Dairy product is an important source of nutrition which primarily includes calcium, protein and whole host of other minerals, vitamins and nutrients. Thus, dairy ingredients provides number of health benefits and many of them possesses nutraceutical potential such as lactobacilli, bifidobacteria probiotics enables to improve gastrointestinal health & systemic immunity, a-Lactoglobulin whey protein helps in increasing tryptophan & serotonin activity in brain and others. Increasing health consciousness among the people has led them to get inclined towards the consumption of more healthy and functional food which is expected to support the growth of dairy nutritional and nutraceutical ingredients market across the globe.
Dairy Nutritional and Nutraceutical Ingredients Market Segmentation
Dairy nutritional and nutraceutical ingredients market is segmented on the basis of ingredient type which includes bio active peptides, main milk protein, nutritional hydrolyzed proteins, prebiotics (lactose and its derivatives), purified milk fractions, minerals, vitamins, colostrum, nucleotides and others. Among all these segments prebiotics is expected to hold a potential market in terms of revenue contribution followed by milk proteins. Increased application of prebiotics such as it is fiber enriched and also helps in replacement of sugar, fat and calorie, which is expected to support its growth in near future.
Milk protein segment is further sub segmented as milk proteins, whey proteins and casein. Among all these sub segments whey protein is expected to occupy the major market share of the pie in dairy nutritional and nutraceutical ingredients market. Furthermore, purified milk fractions is also sub segmented as alpha-lactalbumin, beta-lactoglobulin, lactoperoxidase, lactoferrin and others (proteose – peptone and lysozyme). Moreover, probiotics is sub segmented as lactulose, lactitol, lactobionic acid and galacto oligo saccharides.
Dairy nutritional and nutraceutical ingredients market is also segmented on the basis of application which includes beverages, dairy products, bakery and confectionery, snacks, dietary supplements and dietetic products, cosmetics, oral care, infant formula and clinical nutrition. Among all these segments dairy product is expected to contribute major share in terms revenue in dairy nutritional and nutraceutical ingredients market. Increased consumption of functional yoghurts, milk and other dairy products due to health benefits is expected to support the growth of dairy nutritional and nutraceutical ingredients market during the forecast period.
The global market for dairy nutritional and nutraceutical ingredients is expected to show a healthy growth during the forecast period. This growth has been supported by the increasing demand for healthy and nutritious food among the health conscious consumer across the globe. Among all the regions Asia Pacific is expected to be the most dominating market in terms of growth. Growing demand for health food coupled with increasing baby boomer population in Asia Pacific is expected to drive the growth of dairy nutritional and nutraceutical ingredients market in the region. Among all the countries in Asia Pacific excluding Japan is expected to be the prominent contributor during the forecast period. Moreover other region such as North America is expected to be one of the major contributor followed by Europe. Market growth for dairy nutritional and nutraceutical ingredients in North America is boosted by rising demand for healthy and functional food among the consumers.
Dairy Nutritional and Nutraceutical Ingredients Market Drivers
Dairy nutraceutical ingredients are widely used in infant formulas. Thus increased demand for specific infant formulas such as hypoallergenic, pre-term formulas or formulas to prevent diarrhea using milk hydrolysate and other is expected to support the demand of dairy nutritional and nutraceutical ingredients market in the near future. Moreover, increased consumption of food supplements and medical foods, which are specially formulated using milk protein ingredient and possesses distinctive nutritional needs that cannot be fulfilled by normal diet alone is also expected to support the demand of dairy nutritional and nutraceutical ingredients market during the forecast period.
Dairy Nutritional and Nutraceutical Ingredients Market Key Players
Some of the major players operating in dairy nutritional and nutraceutical ingredients market includes Fonterra Co-Operative Group, FrieslandCampina, Groupe Lactalis, Murray goulburn Co-operative co. Limited, Glanbia PLC, Groupe Lactalis among others.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.