According to Future Market Insights (FMI), The Global Fortified Dairy Products Market size was estimated at US$ 109,485 million in 2021 and expected to reach US$ 223,441 million in 2032, at a CAGR of 6.7%.
Nations throughout the world are recognising the importance of fortifying dairy products and approving the notion, which is expected to increase sales. However, because fortified dairy products are much more expensive than non-fortified dairy products, their adoption is unlikely to be widespread.
Furthermore, supplementing dairy products with vitamin D improves calcium absorption and maintains calcium levels in the blood. Yoghurt is becoming a popular choice among health-conscious consumers as an alternative to high-calorie dairy products such as ice cream and milkshakes. The rising use of fortification technologies in yoghurt has improved sales of functional foods that serve key functions.
Producers are concentrating on increasing the usage of fortified processes for a variety of dairy products, such as yoghurt and cheese, which will result in improved revenues for fortified dairy products and hence drive market expansion throughout 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 analyst.
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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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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