Fortified Dairy Products Market to Reach USD 223.4 Billion by 2032 with 6.7% CAGR: Insights and Growth Trends

Fortified Dairy Products Market
Fortified Dairy Products Market

According to Future Market Insights (FMI), The Global Fortified Dairy Products Market size was estimated at USD 109,485 million in 2021 and expected to reach USD 223,441 million in 2032, at a CAGR of 6.7%.

Nations across the world are recognizing the need of fortifying dairy products and are accepting the idea, which is anticipated to boost sales. However, because fortified dairy products are significantly more expensive than non-fortified dairy products, their adoption is likely to be limited.

Furthermore, when dairy products are supplemented with vitamin D, calcium absorption is enhanced as well as calcium in the blood are maintained. Health-conscious consumers are turning to yoghurt as a better alternative to calorie-dense dairy products like ice cream and milkshakes. The increased use of fortification technology in yoghurt has boosted sales of functional foods with important functionalities.

Producers are focusing on increasing the use of fortified processes for a variety of dairy products, such as yoghurt, cheese, and so on, leading to increased revenues of fortified dairy products and therefore driving the growth of the Market during 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.

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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.

The study divulges compelling insights on the Fortified Dairy Products based on  Micronutrients (Minerals, Vitamins, Other Fortifying Nutrients),Type (Flavored Milk, Milk , Dairy Based Yogurt , Milk Powder, Cheese, Other Products), Sales Channel (Drug Stores Departmental Stores, Convenience Stores, Modern Trade, Online Stores, Other Sales Channel).

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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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