According to Future Market Insights research, during the projected forecast period, the Probiotic Fermented Milk market is expected to grow at a CAGR of 3.7%. The market value projected to increase is from USD 394.1 Million in 2022 to USD 566.7 Million by 2032. The Probiotic Fermented Milk market was valued at USD 379.3 Million at the end of 2021 and is projected to exhibit Y-o-Y growth of 3.9% in 2022.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | USD 394.1 Million |
| Market Forecast Value in 2032 | USD 566.7 Million |
| Global Growth Rate (2022 to 2032) | 3.7% CAGR |
| Forecast Period | 2022 to 2032 |
| USA market share of Probiotic Fermented Milk | 34.3% |
Active bacterial cultures are one of the most frequent sources of probiotics found in products made from fermented dairy. Specific strains of live bacteria with possible health benefits are present in probiotic fermented milk products. Consumers who are health conscious are becoming more and more familiar with the probiotic health advantages of fermented milk.
Probiotic fermented milk products enhance gut health and the body's immunity while also sustaining a person's general health. Probiotic fermented milk products are made up of lactic acid bacteria such as Bifidobacterium, Lactobacillus acidophilus, and Lactobacillus casei as well as other common probiotics.
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In the Historical outlook of the Probiotic Fermented Milk market, the value increased from USD 325.5 Million in 2017 to USD 379.3 Million in 2021. The CAGR (2017 to 2021) is observed to be 3.9%.
Probiotic fermented milk is becoming more and more popular in cosmetics, dairy goods, and beverages, which is what is fueling the market for it. One of the key market-driving factors is the growing consumer awareness that using probiotic fermented milk-based products in daily life helps to improve the nutritious content of the meal.
One of the major factors propelling the global market for probiotic fermented milk is the rising demand for the product in the cosmetics industry. These probiotic fermented milk products have a variety of flavorings and taste enhancers added to them, which makes them appealing to kids and boosts the probiotic fermented milk industry globally. Consequently, over the course of the projected period, a significant amount of growth is anticipated in the global probiotic fermented milk market.
For the Future projection of Probiotic Fermented Milk market, the value increased from USD 394.1 Million in 2022 to USD 566.7 Million in 2032. The CAGR (2022 to 2032) is estimated to be 3.7%.
The rising awareness among consumers about the health benefits of probiotics is one of the key factors driving the growth of the market. In addition, the growing demand for functional and value-added dairy products, along with the increasing number of health-conscious consumers, is some of the other factors driving the market growth.
USA. contributes 34.3% of the total revenue for the Probiotic Fermented Milk Market.
The growing preference for probiotic foods and beverages, rising health consciousness among consumers, and the growing popularity of fermented milk are the major factors driving the growth of the Europe Probiotic Fermented Milk market. However, the high cost of probiotic products is restraining the market growth.
Germany contributes 24.9% to the Probiotic Fermented Milk market and the United Kingdom. CAGR for the forecast period is 4.2%.
The Asia Pacific region is one of the fastest-growing markets for probiotic fermented milk products. The main drivers of this growth are the increasing health consciousness of consumers and the rising disposable incomes in the region.
Japan's contribution to the Probiotic Fermented Milk market is 7.9% of the total market share, India and China are market drivers in the Asia Pacific and their latest CAGR in the Probiotic Fermented Milk market are 4.6% and 3.8% respectively.
The Probiotic Fermented Milk market in Latin America is growing rapidly. The demand for probiotic products is increasing due to the rising awareness of the benefits of probiotics among consumers. Probiotic products are available in various forms such as yogurts, cheeses, and fermented milk.
In Latin America, the yogurt market is the largest probiotic product category. The demand for yogurt is driven by the health benefits associated with probiotics. Yogurt is a rich source of calcium, protein, and vitamins which makes it a healthy food choice.
The cheese market in Latin America is also growing at a rapid pace. The demand for cheese is driven by the fact that it is a rich source of protein and calcium. Cheese also contains live bacteria that are beneficial for gut health.
