The dairy whiteners market to be worth US$ 11.06 billion by 2023, expanding at a CAGR of 6.1% from 2023 to 2033. By 2033, the dairy whiteners industry is expected to reach US$ 19.29 billion.
The demand for dairy whiteners is being fueled by an increase in tea consumption and the health advantages of these products. The demand for dairy whiteners is significantly influenced by their accessibility and ability to provide the same taste as milk.
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Unraveling the Driving Forces Behind Economic Growth
Lactose Intolerance is on the Rise among Millennials
The global dairy whitener market offers exponential income potential due to younger generations’ increasing lactose intolerance. New clients and consumer trends will give endless chances for the global dairy business. The introduction of new flavours and bases will be key market drivers.
Coffee Culture is Becoming Widely Available and Popular
The dairy whiteners industry benefits from the extensive availability of dairy whitener in both online and offline outlets. Aside from that, the growing use of dairy whitener among lactose-intolerant patients is driving market expansion. The expanding acceptability of coffee culture, as well as the increasing use of modern technologies such as spray drying and hydrogenation in the production of dairy whitener, are driving up sales.
Opportunity
The rising number of consumers with health conditions like lactose intolerance is one of the main causes. They are now more inclined to choose dairy goods like dairy whitener as a result.
The dairy whiteners manufacturers are producing unique base, kind, and flavor variations. Due to this, consumers have access to a variety of products, which affects how they shop. Customers are drawn to dairy whitener as a result.
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Regional Analysis
The leading revenue share in the global dairy whiteners industry belongs to the Asia Pacific region, and this trend is to last during the forecast period. Increased population, growing urbanization, and the presence of many tea and coffee drinkers in the area, particularly in developing nations are accelerating the market in the region.
Due to the high population of coffee drinkers in the region—both hot and cold—North America holds the second-significant revenue share in the dairy whiteners industry.
Key Takeaways
- United States dairy whiteners business acquires a market share of 19.4% between 2023 and 2033.
- Germany dairy whiteners industry acquires a market share of 6.5% between 2023 and 2033.
- Australia market acquires a market share of 1.9% between 2023 and 2033.
- Japan dairy whiteners industry acquires a market share of 5.3% between 2023 and 2033.
- China dairy whiteners industry to register a CAGR of 5.2% from 2023 to 2033.
- India market to record a CAGR of 7.9% between 2023 and 2033.
- United Kingdom market to expand at a CAGR of 5.0% from 2023 to 2033.
- By product type category, the unflavored dairy whiteners segment holds a market share of 65.9% during the forecast period.
- By packaging category, the sachets segment holds a market share of 38.6% during the forecast period 2023-2033.
Competitive Environment
Prominent dairy whitener manufacturers intend to broaden their footprint across promising areas. By using growth tactics such as introducing new products, developing strategic collaborations with existing companies, and purchasing small-scale manufacturers.
Nestlé, Fonterra, Danone, Amul, FrieslandCampina, and Lactalis are some of the leading competitors in the global dairy whiteners industry. Arla Foods, Dean Foods, Saputo, Yili Group, Muller, Dairy Farmers of America, Schreiber Foods, Land O’ Lakes, Mother Dairy, Sodiaal, Mengniu, Morinaga Milk Industry, and Kraft Heinz are among the other significant corporations.
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Latest Development
· Expansion
Fonterra Co-operative said in October 2021 that its dairy product outreach in the United Kingdom to expand further, as the country has promised to remove tariffs on all dairy products over the next five years in order to erase restrictions encountered.
Key Segment
By Product Type:
- Flavoured Dairy Whitener
- Unflavored Dairy Whitener
By Packaging:
- Carton Packs
- Sachets
- Plastic Jars
- Jigger Pots
- Stick Packaging
By Sales Channel:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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