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Examine Global Dairy Nutrition Market To Witness Huge Growth By 2027: Groupe Danone, Fonterra Co-operative Group Ltd., Proliant Inc., Koninklijke DSM N.V., E.I. DuPont De Nemours and Company
Dairy Nutrition Market
North America held a dominant position, in terms of revenue, in the global dairy nutrition market in 2016, and accounted for a share of 33.82%. This is attributed to increasing prevalence of obesity in the region as dairy proteins helps reducing adipose mass and body weight, these factors are promoting the adoption of dairy nutrition among obese, overweight and diabetic patients.
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Asia Pacific is projected to be the fastest growing region in the global dairy nutrition market, registering the highest CAGR of 9.13% over the forecast period. Major factors propelling growth of this market include increasing number of health conscious consumers and rapidly growing food processing industry in the region. Moreover, there is a high demand for dairy nutrition worldwide as these products have high calcium content, which aids in boosting bone density and helps reducing osteoporosis risk.
According to the data provided by the National Center for Biotechnology Information (NCBI), in 2014, osteoporosis was major public health issue in Japan and approximately 15% of women in Japan aged 50 and older, were at risk from osteoporosis. According to the data provided by UNICEF, in 2014, around 78 Mn children were found in South Asia suffering from stunted growth. These are the factors anticipated to support the overall growth of dairy nutrition market in the region.
Detailed Segmentation:
Global Dairy Nutrition Market, By Ingredient:
Dairy Protein
Whey Protein
WPI
WPH
WPC
Casein Protein
CPI
CPC
CPH
Prebiotics
Vitamins & Minerals
Colostrum
Nucleotides
Global Dairy Nutrition Market, By Application:
Functional Food
Infant Formula & Clinical
Dairy Products
Bakery & Confectionary
Personal Care
Based on application, the market is segmented into functional food, infant formula & clinical, dairy products, bakery & confectionary, and personal care. Functional food segment was the dominant segment in the market in 2016. However, infant formula and clinical segment is projected as fastest growing segment over the forecast period, registering the highest CAGR.
Major players operating in the global 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.
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