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:
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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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