The global Cultured Non-Fat Dairy Ingredients Market is expected to reach a market valuation of USD 13.8 Billion by the year 2023, accelerating with a CAGR of 4.6% by 2023 to 2033. Cultured Non-Fat Dairy Ingredients sales are likely to account for a part of the demand in the global dairy ingredients market, valued at USD 21.6 Billion in 2033.
Dairy products obtained from fermentation by the presence of appropriate microorganism either naturally or artificially are known as cultured non-fat dairy ingredients. The majority of cultured non-fat dairy ingredients are used to make non-fat dairy yoghurt, whose consumption has grown dramatically in developed nations.
In addition, non-fat dairy ingredients are also becoming increasingly popular among millennials in developing nations due to the growing demand for low-fat and non-fat dairy products, which is also anticipated to fuel the growth of the cultured non-fat dairy ingredient market over the course of the forecast period.
Aside from health benefits, the fermentation process extends the shelf life of dairy products while also improving their taste and aroma. As a result, the diverse features of Cultured Non-Fat dairy ingredients can be linked to the Cultured Non-Fat dairy ingredients market expansion.
Dairy products have the most desirable organoleptic properties and a favourable consumer perception, making them the most sought-after ingredients in the food and beverage industry. However, their high fat content has hampered their growth over the years, increasing the demand for non-fat dairy ingredients with a fat content of 1.5% or less (by weight).
Attributes | Details |
---|---|
Cultured Non-Fat Dairy Ingredients Size (2023E) | USD 13.80 Billion |
Cultured Non-Fat Dairy Ingredients Projected Size (2033F) | USD 21.64 Billion |
Value CAGR (2023 to 2033) | 4.6% |
Future Market Insights projects the market to remain lucrative, exhibiting growth at 4.6% CAGR between 2023 and 2033 in comparison to the CAGR of 5.0% posted between 2018 and 2022.
Growing consumption of dairy especially non-fat as a healthy alternative will fuel the demand across the USA, the UK, and Middle Eastern countries. The dairy ingredients market is growing in response to global trends for healthier foods and increasing demand for functional ingredients.
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Cultured Non-fat Dairy Ingredients’ sales grew at a CAGR of 5.0% between 2018 and 2022. The period marked the entry of various market players and product innovations.
Future Market Insights (FMI) predicts that the growth of the Cultured Non-Fat Dairy Ingredients is expected to be propelled by various factors, including the increasing demand for healthy and nourishing food, the popularity of plant-based diets, and consumers' growing health awareness. Shift in dietary patterns and consumption of great-tasting with quality nutrition is expected to burgeon the consumption of Cultured Non-fat Dairy products.
The rise in consumption of ready-to-eat foods, like cheese and other functional food ingredients, has increased due to the presence of protein, complemented by the application of dairy ingredients in cosmetics.
Regionally, more than one in four adults is obese in countries such as Canada, the United Kingdom, South Africa, etc. Over the past few years, the prevalence rate of obesity and overweight has surged, especially in United States & Canada and European countries such as France, Switzerland etc. and are expected to increase.
Recent statistics from the OECD (Organisation for Economic Co-operation and Development) indicate that about 20% of adults in all OECD nations are obese. Obesity and overweight have been more prevalent over the last few years.
These concerns have led to the introduction of taxing policies in some nations over the past several years as a method of raising the price of unhealthy products such food items with a high fat or sugar content.
Also, a wide range of consumer awareness policies have been launched by different nations, producing a positive momentum for the non-fat food product and subsequently causing these items to have quickly rising traction.
Region | North America |
---|---|
Country | United States |
CAGR | 6.0% |
Market Value Share in Global Market (2023) | 21% |
Region | Europe |
---|---|
Country | United Kingdom |
CAGR | 5.2% |
Market Value Share in Global Market (2023) | 14% |
Region | Asia Pacific |
---|---|
Country | India |
CAGR | 3.8% |
Market Value Share in Global Market (2023) | 10% |
Region | Asia Pacific |
---|---|
Country | China |
CAGR | 5.2% |
Market Value Share in Global Market (2023) | 14% |
Region | Asia Pacific |
---|---|
Country | Japan |
CAGR | 4.6% |
Market Value Share in Global Market (2023) | 6.9% |
According to FMI, India is expected to rise by a significant growth rate during the forecast period.
The Cultured Non-Fat Dairy Ingredients in India is expected to experience consistent growth during the projected period, as a result of the rising demand for healthy and nourishing food products.
Due to the rising demand for various cultured dairy products including butter and cheese used in fast food items, Asia-Pacific is predicted to have a sizable market share in the future. Also, the area has seen a notable increase in the population of millennials, who are the primary consumers of cultured dairy goods. Thus, it is projected that an increase in the millennial population would present lucrative business prospects.
According to FMI, the United States is expected to remain one of the dominant markets for given forecast period.
North America has witnessed a higher rate of traction for different types of cultured non-fat dairy products, owing to their increased demand from consumers. Some of the key macroeconomic factors such as a rise in health awareness, surge in per-capita income also play an important role in the overall growth of the market.
