Dairy flavors are processed and manufactured from dairy products such as milk, butter, cheese, cream, etc. These flavoring agents are specially used to enhance the flavor and creaminess of dairy products. In non-dairy ingredients and product formulations, dairy flavors are used in combination with other natural flavors to provide better taste to the final product. Dairy flavors have a variety of flavor characteristics such as butter, cheese, cream, yogurt and milk. Among these, cheese holds the largest market share and its market value has reached $1,245.53 million in 2020.
Currently, dairy flavors are widely used in soups and sauces, snacks, confectionery, and dairy products. Cheese, butter, milk and cream, and yogurt can bring unique flavors to many meals. Dairy toppings can transform sauces into savory and other special flavors. By adding dairy flavorings, a variety of soups can be created, such as cheese and cream soups. Besides, dairy flavors can be added to various snacks, such as crackers, French fries, popcorn and nutrition bars. The flavor of dairy flavors such as cheese and butter can mimic the flavor of real dairy products to make baked goods. It is also suitable for a variety of gluten-free and dairy-free desserts such as ice cream, mousse, frozen yogurt, pudding, tiramisu and almond desserts. Dairy flavors are also used in dairy products. The addition of dairy flavors not only eliminates the odor, but also restores the authenticity of the dairy product and restores the taste.
As a result of the epidemic, public shopping and eating habits have changed significantly. To prevent and control the epidemic, it has become difficult for people to eat out, thus increasing home cooking activities. Soups and sauces have been a key area of home cooking, and people use dairy flavors to add flavor to food, which is boosting consumption in the soups and sauces. The market value of the soups and sauces area is expected to increase from $394.12 million in 2019 to $401.67 million in 2021.
Global Dairy Flavors Industry Market Status and Prospect Analysis
According to the study, the global dairy flavors market generated total revenue of $3125.29 million in 2015, and increased to $3774.83 million in 2019. The dairy flavors market is projected to reach a value of $4809.0 million by 2025. Global dairy flavors market is projected to grow at a CAGR of 5.15% from 2020 to 2025.
The dairy flavors companies are mainly from Europe and North America, with a high concentration in the industry. The top three companies are Glanbia plc., Ornua Components, and International Flavors & Fragrances Inc. with revenue market shares of 11.93%, 10.44%, and 9.18%, respectively, in 2019.
Get the complete sample, please click: https://www.globalmarketmonitor.com/reports/763047-dairy-flavors-market-report.html
Europe is the largest revenue market with a market share of 37.37% in 2015 and 37.70% in 2019, an increase of 0.33% year-on-year. North America ranks second in the world with a market share of 33.67%. North America and Europe have developed economies, high GDP per capita, and relatively high standard of living, thus the demand for dairy flavors is very strong. However, the impact of the epidemic has prevented people from going out and reduced the frequency of eating out significantly. This has had a significant impact on sales of confectionery, bakery products, dairy products, and other food products produced by restaurants and bakeries. The market value in North America and Europe is expected to decline to $2,677.21 million in 2021 from $2,694.3 million in 2019. However, with the rising standard of living, new flavored foods and beverages are starting to appear in the market such as cheese flavored crackers and chips, yogurt flavored candies and others, which will boost the growth of the dairy flavors market.
Moreover, Japan and China dairy flavors market is expected to be the most promising market in terms of growth potential. The growth of the dairy food and beverage industry will drive the dairy flavors market as the economy grows and the downstream demand increases. The China and Japan market is expected to be valued at $988.5 million by 2025, up from $694.01 million in 2019.
Health Consciousness Awakening to Impact the Dairy Flavors Industry Market
As income levels continue to rise, the pursuit of health is gradually increasing. While they are ingesting healthy products, they are also tired of repeating the same products and want to try more new flavors. The addition of dairy flavors makes food more diverse and also provides more flavor options based on the original nutrition. In the context of increasing health consciousness, consumers will consume whole milk and other dairy products for health purposes, but also worry about the burden of fat intake on health and body management. Dairy flavors can reduce fat intake to a certain extent while improving the flavor of dairy products.
In contemporary society, public lives are becoming increasingly fast-paced and the intake of dietary nutrition structure can easily become incomplete. Due to the limitation of exercise time, they tend to change their diet to achieve their health goals, and dairy flavoring meets the needs of consumers to a certain extent. With this healthy consumer trend, more and more food manufacturers will also join the production of dairy flavors industry.
In addition, consumer demand for novel flavors also brings new opportunities for the development of the dairy flavor market. People are no longer limited to the traditional sweet milk taste, but turn to the pursuit of adding special flavor of dairy products, so that the market becomes more diversified, which will further stimulate the development of the dairy flavors market.
Get the complete sample, please click: https://www.globalmarketmonitor.com/reports/763047-dairy-flavors-market-report.html
We provide more professional and intelligent market reports to complement your business decisions.
Chinese