The Middle East and Africa(MEA) & RoW are responding to the Probiotic Fermented Milk market by investing in research and development, as well as expanding their production facilities. This is in order to meet the growing demand for probiotic-rich products.
In addition to this, the Middle East and Africa(MEA) & RoW are also working on educating consumers about the benefits of probiotics, in order to increase awareness and encourage more people to purchase these products.
From the Oceania region, Australia is contributing 2.9% of the total revenue of the Probiotic Fermented Milk market.
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Kefir milk, a probiotic fermented milk product manufactured with kefir grains, is becoming more and more popular among health-conscious consumers, which in turn is driving up demand for probiotic fermented milk-based goods worldwide. Kefir milk has various health benefits.
There are many benefits to incorporating fermented milk into your diet. Fermented milk is a probiotic food, which means it contains live microorganisms that can improve your gut health. Probiotic foods have been shown to reduce inflammation, boost immunity, and improve digestion.
Fermented milk is also a good source of calcium and vitamin D, which are essential for bone health. Plus, the fermentation process makes it easier for your body to absorb these nutrients. Fermented milk is also a good source of protein and can help you feel full after eating.
As the popularity of probiotic fermented milk products continues to grow, so does the demand for these products through various sales channels. Probiotic fermented milk products are now available for purchase through online retailers, grocery stores, and even some gas stations and convenience stores. With such a wide variety of sales channels now available, it can be difficult to know where to purchase these products.
In the probiotic fermented milk market, Danone holds the leading position, followed by Fonterra and Nestle. The competitive landscape of the market is moderately consolidated with the top three players accounting for a major share. The presence of a large number of local players in different regions is one of the key characteristics of this market.
The competitive environment in the probiotic fermented milk market is expected to intensify in the coming years with the entry of new players and the expansion of existing ones into new geographical regions. Innovation is expected to be a key element in winning market share in this highly competitive environment.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Segments Covered |
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| Key Companies Profiled |
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| Report Coverage | Drivers, Restraints, Opportunities and Threats Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Probiotic Fermented Milk market will reach a valuation of USD 394.1 Million by the end of 2022.
The USA. Probiotic Fermented Milk Market is contributing 34.3% of the total market share which is valued at around USD 135.2 Million.
USA, Canada, Mexico, Argentina, Brazil, Germany, United Kingdom, France, Italy, Russia, Spain China, Japan, India, and Australia are the major countries driving demand for Probiotic Fermented Milk Market.
The Germany Probiotic Fermented Milk Market is contributing 24.9% of the total market share which is valued at USD 98.1 Million.
• Nestlé S.A. • Danone • FrieslandCampina • Valio Ltd. • Lifeway Foods, Inc. Above are the top 5 market players in the Probiotic Fermented Milk industry.
The Japan Probiotic Fermented Milk market contribution is 7.9% of the total market share.
The India Probiotic Fermented Milk market will grow at 4.6% CAGR between 2022 and 2032.
The global Probiotic Fermented Milk market is forecasted to surpass USD 566.7 Million by the end of 2032.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Analysis and Forecast 6.1. Product Type 6.2. Application 6.3. Sales Channel 7. Global Analysis and Forecast, By Product Type 7.1. Cheese 7.2. Kefir 7.3. Yogurt 7.4. Others 8. Global Analysis and Forecast, By Application 8.1. Cosmetics 8.2. Dairy 8.3. Beverage Industry 9. Global Analysis and Forecast, By Sales Channel 9.1. Online 9.2. Offline 10. Global Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. Asia Pacific 10.5. Middle East and Africa (MEA) 10.6. RoW 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. Middle East and Africa (MEA) Sales Analysis and Forecast, by Key Segments and Countries 16. RoW Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Product Type, Application, and Sales Channel for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Nestlé S.A. 19.2. Danone 19.3. FrieslandCampina 19.4. Valio Ltd. 19.5. Lifeway Foods, Inc. 19.6. Danisco A/S 19.7. Bio-K Plus International Inc. 19.8. Morinaga Milk Industry Co., Ltd. 19.9. General Mills, Inc. 19.10. Mother Dairy Fruit & Vegetable Pvt Ltd
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