May 22, 2024
Dairy Nutrition Market

A Growing Dairy Nutrition Market Drives Innovation in Infant Health

The dairy nutrition market is catalyzing advancements to promote infant health and development. Critical nutrients found in dairy have formed the foundation of supplemental formulas and functional foods aimed at newborns, babies, and children.

Being one of the first foods for infants after breastmilk, dairy products deliver a balanced blend of proteins, vitamins, minerals, and fatty acids to support growth and cognitive skills. Formula and pediatric nutritional formulas containing dairy incorporate science-backed dosages of nutrients like calcium, phosphorus, vitamins D and B12, riboflavin, niacin, and potassium. These essentials aid bone formation, metabolic processes, energy levels, and nutrient absorption. Meeting developmental milestones depends on sufficient intake of nutrients prevalent in dairy like iodine, choline, and selenium. Dairy-based nutritional foods and beverages also supply prebiotics and probiotics to establish a healthy gut microbiome in kids.

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 between 2024 to 2030.

Key Takeaways
Key players operating in the dairy nutrition market Size are Thermo Fisher Scientific, DSM, and Acelity (KCI Concepts).

Growing consumer awareness about the importance of certain vitamins, minerals, and other micronutrients for child development is fueling demand for enriched dairy products. Parents are increasingly seeking nutrient-dense options to meet their kids’ nutritional needs.

Leading manufacturers are expanding their global footprints through acquisitions and new facilities across emerging nations. Greater international availability of specialized pediatric formulas makes nourishment accessible for underserved communities.

Market Key Trends
Customization is a major trend in the dairy nutrition industry. Companies are innovating personalized formulas tailored to a child’s unique dietary profile, culture, and lifestyle. For example, some products focus on lactose-free, soy-free, allergen-free, vegan, kosher, and halal variants. This customization helps make supplemental nutrition more inclusive for families with specialized needs.

Porter’s Analysis
– Threat of new entrants: The threat of new entrants in the dairy nutrition market is low due to the well established players in the market. There is high capital requirement and risk of failure is also high.
– Bargaining power of buyers: The bargaining power of buyers is moderate as the buyers have a choice between various producers and established brands.
– Bargaining power of suppliers: The bargaining power of suppliers is low as there are many suppliers for raw materials like milk products for the dairy nutrition market.
– Threat of new substitutes: There is a moderate threat of substitution with plant-based milk products and other nutritional supplements.
– Competitive rivalry: The competitive rivalry is high among established brands in the dairy nutrition market.

In terms of value, Europe accounts for the largest share in the dairy nutrition market during the forecast period. The abundant availability of raw materials namely milk and presence of several established dairy companies in Europe drives the market. North America is expected to register the highest CAGR during the forecast period owing to increasing demand for dairy-based infant formula and clinical nutrition in the region.

Asia Pacific is anticipated to emerge as the fastest growing region for dairy nutrition market during the forecast period. Improving consumer awareness about health benefits of dairy products and rising disposable income in emerging economies like India and China is fueling the market growth. Rapid urbanization along with growing population is also supporting the demand for dairy nutrition products in Asia Pacific.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraaged AI tools to mine information and compile it