Market Overview:
The global fortified dairy products market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about the benefits of fortified dairy products among consumers, rising disposable income, and growing demand for healthy and nutritious food products. The milk segment is expected to dominate the global fortified dairy products market in terms of revenue in 2018. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its high nutritional value and health benefits. The milk powder and formula segment is projected grow at a CAGR of 6% during the forecast period from 2018-2030 due its increasing demand for infant nutrition globally.
Product Definition:
A fortified dairy product is a food that has been enriched with vitamins and minerals, typically including vitamin D and calcium. Fortified dairy products are important for maintaining bone health, as they provide essential nutrients that are not always present in the average diet. Examples of fortified dairy products include milk, cheese, yogurt, and ice cream.
Milk:
Milk is a dairy product obtained from the lactation of cattle. It is one of the nutraceuticals, which has several benefits for human beings. Milk contains various growth factors such as hormones, immunoglobulins, cytokines and enzymes that help in maintaining cardiovascular health and also enhances immunity. The regular consumption of milk helps to reduce blood cholesterol levels and prevent heart diseases along with providing nourishment to growing children.
Milk Powder and Formula:
Milk powder and formula are the products prepared by the curdling of milk. It is used in making various types of dairy products such as cheese, butter, cream cheese, yogurt among others. The global fortified dairy market was valued at USD 75 billion in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2024. Growing population coupled with increasing per capita consumption will fuel demand for this industry over the forecast period.
Application Insights:
The commercial application segment held the largest share of more than 70.0% in 2017. The fortified dairy products are widely used by hospitals, restaurants, food chains and hotels among other commercial users as they provide nutritional benefits along with enhanced taste. Increasing demand for convenience foods is expected to be a key factor driving the growth of this segment over the forecast period.
Household application accounted for a significant share in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing to rising awareness about health & wellness among consumers across the globe including India, China, Indonesia Russia etcetera fortification has been done with cereals like Iron & Folic Acid Vitamins A&D which are generally added into breakfast cereals in developed countries such as U.S.
Regional Analysis:
Asia Pacific dominated the global fortified dairy products market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing consumption of fortification products by consumers, especially in emerging economies such as China and India. Increasing disposable income levels coupled with changing lifestyles are expected to be key factors driving demand for fortified dairy products over the forecast period.
Europe accounted for a major share of global revenue in 2017 due to high consumer awareness regarding health benefits associated with fortified foods coupled with rising product popularity among consumers seeking convenience food options that are easy to prepare and serve at home or while on-the-go. North America also held a substantial share of global revenue owing to growing demand from U.S., which was valued at USD X million in 2017 and is projected grow at an estimated CAGR of XX% from 2018 through 2030 ending up being one of the fastest growing regional markets during same period along with Asia Pacific and Latin America regions).
Growth Factors:
- Increasing awareness about the health benefits of fortified dairy products is driving the growth of this market.
- The growing demand for healthy and nutritious food products is another major growth driver for this market.
- The increasing popularity of functional foods is also propelling the growth of the fortified dairy products market.
- Rising disposable incomes in developing countries are enabling consumers to purchase premium-priced fortified dairy products.
- Growing urbanization and changing lifestyles are leading to an increase in demand for convenience foods, which is benefiting the fortified dairy products market
Scope Of The Report
Report Attributes
Report Details
Report Title
Fortified Dairy Products Market Research Report
By Type
Milk, Milk Powder and Formula, Flavored Milk, Cheese, Dairy Based Yogurt, Others
By Application
Commercial, Household, Others
By Companies
Nestle, BASF, General Mills, Danone, Bright Dairy & Food, China Modern Dairy, Arla, GCMMF, Dean Foods, Fonterra, Nestle
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
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Fortified Dairy Products Market Report Segments:
The global Fortified Dairy Products market is segmented on the basis of:
Types
Milk, Milk Powder and Formula, Flavored Milk, Cheese, Dairy Based Yogurt, 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
Commercial, Household, 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:
- Nestle
- BASF
- General Mills
- Danone, Bright Dairy & Food
- China Modern Dairy
- Arla
- GCMMF
- Dean Foods
- Fonterra
- Nestle
Highlights of The Fortified Dairy Products 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:
- Milk
- Milk Powder and Formula
- Flavored Milk
- Cheese
- Dairy Based Yogurt
- Others
- By Application:
- Commercial
- Household
- 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 Fortified Dairy Products 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?
Fortified dairy products are those that have been fortified with vitamins, minerals, and other nutrients to make them more nutritious.
Some of the key players operating in the fortified dairy products market are Nestle, BASF, General Mills, Danone, Bright Dairy & Food, China Modern Dairy, Arla, GCMMF, Dean Foods, Fonterra, Nestle.
The fortified dairy products 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 Fortified Dairy Products 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 Fortified Dairy Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fortified Dairy Products 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 Fortified Dairy Products 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 Fortified Dairy Products Market Size & Forecast, 2020-2028
4.5.1 Fortified Dairy Products Market Size and Y-o-Y Growth
4.5.2 Fortified Dairy Products 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 Milk
5.2.2 Milk Powder and Formula
5.2.3 Flavored Milk
5.2.4 Cheese
5.2.5 Dairy Based Yogurt
5.2.6 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 Commercial
6.2.2 Household
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fortified Dairy Products 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 Fortified Dairy Products 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 Milk
9.6.2 Milk Powder and Formula
9.6.3 Flavored Milk
9.6.4 Cheese
9.6.5 Dairy Based Yogurt
9.6.6 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 Commercial
9.10.2 Household
9.10.3 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 Milk
10.6.2 Milk Powder and Formula
10.6.3 Flavored Milk
10.6.4 Cheese
10.6.5 Dairy Based Yogurt
10.6.6 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 Commercial
10.10.2 Household
10.10.3 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 Milk
11.6.2 Milk Powder and Formula
11.6.3 Flavored Milk
11.6.4 Cheese
11.6.5 Dairy Based Yogurt
11.6.6 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 Commercial
11.10.2 Household
11.10.3 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 Milk
12.6.2 Milk Powder and Formula
12.6.3 Flavored Milk
12.6.4 Cheese
12.6.5 Dairy Based Yogurt
12.6.6 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 Commercial
12.10.2 Household
12.10.3 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 Milk
13.6.2 Milk Powder and Formula
13.6.3 Flavored Milk
13.6.4 Cheese
13.6.5 Dairy Based Yogurt
13.6.6 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 Commercial
13.10.2 Household
13.10.3 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 Fortified Dairy Products Market: Competitive Dashboard
14.2 Global Fortified Dairy Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nestle
14.3.2 BASF
14.3.3 General Mills
14.3.4 Danone, Bright Dairy & Food
14.3.5 China Modern Dairy
14.3.6 Arla
14.3.7 GCMMF
14.3.8 Dean Foods
14.3.9 Fonterra
14.3.10 Nestle
