.
Calcium reduced Skim Milk:
Calcium reduced skim milk is a type of milk that has had the fat content removed. It is usually used in food products like ice creams, yogurts and other dairy based foods to increase their shelf life. The removal of the fat reduces the calorie content of this product which makes it suitable for people who are trying to lose or control their weight.
Casein:
Casein is a milk protein. It's composition varies with different types of milk. Casein is extracted from the whey (a part of milk) and used as an ingredient in various food products like ice creams, cakes, cookies, etc. The modified ingredients made using casein are called caseinate or casienate and can be found in many dairy products like cheese, cream cheese, butterfat extracts for infant formulas among others.
Application Insights:
Food & beverage was the dominant application segment and accounted for a revenue share of around 60.0% in 2017. The product is used as an ingredient in bakery products, ice cream, cakes, pastries and cookies to enhance their flavor and nutritional value. It is also added to breakfast cereals, granola bars, energy bars and soups on account of its health benefits including weight management properties along with improved cardiovascular system functioning.
The cosmetics & personal care segment is expected to witness the fastest growth over the forecast period owing to increasing demand for natural ingredients-based products that help improve skin texture without causing any side effects or allergic reactions.
Regional Analysis:
Europe was the largest market for GMM with a share of more than 35.0% in 2017 owing to high demand from countries, such as U.K., Germany, and France. The presence of major manufacturers coupled with consumer awareness regarding health benefits is expected to drive the market growth over the forecast period. Asia Pacific is projected to be one of the fastest-growing markets due to increasing consumption as a result of growing population and rising disposable income especially in developing countries like China and India will have a positive impact on industry growth over next eight years.
The food & beverage segment dominated globalized milk ingredients industry accounting for more than 40% share in 2016 globally which can be attributed mainly to high consumption from developed economies including U.S.
Growth Factors:
- Increasing demand for dairy-based products: The global population is growing and with it, the demand for dairy products. This is especially true in developing countries where diets are shifting to include more protein-rich foods.
- Rising income levels: As people’s incomes rise, they are able to afford more expensive food items like dairy products. This drives demand for milk ingredients such as modified milk proteins which can be used to make high-quality foods and beverages.
- Growing awareness of the health benefits of milk proteins: There is a growing awareness of the health benefits of milk proteins, which has led to an increase in their use in food and beverage formulations. Milk proteins are known for their ability to improve muscle mass, aid weight loss, and boost cognitive function.
Scope Of The Report
Report Attributes
Report Details
Report Title
Modified Milk Ingredients Market Research Report
By Type
Calcium reduced Skim Milk, Casein, Caseinates, Other
By Application
Food & Beverages, Cosmetics and Personal Care, Nutraceuticals, Pharmaceuticals, Others
By Companies
Nestle, Lactalis International, Danone, Fonterra Co-operative, FrieslandCampina, Arla Foods, Dean Foods, Yili Group, China Mengniu Dairy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Modified Milk Ingredients Market Report Segments:
The global Modified Milk Ingredients market is segmented on the basis of:
Types
Calcium reduced Skim Milk, Casein, Caseinates, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverages, Cosmetics and Personal Care, Nutraceuticals, Pharmaceuticals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nestle
- Lactalis International
- Danone
- Fonterra Co-operative
- FrieslandCampina
- Arla Foods
- Dean Foods
- Yili Group
- China Mengniu Dairy
Highlights of The Modified Milk Ingredients Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Calcium reduced Skim Milk
- Casein
- Caseinates
- Other
- By Application:
- Food & Beverages
- Cosmetics and Personal Care
- Nutraceuticals
- Pharmaceuticals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Modified Milk Ingredients Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Modified milk ingredients are those that have been altered in some way, such as adding sugar or other sweeteners.
Some of the key players operating in the modified milk ingredients market are Nestle, Lactalis International, Danone, Fonterra Co-operative, FrieslandCampina, Arla Foods, Dean Foods, Yili Group, China Mengniu Dairy.
The modified milk ingredients market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Modified Milk Ingredients Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Modified Milk Ingredients Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Modified Milk Ingredients Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Modified Milk Ingredients Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Modified Milk Ingredients Market Size & Forecast, 2018-2028
4.5.1 Modified Milk Ingredients Market Size and Y-o-Y Growth
4.5.2 Modified Milk Ingredients Market Absolute $ Opportunity
Chapter 5 Global Modified Milk Ingredients Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Modified Milk Ingredients Market Size Forecast by Type
5.2.1 Calcium reduced Skim Milk
5.2.2 Casein
5.2.3 Caseinates
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Modified Milk Ingredients Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Modified Milk Ingredients Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Cosmetics and Personal Care
6.2.3 Nutraceuticals
6.2.4 Pharmaceuticals
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Modified Milk Ingredients Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Modified Milk Ingredients Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Modified Milk Ingredients Analysis and Forecast
9.1 Introduction
9.2 North America Modified Milk Ingredients Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Modified Milk Ingredients Market Size Forecast by Type
9.6.1 Calcium reduced Skim Milk
9.6.2 Casein
9.6.3 Caseinates
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Modified Milk Ingredients Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Cosmetics and Personal Care
9.10.3 Nutraceuticals
9.10.4 Pharmaceuticals
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Modified Milk Ingredients Analysis and Forecast
10.1 Introduction
10.2 Europe Modified Milk Ingredients Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Modified Milk Ingredients Market Size Forecast by Type
10.6.1 Calcium reduced Skim Milk
10.6.2 Casein
10.6.3 Caseinates
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Modified Milk Ingredients Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Cosmetics and Personal Care
10.10.3 Nutraceuticals
10.10.4 Pharmaceuticals
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Modified Milk Ingredients Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Modified Milk Ingredients Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Modified Milk Ingredients Market Size Forecast by Type
11.6.1 Calcium reduced Skim Milk
11.6.2 Casein
11.6.3 Caseinates
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Modified Milk Ingredients Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Cosmetics and Personal Care
11.10.3 Nutraceuticals
11.10.4 Pharmaceuticals
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Modified Milk Ingredients Analysis and Forecast
12.1 Introduction
12.2 Latin America Modified Milk Ingredients Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Modified Milk Ingredients Market Size Forecast by Type
12.6.1 Calcium reduced Skim Milk
12.6.2 Casein
12.6.3 Caseinates
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Modified Milk Ingredients Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Cosmetics and Personal Care
12.10.3 Nutraceuticals
12.10.4 Pharmaceuticals
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Modified Milk Ingredients Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Modified Milk Ingredients Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Modified Milk Ingredients Market Size Forecast by Type
13.6.1 Calcium reduced Skim Milk
13.6.2 Casein
13.6.3 Caseinates
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Modified Milk Ingredients Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Cosmetics and Personal Care
13.10.3 Nutraceuticals
13.10.4 Pharmaceuticals
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Modified Milk Ingredients Market: Competitive Dashboard
14.2 Global Modified Milk Ingredients Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nestle
14.3.2 Lactalis International
14.3.3 Danone
14.3.4 Fonterra Co-operative
14.3.5 FrieslandCampina
14.3.6 Arla Foods
14.3.7 Dean Foods
14.3.8 Yili Group
14.3.9 China Mengniu Dairy
