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Fortified Dairy Products Market - Forecast(2024 - 2030)
Fortified Dairy Products Market Overview
Fortified Dairy Products Market size is estimated to reach $1,520.3 million by 2026, growing at a CAGR of 5.5% over 2021-2026. Fortified dairy products contains various nutrients that help to improve the health of bones owing to the presence of vitamins, minerals and other nutrients. In fortified dairy products, the quantity of vitamin A and vitamin D is more which helps to reduce various diseases and deficiency among people. Various dairy products such as cheese, butter, yogurt and many more are produced with the fortified method in order to enrich and improve the nutritional of dairy products. A variety of processing method such as ultra-heat treatment, pasteurization etc causes a loss of essential nutrients which are beneficial for health that rising the use of fortified method to reserve and increase the nutritional value of dairy products. Fortified products such as milk powder, flavored milk, cheese, dairy-based yogurt are considered as important process in those area where the problem of malnutrition is more. Growing demand of consuming healthy products among the health consciousness people and rising deficiency of vitamin D among people is the major factor driving the growth of Fortified Dairy Products Market. Furthermore, growing advancement in technology in dairy industry and rising research and development activities is set to further enhance the overall market demand for Fortified Dairy Products Market for the period 2021-2026.
Fortified Dairy Products Market Report Coverage
The report: “Fortified Dairy Products Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Fortified Dairy Products Market.
By Product Type: Milk, Milk Powder and Formula, Flavored Milk, Cheese, Dairy Based Yogurt, and Others
By Micronutrients: Vitamins, Minerals, and Others
By Distribution Channel: Supermarket/Hypermarket, Convenience Stores, and Others
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa)
Key Takeaways
- In 2020, North America dominated the Fortified Dairy Products Market owing to rising development in technology that increases the production of dairy products that are beneficial for health. Moreover, growing busy schedule among people rising the need of fortified dairy products to fulfill the nutrients in body that further driving the Fortified Dairy Products Market.
- Growing demand for consuming healthy products among the health consciousness people and rising deficiency of vitamin D are enhancing the growth of the Fortified Dairy Products Market.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Fortified Dairy Products Market report.
- High cost associated with fortified dairy products is set to create hurdles for the Fortified Dairy Products Market.
Fortified Dairy Products Market Size, By Micronutrients 2020-2026 (USD Million)
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Fortified Dairy Products Market Segment Analysis – By Product Type
The Fortified Dairy Products Market based on Product Type can be further distributed into Milk, Milk Powder and Formula, Flavored Milk, Cheese, Dairy Based Yogurt, and Others. The Milk segment is the major segment generating revenue in 2020. This is mainly owing to the fact that milk is considered as essential products among consumers as it contains variety of nutritional value and are consumed by a daily basis among consumers. Moreover, milks are fortified with vitamin D that rising the demand of among people who are suffering from vitamin D deficiency and thus propelling the market growth. The Flavored Milk segment is estimated to register the fastest CAGR of 6.1% for the period 2021-2026. This is mainly owing to rising trends of consuming flavored products as it provides delicious taste in products that rising the need of flavored milk. Moreover, owing to rising demand of flavored milk various manufacturers are producing variety of Fortified Dairy Products Market.
Fortified Dairy Products Market Segment Analysis – By Micronutrients
The Fortified Dairy Products Market based on Micronutrients can be further segmented into Vitamins, Minerals, and Others. The Vitamins segment registers for the highest Fortified Dairy Products Market share in 2020. Dairy product contains a large amount of vitamin that helps to increase the health of bones and improve the healing capability of wound. Moreover, vitamin is considered as the safest and effective nutrients that rising the use of vitamin in milk products and boosting the market growth. The Minerals segment is forecasted to register the fastest CAGR of 7.3% over 2021-2026. This is mainly owing to mineral helps to increase the growth in body and provides healthy living which rising the demand of mineral contained dairy products among consumers and are thus propelling the growth of Fortified Dairy Products Market.
