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.
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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