Dairy Nutrition Market:
Dairy products are storehouses of essential nutrients such as vitamins A, B12 and Vitamin D, apart from other nutrients like protein, calcium and phosphorus, among others.
This report analyses the current status of the global dairy nutrition market, outlines the key market drivers and the bases for market segmentation and studies the trends of this market from 2019 till 2025, using 2018 as a historical research base.
The global dairy nutrition market reached a value of 13700 million USD in 2018 and is expected to reach 24700 million USD by the end of 2025, growing at a CAGR of 7.7% during the forecast period. The main factors contributing to the growth of this market include a growing popularity of nutritious foods and a rising demand for dairy protein for muscle building in the younger generation. The rising use of milk-based ingredients in cosmetics, along with dietary recommendations for rising cases of osteoporosis, obesity and malnutrition is also expected to contribute to the growth of this market.
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The global dairy nutrition market has been segmented based on type, application and geographical region.
Depending on the type, the dairy nutrition market can be split into:
Vitamins and Minerals
The whey protein segment is expected to record the maximum growth during the forecast period. This could be due to the fact that whey protein, derived from cow’s milk, has a high content of essential amino acids, as compared to other types of dairy protein.
Based on application, the global dairy nutrition market can be divided into:
Infant Formula and Clinical
Bakery and Confectionary
The functional food segment dominated the market share in 2016. However, it is expected that the infant formula and clinical segment will be the fastest growing segment during the forecast period, with a robust CAGR.
North America, Europe, China, Japan, India and South East Asia are the major regions for the dairy nutrition market across the world.
In terms of revenue, North America was the market leader in 2016, with a market share of 33.82%, and is still expected to dominate the global dairy nutrition market over the forecast period. The main factor responsible for this could be the increasing prevalence of obesity in this region. Since dairy proteins are known to reduce fat and body weight, they are being increasingly consumed by the obese and diabetic patients in North America.
However, the Asia Pacific region is expected to be the fastest growing region in the global dairy nutrition market, with a projected CAGR of 9.13% over the forecast period. The main factors contributing to the growth in this market include an increase in the number of health conscious individuals, the fast growing food processing industry in this region, and the awareness that dairy products help in boosting bone density and help to reduce the risk of osteoporosis.
According to industry reports as of June 2019, global dairy giants Fonterra and Danone after having failed initially in the Indian market, are again making a comeback. While Danone Manifesto Ventures has invested heavily in gourmet yoghurt brand, Epigamia, New Zealand–based Fonterra Dairy, has entered into a joint venture with Future Consumer Products.
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