Reports > Food And Beverages > Fermented Dairy Ingredients Market Report
Fermented Dairy Ingredients Market Size, Share, Industry Trends and Forecast to 2033
This report delves into the Fermented Dairy Ingredients market, offering detailed insights spanning market trends, size, analysis by regions and segments, and forecasts from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $12.00 Billion |
| CAGR (2023-2033) | 6.8% |
| 2033 Market Size | $23.59 Billion |
| Top Companies | Danone, Nestlé, Lactalis, FrieslandCampina |
| Last Modified Date | 15 Nov 2024 |
Fermented Dairy Ingredients Market Report (2023 - 2033)
Fermented Dairy Ingredients Market Overview
What is the Market Size & CAGR of Fermented Dairy Ingredients market in 2023?
Fermented Dairy Ingredients Industry Analysis
Fermented Dairy Ingredients Market Segmentation and Scope
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Fermented Dairy Ingredients Market Analysis Report by Region
Europe Fermented Dairy Ingredients Market Report:
The European market is the largest, with a size of $3.83 billion in 2023, projected to reach $7.53 billion by 2033. Europe benefits from a well-established dairy sector, and consumer preferences are shifting towards organic and health-label products, strengthening the market.Asia Pacific Fermented Dairy Ingredients Market Report:
In 2023, the Asia Pacific market for Fermented Dairy Ingredients stands at $2.25 billion and is projected to grow to $4.43 billion by 2033. The rapid urbanization and changing dietary habits of consumers in countries like China and India are driving demand. Notably, the increased awareness of health benefits associated with fermented products is further propelling market growth in this region.North America Fermented Dairy Ingredients Market Report:
North America holds a significant share with a market size of $4.16 billion in 2023, anticipated to expand to $8.18 billion by 2033. The robust demand for probiotic foods and beverages, alongside strong retail distribution channels, are key drivers of growth in this region.South America Fermented Dairy Ingredients Market Report:
The South American market for Fermented Dairy Ingredients is estimated at $0.27 billion in 2023 and is expected to reach $0.53 billion by 2033. The rising popularity of dairy products and the growing trend towards health and wellness are catalyzing this growth, particularly in Brazil and Argentina.Middle East & Africa Fermented Dairy Ingredients Market Report:
In the Middle East and Africa, the market size stands at $1.49 billion in 2023, with a forecast of $2.92 billion by 2033. The growing middle-class population and increased consumer spending on healthier food options are fueling growth in this region.Request a custom research report for industry.
Fermented Dairy Ingredients Market Analysis By Product
Global Fermented Dairy Ingredients Market, By Product Market Analysis (2023 - 2033)
The product segment shows significant variations in market size and growth rates. Probiotics lead the market with a size of $8.20 billion in 2023, growing to $16.11 billion by 2033, accounting for 68.3% of the market share. Yogurt follows closely, with a market size of $7.04 billion in 2023, expanding to $13.83 billion in 2033. Cultures and cheese are also notable segments, reflecting the diverse utilization of fermented dairy ingredients across various applications.
Fermented Dairy Ingredients Market Analysis By Application
Global Fermented Dairy Ingredients Market, By Application Market Analysis (2023 - 2033)
Divided into food and beverages, nutraceuticals, and animal feed, the food and beverages segment dominates with a size of $8.20 billion in 2023 and is projected to grow to $16.11 billion by 2033. The trend towards functional foods significantly boosts the nutraceuticals segment, currently valued at $2.85 billion and expected to reach $5.59 billion by 2033.
Fermented Dairy Ingredients Market Analysis By Type
Global Fermented Dairy Ingredients Market, By Type Market Analysis (2023 - 2033)
This market is further divided by types such as probiotics, cultures, enzymes, and others. The probiotic segment continues to lead with substantial growth. The market for cultures is expected to grow from $2.85 billion in 2023 to $5.59 billion in 2033, as these enhance flavor and health benefits in fermented products.
Fermented Dairy Ingredients Market Analysis By Distribution Channel
Global Fermented Dairy Ingredients Market, By Distribution Channel Market Analysis (2023 - 2033)
Key distribution channels include direct sales, online retail, and offline retail. Direct sales dominate with a size of $8.20 billion in 2023, while online retail is rapidly growing, reflecting consumer convenience and trends towards e-commerce. The offline retail channel remains crucial in regions with strong grocery shopping traditions.
Fermented Dairy Ingredients Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Fermented Dairy Ingredients Industry
Danone:
A leading player in the global dairy market, Danone specializes in dairy and plant-based products, focusing on health-oriented offerings, including probiotic yogurts.Nestlé:
Nestlé, a multinational food and beverage company, offers a range of fermented dairy products aimed at enhancing consumer health through nutritional benefits.Lactalis:
Lactalis is a major global dairy producer, known for its wide range of cheese and yogurt products, catering to diverse consumer tastes and dietary needs.FrieslandCampina:
FrieslandCampina is recognized for its commitment to sustainability and health, producing a variety of fermented dairy products enriched with probiotics.We're grateful to work with incredible clients.
