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| Dairy Nutrition Market |
The global Dairy Nutrition Market is estimated to be valued at US$ 15.73 Billion in 2022 and is expected to exhibit a CAGR of 7.92% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The Dairy Nutrition Market refers to the market for dairy products that are
specifically formulated to provide essential nutrients and promote good health.
These products include milk, yoghurt, cheese, butter, and other dairy-based
products. The market for dairy nutrition is driven by the increasing demand for
healthy and nutritious dairy products as consumers become more conscious about
their dietary choices. Dairy products are a rich source of essential nutrients
such as calcium, protein, and vitamins, making them an important part of a
balanced diet. The market for dairy nutrition is further fueled by the rising
health consciousness among consumers and their desire for functional foods that
offer additional health benefits.
Market Key Trends:
The key trend in the Dairy Nutrition Market is the growing popularity of
plant-based dairy alternatives. With the rise in veganism and lactose
intolerance, there is an increasing demand for dairy products that are made
from plant-based sources. These alternatives are often fortified with essential
nutrients and offer similar taste and texture to traditional dairy products.
Plant-based dairy alternatives are gaining traction among consumers looking for
healthier and more sustainable options. Companies in the Dairy Nutrition Market
are responding to this trend by launching a range of plant-based dairy products
to cater to different dietary preferences. This trend is expected to continue
to drive market growth in the coming years.
PEST Analysis:
Political: The political factors influencing the dairy nutrition market include
government regulations and policies related to food safety and labeling, trade
agreements and tariffs, and subsidies provided to dairy farmers. These factors
can affect the production and supply chain of dairy products.
Economic: The economic factors impacting the dairy nutrition market include
disposable income levels, inflation rates, exchange rates, and economic growth.
These factors can influence consumer purchasing power and demand for dairy
products, as well as the cost of production and distribution.
Social: The social factors influencing the dairy nutrition market include
cultural preferences, dietary trends, health consciousness, and demographic
factors such as population growth and aging. Changes in consumer preferences
and lifestyle choices can impact the demand for specific dairy products.
Technological: The technological factors impacting the dairy nutrition market
include advancements in processing and preservation techniques, innovation in
product formulations, and automation in dairy farms. These advancements can
improve the efficiency and quality of dairy products and influence consumer
preferences.
Key Takeaways:
The global Dairy
Nutrition Market Share is expected to witness high growth, exhibiting a
CAGR of 7.92% over the forecast
period of 2023-2030. This growth can be attributed to increasing consumer
awareness about the health benefits of dairy products, such as improved bone
health and enhanced digestion, driving the demand for dairy nutrition products.
In terms of regional analysis, the Asia Pacific region is projected to be the
fastest-growing and dominating region in the dairy nutrition market. Rapid
urbanization, improving living standards, and increasing disposable income
levels in countries like China and India are contributing to the rising demand
for dairy products in this region. Furthermore, the growing population and
changing dietary patterns are driving the consumption of dairy nutrition
products.
Key players operating in the dairy nutrition market include Groupe Danone,
Fonterra Co-operative Group Ltd., Proliant Inc., Koninklijke DSM N.V., E.I.
DuPont De Nemours and Company, Arla Foods amba, Cargill Inc., Groupe Lactalis
S.A., APS BioGroup, and Nestle S.A. These key players have a strong presence in
the market and are focused on product innovation, strategic partnerships, and
expansion strategies to gain a competitive edge in the market.
Overall, the global dairy nutrition market is expected to experience
significant growth, driven by factors such as increasing health consciousness,
changing dietary patterns, and technological advancements in the dairy
industry. The Asia Pacific region is anticipated to be a key growth driver, and
key players are actively adopting various strategies to capitalize on the
market opportunities.
Read More,
https://www.newsstatix.com/dairy-nutrition-trends-market-size-and-share-analysis/
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