DAIRY NUTRITION MARKET ANALYSIS
Global dairy nutrition market was valued at US$ 15.73 Billion in 2022, and is expected to reach USD 28.94 Billion by 2030. Registering a CAGR of 7.92% during the forecast period of 2023-2030. Dairy products contain essential nutrients including vitamin A, D & B12, protein, calcium, phosphorus, carbohydrates, potassium, niacin, and riboflavin. Regular consumption of dairy products aids in improving overall health, and owing to this fact, dairy nutrients are widely been used in a variety of products including energy bars, dietetic formulations, low-fat spreads, infant formulas, and geriatric nutritional products.
Figure 1. Dairy Nutrition Market, By Application, 2022
Predicated on application, the market is segmented into functional food, infant formula & clinical, dairy products, bakery & confectionary, and particular care. Functional food was the dominant part in the market in 2022 yet, infant formula and clinical section is projected as fastest growing segment over the forecast period, (2023-2030) registering the highest CAGR.
Dairy Nutrition Market Report Snapshots
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