Market Overview:
The global fermented milk market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for probiotic-rich foods and rising awareness about the health benefits of fermented milk products. In terms of type, viscous fermented milk is expected to lead the market during the forecast period, followed by fluid and others.
Product Definition:
Fermented milk is a dairy product that has been produced by bacterial fermentation of milk. The bacteria convert the lactose in milk to lactic acid, which thickens the milk and gives it a sour taste. Fermented milk products include yogurt, kefir, and sour cream.
Viscous:
Viscous is a colloidal suspension of solid particles, usually larger than 5 microns. It has high surface area and low volume which increases its viscosity henceforth it is called viscous. Viscosity can be measured in various ways such as by the rate of streaming (shear rate), by the thickness of a liquid (viscosity index), or by the amount of force needed to spread a given weight in said liquid (Dynamic Viscosity).
Fluid:
Fluid is a substance that remains in a liquid state at room temperature. It can be natural or artificial (synthetic). The most common types of fluids used in the dairy industry are milk, cream, butter and cheese.
Milk fluid is produced by separating milk solids from liquids through centrifugation or ultra-centrifugation methods.
Application Insights:
Super/hyper stores accounted for the largest share of over 30.0% in 2017. The growth can be attributed to the increasing number of hypermarkets and supermarkets across developing countries such as India, China, Thailand and Indonesia. These retail stores offer a wide range of products including dairy products, fruits & vegetables along with convenience services which has boosted product demand in this segment.
The department store segment is expected to expand at the fastest CAGR during the forecast period owing to an increase in luxury spending among high-income class consumers globally. Department stores have been witnessing a steady rise in demand for various fermented milk based foods due to their rising popularity as functional food across various cooking styles especially European countries like Germany, France and Italy where they are used traditionally for cheese making purposes or adding it into salads or omelets just before serving them along with bread slices on request from customers who specially prefer these dishes over others owing to personal preferences only known only by themselfs hahaa (sorry).
Regional Analysis:
Europe accounted for the largest share of more than 35.0% in 2017 owing to high demand from countries, such as Germany, U.K., and France among others. The application segment is expected to dominate the market over the forecast period due to increasing demand from online and grocery stores in Europe.
Growth Factors:
- Increasing demand for probiotic food and beverages: The global fermented milk market is expected to grow at a CAGR of 6.5% from 2016 to 2021, owing to the increasing demand for probiotic food and beverages. Probiotics are live microorganisms that offer health benefits when consumed in adequate amounts. Fermented milk products are rich in probiotics, which makes them a popular choice among consumers looking for healthy alternatives to conventional dairy products.
- Rising awareness about the health benefits of fermented milk: There is a growing awareness among consumers about the health benefits of consuming fermented milk products. This has led to an increase in demand for such products, especially in developed countries where people are increasingly becoming conscious about their diet and overall well-being.
- Growing popularity of yogurt: Yogurt is one of the most popular types of fermented milk product and its popularity continues to grow with each passing year. This can be attributed to its numerous health benefits as well as its great taste and versatility when it comes to using it in recipes both sweet and savory alike . As more people become aware of these benefits, they are likely to start including yogurt into their diets more often, thereby driving growth in the global fermented milk market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Fermented Milk Market Research Report
By Type
Viscous, Fluid, Others
By Application
Super/ Hyper Stores, Department Stores, Grocery, Online Store
By Companies
Danone, Nestle, General Mills, Lifeway Foods, Valio, Morinaga Milk, Danone
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Fermented Milk Market Report Segments:
The global Fermented Milk market is segmented on the basis of:
Types
Viscous, Fluid, Others
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
Super/ Hyper Stores, Department Stores, Grocery, Online Store
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:
- Danone
- Nestle
- General Mills
- Lifeway Foods
- Valio
- Morinaga Milk
- Danone
Highlights of The Fermented Milk 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:
- Viscous
- Fluid
- Others
- By Application:
- Super/ Hyper Stores
- Department Stores
- Grocery
- Online Store
- 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 Milk 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 milk is a type of dairy product that has been preserved by the fermentation of lactose. This process creates lactic acid, which inhibits the growth of bacteria and preserves the milk.
Some of the major players in the fermented milk market are Danone, Nestle, General Mills, Lifeway Foods, Valio, Morinaga Milk, Danone.
The fermented milk market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fermented Milk 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 Milk Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fermented Milk 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 Milk 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 Milk Market Size & Forecast, 2020-2028
4.5.1 Fermented Milk Market Size and Y-o-Y Growth
4.5.2 Fermented Milk 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 Viscous
5.2.2 Fluid
5.2.3 Others
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 Super/ Hyper Stores
6.2.2 Department Stores
6.2.3 Grocery
6.2.4 Online Store
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fermented Milk 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 Milk 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 Viscous
9.6.2 Fluid
9.6.3 Others
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 Super/ Hyper Stores
9.10.2 Department Stores
9.10.3 Grocery
9.10.4 Online Store
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 Viscous
10.6.2 Fluid
10.6.3 Others
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 Super/ Hyper Stores
10.10.2 Department Stores
10.10.3 Grocery
10.10.4 Online Store
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 Viscous
11.6.2 Fluid
11.6.3 Others
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 Super/ Hyper Stores
11.10.2 Department Stores
11.10.3 Grocery
11.10.4 Online Store
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 Viscous
12.6.2 Fluid
12.6.3 Others
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 Super/ Hyper Stores
12.10.2 Department Stores
12.10.3 Grocery
12.10.4 Online Store
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 Viscous
13.6.2 Fluid
13.6.3 Others
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 Super/ Hyper Stores
13.10.2 Department Stores
13.10.3 Grocery
13.10.4 Online Store
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 Milk Market: Competitive Dashboard
14.2 Global Fermented Milk Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Danone
14.3.2 Nestle
14.3.3 General Mills
14.3.4 Lifeway Foods
14.3.5 Valio
14.3.6 Morinaga Milk
14.3.7 Danone
