Dairy nutritional and nutraceutical components are milk-based substances strong in vital vitamins such as protein and calcium that are often utilised in the manufacture of dairy products. Nutraceutical components are natural chemicals that provide health advantages in addition to those provided by basic nutrition. They're in foods, supplements, and functional foods. Omega-3 fatty acids, probiotics, prebiotics, polyphenols, curcumin, coenzyme Q10, and vitamin D are examples of nutraceutical compounds.
Market Dynamics
Increasing demand for calcium fortification in beverages is a growing trend due to rising number of health-conscious consumers coupled with rapid urbanization around the globe. Rising demand for a dietary supplement that is calcium caseinate-based among bodybuilders as it offers a prolonged release of amino acids is further anticipated to propel the market growth of the dairy nutritional and nutraceutical ingredients. For instance, according to Food and Health Survey, International Food Information Council in 2022, 52% of Americans report that they followed a diet or eating pattern in the past year, a significant increase from the past few years (39% in 2021, 43% in 2020, and 38% in 2019).
Huge demand for milk-based ingredients in skin and hair care cosmetics products due to its cleansing and moisturizing benefits is augmenting the market growth. Ingredients such as capric, caprylic, and capronic acids and triglycerides in goat milk offer pH balance and various benefits for skin and hair. Goat milk has a short-strand protein structure that enables easy absorption into the skin. Thus, growing demand for milk-based ingredients from the skin and hair care cosmetic proteins is projected to augment the market growth. For instance, according to Food and Agriculture Organization, World milk production in 2022 is forecast at around 930 million tonnes, up by 0.6 percent from 2021.
Intense competition in the market due to the large presence of small and medium-sized manufacturers is affecting the profit margin of key manufacturer. Structured channel transitions are reshaping the retail world. The rise of bargain discounters and the expansion of multichannel merchants (particularly Amazon) have resulted in channel fragmentation and bifurcation. Customers have switched to discounters or higher-end channels, placing pressure on middle-market firms. Retailers are going beyond stagnating huge brands to pick smaller, high-growth companies and model disruptors in order to address shifting customer requirements and differentiate themselves from the competition. In retail, a business model struggle is raging, with e-marketplaces emerging as undisputed leaders. This is expected to hamper the market growth of dairy nutritional and nutraceutical ingredients.
Key features of the study:
Detailed Segmentation:
Detailed Segmentation:
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