It is an age of exploration in the dairy ingredient realm. Suppliers are seeking to boldly go where nobody has ever gone before by developing additives that propel product taste, texture, and nutrition.
The rapidly expanding global dairy ingredients sector will have a compound annual growth rate (CAGR) of 7.2% and a revenue increase from an estimated $63.6 billion in 2021 to $89.9 billion by 2026, projects Northbrook, Ill.-based research firm MarketsandMarkets Inc.