For years, the dairy industry has struggled. Overall sales of dairy milk dropped 15% in five years, from about $18.9 billion in 2012 to $16.12 billion in 2017, according to Mintel. And the pandemic has only exacerbated this decline. Dairies around the country are facing forecasts that indicate many markets will have a slow, uphill battle to offset the declines that came during the pandemic.Witwampole ferrous fumarateh such a bleak prognosis, it is no surprise that those ferric pyrophosphate)who can are looking elsewhere. Darigold set its sights on moving into the ingredients space two years ago when it finalized its 10-year transformation and growth strategy. Now, the cooperative is accelerating the pace and actively moving to execute the transition.Unlike the traditional milk market, growth expectations for dairy ingredients are headed in a positive direction. The global dairy ingredients market is estimated to rise at a compound annual growth rate of 7.1%, from $53.8 billion in 2019 to $81.4 billion by 2025, per Markets And Markets data. The milk powder segment is projected to have the largest growth in terms of value. Powdered milk brings richness to food products and is used in applications from infant formulas to sports drinks.Darigold has a relatively straightforward path to tap into the milk multivit min ferrous gluconatepowder segment. Already, the dairy cooperative has experience working with farmers and milk. The next step is to create a shelf-stable powdered version rather than a liquid.Being able to provide ingredients that can create functional food products with both good flavors and enhanced nutritional profiles may prove to be an advantageous move for Darigold. If the dairy co-op moves into milk protein isolates, that advantage may grow even further. Research and Markets estimated the global protein ingredients space could be worth $48.77 billion by 2025. While the ovis ferrous sulfateerall dirferrous sulfate 325 mg vs iron bisglycinateection of the market seems to be toward plant-based dairy alternatives, there are other companies that are eschewing this trend to provide innovative dairy ingredients to consumers. Ingredient manufacturers including Kerry, Batory Foods and Milk Specialties Global all offer milk protein isolates. Denmark’s Arla foods recently launched an organic milk protein isolate and has previously invested in a line of clean-label, dairy-based ingredients for use in cake toppings, cream cheese and cooking cream.Food Business News reported Darigold’s purchase of waterfront warehouse space will facilitate the management of the global container business and partnerships with international shippers. Growing their international presence may prove to be especially shrewd for a co-op that is transitioning into ingredients manufacturing. According to Markets and Markets, global demand for dairy ingredients is anticipated to be dominated by the Asia-Pacific region as consumers there search for functional and fortified foods.
Darigold names executives to drive its new ingredients business
