There’s a reason he deservedly received the Nobel Prize for Literature.
OTOH, if there were a Nobel Prize for Music (which there isn’t), Dylan would be at best around the middle of the list of possible recipients. It is just as well: the avant garde post-classical composers (e.g. Marcus Norris) would expect to be the perpetual winners of the Music Prize when no one ever actually listens to their works, while the middlebrow classical composers (e.g. John Williams) and the various versions of pop composers (the whole chart from Bert Bacharach to Ed Sheeran to Bad Bunny) would decry anyone not from their ranks.
Even Bob Dylan didn’t think he deserved the Nobel Prize for Literature.