Dairy Nutritional and Nutraceutical Ingredients Market Segmented By Dairy Protein Ingredients Type - Whey Protein (WPI, WPC, WPH) | Casein Protein(CPI, CPC, CPH) | Prebiotics(Lactulose, Lactitol, Lacto Bionic, Galacto Oligosaccharides) | Vitamin & Minerals | Colostrum | Nucleotides
Industry: Food and Beverages
Published Date: December-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 219
Report ID: PMRREP6841
The sales of global dairy nutrition and nutraceutical ingredients is projected to be valued at US$ 19,989.6 Mn by the end of 2023. The market is further expected to have a growth rate of about 6.6% and reach a valuation of around US$ 37,877.1 Mn by 2033.
|
Global Dairy Nutrition and Nutraceutical Ingredients Market Value (2023E) |
US$ 19,989.6 Mn |
|
Projected Sales of Global Dairy Nutrition and Nutraceutical Ingredients Market (2033F) |
US$ 37,877.1 Mn |
|
Value CAGR (2023-2033) |
6.6% |
|
Market Value share of top 4 countries |
37.2% |
In the global dairy nutrition and nutraceutical ingredients market, the dairy protein segment shows dominance by holding the majority value share of around 79% and is anticipated to grow steadily during the forecasted period.
During the historical period of 2017-2022, the global dairy nutrition and nutraceutical ingredient market had an annual growth rate of 5.1%. The market is anticipated to have an optimistic growth trend in its near future along with increasing sales revenues due to numerous factors that include, rising consumer demand for flavoured dairy nutrition and nutraceutical ingredients, increasing consumer preference for healthy and nutritious products, rising health awareness among the consumers and strong demand in the household sector.
The demand for dairy products has been consistently increasing across the globe owing to the consumers are growing health consciousness. Prominent manufacturers are focusing on developing innovative food by using various ingredients including functional food additive to improve the nutritional profile, taste and textures of food items. The companies are focusing on expanding their presence to counter the generated demand. Moreover, the rising consumer disposable income fuels the demand for dairy products as consumers are getting more concerned about their health.
Factors like increasing disposable income among the consumers, rising urbanization, high nutrient content of dairy nutrition and nutraceutical ingredients, and continuous changing trend in the food and beverage industry. Moreover, the global dairy nutrition and nutraceutical ingredients market is anticipated to reach a valuation of US$ 37,877.1 Mn over the forecasted period of 2033.
“Rising Demand for Flavoured Dairy Products among Consumers”
In the past few decades, major advances have been made in the dairy industry, which has been continuously evolving and developing to meet consumer demand for different flavours. Dairy products such as milk, ice cream, and yogurt are available in numerous flavours in the market. The demand for flavoured dairy products is expected to have a profitable rise over the forecast year owing to the increasing consumer demand for healthier and innovative products. Therefore, flavoured milk, yogurt, and other innovative dairy products are gaining traction among consumers and creating strong demand for flavoured dairy products across the world.
The global population is majorly consisting of young adults, who are modern consumers and are open to exploring new flavoured dairy products. Dairy manufacturers across the world are offering numerous flavoured products to cater to the youth segment. Moreover, consumers are giving a positive response to innovative flavoured products launched by dairy producers.
“Consumers Demanding Natural Products Establishing New Standards in Dairy Sector”
Dairy products are highly perishable and get spoiled rapidly if left at ambient temperatures. They require careful handling and milk products are valuable nutritious food that has low shelf-life due to the presence of harmful microorganisms, particularly bacterial pathogens. Microbes can negatively affect the human body and cause various diseases in consumers. As a result of this, the incorporation of fresh and natural dairy products is gaining popularity among global consumers.
Consumers prefer fresh and natural products that don’t contain any artificial additives. Manufacturers of dairy products are taking advantage of this trend by understanding consumer behaviour. Moreover, major producers, importers, exporters, distributors, and suppliers are ensuring to deliver safe and healthy dairy products in the global market. Retailers ensure their inventories are fresh and shoppers receive products with a reasonable shelf life. Due to the prevalence of this trend, manufacturers are continually focusing on including clean-label, pure, natural, and fresh ingredients, which helps to build trust and gain strong demand for dairy products.
“Increasing Production Capacity to Meet Consumer Demand”
The dairy products sector is extremely vibrant and is gaining popularity at a global level. In the past few decades, the consumption of dairy products has been growing exponentially in several parts of the developing world. Similarly, dairy consumption is rising at a rapid rate and is predicted to grow significantly in the coming years due to several factors such as a surge in population, an increasing number of modern consumers, and a strong demand in the household sector. Therefore, dairy players are leveraging this trend which will propel the dairy market.
