The Global Fortified Dairy Products Market size was assessed at US$ 109,485 million in 2032 and was anticipated to reach US$ 223,441 million in 2032, at a CAGR of 6.7%, according to Future Market Insights (FMI).
Dairy product sales are expected to expand as the idea of fortifying dairy products spreads around the world. Because fortified dairy products are much more expensive than non-fortified dairy products, they will most likely be used in a limited number of situations.
Dairy products contain vitamin D, which aids in the maintenance of blood calcium levels and calcium absorption. Yoghurt is becoming more popular among dieters as a low-calorie alternative to calorie-dense dairy items like ice cream and milkshakes. Yoghurt sales have increased as the product has become more fortified.
Producers are focusing their efforts on boosting the use of fortified procedures in dairy products such as yoghurt and cheese. As a result, sales of fortified dairy products will increase, increasing market growth 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.
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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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Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
About Future Market Insights (FMI)
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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