According to “Dairy Nutritional and Nutraceutical Ingredients Market Analysis,” a July 2020 publication from Coherent Market Insights, Seattle, the global dairy nutritional and nutraceutical ingredients market was valued at approximately $30.9 billion in 2019. North America dominated the global dairy nutritional and nutraceutical ingredients market that year, with 33.2% of market share in terms of value, followed by Europe and Asia Pacific, respectively. On the basis of ingredients, the dairy protein segment dominated the market in 2019, with 81.4% of market share in terms of value, followed by colostrum and the vitamin and minerals segments, respectively.
Other findings include:
8.1%
That’s the projected compound annual growth rate for the global dairy nutritional and nutraceutical ingredients market during the forecast period of 2020 to 2027.
![Dairy ingredients spell success](/ext/resources/DF/2021/January/facts/GettyImages-183582862.jpg)
Growing demand for colostrum in sports beverage products is expected to propel the market growth of dairy nutritional and nutraceutical ingredients.
![Dairy ingredients spell success](/ext/resources/DF/2021/January/facts/GettyImages-1222340823.jpg)
Increased application of dairy nutrition in healthful snacks such as bars is expected to provide immense opportunity for dairy nutritional and nutraceutical ingredients.
![Dairy ingredients spell success](/ext/resources/DF/2021/January/facts/lactoseXX.jpg)
However, the increasing prevalence of lactose intolerance among consumer is restricting market growth.