The global fermented dairy ingredients market is expected to accumulate US$ 7,884.0 million in value by 2023-end. During the forecast period ranging from 2023 to 2033, a CAGR worth 8.2% has been projected for the market, with an expected closing value worth US$ 16,485.5 million. During the 2018 to 2022 historical period, the industry grew at a value CAGR worth 8.1%.
Fermentation of dairy products such as cheese, yogurt and butter are a natural process to use microorganisms, such as good bacteria to break down the carbohydrates for the conversation of sugars into organic acids or organic alcohols. Traditionally, this practice was adopted just to preserve food and increase the shelf-life of dairy products, but modernization has increased the usage of fermentation as more than just a preservative.
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The surge in the fermented dairy ingredients market can be attributed to the following factors
| Advantages on the overall health | FMI researchers remark that there has been a rapid increase in the number of health-conscious consumers and the rising awareness about the benefits of the probiotic bacteria in fermented dairy ingredients on a massive scale creates revenue generation opportunities. |
| Increasing consumption of dairy products | The millennials and GenZ are attracted to the low-fat content and unique flavors of fermented dairy ingredients, and thereby the market has seen a positive shift towards the increased consumption of processed cheese and other dairy products in the food industry. |
| Escalated demand for flavored milk | Kefir, a fermented tangy milk drink produced by kefir grains, is loaded with health benefits. This leads to an amplified demand for kefir in recent years due to consumers’ preference of a healthy and nutritional diet. With the increasing demand of such flavored milk, the fermented dairy ingredients market players experience a boost. |
The major challenge posed to the fermented dairy ingredients market is the storage related issues. The requirement for a proper storage system to prevent the dairy products from getting sour is a big challenge for manufacturers. Moreover, the frequent changes in price of fermented dairy products create a disturbance in the market impacting growth.
Key Takeaways
- The United States controls the worldwide fermented dairy ingredients industry with a value share of 19.4%.
- Germany accounts for 7.1% of the overall value of the global fermented dairy ingredients market.
- Australia has 2.7% of the global market for fermented dairy ingredients.
- China is exhibiting a phenomenal CAGR of 11.1% in the global fermented dairy ingredients industry.
- In the global market for fermented dairy ingredients, India has a phenomenal CAGR of 5.6%.
- Japan accounts for 4.3% of the global fermented dairy ingredients market value
Competitive Landscape
Key fermented dairy ingredients manufacturers are seeking ways to increase their market share with joint ventures, mergers, acquisitions and new product launches. The swelling dispersion of start-ups in the market has led to an increase in production quality and amplified global sales.
Some of the most known players in the fermented dairy ingredients market are
- Cargill Incorporated
- Kerry Inc
- Archer Daniels Midland Company
- Arla Foods Ingredients Group
- CSK Food Enrichment
- Dairy Connection
- Corbion
Recent Developments
- DairyChem is a natural dairy manufacturing business that specializes in providing a natural flavor encompassing both basic milk and milk components flavor through highly complex cheese and cultured dairy flavors. It introduced a variety of flavors ranging from butter flavors, cheese flavors, to blended natural dairy flavors.
- Royal DSM, in April 2023, launched a Plant Power Toolkit for plant-based fermented products, like yogurt alternatives. It reduces the complexity of formulating plant-based fermented products and enhances quality.
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Fermented Dairy Ingredients Market by Category
By Product Type:
- Cheese
- Natural Cheese
- Cultures
- Enzymes
- Starch
- Modified Starch
- Native Starch
- Sweetener
- Processed Cheese
- Cultures
- Enzymes
- Starch
- Starch Modified
- Starch Native
- Sweetener
- Flavored Milk:
- Cultures
- Enzymes
- Starch
- Starch Modified
- Starch Native
- Sweetener
- Yogurt:
- Sponable Yogurt
- Cultures
- Enzymes
- Starch
- Starch Modified
- Starch Native
- Sweetener
- Drinkable Yogurt
- Cultures
- Enzymes
- Starch
- Starch Modified
- Starch Native
- Sweetener
By Application:
- Bakery
- Dairy
- Snacks
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East & Africa (MEA)
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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