(Food-Beverage-News.Com, July 13, 2024 ) Pune, 13, July 2024: The Global Fermented Milk Market was valued at USD 53.38 Billion in 2023 and is expected to reach USD USD 111.62 Billion by 2032, with a CAGR of 8.54%. Fermented milk is a dairy item that goes through fermentation, during which good bacteria transform lactose into lactic acid, resulting in a tangy taste and altering its consistency. The items it offers are famous for their positive effects on health, such as better digestion and being a rich source of probiotics. Fermented dairy items such as yogurt, buttermilk, and sour cream are well-liked because of their unique flavors, creamy texture, and probiotic properties. These items are suitable for people who are lactose intolerant and looking for dietary alternatives. Fermentation results in the production of lactase enzymes, facilitating digestion. It enhances the accessibility of nutrients such as calcium, protein, vitamins, and minerals, enhancing their absorption within the body. Fermented dairy items hold cultural significance in numerous areas and can be incorporated into different dishes to improve flavor and texture.
Fermented Milk Market Dynamics
Fermented milk products, rich in probiotics, offer numerous health benefits, including gut health, digestion, and immune system boost. As health-conscious individuals become more aware, demand for these probiotic-rich products has increased. Non-dairy fermented milk products, like soy, almond, or coconut milk, provide alternatives without compromising taste or health benefits. The fermentation process increases nutrient bioavailability, making them easier to absorb and utilize. The demand for authentic fermented milk products that reflect cultural heritage contributes to market growth and diversification of product offerings.
Consumers are seeking healthier and convenient food options, with advancements in packaging such as individual-sized sachets and containers. New fruity or herbal flavors and textures are being introduced, such as Greek-style yogurt. Biodegradable materials, recyclable containers, and reusable packaging offer environmentally friendly choices. Innovation in product formulations can lead to hybrid products, allowing growth in the functional food industry. Adding superfoods like chia seeds or goji berries to fermented milk products enhances their nutritional value and aligns with wellness trends.
Global Fermented Milk Market size was valued at USD 53.38 Billion in 2023 and is expected to reach USD 111.62 Billion by 2032, at a CAGR of 8.54%.
Fermented Milk Market Regional Insights
The Asia Pacific region, with its high population, is a major market for fermented milk products, particularly yogurt, due to its health benefits and probiotic attributes. The growing awareness of health and wellness trends has led to a surge in the market, with fermented dairy products being easily accessible due to the region's retail and e-commerce infrastructure. The rise in urbanization and disposable income further contributes to the dominance of this market.
Fermented Milk Market Segment Analysis
By Type
Cooking
Direct Consumption
Dairy-based Desserts
Probiotic Supplements
Direct consumption of fermented milk products like yogurt, lassi, and buttermilk offers convenience and versatility. These dairy products can be eaten as is, blended into smoothies, or added to various dishes. Many cultures have a long-standing tradition of consuming these products directly, as yogurt is a popular snack or nutritious diet. These products have a unique tangy taste and smooth consistency, and when combined with fruits or honey, they provide a pleasant taste and texture.
By Type
Flavored
Unflavoured
By Form
Cheese
Yogurt
Butter
Sour cream
Buttermilk
By End-user
Food and Beverage
Health & Wellness
Hospitality & Catering
By Distribution Channel
Retail Stores
Online Platforms
Food Service Providers
Local Markets
GLOBAL FERMENTED MILK MARKET BY REGION
NORTH AMERICA
USA
Canada
Mexico
EASTERN EUROPE
Russia
Bulgaria
The Czech Republic
Hungary
Poland
Romania
Rest of Eastern Europe
WESTERN EUROPE
Germany
United Kingdom
France
The Netherlands
Italy
Spain
Rest of Western Europe
ASIA PACIFIC
China
India
Japan
South Korea
Malaysia
Thailand
Vietnam
The Philippines
Australia
New-Zealand
Rest Of APAC
MIDDLE EAST & AFRICA
Turkey
Bahrain
Kuwait
Saudi Arabia
Qatar
UAE
Israel
South Africa
SOUTH AMERICA
Brazil
Argentina
Rest of South America
Fermented Milk's Key Competitors include:
Archer Daniels Midland Company (USA)
Cargill, Incorporated (USA)
Ciranda, Inc. (USA)
Mars, Inc. (Kind LLC) (USA)
The Hershey Company (Hershey Trust Company) (USA)
Barry Callebaut Group (Switzerland)
JB Foods Limited (Singapore)
Meiji Holdings Co., Ltd. (Japan)
Olam International Limited (Singapore)
Nestlé S.A. (Switzerland), and Other Active players.
Key questions answered in the Fermented Milk Market report are:
Which market segment dominated the global Fermented Milk market in 2023?
What are the current global trends in the Fermented Milk market?
What future industry applications and trends are emerging in the Fermented Milk market?
What growth strategies are companies adopting to expand their presence in the Fermented Milk market?
Who are the leading companies in the Fermented Milk market, and what are their product portfolios?
What are the primary challenges that the Fermented Milk market may face in the future?
Which region had the largest share of the Fermented Milk market in 2023?
How is the regulatory environment influencing the Fermented Milk market?
Pristine Intelligence LLP, a prominent Food and Beverages Industry research firm, has released the following reports:
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