Email
Print
Fermented Dairy Ingredients Market - Forecast(2020 - 2025)
Fermented Dairy Ingredients Market Overview
Fermented Dairy Ingredients Market size in 2019 is estimated to be $4.4 billion and is projected to be growing with a CAGR of 8.5% during the forecast period 2020-2025. Increasing demand for drinkable yogurts among consumers is a major factor driving the Fermented Dairy Ingredients Market during the forecast period 2020-2025. To be named a dairy product, food must be produced from cow’s milk, goat milk or, similar animals. The growing demand for frozen dairy products increases the investment in dairy products such as yogurt as well as fermented cheese. Moreover, fermented dairy products have been an important component of a nutritional diet. Previously, the fermentation process involved unpredictable and slow souring of milk caused by the organisms inherently present in milk. However, the modern microbiological process has resulted in the production of different fermented milk products of higher nutritional value under controlled conditions.
Key Takeaways
- In 2019, Cheese accounts for the major share owing to its high amount of vitamins A and B-12 along with zinc, phosphorous, and riboflavin.
- Europe dominated the Fermented Dairy Ingredients Market owing to the presence of major dairy products industry, in 2019.
- Increasing usage of processed cheese in bakery & confectionary, fast food, and as an ingredient in various Italian foods is set to drive the market growth.
By Product Type- Segment Analysis
By Product Type, the fermented dairy ingredients market is segmented into Cheese, Flavored Milk, and Yogurt. Among these, the Cheese held the major share in 2019 owing to its high amount of vitamins A and B-12 along with zinc, phosphorous and riboflavin. Also, the use of cheese in various food industries such as bakery products, fast food, and also as an ingredient in many Italian foods are set to boost the Fermented Dairy Ingredients Market during the forecast period 2020-2025. Furthermore, the consumption of sour milk among consumers is increasing owing to its high nutritious benefits. Besides, it is produced by lactic acid fermentation of regular cream; sour cream, also known as crème Fraiche, has a creamy texture and a unique sour taste.
By Application - Segment Analysis
Based on the Application, the Fermented Dairy Ingredients Market is segmented into Bakery, Dairy, Snacks, and Others. Among these, the Bakery segment is projected to be the fastest-growing with a CAGR of 8.1% during the forecast period 2020-2025. This is owing to the wide application of fermented dairy ingredients in making baked goods such as pastries, bread, and others. These ingredients being acidic are good for digestive problems and thus used for food preservation. Thus they are widely used by bakery manufacturers to increase the shelf life of products.
Geography- Segment Analysis
In 2019, Europe accounted for 38.5% of the Fermented Dairy Ingredients Market share. The presence of major dairy products industry along with the increasing demand for dairy ingredients among consumers are driving the market in this region. Moreover, milk and dairy products are important sources of protein, iodine, calcium, and vitamins, and a daily intake is of high importance among Europeans. Approximately 45 million metric tons of fresh dairy products are consumed annually in the European Union.
However, Asia-Pacific is estimated to be the fastest-growing region during the forecast period 2020-2025. This is owing to the rising popularity of flavored milk among consumers across China and Australia.
Drivers –Fermented Dairy Market
- Increasing use of cheese and processed cheese in the food industry
Increasing usage of cheese and processed cheese in the food industry are poised to drive the market growth of the Fermented Dairy Ingredients Market. Also, the use of processed cheese in bakery & confectionary, fast food, and as an ingredient in various Italian foods are driving its market growth. Furthermore, the unique flavor of processed cheese has attracted a large number of consumers owing to its low-fat intake.
- Increasing demand for Flavored Milk
Increasing demand for Flavored Milk such as Kefir is a major factor driving the fermented dairy ingredients market during the forecast period 2020-2025. Kefir is a cultured, fermented beverage that tastes like a yogurt drink. It’s made using starter grains, just as sourdough bread has a starter. This starter is a combination of yeast, milk protein, and bacteria. It has a tart, creamy flavor loaded with probiotic health benefits. Besides, Kefir also contains a wide variety of bioactive compounds including organic acids and peptides that contribute to its health benefits.
Challenges – Fermented Dairy Ingredients Market
- Proper Storage System
Storage of Dairy Products is the major factor restraining the Fermented Dairy Ingredients Market. Under unrefrigerated storage, milk becomes sour in a matter of time. The requirement of a proper storage system for storing the fermented dairy ingredients to enhance their longevity is a major challenge faced by manufacturers. Furthermore, the price fluctuations of fermented dairy products and unsafe handling processes are further impacting the market growth.
