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| Global Dairy Nutrition Market Size |
Dairy nutritions play a vital role in providing adequate nourishment and
boosting immunity in infants and young children. Specialized dairy nutritions
such as infant formula and follow-on formula help fulfill the nutritional needs
of babies when breastfeeding is not possible. These products are designed to be
as close to mother's milk as possible in terms of taste, texture, and
composition. With growing awareness among parents about the importance of
nutrition in early childhood for healthy growth and development, the demand for
such products is surging significantly.
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
2024 to 2031, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The growth in adoption of specialized dairy nutritions is largely driven by the
popularity of infant formula and follow-on formula globally. In developing
regions, the increasing women workforce participation and non-availability of
breastfeeding support is propelling the demand for these convenient substitutes
to mother's milk. Moreover, growing middle-class population with higher
disposable income in emerging countries is facilitating the consumption of
premium dairy nutrition products for infants and toddlers. Manufacturers are
extensively marketing specialized nutritious dairy products through various
campaigns and initiatives to create awareness regarding the nutritional
benefits of these products for overall growth as well as cognitive development
of children.
Segment Analysis
The global dairy nutrition market is segmented on the basis of ingredient type
into dairy protein, prebiotics, vitamins & minerals, and others. Among
them, the dairy protein segment held the largest market share in 2021 due to
high demand for protein-rich foods and rising emphasis on sports nutrition. In
addition, new launches of innovative dairy protein products with taste and
flavor enhancers are helping expand this segment.
Key Takeaways
Global
Dairy Nutrition Market Size is expected to witness high growth over the
forecast period of 2024-2031. 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 2024 to 2031.
North
America dominated the global dairy nutrition market in 2021 due to changing
consumer preferences toward healthy diets in countries like the US and Canada.
Moreover, strong presence of leading dairy nutrition manufacturers in the
region also supported market growth.
Key players related content Key players operating in the dairy nutrition market
are Thermo Fisher Scientific, Nestle, Sachsenmilch Leppersdorf, Fonterra
Co-operative Group, Agenzia Candy company, and Arla Foods.
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