Fermented Dairy Ingredients Market

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.

Market Dynamic

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:

• Cheese
• Natural Cheese
• Processed Cheese
• Sweetener
• Flavoured Milk:
• Cultures
• Enzymes
• Starch
• Sweetener
• Yogurt:
• Spoonable Yogurt
• Cultures
• Enzymes
• Starch
• Sweetener

By Application:

• Bakery
• Dairy
• Snacks
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

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.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• With a market share of 46.2%, Asia Pacific is expected to experience lucrative growth opportunities due to the rise in per capita income in developing countries.
• Europe appears to hold the largest market share for fermented dairy products due to its sizeable dairy industry and growing consumer base.

Competition Analysis

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:

• Koninklijke DSM
• CSK Food Enrichment
• The Tatua Cooperative Dairy Company
• Arla Foods Ingredients GroupCargill Incorporated,
• Archer Daniels Midland Company
• Hansen Holding
• DairyChem
• Epi Ingredients
• Ingredion Incorporated
• Dairy Connection
• Novozymes
• Socius Ingredients
• CP Ingredients
• I. du Pont de Nemours and Company
• Kerry
• Biopro
• Lake International Technologies
• Corbion

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.