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), By Region (North America, Latin America, Europe, Middle East, Africa, Asia Pacific)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Dairy products are vital source of nutrition for maintaining overall health. Rising demand for dairy protein ingredients in manufacturing of various products including dietetic formulations, energy bars, yogurts, infant formulas, geriatric nutritional products, and low-fat spreads is expected to drive growth throughout the forecast period (2023-2030) of the market.
Market Dynamics
Rising concerns regarding health and wellness among consumers, steadily growing geriatric population coupled with rising cases of obesity, osteoporosis, cardiovascular disease, and malnutrition, are the major factors propelling growth of the global dairy nutrition market. Furthermore, rising demand for milk-based ingredients for application in skin and hair care cosmetics is another key factor fueling growth of the market.
North America held a dominant position in the global dairy nutrition market in 2022, owing to growing awareness regarding associated benefits of consuming dairy products among consumers. Moreover, steadily growing obese and geriatric population in the region, is also supporting growth of dairy nutrition market in North America.
Asia Pacific is projected to be the fastest growing region in the global dairy nutrition market over the forecast period, owing to rapid growth in the food processing industry in the region. Moreover, continuously growing osteoporosis risk among the geriatric population and high prevalence of malnutrition in the region is expected to fuel growth of the dairy nutrition market during the forecast period.
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