by The dairy nutrition market comprises various functional ingredients derived from milk that provide numerous health benefits to consumers. Dairy proteins like casein and whey help build muscles and stimulate fat loss. Prebiotics and probiotics support gut health and immunity. Infant formula containing micronutrients improves growth and development in babies. The global dairy nutrition market is estimated to be valued at US$ 19.57 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period from 2024 to 2030.
Key Takeaways
Key players operating in the dairy nutrition market size are Thermo Fisher Scientific, DSM, Acelity (KCI Concepts), Corning Incorporated, Baxter, FUJIFILM Holdings Corporation, Integra LifeSciences, CellSystems Biotechnologie Vertrieb GmbH, Biotime, Inc., Trevigen, Inc.
The rising demand for specialized nutrition and aging population present lucrative opportunities in the dairy nutrition market. Manufacturers are developing novel products catering to specific health conditions and lifestyles.
Technological advancements like 3D bioprinting and microfluidics allow customized design of tissues and organs using dairy proteins as scaffolds. This enables precision nutrition and personalized treatment options.
Market Drivers
The increasing focus on prevention of chronic diseases and proactive healthcare management is a key driver for the dairy nutrition market. Consumers are increasingly relying on functional foods and ingredients to achieve specific wellness goals related to weight management, sports performance, gut and bone health. Rising health consciousness coupled with growing disposable incomes is expected to boost demand.
Current challenges in the dairy nutrition market:
Some of the major challenges faced by the dairy nutrition market include increasing raw material costs, fluctuations in quality and availability of raw materials, growing healthy food fads, and stringent regulations. Raw materials like milk, proteins, fruits and vegetables used in dairy nutritional products have seen rising prices over the past few years making it challenging for manufacturers to keep their prices competitive. Weather unpredictabilities also often impact the supply of agricultural goods used, creating disruptions.
SWOT Analysis
Strength: The dairy nutrition market benefits from rising demand for fortified and healthy dairy products to meet nutritional needs. It offers solutions to improve immunity, digestive health and bone health.
Weakness: High research and development costs invested to launch innovative products put pressure on profit margins. Lack of standardized regulations in some regions poses confusion.
Opportunity: Growing consumer awareness about quality of ingredients and nutritional benefits of dairy aids the market. Emergence of e-commerce has opened new sales avenues.
Threats: Stringent norms on food safety and labelling compliance across regions increase legal hurdles. Shift towards veganism is a threat to dairy-based products.
Geographical regions where market in terms of value is concentrated:
North America holds the major share of the global dairy nutrition market currently, due to high consumption of dairy products and rising demand for healthy options. Europe follows in terms of value spend due to robust dairy traditions in the region.
The fastest growing region for the dairy nutrition market:
The Asia Pacific region is projected to witness the highest growth in the dairy nutrition market during the forecast period attributed to rising incomes, growing health awareness and developing dairy industries in nations like India, China and Japan. Rising per capita spend on nutrition is driving markets in Asia.
