Market Overview:
The global fermented dairy ingredients market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for healthy and nutritious food products, rising awareness about the health benefits of fermented dairy ingredients, and growing trend of snacking among consumers. On the basis of type, cheese is expected to account for the largest share in the global fermented dairy ingredients market in 2018. This can be attributed to its high nutritional value and wide range of applications in bakery products, desserts, snacks, etc. Flavoured milk is projected to be the fastest-growing segment during the forecast period owing to its increasing popularity among consumers as a healthy beverage option. On the basis of application, bakery accounted for majority share in 2017 and is projected to maintain its dominance duringthe forecast period dueto rising demand from emerging economies such as India and China .
Product Definition:
Fermented dairy ingredients are products that have been created through the process of fermentation. This process involves the use of microorganisms, such as bacteria and yeast, to break down the carbohydrates in milk into lactic acid. The lactic acid then causes the milk to sour and thicken, resulting in a product that is high in probiotics and enzymes. Fermented dairy ingredients are important because they provide a number of health benefits, including improved gut health, enhanced digestion, and increased nutrient absorption. Additionally, fermented dairy ingredients are known for their ability to boost the immune system and support overall wellness.
Cheese:
Cheese is a food product made by curdling milk. The process can be done manually using rennet or chemically using coagulants and cheesemakers. There are over 400 different types of cheese, which are produced in numerous countries across the globe. Some of the popular types include American style cheese, blue cheese, Camembert, cream cheese and mozzarella among others.
Flavoured Milk:
Flavoured milk is a dairy product that contains one or more natural or artificial flavoring agents. It can be produced from whole, 2% and low-fat milk. Artificial flavoring agents include sweeteners, emulsifiers and additives such as colors and vitamins. Flavored milk can be consumed directly as fresh drink or used in various food products for making them taste better.
Application Insights:
Fermented dairy ingredients are majorly used in the production of dairy products such as cheese, yogurt, kefir and sour cream. Snacks accounted for a significant share in the global market owing to rising demand for probiotic-based snacks. The application segment is sub-divided into bakery, dairy and snacks on the basis of common usage.
The others application segment includes beverages such as alcoholic drinks like wine and beer that contain live active cultures. These ingredients contribute to better texture & taste of final product along with health benefits associated with them which is likely to propel their demand over the forecast period.
Regional Analysis:
Europe accounted for the largest share of over 35.0% in 2017 owing to high demand from the food processing industry. The regional market is driven by factors such as growing consumption of dairy products, changing lifestyles, and increasing health concerns among consumers. Europe has been witnessing a significant increase in cheese sales which is further fueling growth across this region.
Asia Pacific emerged as the fastest-growing region with a CAGR of XX% from 2018 to 2030 owing to rising consumer awareness regarding fermented dairy ingredients and their benefits along with increasing health consciousness among people in countries like China and India due to large aging population there (35+ years).
Growth Factors:
- Increasing demand for probiotic-rich food and beverages: The global fermented dairy ingredients market is expected to grow at a CAGR of 6.5% from 2016 to 2021, owing to the increasing demand for probiotic-rich food and beverages. Probiotics are live microorganisms that offer health benefits when consumed in adequate amounts. Fermented dairy ingredients are rich in probiotics, which makes them an ideal ingredient for functional foods and beverages.
- Rising awareness about the health benefits of fermented dairy products: There is a growing awareness among consumers about the health benefits of consuming fermented dairy products such as yogurt, kefir, and cheese. This has led to an increase in the demand for these products, thereby driving the growth of the global fermented dairy ingredients market.
- Growing popularity of veganism and vegetarianism: The popularity of veganism and vegetarianism is rising across the globe due to various health concerns such as obesity, heart disease, cancer, etc., Fermented diary ingredients are not suitable for vegans or vegetarians as they contain animal-based proteins; however, there are many plant-based alternatives available in this segment that are witnessing high growth rates globally owing to their nutritional value and taste appeal.. This is expected to drivethe growthoftheglobalfermenteddairyingredientsmarketin thenear future .
Scope Of The Report
Report Attributes
Report Details
Report Title
Fermented Dairy Ingredients Market Research Report
By Type
Cheese, Flavoured Milk, Yogurt
By Application
Bakery, Dairy, Snacks, Others
By Companies
Koninklijke, du Pont, Chr. Hansen, Cargill, Bioprox, Novozymes, Kerry, Archer Daniels Midland, Ingredion, Arla Foods Ingredients, Koninklijke, DairyChem, CSK Food, CP Ingredients
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Fermented Dairy Ingredients Market Report Segments:
The global Fermented Dairy Ingredients market is segmented on the basis of:
Types
Cheese, Flavoured Milk, Yogurt
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bakery, Dairy, Snacks, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Koninklijke
- du Pont
- Chr. Hansen
- Cargill
- Bioprox
- Novozymes
- Kerry
- Archer Daniels Midland
- Ingredion
- Arla Foods Ingredients
- Koninklijke
- DairyChem
- CSK Food
- CP Ingredients
Highlights of The Fermented Dairy Ingredients Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cheese
- Flavoured Milk
- Yogurt
- By Application:
- Bakery
- Dairy
- Snacks
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fermented Dairy Ingredients Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fermented dairy ingredients are milk, cream, cheese, yogurt and kefir that have been cultured with bacteria or yeast. The fermentation process helps to increase the flavor and nutrients in these foods.
Some of the major companies in the fermented dairy ingredients market are Koninklijke, du Pont, Chr. Hansen, Cargill, Bioprox, Novozymes, Kerry, Archer Daniels Midland, Ingredion, Arla Foods Ingredients, Koninklijke, DairyChem, CSK Food, CP Ingredients.
The fermented dairy ingredients market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fermented Dairy Ingredients Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Fermented Dairy Ingredients Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Fermented Dairy Ingredients Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Fermented Dairy Ingredients Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Fermented Dairy Ingredients Market Size & Forecast, 2020-2028 4.5.1 Fermented Dairy Ingredients Market Size and Y-o-Y Growth 4.5.2 Fermented Dairy Ingredients Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cheese
5.2.2 Flavoured Milk
5.2.3 Yogurt
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Bakery
6.2.2 Dairy
6.2.3 Snacks
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fermented Dairy Ingredients Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fermented Dairy Ingredients Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cheese
9.6.2 Flavoured Milk
9.6.3 Yogurt
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Bakery
9.10.2 Dairy
9.10.3 Snacks
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cheese
10.6.2 Flavoured Milk
10.6.3 Yogurt
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Bakery
10.10.2 Dairy
10.10.3 Snacks
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cheese
11.6.2 Flavoured Milk
11.6.3 Yogurt
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Bakery
11.10.2 Dairy
11.10.3 Snacks
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cheese
12.6.2 Flavoured Milk
12.6.3 Yogurt
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Bakery
12.10.2 Dairy
12.10.3 Snacks
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cheese
13.6.2 Flavoured Milk
13.6.3 Yogurt
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Bakery
13.10.2 Dairy
13.10.3 Snacks
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fermented Dairy Ingredients Market: Competitive Dashboard
14.2 Global Fermented Dairy Ingredients Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Koninklijke
14.3.2 du Pont
14.3.3 Chr. Hansen
14.3.4 Cargill
14.3.5 Bioprox
14.3.6 Novozymes
14.3.7 Kerry
14.3.8 Archer Daniels Midland
14.3.9 Ingredion
14.3.10 Arla Foods Ingredients
14.3.11 Koninklijke
14.3.12 DairyChem
14.3.13 CSK Food
14.3.14 CP Ingredients