FMI reports that due to the increasing demand for cultured non-fat dairy ingredients, major players in the market are expanding their presence in UK To meet the surging demand, the majority of key players in cultured non-fat dairy ingredient are working with their new product launches, strengthening their R&D departments and delivering valuable product in accordance with the trending consumer insights globally.
Furthermore, a strong distribution network will be necessary to reach consumers across the country.
Dairy Ingredients Market:
Attributes | Dairy Ingredients Market |
---|---|
CAGR (2023 to 2033) | 6% |
Market Value (2033) | USD 118 Billion |
Growth Factor | The dairy ingredients market is growing in response to global trends for healthier foods and increasing demand for functional ingredients. |
Opportunity | Functional food and beverages have gained immense popularity among the health-conscious population due to the influence of social media. |
Key Trends | Dairy ingredient brand shares are shifting, with smaller players gaining ground on the leading brands. |
Fermented Dairy Ingredients Market:
Attributes | Fermented Dairy Ingredients Market |
---|---|
CAGR (2023 to 2033) | 8% |
Market Value (2033) | USD 17 Billion |
Growth Factor | Consumer preferences for healthier products are one of the major drivers boosting the expansion of the fermented dairy ingredients market share. The most significant health benefits provided by these products are enhanced digestibility and the presence of probiotic bacteria in these goods. |
Opportunity | Increased investment in dairy products such as yoghurt and fresh and fermented cheese is predicted to rise due to rising demand for frozen dairy cultures in the global fermented dairy ingredients market. |
Key Trends | Latest trends in fermented dairy ingredients market include consumers rising demand for flavoured milk as a post-exercise drink. |
Reduced Fat Dairy Market:
Attributes | Reduced Fat Dairy Market |
---|---|
CAGR (2023 to 2033) | 4.6% |
Market Value (2033) | USD 16.15 Billion |
Growth Factor | Reduced-fat dairy products have a number of health benefits such as the prevention of hypertension, colon cancer, and others, which is expected to foster the growth of the industry in the upcoming years. A surge in health consciousness amongst people across the globe is fuelling the demand for reduced-fat dairy products. |
Opportunity | Rising preference amongst consumers owing to the rich and enhanced taste of reduced-fat dairy products is a key factor accelerating the market expansion. |
Key Trends | It is estimated that the hypermarket ad supermarkets segment is likely to exert dominance over the forecast period |
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The bakery segment is anticipated to expand at the fastest rate during the course of the forecast. This is a result of baked foods like pastries, bread, and other baked items frequently including Cultured Non-Fat dairy ingredients. As a result of their acidic nature, these compounds are used to preserve food since they are helpful for digestive problems. Hence, in order to increase the shelf life of their goods, bakeries regularly use them.
The global Cultured Non-Fat Dairy Ingredients is highly fragmented and competitive due to the existence of several local and regional rivals.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD Billion for Value |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK France, Italy, Spain, Nordic, Russia, Poland, India, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others. |
Key Segments Covered | Process, Nature, Form, Distribution Channel & Region |
Key Companies Profiled | 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 |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
Throughout the forecast period, Cultured Non-Fat Dairy Ingredients are expected to grow at a CAGR of 4.6%
By 2033, Cultured Non-Fat Dairy Ingredients is expected to be worth USD 21.6 Billion.
• Health and wellness have been a key driver for consumers for quite some time in the Market • Innovations and advancements in technologies
Some of the key players in the Cultured Non-Fat Dairy Ingredients are Fonterra Co-Operative Group, All American Food, Inc., SmithFoods, Inc, Agri-Mark, Inc, Land O’ Lakes, Inc, Dairy Farmers of America, Associated Milk Producers, Inc., Bluegrass Dairy & Food, Inc, Arion Dairy Products B.V., Innova Food Ingredients S.A., and Sterling Agro Industries Ltd among other.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Process 6.2. Nature 6.3. Form 6.4. Distribution Channel 7. Global Market Analysis and Forecast, By Process 7.1. Natural 7.2. Artificial 8. Global Market Analysis and Forecast, By Nature 8.1. Organic Compliant and Certified 8.2. Kosher Certified 8.3. Conventional 9. Global Market Analysis and Forecast, By Form 9.1. Liquid 9.2. Powder 10. Global Market Analysis and Forecast, By Distribution Channel 10.1. Direct Sales 10.2. Indirect Sales 10.3. Store-based retailing 10.4. Hypermarkets/Supermarkets 10.5. Convenience stores 10.6. Discount stores 10.7. Independent Small Groceries 10.8. Online retail 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. Middle East and Africa 11.5. East Asia 11.6. South Asia 11.7. Oceania 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. South Asia Sales Analysis and Forecast, by Key Segments and Countries 18. Oceania Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Process, Nature, Form, and Distribution Channel for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Koninklijke DSM 21.2. CSK Food Enrichment 21.3. The Tatua Cooperative Dairy Company 21.4. Arla Foods Ingredients Group 21.5. Cargill Incorporated 21.6. Archer Daniels Midland Company 21.7. Chr. Hansen Holding 21.8. DairyChem; Epi Ingredients 21.9. Ingredion Incorporated 21.10. Dairy Connection 21.11. Novozymes 21.12. Socius Ingredients
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