The global milk calcium market is on a robust growth trajectory, with a significant Compound Annual Growth Rate (CAGR) of 7% expected between 2023 and 2030, according to a comprehensive market analysis. The market is forecasted to reach a valuation of approximately US$50 billion by the end of 2030.
Milk, renowned for its nutritional value, serves as a primary source of nutrition for newborn mammals, including breastfeeding human neonates. It contains essential components that contribute to milk immunity, making it a vital dietary element. A cup of cows milk, whether whole or nonfat, provides 306-325 mg of calcium, making it one of the most accessible sources of this vital mineral. The milk calcium markets growth is attributed to shifting consumer lifestyles, increased disposable incomes, and the rising demand for dairy products such as cheese and yogurt.
Key Drivers of Market Growth:
- Growing Prevalence of Bone-related Disorders: Globally, the incidence of bone-related disorders, such as osteoporosis and osteopenia, is on the rise, primarily due to factors like inadequate dietary calcium intake and underlying medical conditions. As the aging population continues to expand, the demand for calcium-enriched foods and dietary supplements is increasing to address these deficiencies.
- Increasing Milk Calcium Applications: The use of milk mineral concentrates in the production of various food and beverage products to combat calcium deficiency is bolstering market growth. Leading players in the market are actively engaged in research and development efforts to create new products that cater to a broader range of consumer needs, particularly infants, athletes, and health-conscious individuals.
Challenges in Market Growth:
- Growing Fondness for Vegan Food: Changing consumer preferences towards plant-based and vegan alternatives, coupled with concerns about health and environmental impact, are driving the shift away from dairy products. The demand for plant-based alternatives has surged, impacting the dairy milk industry and leading to mergers and acquisitions among plant-based food producers.
Key Segments:
- Preference for 20-25% Calcium Content: The 20% to 25% calcium content segment dominated the market in 2022, driven by the increasing awareness of mineral deficiencies and related health issues. Market players are focusing on enhancing key mineral content, including calcium, to meet the rising demand for mineral concentrates.
- Sales of Infant Formula Dominate: In 2022, the infant formula segment held a significant market share due to rising awareness of mineral deficiencies in infants and children, particularly in developing countries like China and Japan. Infant formula is considered a safe and nutritious alternative to breast milk.
Growth Opportunities Across Regions:
- North America: North America is poised to maintain a dominant share of the milk calcium market, driven by a growing population, health consciousness, and the preference for functional foods. Key players like Danone, Fonterra, and Nestle have made substantial investments in research and development to cater to changing consumer preferences.
- Asia Pacific: The Asia Pacific region is expected to witness substantial revenue growth throughout the forecast period. Factors such as an increasing incidence of calcium deficiency-related ailments, government initiatives to regulate fortified food products, and rising infant formula consumption in countries like China and Japan are driving market expansion.
Leading Players:
Some of the prominent players in the global milk calcium market include Glanbia PLC, FrieslandCampina DOMO, Armor Proteines S.A.S., Arla Foods Ingredients Group P/S, Fonterra Co-Operative Group Limited, Sachsenmilch Leppersdorf GmbH, and MILEI GmbH.
The global milk calcium market is poised for remarkable growth in the coming years, fueled by health-conscious consumers demand for calcium-rich products and the rising need to combat mineral deficiencies. Market players are expected to continue innovating and expanding their product portfolios to meet the evolving needs of consumers worldwide.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/milk-calcium-market
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COMTEX_440910080/2840/2023-09-25T13:12:27
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