Consumers are embracing a flexitarian lifestyle and consuming both dairy products made from animals and plants. According to PMR’s analysis, these and other elements will cause the global dairy derived flavours market to expand in volume by a respectable 1.5X from 2020 to 2030. The reasons why East Asia and South Asia account for more than 40% of the global market share are also covered in detail. Additionally, PMR delves deeply into how the current COVID-19 epidemic may affect the global market for dairy-derived flavours. The desire for premium flavours outside of the typical chocolate and vanilla flavours is growing, which is good news for the global market for dairy-derived flavours. Another aspect driving up demand is increased customer appetite for greater nutrition and taste.
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Even if eating a balanced diet is their top priority, consumers still place a higher value on taste than nutrition and tend to prefer creamy textures. The makers of functional milk products have noticed this trend, and sales of flavours made from dairy products are on the rise. In the upcoming years, it is anticipated that the dairy-derived flavours market would grow due to the increasing demand for natural ingredients.
Manufacturers in the dairy-derived flavors market, such International Flavors & Fragrances Inc, Givaudan SA, FONA International Inc., Jeneil Biotech Inc. Dairy Chem Inc., Gamay Food Ingredients, Advanced Biotech. Inc., and Blends Limited are focusing on manufacturing cost-effective natural dairy flavors, which is likely to help customers in reducing the cost of their products without compromising on quality..
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The market for dairy-derived flavours is dominated by North America, which is predicted to increase at a respectable rate of more than 4%. Together, Europe and North America hold more than 50% of the market. These regions have a large market share in the market for dairy-derived flavours due to rising consumer awareness of the benefits of using healthy ingredients in food and beverage production.
To increase their market share in North America and Europe, major players in the manufacturing of dairy-derived flavours are concentrating on expanding their production capabilities. In order to increase revenue, these players are also focusing on the high-tech food and beverage and sports nutrition sectors in these areas.
Companies
Company Profile
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- Givaudan SA
- International Flavors & Fragrances, Inc.
- Kerry Group
- Archer Daniels Midland Company
- Takasago International Corporation
- CP Ingredients
- Flaverco Ltd.
- Edlong Corporation
- Blends Limited
- Dairy Chem Inc.
- Gamay Food Ingredients
- Advanced Biotech. Inc.
- FONA International Inc
- Bluegrass Dairy & Food, Inc.
- Jeneil Biotech Inc.
- Comax Flavors
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Analysts’ Viewpoint
The global dairy-derived flavors market is expected to witness substantial value growth over the coming years, attributed to increased application in the bakery industry. Efforts by manufacturers to include high-quality dairy flavors with improved health benefits are expected to lead to significant market growth. With ongoing and pipeline research & development in end-use segments, the dairy-derived flavors market is expected to reach a total volume of 240,526 tons by the end of 2030.
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