The global fermented dairy products market is expected to accumulate US$ 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 US$ 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) | US$ 4,920.5 Million |
| Global Fermented Dairy Products Market (2032) | US$ 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.
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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.
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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 | US$ 4,920.5 Million |
| Market Value in 2032 | US$ 11,125.2 Million |
| Base Year for Estimation | 2021 |
| Historical Period | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ 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 |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The global fermented dairy products market is likely to value at US$ 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 US$ 11,125.2 Million by 2032.
1. Executive Summary | Fermented Dairy Products Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2016 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2016 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis ByProduct Type, 2016 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product Type, 2022 to 2032
5.3.1. Yogurt
5.3.2. Kefir
5.3.3. Cheese
5.3.4. Sour Cream
5.3.5. Buttermilk
5.4. Y-o-Y Growth Trend Analysis ByProduct Type, 2016 to 2021
5.5. Absolute $ Opportunity Analysis ByProduct Type, 2022 to 2032
6. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Ingredients
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Ingredients, 2016 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Ingredients, 2022 to 2032
6.3.1. Culture
6.3.2. Enzymes
6.4. Y-o-Y Growth Trend Analysis By Ingredients, 2016 to 2021
6.5. Absolute $ Opportunity Analysis By Ingredients, 2022 to 2032
7. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Sales Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Sales Channel, 2016 to 2021
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Sales Channel, 2022 to 2032
7.3.1. Modern Trade
7.3.2. Convenience Stores
7.3.3. E-commerce
7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2016 to 2021
7.5. Absolute $ Opportunity Analysis By Sales Channel, 2022 to 2032
8. Global Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2016 to 2021
8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2022 to 2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. United States of America
9.2.1.2. Canada
9.2.2. ByProduct Type
9.2.3. By Ingredients
9.2.4. By Sales Channel
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. ByProduct Type
9.3.3. By Ingredients
9.3.4. By Sales Channel
9.4. Key Takeaways
10. Latin America Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. ByProduct Type
10.2.3. By Ingredients
10.2.4. By Sales Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. ByProduct Type
10.3.3. By Ingredients
10.3.4. By Sales Channel
10.4. Key Takeaways
11. Europe Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. ByProduct Type
11.2.3. By Ingredients
11.2.4. By Sales Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. ByProduct Type
11.3.3. By Ingredients
11.3.4. By Sales Channel
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Malaysia
12.2.1.5. Singapore
12.2.1.6. Australia
12.2.1.7. New Zealand
12.2.1.8. Rest of Asia-Pacific
12.2.2. ByProduct Type
12.2.3. By Ingredients
12.2.4. By Sales Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. ByProduct Type
12.3.3. By Ingredients
12.3.4. By Sales Channel
12.4. Key Takeaways
13. Middle East and Africa Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2016 to 2021
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of Middle East and Africa
13.2.2. ByProduct Type
13.2.3. By Ingredients
13.2.4. By Sales Channel
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. ByProduct Type
13.3.3. By Ingredients
13.3.4. By Sales Channel
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. United States of America
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2021
14.1.2.1. ByProduct Type
14.1.2.2. By Ingredients
14.1.2.3. By Sales Channel
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2021
14.2.2.1. ByProduct Type
14.2.2.2. By Ingredients
14.2.2.3. By Sales Channel
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2021
14.3.2.1. ByProduct Type
14.3.2.2. By Ingredients
14.3.2.3. By Sales Channel
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2021
14.4.2.1. ByProduct Type
14.4.2.2. By Ingredients
14.4.2.3. By Sales Channel
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2021
14.5.2.1. ByProduct Type
14.5.2.2. By Ingredients
14.5.2.3. By Sales Channel
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2021
14.6.2.1. ByProduct Type
14.6.2.2. By Ingredients
14.6.2.3. By Sales Channel
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2021
14.7.2.1. ByProduct Type
14.7.2.2. By Ingredients
14.7.2.3. By Sales Channel
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2021
14.8.2.1. ByProduct Type
14.8.2.2. By Ingredients
14.8.2.3. By Sales Channel
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2021
14.9.2.1. ByProduct Type
14.9.2.2. By Ingredients
14.9.2.3. By Sales Channel
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2021
14.10.2.1. ByProduct Type
14.10.2.2. By Ingredients
14.10.2.3. By Sales Channel
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2021
14.11.2.1. ByProduct Type
14.11.2.2. By Ingredients
14.11.2.3. By Sales Channel
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2021
14.12.2.1. ByProduct Type
14.12.2.2. By Ingredients
14.12.2.3. By Sales Channel
14.13. Malaysia
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2021
14.13.2.1. ByProduct Type
14.13.2.2. By Ingredients
14.13.2.3. By Sales Channel
14.14. Singapore
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2021
14.14.2.1. ByProduct Type
14.14.2.2. By Ingredients
14.14.2.3. By Sales Channel
14.15. Australia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2021
14.15.2.1. ByProduct Type
14.15.2.2. By Ingredients
14.15.2.3. By Sales Channel
14.16. New Zealand
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2021
14.16.2.1. ByProduct Type
14.16.2.2. By Ingredients
14.16.2.3. By Sales Channel
14.17. GCC Countries
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2021
14.17.2.1. ByProduct Type
14.17.2.2. By Ingredients
14.17.2.3. By Sales Channel
14.18. South Africa
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2021
14.18.2.1. ByProduct Type
14.18.2.2. By Ingredients
14.18.2.3. By Sales Channel
14.19. Israel
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2021
14.19.2.1. ByProduct Type
14.19.2.2. By Ingredients
14.19.2.3. By Sales Channel
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. ByProduct Type
15.3.3. By Ingredients
15.3.4. By Sales Channel
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Koninklijke DSM NV
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Danone
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Yotsuba Milk Products Co., Ltd.
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Chobani, LLC
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. General Mills Inc.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Dairy Manufacturers, Inc.
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Meadow Foods Limited
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Nestle Health Science
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Parmalat S.p.A
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Arla Foods Ingredients Group P/S
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Fermented Dairy Products Market
