Global Fermented Dairy Ingredients Market: Overview
Fermented milk or dairy products, also called cultured dairy food products, are generally fermented with the help of lactic acid bacteria. This kind of fermentation method extends the shelf life of food products along with improving the products’ important aspects, such as digestibility, taste, etc. Food products, such as cheese, are considered to be among the most vital ingredients for several fast foods, bakery items, etc. A wide range of various Lactobacilli strains are considered to be grown or developed in laboratories that allow for the production of an extensive range of cultured milk items with varied tastes.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Fermented Dairy Ingredients Market: Growth Factors
Increasing demand and popularity for frozen dairy products from the dairy ingredients market is anticipated to result in high investments made in varied dairy items, such as yogurt, fermented, and fresh cheese. This is also likely to contribute to the growing focus of the key players in the fermented dairy ingredients market to develop their production capacity. In addition, competition, particularly in the sweeteners, is likely to experience a steady rise in the upcoming years. Stevia and sugar substitute, which are generally made from leaves, are gaining popularity due to their natural ingredients. The increasing popularity of sweeteners is predicted to positively impact the fermented dairy ingredients market globally. Additionally, the growing use of drinkable yogurt, particularly among the young generation, is also significantly driving the expansion of the fermented dairy ingredients market.
Global Fermented Dairy Ingredients Market: Segmentation
The fermented dairy ingredients market is fragmented in terms of product type. By product type, this global market is divided into cheese (natural cheese, processed cheese, and sweetener), yogurt (spoonable yogurt, drinkable yogurt, and sweetener), and flavored milk. The cheese segment is likely to account for the highest value share in the market for fermented dairy ingredients. This is mainly due to the increasing awareness of several dairy ingredient manufacturers that is likely to bring new modern cheese products with unique flavors and enhanced textures to augment the value of dairy products. The yogurt segment is anticipated to register the highest growth rate during the forecast timeframe, as the worldwide consumption of yogurt is likely to increase in the years ahead.
Global Fermented Dairy Ingredients Market: Regional Analysis
By region, the global fermented dairy ingredients market is divided into Latin America, Asia Pacific, North America, the Middle East and Africa, and Europe. Europe is likely to hold the key share in this global market in the upcoming years, owing to its huge dairy sector and a large customer base for the fermented dairy products. Asia Pacific is projected to be the fastest growing region in the fermented dairy ingredients market during the forecast time period. This is due to the growing applications of fermented dairy products, particularly for food items, and the product’s growing demand and popularity of flavored and fragranced milk among customers across Australia and China. North America and Asia Pacific are likely to be two of the most profitable regions in the fermented dairy ingredients market.
Global Fermented Dairy Ingredients Market: Competitive Players
Some of the key players operating in the global fermented dairy ingredients market include E. I. du Pont de Nemours and Company, Koninklijke DSM, Cargill Incorporated, Chr. Hansen Holding, Novozymes, Kerry, Bioprox, Ingredion Incorporated, Archer Daniels Midland Company, Lake International Technologies, Arla Foods Ingredients Group, CSK Food Enrichment, DairyChem, Epi Ingredients, CP Ingredients, Socius Ingredients, Dairy Connection, The Tatua Cooperative Dairy Company, and Corbion, among others.
Global Fermented Dairy Ingredients Market: Regional Segment Analysis
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