The global soluble fibre market is expected to be worth $2.4 billion in 2023. According to Future Market Insights (FMI), the soluble fibre market is estimated to exceed US$ 5.4 billion during the next decade. The market is expected to grow at an 8.2% CAGR between 2023 and 2033.
Fortifying dairy products is becoming increasingly popular around the world, and sales are expected to rise as a result. Because fortified dairy products are much more expensive than non-fortified dairy products, they will most likely be employed in a limited number of instances.
Furthermore, when dairy products are supplemented with vitamin D, calcium absorption and blood calcium levels are maintained. Yoghurt is becoming popular among weight-conscious consumers as a low-calorie option for calorie-dense dairy products such as ice cream and milkshakes. Yoghurt sales have surged as fortification of the product has become more common.
Producers are focusing on boosting the use of fortified procedures in a number of dairy products, including yoghurt and cheese. As a result, sales of fortified dairy products will increase, driving market expansion over the forecast period.
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Key Takeaways from Market Study
- North America lead the Fortified Dairy Products Market, with a 45 percent share.
- The worldwide Fortified Dairy Products market is predicted to grow rapidly in Asia Pacific excluding Japan (APEJ) due to increased demand for healthier foods..
- During the forecast period of 2022-2032, the flavoured milk category is predicted to develop at the fastest rate in terms of value, with a CAGR of x.x %.
- During the forecast period of 2022-2032, the mineral segment is predicted to develop at the fastest rate in terms of value, with a CAGR of 7.3 %.
- Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.
“The Fortified Dairy Products Market is being propelled by increasing technological innovation, which promotes the production of dairy products that are favourable to one’s health.”, –says a lead analyst at Future Market Insights.
Competitive Landscape
Fortified Dairy Products have a strongly competitive global market. The Fortified Dairy Products Market is going forward as producers focus on developing a variety of baked items that will enhance customer demand.
Some of the leading companies offering Fortified Dairy Products are Arla Foods UK Plc, Nestlé S.A., BASF SE, General Mills, Inc., Danone, Dean Foods Company, Bright Dairy & Food Co., Ltd., China Modern Dairy Holdings Ltd, GCMMF Ltd., and Fonterra Group Cooperative Limited.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Fortified Dairy Products presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
Product Type :
- Milk
- Milk Powder and Formula
- Flavored Milk
- Cheese
- Dairy Based Yogurt
- Other Products
Micronutrients :
- Vitamins
- Minerals
- Other Fortifying Nutrients
Sales Channel :
- Modern Trade
- Convenience Stores
- Departmental Stores
- Drug Stores
- Online Stores
- Other Sales Channel
Region :
- North America
- Latin America
- Europe
- Japan
- Asia Pacific Excluding Japan – APEJ
- Middle East and Africa -MEA
The report covers exhaustive analysis on:
- How much is the Fortified Dairy Products market current worth?
- At what CAGR is the market expected to grow?
- How was the performance in the last five years?
- What is boosting Fortified Dairy Products sales?
- How are market players reacting to the new developments in the market?
- How much share does the top 5 companies hold?
- Which are the major countries driving demand for Fortified Dairy Products?
- Who are the major players in Fortified Dairy Products Market?
- What outlook does APEJ provide?
- At what rate will the U.S. Fortified Dairy Products market grow?
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How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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