Growing Demand for Dairy Nutrition Products to Drive the Global...

Growing Demand for Dairy Nutrition Products to Drive the Global Dairy Nutrition Market

Posted 2023-09-27 10:55:18

The global Dairy Nutrition Market is estimated to be valued at US$ 15.73 Billion in 2022 and is expected to exhibit a CAGR of 7.92% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
The Dairy Nutrition Market refers to the market for dairy-based products that provide essential nutrients for human consumption. These products include milk, cheese, butter, yogurt, and other dairy derivatives. Dairy nutrition products are rich in proteins, vitamins, minerals, and calcium, which are crucial for maintaining overall health and wellbeing. The increasing awareness about the health benefits associated with dairy consumption and the growing demand for functional dairy products are driving the market growth. Moreover, the rising inclination towards a healthy lifestyle and the adoption of a balanced diet further contribute to the market expansion.

Market Key Trends:
One key trend in the Dairy Nutrition Market is the growing demand for dairy protein supplements. Dairy protein supplements, such as whey protein, casein protein, and milk protein concentrate, are gaining popularity among fitness enthusiasts and athletes. These supplements are rich in amino acids, which aid in muscle recovery and growth. Additionally, dairy protein supplements are also used for weight management and as meal replacements. The increasing focus on personal fitness and the growing trend of bodybuilding and sports activities are propelling the demand for dairy protein supplements. Manufactures are introducing innovative dairy protein formulations to cater to the specific nutritional needs of consumers, further fueling market growth.
Segment Analysis

The Dairy Nutrition market can be segmented based on product type, distribution channel, and region.

In terms of product type, the dominating segment is the milk powder segment. Milk powder is widely used in various applications such as infant formula, bakery, confectionery, and dairy beverages. The increasing demand for convenience foods, especially in developing countries, is driving the growth of the milk powder segment. Additionally, the longer shelf life and ease of transportation and storage offered by milk powder further contribute to its dominance in the market. Other sub-segments in the Dairy Nutrition market include cheese, butter, yogurt, and others.

When it comes to the distribution channel, the online channel is expected to dominate the market. The growing popularity of e-commerce platforms and the convenience of online shopping are driving consumers to purchase dairy nutrition products online. Online channels also offer a wide range of products, easy price comparison, and doorstep delivery, which further contribute to the dominance of the online segment in the market. However, traditional retail channels like supermarkets, hypermarkets, and convenience stores still hold a significant share in the market.

Key Takeaways

The global Dairy Nutrition Market Share is expected to witness high growth, exhibiting a CAGR of 7.92% over the forecast period from 2023 to 2030, with a market size of US$15.73 billion in 2022. This growth can be attributed to several factors, including the increasing population, rising disposable income, and the growing awareness about the importance of dairy products in maintaining a healthy and balanced diet.

In terms of regional analysis, Asia Pacific is expected to be the fastest-growing and dominating region in the Dairy Nutrition market. The region has a large population base, which drives the demand for dairy products. Increasing urbanization, changing dietary patterns, and the rising popularity of western food culture are further fueling the growth of the market in this region. Additionally, countries like China and India are witnessing a surge in the consumption of dairy products, providing significant opportunities for market players.

Key players operating in the 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. These key players are actively involved in product launches, partnerships, mergers, and acquisitions to strengthen their market presence and expand their product portfolio. Their focus on research and development activities to introduce innovative and healthy dairy nutrition products also contributes to their growth in the market.