Dairy Ingredients Market Exhibiting At USD 86.97 Billion By 2024 : Grand View Research Inc.
San Francisco, 7 October 2019: The Report Dairy Ingredients Market Analysis By Product (Skimmed Milk Powder, Whole Milk Powder, Buttermilk Powder, Cream Powder), By Application (Bakery & Confectionery, Dairy Products, Convenience Foods, Infant Milk, Sports Nutrition), And Segment Forecast, 2018 – 2024 The global dairy ingredients market size is expected to reach USD 86.97 billion by 2024, according to a new report by Grand View Research, Inc.The rising demand for dairy products in emerging markets including China and India as a result of product innovation by companies including Nestlé is expected to promote usage of milk powder as a functional ingredient. Rising importance of frozen bakery goods as a result of new product launches by companies including ABF is expected to promote the use of milk powder further over the forecast period. Infant formula is projected to witness revenue growth at a CAGR of 4.8% from 2016 to 2024. The emergence of China and India as a major h