This study intends to unfurl the multiple facets of global milk mineral concentrate market. The insights offered in the report aid in market growth examination during the forecast period.
An Exceptionally High Rate of Calcium Deficiency Fosters Milk Mineral Concentrate Market
The global population's growing knowledge about health and wellness is causing a paradigm shift toward nutritional foods, and supplements, driving up demand for these foods and beverages. For instance, 1 in 5 customers tend to purchase functional foods, and beverages for their anti-inflammatory, and metabolic health advantages. Milk calcium is used more frequently in various foods and beverages for nutritional reasons. An important factor driving the demand for calcium-rich foods, and beverages is the increased frequency of bone-related illnesses, such as osteoporosis and osteopenia, among the general population. The prevalence of calcium shortage is rising worldwide due to several factors, including inadequate calcium consumption, drugs that reduce calcium absorption, autoimmune illnesses, and other factors. This remains the strongest driving force for milk mineral concentrate market.
In nations like China, where government officials are increasingly focusing on product fortification, more people are becoming aware of and using these items. The global milk mineral concentrate market is expected to be fueled by these initiatives and concentrations. Similar measures have helped the market expansion as well. Additionally, market participants are expected to expand the applications of the concentrates to meet the population's unmet needs, which will drive the expansion of the market. For instance, it is projected that approximately 10 million Americans have osteoporosis and that approximately 44 million are at high risk for developing it due to insufficient bone mass, according to a 2021 article by the Bone Health and Osteoporosis Foundation (BHOF).
Milk Mineral Concentrate Market: COVID-19 Impact
During the anticipated time, COVID-19 had a beneficial impact on market growth. During the COVID-19 epidemic, there was a rise in the demand for milk and other dairy products. Due to minor supply chain disruptions and logistics disruptions, milk mineral concentrate producers experienced some difficulty obtaining raw materials and components. Prices for raw materials increased due to the population's increased demand for milk and dairy products and the decrease in the amount of milk and other products produced. These elements resulted in a lower sales volume of goods with higher ASP, increasing revenues. The milk mineral concentrate market participants noticed an increase in the amount of money made in 2020. There were minor logistics hiccups among the major market players due to import and export limitations and workforce constraints. However, the businesses adopted several measures to resume operations quickly. Due to the decreased production of milk and other dairy products, the overall impact of COVID-19 on the pandemic was positive on the global market. However, there were minor supply chain disruptions.
Changing Consumer Preferences for Fortified Products Fuels Milk Mineral Concentrate Market
Dietary supplements, fortified foods, and drinks are being adopted more frequently worldwide due to rising health consciousness and problems caused by vitamin deficiencies in the population. A 2021 survey conducted by the U.S. Department of Agriculture's Supplemental Nutrition Assistance Program (SNAP) found that due to the rising incidence of deficiency disorders, about two-thirds of Americans now prioritize eating food fortified with minerals and other nutrients. Similar to this, the growing initiatives by governments to update regulations and uphold the quality of goods produced by milk mineral concentrate market players are boosting their research and development efforts to create and introduce goods with a wider range of applications, including immunity and gut health, among others. The need for milk mineral concentrate production to add calcium to various food goods and beverages is thus predicted to increase as customer preferences for more nutrient-dense food products alter.
Increasing Number of Bone-related Disorders to Support Milk Mineral Concentrate Market Expansion
Illnesses, including osteoporosis, osteopenia, and other mineral-deficient disorders, are becoming more prevalent worldwide. The frequency is rising along with the senior population. For instance, the international prevalence of osteoporosis in older men and women is approximately 35.3%, according to a population-based study from 2021 that was published in the Journal of Orthopedic Surgery and Research. Globally, more children and adults suffer from calcium shortage for various causes, including inadequate dietary calcium intake, underlying medical problems such as autoimmune illnesses, and drugs that reduce calcium absorption in people. As a result, there is an unmet demand for treatment as the prevalence of bone-related diseases rises due to population-wide calcium insufficiency. To meet the necessary daily intake of calcium and other minerals, these factors are causing a rise in the demand for foods and dietary supplements fortified with calcium. Additionally, people are consuming more calcium-fortified food and beverages due to rising health consciousness and desire to live a healthy lifestyle.
