Industry Background:
Fortified milk ad milk products include milk powder and formula, flavored milk, cheese, dairy-based yogurt, shakes, etc, fortified milk and milk products are prodcued using different processing methods and contain extra vitamins and minerals which are not naturally found in the milk. These products are rich in vitamin A and D good for preventing nutrient deficiencies, boosts the healthy development of the bone mass and strength.
According to AMA Research, the market for Fortified Milk and Milk Products is expected to register a CAGR of 6.7% during the forecast period to 2030. This growth is primarily driven by Growing Need for the Vitamins A and D to Help Prevent Nutrient Deficiencies
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Arla Foods (United Kingdom), Dean Foods (United States), Fonterra Co-operative Group Limited (New Zealand), FrieslandCampina (Netherlands), Nestle S.A. (Switzerland), BASF Nutrition & Health (United States), Danone S.A. (France) and Lactalis (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2023, Danone partnered with DSM, a life sciences company, to develop new nutritional solutions for infant formula, which can be considered a fortified milk product. This aims to enhance infant formula with advanced nutrient combinations and address specific health concerns.
In November 2023, Stonyfield launched Organic Kids Smoothies + Probiotics, a line of fortified yogurt smoothies for children. This combines milk protein with probiotics for added benefit.The competitive landscape for fortified milk and milk products is dynamic and evolving. Players need to adapt to changing consumer preferences, innovate their offerings, and leverage effective marketing strategies to secure a strong position in this promising market.
Regulatory Insights:
"FSSAI has laid down guidelines for how terms will be used as per the definitions given in the regulations. In the same way, guidelines have been outlined in detail about Use of the names of milk products in food standards, Use of terms for reconstituted and recombined milk and milk products, Use of dairy terms for composite milk products, Use of dairy terms for other foods. The revised standards have provisions for adding micronutrients, probiotics, prebiotics, and enzymes to dairy products. and Addition of Essential Nutrients: Milk and milk products may be enriched/ fortified with essential nutrients such as vitamins, minerals, etc., as specified in these regulations including labeling requirements."
Influencing Trend:
Introduction of Drinkable Shakes, Yogurt, and Flavored Fortified Milk Products
Market Growth Drivers:
Growing Need for the Vitamins A and D to Help Prevent Nutrient Deficiencies and Demand for the Dairy Products for the Improved Bones Mass and strength Among Children
Challenges:
Allery Related Risks Associated with Fortified Milk and Milk Products to Lactose Intolerant People
Restraints:
Stringent Regulatory Guidelines with Fortified Milk and Milk Products
Opportunities:
Rising Online Availability of Fortified Milk and Milk Products and Advances in the Packaging Size and Labeling of the Fortified Milk and Milk Products
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Fortified Milk and Milk Products Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Fortified Milk and Milk Products Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Fortified Milk and Milk Products players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Fortified Milk and Milk Products Study Sheds Light on
The Fortified Milk and Milk Products Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Fortified Milk and Milk Products industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fortified Milk and Milk Products industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.