Fermented Dairy Ingredients Industry Outlook
Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Fermented Dairy Ingredients Market. Fermented Dairy Ingredients top 10 companies are Archer Daniels Midland Company, Arla Foods Ingredients Group P/S, Bioprox, Cargill Incorporated, Chr Hansen Holding A/S, Corbion, CP Ingredients Limited, CSK Food Enrichment, Dairy Connection Inc, and DairyChem Inc
Developments
- In April 2020, DuPont N&B launched new culture series for fermented dairy ingredients which are heralded as a new industry-standard for yogurt manufacturers.
- In April 2018, Carbery launched Bifipro fermented dairy ingredients that deliver a unique combination of high-quality protein with prebiotic promoting properties.
1. Fermented Dairy Ingredients Market Overview
1.1 Definitions and Scope
2. Fermented Dairy Ingredients Market - Executive Summary
2.1 Market Revenue and Key Trends by Company
2.2 Key trends by Product Type
2.3 Key trends by Application
2.4 Key trends by Geography
3. Fermented Dairy Ingredients Market –Comparative Analysis
3.1 Product Benchmarking - Key companies
3.2 Financials Analysis - Key Companies
3.3 Market Share Analysis- Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Fermented Dairy Ingredients Market- Startup companies Scenario Premium (Premium)
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Fermented Dairy Ingredients Market – Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Fermented Dairy Ingredients Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Fermented Dairy Ingredients Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
8. Fermented Dairy Ingredients Market – By Product Type (Market Size –$Million/$Billion)
8.1 Cheese
8.1.1 Natural Cheese
8.1.1.1 Culture
8.1.1.2 Sweetener
8.1.1.3 Starch
8.1.2 Processed Cheese
8.2 Flavored Milk
8.3 Yoghurt
8.3.1 Spoon-able Yoghurt
8.3.2 Drink-able Yoghurt
9. Fermented Dairy Ingredients Market - By Application (Market Size -$Million/$Billion)
9.1 Bakery
9.2 Dairy
9.3 Snacks
9.4 Others
10. Fermented Dairy Ingredients Market - By Geography (Market Size -$Million/$Billion)
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 U.K.
10.2.2 Germany
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 Japan
10.3.3 South Korea
10.3.4 India
10.3.5 Australia & New Zealand
10.3.6 Rest of Asia-Pacific
10.4 Rest of the World
10.4.1 Middle East
10.4.2 Africa
10.4.3 South America
11. Fermented Dairy Ingredients Market - Entropy
12. Fermented Dairy Ingredients Market – Industry/Segment Competition Landscape (Premium)
12.1. Market Share Analysis
12.1.1 Global Market Share – Key Companies
12.1.2 Market Share by Region – Key companies
12.1.3 Market Share by Country- Key companies
12.1.4 Best Practices for Companies
13. Fermented Dairy Ingredients Market – Key Company List by Country Premium (Premium)
14. Fermented Dairy Ingredients Market Company Analysis
14.1 Company Revenue, Products, M&A, Developments
14.2 Archer Daniels Midland Company
14.3 Arla Foods Ingredient Group P/S
14.4 Bioprox
14.5 Cargill Incorporated
14.6 Chr Hansen Holding A/S
14.7 Corbion
14.8 CP Ingredients Limited
14.9 CSK Food Enrichment
14.10 Dairy Connection Inc
14.11 DairyChem Inc
*Financials for private companies would be provided on a best efforts basis”.
List of Tables
1 US Fermented Dairy Ingredients Market Size 2018
2 Canada Fermented Dairy Ingredients Market Share 2018
3 Brazil Fermented Dairy Ingredients Market Outlook 2019 - 2023
4 Mexico Fermented Dairy Ingredients Market Research 2018
5 Germany Fermented Dairy Ingredients Market Trends 2019 - 2023
6 France Fermented Dairy Ingredients Market Growth 2019 - 2023
7 UK Fermented Dairy Ingredients Market Demand 2019 - 2023
8 Italy Fermented Dairy Ingredients Market Segmentation 2018
9 Russia Fermented Dairy Ingredients Market Analysis 2019 - 2023
10 China Fermented Dairy Ingredients Market Revenue 2019 - 2023
11 Japan Fermented Dairy Ingredients Market Volume 2019 - 2023
12 South Korea Fermented Dairy Ingredients Market Potential 2019 - 2023
13 India Fermented Dairy Ingredients Market Leaders 2018
14 Saudi Arabia Fermented Dairy Ingredients Market Forecast 2019 - 2023
15 Kuwait Fermented Dairy Ingredients Market Value 2018
List of Figures
For complete list of 60+ tables and 60+ figures follow the Link