The Dairy Nutrition Market Growth Accelerated By Rising Demand For Dairy Nutrition Products

 

Dairy Nutrition Market

Dairy nutrition products help to nourish infants with essential vitamins and nutrients to support growth and development. These products include infant formula, growing-up milk, and dairy/calcium supplements that are available in powder, liquid, and other forms. They provide balanced nutrition derived from milk, enriched with vitamins, minerals, prebiotics, and probiotics. The dairy nutrition ingredients in these products aid bone development and support the immune system in children and consumers of all ages. The global Dairy Nutrition Market is estimated to be valued at US$ 16.98 billion in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:
The growing demand for dairy nutrition products can be attributed to the rising health consciousness among people and increasing awareness about the benefits of probiotics. Probiotics are live microorganisms that provide health benefits when consumed. Research shows that probiotic dairy ingredients support digestive and immune health. Many dairy nutrition products today incorporate probiotic cultures of Lactobacillus and Bifidobacterium that aid nutrient absorption and bowel regularity. The market players are extensively conducting R&D initiatives to develop advanced dairy nutrition solutions with enhanced probiotic formulations. This is expected to drive the demand for probiotic-enriched dairy foods, beverages, and dietary supplements over the forecast period.
Segment Analysis

The global Dairy Nutrition Market Scope is dominated by powder segment owing to its long shelf life and cost efficiency. The powder segment accounts for around 52% share of the total market. The powder form can be easily mixed with milk, yogurt, and other dairy products. This makes powder dairy nutrition products convenient to use.

Key Takeaways

The global dairy nutrition market is expected to witness high growth over the forecast period of 2023 to 2030. The market is expected to grow at a CAGR of 5.7% during this period. By 2030, the market size is projected to reach US$ 28.27 billion.

Regional analysis: The North American region currently dominates the global dairy nutrition market with a share of over 35% in 2023. Increased health consciousness among consumers and growing awareness about the various health benefits of dairy nutrients are driving the market in the region. Asia Pacific is expected to be the fastest growing region during the forecast period. Rapid urbanization, rising incomes, and changing lifestyles are supporting the growth of the dairy industry and dairy nutrition market in emerging economies of Asia Pacific.

Key players: Key players operating in the dairy nutrition market include Pfizer Inc., Teva Pharmaceuticals, Mylan N.V., Dr. Reddy's Laboratories, Zydus Cadila, Sun Pharmaceutical Industries, Aspen Pharmacare, Apotex Inc., Sandoz (a division of Novartis), and Lupin Limited. These leading players are focusing on new product launches, collaborations and acquisitions to strengthen their market position. For instance, Pfizer Inc. acquired a probiotic brand Align and is marketing it as a dairy nutrition supplement.

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