Dairy By-Products Market 2017 Key Growth Drivers, Challenges, Demand and Upcoming Trends Market Overview: Dairy by-products are used to prepare functional foods & beverages, dietary supplements, and nutraceutical products. The high demand of functional drinks and protein supplements is supporting the growth of the global dairy by-products market. Rise in health concerns is one of the major factors contributing to growth of the market. The increasing sale of dairy by-products such as whey & ghee residues is driven by the increase in demand for high protein containing products. The demand of dairy by-products in functional foods & beverages is high amongst the athletes. Whey is popular due to its application in infant food as it provides necessary protein needed by the infant’s body. Furthermore, the sale of powdered dairy by-products is anticipated to grow at a higher rate due to higher shelf-life of the product. Globally the dairy by-products market share in functional foods and beverages industry is escalated by an increasing demand of functional dairy products in the developed countries. Dairy by-products are found to have multi-purpose applications in various other industries, amongst which the application in the sports nutrition food and beverages & dietary supplements is increasing at a higher rate. However, high processing cost, health and safety concerns, and the stringent regulatory concerns for marketing of dairy by-products are considered to be the major challenges to this market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 5.2% of dairy by-products market during the forecast period 2017-2023.
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