Fermented Dairy Ingredients Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Fermented Dairy Ingredients Market grew at a CAGR of 7.3% between 2017-2021 and is estimated to be US$ 5,768.9 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 6.8% and is expected to reach a valuation of US$ 11,138.0 Mn by 2032 end.
One of the main factors boosting the expansion of the market share for fermented dairy ingredients is consumer preference for healthier products. The presence of probiotic bacteria and the improved digestibility of these products, which both works to prevent some diseases due to their antimicrobial properties, are their main health benefits.
As a result, it is anticipated that sales of fermented dairy ingredients will increase throughout the forecast period. Additionally, because fermented dairy ingredients are simpler to digest than unfermented milk, lactose intolerant people prefer them, creating lucrative opportunities for producers of fermented dairy ingredients.
BETTER HEALTH RESULTS DRIVING THE SALES OF FERMENTED DAIRY PRODUCTS
Consuming fermented dairy products contributes to keeping the body’s ecosystems balanced. A kind of bacteria in fermented dairy products like yogurt and other foods like cheese creates lactic acid.
Better digestive tract health is a result of this. People are becoming more aware of digestive issues like bloating, diarrhea, and abdominal cramps brought on by lactose intolerance. Lactic acid, which is present in fermented dairy products, helps to treat certain digestive issues.
This increases the demand for fermented dairy products by making them a necessary component of every person’s daily diet. Increased purchasing power and lifestyle change are two other factors that can increase demand for fermented dairy products.
MANUFACTURERS OFFERING A VARIETY OF FERMENTED FOOD PRODUCTS LEADING TO THE GROWTH IN SALES
Cultured milk, sour cream, yogurt, kefir, koumiss, acidophilus milk, Misti Doi, shrikhand, amrakhand, lassi, and other foods are examples of fermented foods. These are conveniently offered in ready-to-eat shape in retailers. They can be used as sauce thickeners, fast dips, and spreads.
They play a significant role in preparing Mexican dishes, including nachos, tacos, and enchiladas. They come in a variety of flavors and drink lyrical styles. They are packaged in tetra packs, PET bottles, polypropylene glass-shaped cups, polythene pouches, and other containers that make them simple to carry and store for longer.
The manufacturers’ variety draws customers’ attention to fermented dairy products and raises their purchase frequency.
Market Segments Covered in Report
By Product Type:
By Region and Country:
Which application segment dominates the fermented dairy ingredients market?
The dairy segment is anticipated to grow the fastest throughout the projection period. This is because baked foods like bread, pastries, and other baked products frequently contain ingredients from fermented dairy. These compounds preserve food because they are acidic, which helps with digestive problems. Because of this, bakery producers regularly use them to increase the shelf life of their goods.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Due to the presence of a small number of firms, competition in the worldwide market has become more consolidated. The main goal of players is to build a loyal client base. Hence players are using innovative marketing and promotional techniques to get consumers’ attention. Leading companies in the market for fermented dairy products are employing a variety of methods, such as launching new products, to increase market income.
To develop prospects for the Fermented Dairy Products market to generate income in the upcoming years, other players are forming joint ventures and working together. Additionally, it is anticipated that significant investments in research and development for improved fermented dairy product preservation will open up revenue-generating potential for the market’s producers.
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product Type, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 6.8%.
Better health results driving the sales of fermented dairy products
Major global Fermented Dairy Ingredients Market players are Koninklijke DSM, CSK Food Enrichment, The Tatua Cooperative Dairy Company, Arla Foods Ingredients GroupCargill Incorporated, Archer Daniels Midland Company, Chr. Hansen Holding, DairyChem, Epi Ingredients, Ingredion Incorporated, Dairy Connection, Novozymes, Socius Ingredients, CP Ingredients, E. I. du Pont de Nemours and Company, Kerry, Biopro, Lake International Technologies, Corbion
Asia Pacific Region is expected to account for the largest market revenue share in the Global Fermented Dairy Ingredients market.
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