Growing Consumer Preference for Vegan Food to Limit Milk Mineral Concentrate Market Expansion
Growing consumer preferences for a healthy lifestyle are changing demand and preference away from conventionally processed meat products, reducing demand for dairy products, and moving toward plant-based or vegan products. Numerous causes in developed and developing nations contribute to the population's preference shift toward eating vegan food. The number of vegans in the U.K. has increased by about 40%, and there are now about 1.5 million of them, according to a 2021 report published by the Guardian. The preference for vegan food among the public results from all these causes, when combined with ethical and environmental considerations, and is raising the demand for plant-based products. Therefore, the demand for dairy-based goods and beverages is constrained by factors including the growing number of health-conscious people in different countries and the expanding popularity of vegan food products. It is anticipated that these factors will impede the global milk mineral concentrate market expansion during the projected period.
20-25% Category Dominates Milk Mineral Concentrate Market with Rising Prevalence of Mineral Deficiencies
The 20% to 25% category held the largest market share, and it is anticipated that it will continue to rule the market during the forecast period due to the rising prevalence of mineral deficiencies and the increased understanding of illnesses and possible therapies. To meet the demand for mineral concentrates, market participants, including Glanbia PLC, Arla Foods Ingredients Group P/S, and others, are concentrating on boosting the content of important minerals, such as calcium. During the projection period, these variables are anticipated to boost segmental expansion. Additionally, the competition in the milk mineral concentrate market is intensifying its efforts to provide milk mineral concentrate with higher calcium content in response to the rising demand for fortified food products, infant formula, nutritional drinks, and other items. During the projection period, this is anticipated to fuel segment growth of 26% to 30%.
Infant Formula Category Leads Milk Mineral Concentrate Market on the Back of Rising Prevalence of Newborn Mortality
The infant formula category held the largest market share, and it is anticipated that it will continue to rule the market during the forecast period. There is an increase in demand for infant formulae due to the rising prevalence of newborn mortality in developing nations like China, Japan, and others. A significant contributing factor to the segment's expansion is the growing number of clinical trials to create and market infant formulae with additional nutrient molecules to address the impaired nutrition level. As an illustration, the 2019 Agri-Food and Aquaculture Regulatory Review roadmap included completing the regulatory framework for Human Milk Fortifiers (HMF), newborn meals added to human milk to boost its nutritional value. Similarly, increasing consumer demand for sports nutrition meals, beverages, and dietary supplements in the milk mineral concentrate market is a result of expanding public awareness of healthy eating and lifestyles, particularly among those engaged in sports.
Asia Pacific Spearheads Milk Mineral Concentrate Market with Higher Prevalence of Calcium-deficient Illnesses
Over the forecast period, it is anticipated that the Asia Pacific market will account for the largest revenue share. Due to variables, including the increased prevalence of calcium-deficient illnesses in the general population, particularly in young children and the elderly population, the region predominated. For instance, the proportion of the old in China was 15.5% in 2018, according to data from the Journal of Bone and Mineral Research, and is predicted to rise to 31.2% by 2050. Additionally, it is predicted that by 2050, more than 120 million people in China will have osteoporosis, up from 60 million in 2018. It is predicted that rising activities would drive the milk mineral concentrate market in the region by governmental bodies and authorities to establish and update new rules for fortified food items, such as infant formulae.
North America milk mineral concentrate market is anticipated to experience stable revenue growth throughout the forecast period. The rising patient population in the U.S. and Canada with micronutrient deficiency illnesses is contributing to the market growth in the region. Customers are becoming more health concerned, and the popularity of exercise activities that lead to sports and supplements high in protein is rising quickly. Apart from that, there has been an increase in the number of dairy cows in California in countries such as the United States. The growth of North American industries will also be aided owing to these factors.
Global Milk Mineral Concentrate Market: Competitive Landscape
In June 2022, with FrieslandCampina DOMO, Sachsenmilch Leppersdorf GmbH agreed to a contract to acquire three manufacturing facilities and five dairy product brands. On the other hand, in February 2021, for manufacturing its Refit milk proteins MPI 90 and MPC 85, FrieslandCampina DOMO recently announced a new agreement with Cayuga Milk Ingredients in an effort to broaden its product line.
Few of the milk mineral concentrate market players are Arla Foods Ingredients, Armor Proteines, Food Ingredient Technology Co., Ltd., Lactalis Ingredients, Garuda International Inc., Fonterra, Donaghys, ADM, MG Ingredients, Whiteoakmills, and Draco Ingredients.
Global Milk Mineral Concentrate Market is Segmented as Below:
By Calcium Content
Key Elements Included In The Study: Global Milk Mineral Concentrate Market
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