Introduction to the Dairy Nutrition Market Report
ResearchAndMarkets.com has released a report on the dairy nutrition market, which provides in-depth analysis of the market size (US$ Billion) and the Cumulative Annual Growth Rate (CAGR %) for the forecast period of 2023-2030. The report covers various parameters, such as ingredients, applications, and regions, providing insights into the market’s drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by leading players.
Market Dynamics and Growth Drivers
Dairy nutrition has been identified as a vital source of nutrition for maintaining overall health. Rising concerns regarding health and wellness among consumers, coupled with growing geriatric populations and rising cases of obesity, osteoporosis, cardiovascular disease, and malnutrition, are the major factors propelling growth of the global dairy nutrition market. Furthermore, the increasing demand for milk-based ingredients in the manufacturing of various products, including dietetic formulations, energy bars, yogurts, infant formulas, geriatric nutritional products, and low-fat spreads, is expected to drive growth throughout the forecast period.
Market Segmentation
The global dairy nutrition market is segmented based on ingredients and applications. The ingredients segment is further divided into dairy protein, prebiotics, vitamins & minerals, colostrum, and nucleotides. The dairy protein segment is sub-segmented into whey protein, WPI, WPH, WPC, casein protein, CPI, CPC, and CPH. The application segment is divided into functional food, infant formula & clinical, dairy products, bakery & confectionery, and personal care.
Regional Outlook
North America held the dominant position in the global dairy nutrition market in 2022, owing to growing awareness regarding the associated benefits of consuming dairy products among consumers. Moreover, the steadily growing obese and geriatric population in the region is also supporting the growth of the dairy nutrition market in North America. Asia Pacific is projected to be the fastest growing region in the global dairy nutrition market over the forecast period, owing to rapid growth in the food processing industry in the region. Furthermore, the continuously growing osteoporosis risk among the geriatric population and high prevalence of malnutrition in the region is expected to fuel the growth of the dairy nutrition market during the forecast period.
Company Profiles and New Product Launches
The report profiles leading players in the global dairy nutrition market, such as Groupe Danone, Fonterra Co-operative Group Ltd., Proliant Inc., Koninklijke DSM N.V., E.I. DuPont De Nemours and Company, Arla Foods amba, Cargill Inc., Groupe Lactalis S.A., APS BioGroup, and Nestle S.A. The profiles are based on various parameters, such as company overview, financial performance, product portfolio, geographical presence, key developments, and future plans. The dairy nutrition market is expected to witness various new product launches and approvals over the forecast period.
In February 2023, Koninklijke DSM N.V. launched a new patented ingredient, named MaxiLife Chymotrypsin, which is a high-quality protein source for use in clinical nutrition. In November 2022, Arla Foods amba launched Arla Protein Yogurt, a high-protein yogurt made from 100% natural ingredients.
Future Outlook and Conclusion
The global dairy nutrition market is projected to grow from USD 15.73 billion in 2022 to USD 28.94 billion by 2030, representing a compound annual growth rate (CAGR) of 7.9% during the forecast period. The report’s insights into market drivers, restraints, opportunities, and competitive strategies adopted by leading players would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launches, market expansion, and marketing tactics. Overall, the dairy nutrition market’s growth potential, market size, and future opportunities make it an attractive investment proposition for stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, new entrants, and financial analysts.