The Global Fortified Dairy Products Market size was assessed at USD 109,485 million in 2032 and was anticipated to reach USD 223,441 million in 2032, at a CAGR of 6.7%, according to Future Market Insights (FMI).
The idea of fortifying dairy products is becoming more and more popular throughout the world, which is predicted to increase sales. Fortified dairy products will likely only be used in a small number of situations due to the fact that they are significantly more expensive than non-fortified dairy products.
Furthermore, calcium absorption and blood calcium levels are maintained when dairy products are supplemented with vitamin D. Yoghurt is gaining popularity among consumers who are concerned about their weight as a low-calorie substitute for calorie-dense dairy products like ice cream and milkshakes. Yoghurt sales have increased as a result of fortification of the product occurring more frequently.
In a variety of dairy products, including yoghurt and cheese, producers are concentrating on increasing the use of fortified processes. As a result, sales of fortified dairy products will rise, spurring market expansion during the course of the projection 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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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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