New Delhi, Oct. 9 -- The Global Dairy Nutritional and Nutraceutical Ingredients market accounted for $14.3 billion in 2017 and is expected to reach $32.3 billion by 2026 growing at a CAGR of 9.5% during the forecast period.
High demand for milk-based ingredients in skin and hair care cosmetics and new technological developments in protein ingredients are the major factors driving the market growth. However, lack of consumer awareness, increasing raw material and manufacturing costs are restraining market growth.
Based on the application, the dairy products segment is likely to enormously due to the increasing demand for industries such as cosmetics, food & beverages, and many others.
By geography, North America is going to have a lucrati...