Global dairy nutrition market was valued at US$ 12.69 Bn in 2016, according to Global Dairy Nutrition Market, by Ingredient (Whey Protein, Casein Protein, Prebiotics, Vitamins & Minerals, Colostrum, and Nucleotides) and by Application (Functional Foods, Infant Formula & Clinical, Dairy Products, Bakery & Confectionary, and Personal Care), published by Coherent Market Insights. The dairy nutrition market is expected to register a CAGR of 7.67% over the forecast period (2017–2025), to reach US$ 23.88 Bn by 2025.
Some of the major factors propelling growth of this market are increasing demand for dairy nutrients, majorly from the food processing sector and growing awareness regarding health benefits of consuming dairy products. Health benefits associated with consumption of dairy products include reducing cholesterol levels, healthy bone growth and lower risk of cardiovascular disease. Furthermore, increasing demand for milk-based ingredients in skin care and hair care cosmetics is another factor propelling growth of the dairy nutrition market.
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Key Trends and Analysis of Dairy Nutrition Market:
Among ingredient segments, dairy protein held a dominant position in the market in 2016 and is expected to maintain its dominance over the forecast period, registering the highest CAGR. Dairy protein segment is further segmented into whey protein and casein protein. Whey protein is a mixture of alpha-lactalbumin, beta-lactoglobulin, immunoglobins, and bovine serum albumin that provide health benefits such as reducing cholesterol, blood pressure, supporting weight loss, and reducing the risk of cardiovascular diseases.
Among application segments, functional food segment held a dominant position in the market in 2016. However, infant formula & clinical application is projected to witness rapid growth over the forecast period. Dairy products are rich in amino acids, calcium and potassium that are easily absorbed by the body. Calcium and potassium are responsible for bone development, proper cell metabolism, kidney functioning, and cellular ion balance. These benefits associated with dairy products is expected to propel use of dairy nutrients in clinical application.
Key Takeaways of the Market:
The major players operating in the global dairy nutrition market include 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.
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