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.

In its March 2020 "Top Trends in Dairy 2020" report, London-based GlobalData outlines the key consumer and innovation trends currently impacting the global dairy market.

$14.5 billion. That's the value by which the global probiotic drinks market is forecast to grow between 2020 and 2024, progressing at a compound annual growth rate (CAGR) of 9%. The market is being driven by the health benefits of probiotic drinks, as well as the prominence of probiotic drinks in weight management.

It's critical for food and beverage processors, including dairy processors, to stay abreast of evolving consumer eating habits so they can match product development with actual consumer wants and needs.

Many dairy products retail in cartons, cups and other formats designed to be recyclable. But even though Americans indicate they are still recycling these and other containers, they have little confidence that their recyclables actually get recycled

It's no secret that milk consumption in the United States has been on the decline for decades. In fact, per capita milk consumption decreased by a whopping 98 pounds between 1975 and 2017, according to USDA data.

Some of today's fastest-growing dairy and nondairy beverage categories speak to consumers' desire for health and other functional benefits.

Generation Z, comprising consumers aged 11 to 22 in 2018, has the potential to reset expectations for health and wellness, increase the reach of international cuisine and heighten creativity in the kitchen, according to global market research firm Mintel.

As ingredients, whey and milk proteins "address formulator needs for sustainably produced, nutritious, functional, tasteful, versatile, consumer-appealing, securely sourced ingredients for use in food and beverage products"

The global outlook for a number of dairy categories over the next few years is very bright