Cow milk minerals possess essential properties such as calcium, phosphorus, magnesium, and potassium, crucial for bone health, metabolism, and overall wellness. These minerals are applied in fortifying dairy products, plant-based alternatives, and functional foods, enhancing their nutritional profiles. Benefits include stronger bones, teeth, and optimal bodily functions. With recognized health advantages, cow milk minerals support consumers' well-being and cater to dietary preferences. Their incorporation into various products reflects a broader trend toward healthier choices in modern lifestyles.
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Data Bridge Market Research analyses that the Asia-Pacific Cow Milk Minerals Market is valued at USD 915.6 thousand in 2022 and is expected to reach USD 2,332.57 thousand by 2030, registering a CAGR of 12.40% during the forecast period of 2023 to 2030. Increasing consumer awareness of the nutritional value of cow milk minerals, including calcium, phosphorus, magnesium, and potassium, drives demand. These minerals play essential roles in bone health, metabolism, and overall well-being.
Key Findings of the Study
Functional foods and beverages are expected to drive the market's growth rate
The integration of cow milk minerals into functional foods and beverages enhances their nutritional content, catering to health-conscious consumers. These minerals, such as calcium and phosphorus, bolster bone health, metabolism, and overall well-being. As consumers actively seek products that provide additional advantages beyond basic sustenance, the inclusion of these minerals aligns with their desire for improved nutrition.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Form (Coarse Powder, Fine Powder), Function (Bone Health, Weight Management, Fortification, Others), Application (Food, Beverages)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
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Market Players Covered
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Meiji Holdings Co. Ltd. (Japan), MORINAGA MILK INDUSTRY CO. LTD. (Japan), Nestlé (Switzerland), Tedford Tellico (United States), Arla Foods Ingredients Group P/S (Denmark), Food Ingredient Technology (United States), Glanbia PLC (Ireland), Danone (France), FrieslandCampina (Netherlands), Groupe Lactalis (France), and SAVENCIA SA (France)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Asia-Pacific cow milk minerals market is segmented on the basis of form, function, and application.
- On the basis of form, the cow milk minerals market is segmented into coarse powder, fine powder.
- On the basis of function, the cow milk minerals market is segmented into bone health, weight management, fortification, and others.
- On the basis of application, the cow milk minerals market is segmented into food, and beverages.
Major Players
Data Bridge Market Research recognizes the following companies as the major Asia-Pacific cow milk minerals market players in Asia-Pacific cow milk minerals market are Meiji Holdings Co. Ltd. (Japan), MORINAGA MILK INDUSTRY CO. LTD. (Japan), Nestlé (Switzerland), Tedford Tellico (United States), Arla Foods Ingredients Group P/S (Denmark), Food Ingredient Technology (United States), Glanbia PLC (Ireland)
Market Developments
- In March 2021, Meiji Co., Ltd. has unveiled its strategy to introduce two highly popular yogurt drinks, "Meiji Probio Yogurt R-1" and "Meiji Probio Yogurt LG21," predominantly targeting the East China market. A significant aspect of this launch involves the reduction of plastic consumption by modifying the weight of plastic containers used for these products. This initiative not only aligns with environmental regulations but also reflects Meiji's commitment to sustainability and reducing its ecological footprint.
- In December 2022, Lactalis, a prominent player in the French dairy industry, has revealed its intention to acquire the Brazilian joint venture currently co-owned by Nestle and Fonterra. The acquisition is anticipated to be concluded by the middle of 2023. This strategic move is set to enhance Lactalis's market presence and expand its commercial reach and geographic footprint within Brazil, contributing to the company's broader growth strategy.
Regional Analysis
Geographically, the countries covered in the Asia-Pacific cow milk minerals market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
As per Data Bridge Market Research analysis:
China is expected to dominate Asia-Pacific in the cow milk minerals market during the forecast period 2023 - 2030
In 2023, China dominates the Asia-Pacific cow milk minerals market due to the role of these products in maintaining strong bones, teeth, and overall health, consumers are actively seeking options that offer these benefits. Calcium-fortified and mineral-rich dairy items provide a convenient and delicious way to incorporate essential nutrients into daily diets. This trend aligns with a broader emphasis on preventive health measures, driving the popularity of such products as individuals increasingly prioritize their long-term well-being and the fulfillment of their nutritional requirements.
India is expected to witness significant growth during the forecast period of 2023 to 2030
In 2023, India is expected to witness significant growth as more people reside in the region, and the demand for milk and its products has significantly increased. This phenomenon is driven by factors such as urbanization, changing dietary habits, and rising disposable incomes. As a result, dairy consumption has become a vital component of the daily diet for many, prompting the dairy industry to expand production and distribution networks to cater to the escalating demands of the burgeoning population in the Asia-Pacific region.
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