Manufacturers across the world and importers accessing the global market are expanding their footprint through advanced processing capabilities and by elevating their production capacity. Key players are increasing the manufacturing capacity of dairy products through new facilities and by increasing farms and the automation of milk units. Moreover, dairy producers are utilizing state-of-the-art equipment and modern machinery to increase productivity and capitalize on the growing demand, which is leading to growth in the dairy market.
“Rising Consumption of Protein Foods to Drive the Dairy Product Market”
Dairy products are a key part of the human diet and have been official nutritional recommendations in many countries around the world. Dairy products are a rich source of protein and offer numerous health benefits to consumers. Moreover, rapid changes in food and beverage market due to rising awareness of protein benefits is driving purchase decisions among consumers. As a result, global dairy manufacturers aim to provide protein-rich dairy products to consumers.
Growing health concerns among consumers, the rise of gym culture, and a shift towards foods with functional benefits are estimated to serve as some of the major drivers of the dairy market’s growth. This trend can lead to retailer outlets stocking up on milk and other nutritional dairy products. Health and fitness enthusiasts looking for food and beverage products fortified with protein will also augment the sales of the global dairy market.
“Technological Advancements in Dairy Sector Augmenting Market Growth”
In the last few years, dairy farms have evolved significantly due to development in technology, allowing manufacturers to produce high-quality products for consumers. Dairy producers who have their own farms utilize the latest technology to scrutinize animal health, production, and feed intake to maximize profitability. Precision dairy farming technology is rising and plays a vital role for large dairy manufacturers to scrutinize each stage of operation, from animal feed to the packing of dairy products.
Similarly, manufacturers across the world and key importers operating in the global market are adopting modern technology to increase the efficiency of production and enhance their business operations. Moreover, the extraction of dairy flavours from dairy ingredients is a complex process. Hence, manufacturers are utilizing various advanced technologies to increase the speed of production, which will help to expand dairy market across the globe.
What is the Maximum Value in the Global Market?
In the global market, Europe holds 39.8% of the global market with U.K expecting a value CAGR of 10.4%.
Milk protein consists primarily of whey and casein where the latter is primarily used for protein supplementation among athletes and fitness enthusiasts. Whey is a by-product of the cheese processing industry which is well established in the European region especially France.
How is the North American Dairy Nutrition and Nutraceutical Ingredients Market Faring?
The North American dairy nutrition and nutraceutical ingredients market accounts for 25.7% of the global market share, with the U.S. contributing 22.5% to the global market share.
In the U.S. the fast food culture is prevalent and supplementation is gaining traction in the market. Whey is a versatile dairy product which can be used for human consumption and as a part of the animal feed industry both of which have gained increasing focus by the consumers and manufacturers in the region.
What are the ingredients considered in global dairy nutrition and nutraceutical ingredients market and which one has the highest potential growth rate?
Dairy protein ingredients hold 79.4% of the global market share. The dairy proteins can be broadly segmented into whey, casein and probiotics.
The increasing focus on fitness has brought forth the advantages of supplementation and protein in the diet. Fulfilling the nutritional requirements of the body is absolutely necessary for normal everyday function. Therefore, the sales of whey, casein and proteins have risen to occupy a significant share of the global market.
Based on the application segment, which one is holding the highest market share during the forecasted period?
Based on the application segment, functional foods category is holding the highest market share of about 40%, in the forecast period. With the rise in hybrid working systems, people spend lesser time in the kitchen to prepare food and instead opt for ready to eat meals & other functional foods leading to high market share.
The global dairy products market is largely characterized by a huge number of regional companies. An approximate share of 45% to 50% is held by companies with a regional presence. Key manufacturers offer targeted product offerings, especially towards manufacturers operating in the food and beverage industry. Additionally, players are also offering yogurt, milk, for use in bakery & confectionery, meat analogues, RTE foods, convenience foods and others.
|
Attribute |
Details |
|
Forecast period |
2023-2033 |
|
Historical data available for |
2017-2022 |
|
Market analysis |
USD million for value |
|
Key segments covered |
|
|
Key companies profiled |
|
|
Report coverage |
|
|
Customization & pricing |
Available upon request |
By Ingredients Type:
By Application Type:
By Region:
To know more about delivery timeline for this report Contact Sales
The global dairy nutrition and nutraceutical ingredients market is estimated to be valued at US$ 37,877.1 Mn in 2033.
The functional food segment in the dairy product type category is having the highest market share of 40.2% during the forecasted period 2023-2033.
The value share for North America in 2022 is around 25% of the global market while U.S has 22.5% of the global market share.
The total consumption of dairy nutrition and nutraceutical ingredients across all the regions is pegged to be at US$ 19,989.6 Mn in 2023.
The functional foods application of dairy nutrition and nutraceuticals ingredients holds the major market value share with 40.2%.
