Fermented Milk Products Market Demand, Application, COVID-19 Analysis, Share, Forecast 2023
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 report. 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 COVID-19 analysis on fermented
milk products market 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 growth.
The key players profiled in fermented milk
products industry 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 analysis 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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