About Fermented Dairy Products
Fermented Dairy Products are those which are produced using enzymes or certain bacteria such as Lactobacillus to bring chemical changes in organic substrates or in simple language they are made by application of fermentation process on milk with help of certain harmless or good bacteria. Such Fermented Dairy Products are source of prebiotics, probiotics and bioactive compounds. The cultures of bacteria change with different types of fermented dairy products. The market of Fermented Dairy Markets is expected to grow with increasing investment and innovation in processed dairy market. Change in dietary habits and change in life style of people is also amounting to increased demand for fermented dairy products. Geographically, North America currently dominated the Fermented Dairy Products market, because of increased obesity consciousness people are shifting from meat products to dairy based products in North America. Asia Pacific has huge potential with one of the highest milk production in world, Asia Pacific is home to multiple emerging economies, thus the companies should capitalise on the region.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.9% |
The competitive landscape for Fermented Dairy Products is full of opportunities and challenges. As the technology advances and its applications in defense become more widespread, it's crucial to address ethical concerns, ensure data security, and establish appropriate regulatory frameworks. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Danone SA (France), Amul (India), Dean Foods (United States), Arla Foods Amba (Denmark), The Kraft Heinz Company (United States), Lactalis Group (France), Fonterra (New Zealand), Yili Group (China), Parmalat S.p.A. (Italy) and Saputo Inc. (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Royal FrieslandCampina N.V. (Netherlands), Nestlé S.A. (Switzerland) and Mengniu Dairy (China).
Segmentation Overview
AMA Research has segmented the market of Global Fermented Dairy Products market by Type (Cheese, Yogurt, Curd, Butter Milk and Others), Application (Increasing Disposable Income with Middle Income Households, Rising Production and Investment of Dairy Industry and Vast Network of Dairy Distributers and Growth of E-Commerce Stores) and Region.
On the basis of geography, the market of Fermented Dairy Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Store Based will boost the Fermented Dairy Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Pouches will boost the Fermented Dairy Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Food and Beverage Industry will boost the Fermented Dairy Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Competition from Vegan Based Dairy Free Products
Market Growth Drivers:
Demand for Flavoured and Fruit Based Fermented Dairy Products
Challenges:
Presence of Adulterated Products in the Market
Restraints:
Increase in Lactose Intolerant People and Cardiovascular Diseases Associated with Dairy Products
Opportunities:
Rising Popularity of Fitness and Gym Culture Presents an Opportunity for Dairy Products Manufacturers
Market Leaders and their expansionary development strategies
In February 2022, Danone, a leading multinational food company, announced a partnership with Chr. Hansen, a Danish biotechnology company specializing in cultures and enzymes, to develop innovative solutions for plant-based yogurts. This partnership aimed to leverage Chr. Hansen's expertise in fermentation and Danone's dairy knowledge to create new plant-based yogurt options with improved taste and texture
In July 2022, Beyond Meat, a company known for its plant-based meat alternatives, launched its "B!YOND Yogurt Alternative" in the US market. This product aimed to offer a dairy-free yogurt option with a similar taste and texture to traditional yogurt.
Key Target Audience
Fermented Dairy Products Manufacturers, Suppliers and Distributers, Milk Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, End-Use Industries, Govt. Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.