According to “Dairy Nutritional and Nutraceutical Ingredients Market Analysis,” a July 2020 publication from Coherent Market Insights, Seattle, the global dairy nutritional and nutraceutical ingredients market was valued at approximately $30.9 billion in 2019. North America dominated the global dairy nutritional and nutraceutical ingredients market that year, with 33.2% of market share in terms of value, followed by Europe and Asia Pacific, respectively. On the basis of ingredients, the dairy protein segment dominated the market in 2019, with 81.4% of market share in terms of value, followed by colostrum and the vitamin and minerals segments, respectively.
Other findings include:
That’s the projected compound annual growth rate for the global dairy nutritional and nutraceutical ingredients market during the forecast period of 2020 to 2027.
Growing demand for colostrum in sports beverage products is expected to propel the market growth of dairy nutritional and nutraceutical ingredients.
Increased application of dairy nutrition in healthful snacks such as bars is expected to provide immense opportunity for dairy nutritional and nutraceutical ingredients.
However, the increasing prevalence of lactose intolerance among consumer is restricting market growth.