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Dairy Nutrition Market is Estimated to Witness High Growth Owing to Rising Health Awareness

Global dairy nutrition market was valued at US$ 15.73 Bn in 2022, and is expected to reach USD 28.94 Bn by 2030. CAGR of 7.92% forecast period of 2023-2030.

BURLINGAME, CALIFORNIA, UNITED STATES, May 21, 2024 / -- Market Overview:

Dairy nutrients provide essential minerals, vitamins, high-quality protein, and other beneficial nutrients to enhance health and well-being. Key products include milk, yogurt, cheese, and butter that help improve bone health and support muscle growth.

Market Dynamics:

The dairy nutrition market is expected to witness significant growth over the forecast period, owing to rising health awareness and changing dietary preferences of consumers. Dairy products are rich sources of calcium that helps build and maintain strong bones and teeth. They also contain essential vitamins and minerals like vitamins A, D, B12, riboflavin, phosphorus, potassium, and magnesium. Moreover, dairy nutrition has positive effects on the gut and cardiovascular health due to the presence of probiotics and conjugated linoleic acid. Rising disposable incomes in developing regions will further drive the demand for dairy-based nutritional products during the forecast period.

Rising Demand for Functional and Fortified Foods is Increasing the Growth of Dairy Nutrition Market

The increasing health awareness among consumers has led to rising demand for functional foods and beverages fortified with nutrients. As dairy products are a rich source of important vitamins and minerals, many dairy manufacturers have introduced fortified dairy products such as yogurt, cheese and milk. Fortifying dairy products allows manufacturers to offer additional health benefits along with essential nutrients. This has significantly boosted the dairy nutrition market. According to a recent survey, over 70% of consumers pay attention to functional ingredients while purchasing dairy products. The demand is especially high among the young population and working professionals who have busy lifestyles and seek convenient nutrition sources. Manufacturers are leveraging this opportunity by developing various fortified dairy products catering to the nutritional needs of different consumer groups.

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Key Players Covered In This Report:

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.

Market Segmentation:

By Ingredient: Whey Protein, Casein Protein, Prebiotics, Vitamins & Minerals, Colostrum, and Nucleotides
By Application: Functional Foods, Infant Formula & Clinical, Dairy Products, Bakery & Confectionary, Personal Care

Key Region/Countries are Classified as Follows:

The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered.

The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ Latin America (Brazil, Argentina, Colombia, etc.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Stringent Regulations on Addition of Nutrients Pose Challenges for Industry Growth

While dairy fortification offers several benefits, stringent regulations on addition of nutrients can act as a restraint for the dairy nutrition market. Regulatory bodies have set limits on the types and amounts of added nutrients in food and beverages to ensure safety. Manufacturers need to carefully formulate products within these guidelines. Additionally, different regions have their own regulatory standards which makes product development and marketing complex for global players. Non-compliance with nutrient addition policies can result in heavy penalties, product recall or ban. This regulatory challenge becomes more pronounced for new innovative products with proprietary nutrient blends. Companies must invest significant efforts in research and approvals to navigate stringent regulations, especially in developed markets, which increases costs and timelines.

Growing Demand for Sports and Clinical Nutrition Products Presents Lucrative Opportunities

The rising health consciousness and increasing participation in sports and fitness activities has fueled the demand for specialized dairy-based sports and clinical nutrition products. Sports dietitians recommend protein-rich dairy in athletic training diets for energy, hydration and muscle building. This has encouraged dairy companies to develop nutrition products targeting the sports segment. There is also increasing demand for clinically formulated dairy products among baby boomers and the elderly population for specific health conditions like diabetes, bone health, gut health etc. As the consumer desire for specialized nutrition grows, companies can capitalize on this opportunity by developing clinically proven formulations addressing key health areas. This presents a multi-billion dollar opportunity for dairy food companies with research and development capabilities.

Evolving Consumer Preferences Drive Innovation Towards Plant-Based Alternatives

A notable trend in the dairy nutrition market is the rising popularity of plant-based milk alternatives such as soy milk, almond milk and oat milk. This shift is being driven by growing consumer preferences for vegan, gluten-free and eco-friendly products. Plant-based milk substitutes are appealing options for people with dairy allergies or sensitivities as well as flexitarians looking to decrease animal product intake. To cater to evolving tastes, manufacturers are investing in plant-derived dairy alternative beverages fortified with key nutrients. The market has also seen innovative combinations such as plant-nut blends that offer texture and taste closer to dairy milk. This transformation towards more sustainable and varied product portfolios allows companies to stay relevant to changing consumer trends in the long run.

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Dairy Nutrition Market ?
➥ What current trends will influence the market over the next few years?
➥ What are the market’s opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

Mr. Shah
Coherent Market Insights Pvt. Ltd.
+1 206-701-6702
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