The global fortified dairy products sales are valued at USD 28,400 million by 2024 and are estimated to reach a value of USD 48,280 million by 2034, with the global market reflecting a CAGR of 5.4% over the assessment period 2024 to 2034
Globally rising rates of nutrient deficiencies are driving individuals to look for foods products with added health benefits. In an effort to fight hunger and deficiencies, governments and health groups are also supporting food fortification, which is driving up demand for fortified dairy products.
Increased customer interest is anticipated as a result of the ease with which probiotics, vitamins, minerals, and other nutrients can now be added to dairy products without sacrificing flavor or quality because to technological developments in food fortification processes.
It is expected that North America and Europe will continue to hold leading positions in the region because of their well-established dairy sectors and high levels of consumer health concern. There is a particularly high demand for fortified milk, yogurt, cheese, and baby formula in these areas.
The Asia-Pacific area, on the other hand, is predicted to increase at the fast rate. With their sizable populations and high incidence of nutritional inadequacies, countries like China and India offer substantial prospects for expansion. Furthermore, emerging countries in Latin America and the Middle East and Africa are anticipated to rise rapidly as a result of bettering economic conditions and rising consumer awareness.
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.
To Gain More Insights about this Research, Visit! https://www.futuremarketinsights.com/reports/fortified-dairy-products-market
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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