The present invention discloses processes for the preparation of phospholipid-enriched dairy products as nutraceuticals for the formulation of functional foods, the processes include the steps of: combining a non-dairy-based PL-containing material, having phosphatidylserine (PS) or phosphatidic acid (PA) in the PL-containing material, with water and an oil component to form a paste removing an excess amount of the water from the paste to form a PL-oil solution and mixing the PL-oil solution with a dairy component, thereby obtaining a PL-enriched dairy product. Preferably, the PS or the PA is derived in part from an enzymatically-processed lecithin. Preferably, the step of combining is performed at a weight-to-weight (w-w) concentration of at least about 2% of the water to said PL-containing material. Preferably, the PL-oil solution has a weight-to-weight (w-w) concentration of at least about 0.01% of a residual amount of the water to the PL-containing material.
