Global Fermented Milk Products Market Analysis,Growth and Share 2024
Fermented Milk Products Market – Overview
Owing to many health advantages associated to fermented milk products, the market is growing at an exponential pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report “Global Fermented Milk Products Market Research Report- Forecast to 2023” that the market will demonstrate an exceptional CAGR % while achieving good growth rapidly in the forecast period.
Furthermore, convenient incorporation of these products to gain various health benefits is also one of the main drivers in the development of fermented milk products market. Growth of the functional food & beverages and nutraceuticals market has also provided an impulse for the increased demand of fermented milk products. Health factors like maintenance of gut health, enhanced body metabolism can be effectively addressed by including of fermented milk products into daily diet.
Health awareness and gut related disorders have prompted the growth of fermented milk products in the daily diet of individuals. Moreover, the sector is driven in a major way by the demand directed from the food & beverage and pharmaceutical sectors. Fermented milk products have also emerged as a potential functional food & beverage. Emergence in the fermented milk industry mainly, the probiotic & prebiotic ingredients with greater functional properties have created a new market edge. Improved focus on R&D and developments in the food flavors has supported the launch of new fermented milk products. There are strong prospects of fermented milk products use in the functional foods.
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Global Fermented Milk Products Market - Competitive Analysis
Key manufacturers are focusing on expansion of their product line by adding value additions to their existing products. With the increasing acceptance of fermented milk products market overview among consumer, the market will see significant growth in next few years. Also, key players in the fermented milk products market are involved in introducing new products, backed by sustained efforts in R&D. End-use segments including functional beverages, and functional food for gut health with various formulations in fermented milk products is a major factor that is fueling the growth of global fermented milk products market.
The key players profiled in fermented milk products market share report are Danone (France), Nestle (Switzerland), General Mills Inc. (U.S.), Lifeway Foods, Inc. (U.S.), Valio Ltd. (Finland), Mother Dairy Fruit & Vegetable Pvt. Ltd. (India), and Morinaga Milk Industry Co., Ltd (Japan) among many others.
Fermented Milk Products Market – Segments
The global fermented milk products market has been divided into type, distribution channel, and region.
On the Basis of Type: Soured milk, Soured cream, Cheese, Yogurt, Kefir, and Others
On the Basis of Distribution Channel: Store Based and Non-store Based
On the Basis of Region: North America, Europe, Asia Pacific, and ROW
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