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 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.
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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
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