The global fermented dairy products market is expected to accumulate USD 4,920.5 Million in value by 2022-end. During the forecast period ranging from 2022 to 2032, a CAGR worth 8.5% has been projected for the market, with an expected closing value worth USD 11,125.2 Million. During the 2016 to 2021 historical period, the industry grew at a value CAGR worth 8.1%.
Mounting Consumers' shifting consumer preferences toward healthier products in developed countries like the United States & Germany and extension of the shelf life of dairy products boost the demand for fermented dairy products.
| Attributes | Key Statistics |
|---|---|
| Global Fermented Dairy Products Market CAGR (2022 to 2032) | 8.5% |
| Anticipated Market Value (2022) | USD 4,920.5 Million |
| Global Fermented Dairy Products Market (2032) | USD 11,125.2 Million |
| Global Fermented Dairy Products Market Attraction | Consumers' shifting consumer preferences toward healthier products are fueling the growth of the fermented dairy products market. Since these products contain probiotic bacteria, they provide numerous health benefits. |
Fermented dairy products are assumed to contain probiotics, which provide a range of health benefits. Fermented dairy products are thought to be probiotic bacteria delivery vehicles. Fermented dairy products are produced by inoculating culture with an enzyme that converts lactose to lactic acid.
This milk inoculation and fermentation process encompasses a broad product offering in the form of fermented dairy products. Many substances are released during the conversion process, including acetic acid, diacetyl, and acetaldehyde, which contribute to the products' distinctive taste and aroma.
During the fermentation process of kefir and koumiss, ethanol alcohol is also produced. Lactobacillus and bifidobacterium are the most prevalent bacterial strains used in the fermentation process. These fermented dairy products not only add flavor but also texture and consistency to a wide range of products such as sauces and dips.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Consumers' shifting consumer preferences toward healthier products are fueling the growth of the fermented dairy products market. Since these products contain probiotic bacteria, they provide numerous health benefits.
The most significant health benefits provided by these products are improved digestibility and the probiotic bacteria present in these products helping to suppress certain pathogens via their antibacterial properties. Furthermore, lactose-intolerant people prefer fermented dairy products because they are more easily digestible than unfermented milk.
However, apart from health benefits, the fermentation process helps to extend the shelf life of dairy products while also enhancing their taste and aroma. As a result, the market's significant growth can be attributed to the versatile properties of fermented dairy products.
The challenge for fermented dairy manufacturers and retailers, however, is determining the appropriate culture and enzyme for the fermentation process of dairy products. Because not all strains contribute to increased shelf life and health benefits.
Principal Consultant
North America holds a substantial market share. The market for fermented dairy products is broadening attributed to increasing health consciousness and shifting consumption patterns. North America has seen a higher rate of traction for various types of fermented milk products. Some of the key macroeconomic factors, such as rising healthcare awareness and per capita income, also play an important role in the overall growth of the fermented milk market over the upcoming decades. North America is expected to account for a 27.4% share of the fermented dairy products market in 2022.
Milk and other dairy products are the major sources of artery-clogging saturated fat in the American diet. Milk products contain cholesterol as well. Fat, saturated fat and cholesterol-rich diets lead to a higher risk of disease, which is still the leading cause of death in the United States. Cheese is incredibly harmful. The fat content of typical cheeses is 70%.
In 2021, North America was the second-largest market for dairy ingredients. According to the Centers for Disease Control and Prevention, heart disease is the leading cause of death in the United States, with approximately 6,47, 000 Americans dying from it each year, compensating for one out of every four deaths. As a result, the rising prevalence of cardiovascular and other diseases around North America is expected to create lucrative opportunities for a healthy diet, propelling the dairy ingredients market in North America over the forecast period.
The increasing customer enthusiasm for therapeutic products containing probiotic bacteria is spurring market growth. The Asia Pacific is an enticing region for the expansion of the fermented dairy products market. Traditionally, dairy products were fermented, but with newer technologies and product innovations, consumers are gravitating toward commercialized fermented dairy products.
Because of the excess supply of fermented milk products such as butter and cheese in fast food restaurants. Furthermore, the region has seen a huge influx of millennials, who are the major recipients of fermented milk products. As a result, the growing millennial population is expected to provide lucrative fermented milk market opportunities.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The United Kingdom has the largest market share attributed to the combination of a large dairy industry as well as a large population base of fermented dairy product consumers. Italy is the fastest-growing region as a consequence of the rising use of these products in food products as well as rising demand.
Cheese products have a substantial market share due to their use as a primary ingredient in many food products such as bakery products and fast foods, as well as an ingredient in many Italian dishes, breakfast foods, and so on. Flavored milk products are anticipated to boost the fastest, owing to rising economic growth for value-added milk products such as organic milk and smoothies, as well as for flavor enhancement in Europe.
Koninklijke DSM N.V., Biopro, Novozymes, Kerry Inc, Archer Daniels, Midland Company, Ingredion Incorporated, and Arla Foods Ingredients Group P/S are a few of the key market manufacturers in the Europe market. These companies are exploring ambitious corporate sustainability goals by developing the latest products. In 2022, Europe is likely to acquire a 38.5% share in Fermented Dairy Products and is estimated to retain the governing expansion throughout the forecast period, states Future Market Insights.
The swelling dispersion of start-ups in the Fermented Dairy Products market has increased product quality and enhanced global sales. However, to gain a competitive edge, new start-ups are working on innovative developments and launching new products such as:
Some of the prominent manufacturers identified in the global dairy creamers market include Koninklijke DSM NV, Danone, Yotsuba Milk Products Co., Ltd., Chobani, LLC, General Mills Inc., Dairy Manufacturers, Inc., and Meadow Foods Limited. Companies are working on novel developments and launching new products such as:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 8.5% from 2022 to 2032 |
| Market Value in 2022 | USD 4,920.5 Million |
| Market Value in 2032 | USD 11,125.2 Million |
| Base Year for Estimation | 2021 |
| Historical Period | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Ingredients, Sales Channel, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, India, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Koninklijke DSM NV; Danone; Yotsuba Milk Products Co., Ltd.; Chobani, LLC; General Mills Inc.; Dairy Manufacturers, Inc.; Meadow Foods Limited; Nestle Health Science; Parmolat S.p.A; Arla Foods Ingredients Group P/S |
| Customization | Available Upon Request |
The global fermented dairy products market is likely to value at USD 4,920.5 Million in 2022.
The fermented dairy products market is estimated to grow at a CAGR of 8.5% from 2022 to 2032.
The fermented dairy products market is predicted to procure USD 11,125.2 Million by 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2016 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Yogurt 5.2. Kefir 5.3. Cheese 5.4. Sour Cream 5.5. Buttermilk 6. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Ingredients 6.1. Culture 6.2. Enzymes 7. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Sales Channel 7.1. Modern Trade 7.2. Convenience Stores 7.3. E-commerce 8. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East and Africa Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Koninklijke DSM NV 16.2. Danone 16.3. Yotsuba Milk Products Co., Ltd. 16.4. Chobani, LLC 16.5. General Mills Inc. 16.6. Dairy Manufacturers, Inc. 16.7. Meadow Foods Limited 16.8. Nestle Health Science 16.9. Parmalat S.p.A 16.10. Arla Foods Ingredients Group P/S 17. Assumptions & Acronyms Used 18. Research Methodology
Explore Food and Beverage Insights
View Reports
Fermented Dairy Products Market
