Fermented dairy ingredients or cultured dairy food products are considered to be one of the most important meals of a daily diet. Since the inception of packaged products, these dairy products have gained a superior priority over conventional business strategies, which involved the transaction of loose dairy products. These dairy ingredients are fermented using lactic acid bacteria and yeast. Once this product goes through the fermentation process, the shelf life of the product increases significantly. Instances have been witnessed that suggests fermentation of dairy products improves certain aspects of the dairy products such as the digestibility and taste. Fermented dairy ingredients are prevailing in the market due to the heavy demands for flavored milk, organic milk, yogurt, tofu, and cheese. Dairy products such as cheese are considered highly essential for numerous fast foods and confectionery items. Other than cheese, substantial demand for fermented dairy ingredients is reflected from the flavored milk. Producers have introduced a wide range of flavored milk to fulfill the health, taste, and convenience demands of the consumers. One other reason that uplifted the demands of flavored milk is the consumer’s preference for flavored milk as an alternative to other carbonated and sweetened beverages. All the above-stated instances have up-surged the demands for fermented dairy ingredients which held the market size of $4.4 billion in 2018. Anticipating the increased requirements of cheese, yogurt, and flavored milk, the demands for fermented dairy ingredients market are projected to grow at a positive CAGR of 8.5% during the forecast period 2019 to 2025.
Europe: Leading Marketplace for Fermented Dairy Ingredients
Europe acquired the maximum share in the fermented dairy ingredients market and was accountable for 38.5% of the total market share in 2018. The presence of a huge dairy industry coupled with the large population base in the region is the main reason for this massive market share. Additionally, dairy products such as the cheese and processed cheese are considered as a regular or staple food ingredient in many European countries. Italy and France are very popular for the consumption of cheese in their dishes. Pizza, hailing from Italy is one of the most popular food in the world, and certainly, this dish uses cheese in massive amounts. The prevalence of Pizza is spread throughout the globe, and it is supporting the adjacent cheese demands, thereby inducing significant requirements for fermented dairy ingredients market. The consumption of dairy products has increased in the APAC and the North American region as well. The market shift towards convenience food is the vital cause for the swollen demands in the fermented dairy ingredients market.
Key Application in the Fermented Dairy Ingredients Market
The cheese was observed as the major application in the global fermented dairy ingredients market, and the global demand for cheese is estimated to grow at a CAGR 8.1% during the forecast period. Cheese is a well-renowned product on the planet and is considered as a good source of fat. Additionally, cheese is extensively used in fast foods to improve the taste and the texture of the dish. As per the International Trade Center, the global trade value of cheese surpassed $2 million with France contributing to the major share of $2,425 in 2018. Incorporating cheese in any dish increases the taste of the food, and this is a trending concept gaining popularity in both the developing and developed economies. For instance, potato fries were previously consumed plain or with some ketchup. However, the idea of introducing multi-flavored liquid cheese sauces in fries has introduced a new segment in the fries menu. Such creative dish concepts are complimenting the application of cheese. Thus, the demands of cheese from all parts of the world are certain to flourish, which assures growth in the global fermented dairy products market.
Fermented Dairy Ingredients Market Competitive Landscape
The companies operating in the fermented dairy ingredients market are Cargill Incorporated, Chr. Hansen Holding, E. I. du Pont de Nemours and Company, Koninklijke DSM NV, Novozymes A/S, Archer Daniels Midland Company, and Lake International. Some of the major influencing companies in the fermented dairy ingredients market are discussed in the following section:-
Cargill Incorporated is a global corporation based in Minnesota, United States. The company is known for its production and innovation in dairy products. The company recognizes the total sales for yogurt and drinkable yogurt are expected to reach $11.4 billion in 2021 and $14.5 billion by 2024. Also, the firm specializes in the production of yogurts and has developed several variants in their yogurt cart such as reduced-sugar yogurt, exotic-flavored yogurt, and starch-rich yogurt. The company operators believe that their sugar-limited yogurt will gain the maximum traction owing to the growing awareness of the harmful effects of processed sugar. Therefore, the manufacturing of unsweetened yogurt will require a considerate amount of dairy fermenting ingredients, thereby supporting the global fermented dairy ingredient market growth.
Chr. Hansen Holding
Chr. Hansen Holding is a bioscience company that produces natural solutions for food ingredients. The company’s production of culture solution to exploit the natural sweetness of milk is gaining popularity globally. The company developed Sweety Y-1, a culture solution that uses streptococcus, lactobacillus, and thermophiles cultures. These cultures can extract existing sugars in milk using glucose and lactose. The company claims Sweety Y-1 as a groundbreaking innovation in the dairy industry that meets consumer demands and modern market trends for healthy food by reducing the added sugar in the milk without compromising the good taste.
E. I. du Pont de Nemours and Company
The American conglomerate E. I. du Pont de Nemours and Company is one of the oldest culture companies working in the field of dairy products. The company possesses a wide range of culture collection. Some of the most popular products are Cheese Cultures, HOLDBAC Protective Cultures, Kefir-D Cultures, PROBAT Mesophilic Cultures, and Yogurt Culture YO-MIX. Using the cultures mentioned above, the shelf life of frozen and unfrozen dairy products can be increased significantly. With such an extensible fleet of culture products, the company is addressing a huge section of geographical demography in dairy product fermentation.
Archer Daniels Midland Company
An American global food processing and commodities trading company that portrays an unrivaled portfolio of culture ingredients. One of the most prominent culture ingredient produced by the company is Fibersol-2. This dietary fiber is compatible with all the dairy products and is known for increasing the yields. The ingredient is appreciated due to its fiber-based culture methods that optimize the taste and the texture of the dairy products. The company claims Fibersol-2 is a good source of dietary fiber nutrients and is highly popular in the fermented dairy ingredients market for its low fat and low-calorie aspects.
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