Press release
North America Dairy Nutraceuticals Market to See 4.9% CAGR growth by 2031, PMR Study
The North America dairy nutritional and nutraceuticals market is experiencing significant growth, driven by increasing consumer awareness of health and wellness, alongside rising demand for functional food and beverages. Dairy-derived ingredients such as whey protein, casein, and milk protein concentrate are gaining popularity for their health benefits and wide applications across various industries.
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Market Dynamics
Key Growth Determinants
Health and Wellness Trends: Consumers are increasingly inclined towards nutritional supplements and functional foods that contribute to a healthy lifestyle.
Aging Population: The aging demographic in North America is fostering demand for nutraceutical products aimed at improving bone health, immunity, and overall vitality.
Innovation in Dairy Ingredients: Continuous advancements in processing technologies are enabling the development of highly effective and versatile dairy-derived ingredients.
Major Growth Barriers
Lactose Intolerance: The growing prevalence of lactose intolerance in North America could limit the consumption of certain dairy products.
Cost of Production: High production and processing costs associated with dairy-based nutraceuticals may pose challenges for manufacturers.
Key Trends and Opportunities
Plant-Based Alternatives Integration: The fusion of dairy and plant-based nutraceuticals is an emerging trend, offering a balanced nutritional profile for diverse consumer groups.
Functional Beverage Market Expansion: Dairy-based functional beverages are gaining traction as convenient options for health-conscious consumers.
Personalized Nutrition: Companies are leveraging AI and other technologies to offer customized dairy-based nutritional products tailored to individual health needs.
Market Forecast
The North America dairy nutritional and nutraceuticals market is anticipated to witness a CAGR of 4.9% from 2024 to 2031. This robust growth trajectory is expected to elevate the market size from US$ 8.6 billion in 2024 to an impressive US$ 12.1 billion by 2031. This upward trend reflects the increasing adoption of dairy-based nutraceuticals in various sectors, including food and beverages, dietary supplements, and pharmaceuticals.
Regional Analysis
United States: The U.S. leads the market due to a strong consumer base and widespread adoption of health supplements. The country is also home to several key players investing in innovative dairy-derived nutraceuticals.
Canada: Growing health awareness and supportive government regulations are driving the market in Canada, particularly for functional foods and beverages.
Competitive Landscape
Key players in the North America dairy nutritional and nutraceuticals market are focusing on mergers, acquisitions, and product innovations to strengthen their market presence.
Major companies include:
Glanbia Nutritionals
Arla Foods
FrieslandCampina
Fonterra Co-operative Group
Amway Corporation
North America Dairy Nutritional and Nutraceuticals Market Report Scope
By Type
Milk Protein Concentrate
Milk Protein Isolate
Blends/Custom Using Milk Protein Concentrates/Isolates
Functional Ingredients with Milk Proteins
Milk Nutraceutical Ingredients
By Application
Infant Formula and Baby Food
Dairy Products
Clinical Nutrition
Bakery and Confectionery
Beverages
By Country
U.S.
Canada
Conclusion
The North America dairy nutritional and nutraceuticals market is poised for steady growth, backed by increasing consumer focus on health and wellness, innovations in dairy processing, and the expansion of functional food applications. While challenges such as lactose intolerance persist, the market's potential remains strong, bolstered by evolving consumer preferences and advancements in technology.
About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
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