Fortified Dairy Market Products Segment Analysis – By Geography
North America dominated the Fortified Dairy Products Market with major share of 45% in 2020. This is owing to growing innovation in technology that boosts the production of dairy products which are beneficial for health. Moreover, growing busy schedule among people rising the need of fortified dairy products to fulfill the nutrients in body that further driving the Fortified Dairy Products Market.
However, Asia Pacific is projected to be the significant-growing market during the forecast period 2021-2026 owing to rising demand of consuming healthy food that growing the demand of fortified milk. In china and India, the production of fortified milk products increases owing to its presence of nutritional value that are further enhancing the market growth.
Fortified Dairy Products Market Drivers
Growing Demand of Consuming Healthy products
Rising trends of fitness among consumers are increasing the need of products that contains proper nutritional value which increases the need of fortified dairy products among health consciousness people. Moreover, owing to growing demand for fortified dairy products, manufacturers are also focusing on improving the nutritional value of products and increases the use of fortified process for manufacturing variety of dairy products such as cheese, yogurt etc. which increases the sales of fortified dairy products and therefore rising the growth of the Fortified Dairy Products Market over the period 2021-2026.
Rising Deficiency of Vitamin D
Rising deficiency of vitamin D increases the need of fortified dairy products which helps to provide exact vitamins and minerals in body and thus driving the market growth. Moreover, according to National Institute of Health, about 1 billion people are suffering from vitamin deficiency that rising the demand of fortified dairy products which further boosting the growth of Fortified Dairy Products Market over the period 2021-2026.
Covid-19 Impact:
COVID-19 pandemic had greatly impacted the growth of Fortified Dairy Products Market. During pandemic, there is a lockdown that created a disruption in the manufacturing industries. Owing to lockdown, the manufacturers are not able to produce products that created a huge loss. Moreover, production capacity also decreases among manufacturers and are negatively impacted the growth of Fortified Dairy Products Market.
Fortified Dairy Products Market Challenges
High Cost Associated with Fortified Dairy Products
The factors that is set to impede the growth of the Fortified Dairy Products Market are the rising cost of fortified technology which growing the cost of fortified dairy products that is set to restrain the growth of Fortified Dairy Products Market.
Fortified Dairy Products Landscape
Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Fortified Dairy Products Market. Fortified Dairy Products top 10 companies are Danone, Modern Dairy Holdings Ltd., Grofers, BASF SE, Arla Foods UK Plc, China Mengniu Dairy Company Limited, Danone SA, Dean Foods Company, Fonterra Co-operative Group Limited, and GCMMF Ltd.
Development
In June 2019, Grofers launched its own milk brand which is fortified with vitamin A and vitamin D that increases the demand among consumers and thus rising the market growth.
Relevant Reports:
Report Code: FBR 0476
Report Code: FBR 0189
For more Food and Beverage Market reports, please click here
1. Fortified Dairy Products Market Overview
1.1 Definitions and Scope
2. Fortified Dairy Products Market Executive Summary
2.1 Market Size and Key Trends
2.2 Key trends by Product Type
2.3 Key trends by Micronutrients
2.4 Key trends by Distribution Channel
2.5 Key trends by Geography
3. Fortified Dairy Products Market Landscape
3.1 Market Share Analysis- Key Companies
3.2 Product Benchmarking- Key Companies
3.3 Financial Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Fortified Dairy Products 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. Fortified Dairy Products 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. Fortified Dairy Products Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
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. Fortified Dairy Products Market Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Fortified Dairy Products Market – By Product Type (Market Size -$Million/$Billion)
8.1 Milk
8.2 Milk Powder and Formula
8.3 Flavored Milk
8.4 Cheese
8.5 Dairy Based Yogurt
8.6 Others
9. Fortified Dairy Products Market – Micronutrients (Market Size -$Million/$Billion)
9.1 Vitamins
9.2 Minerals
9.3 Others
10. Fortified Dairy Products Market– By Distribution Channel (Market Size -$Million/$Billion)
10.1 Supermarket/Hypermarket
10.2 Convenience Stores
10.3 Others
11. Fortified Dairy Products Market- By Geography (Market Size -$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 Italy
11.2.4 France
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Australia
11.3.3 Japan
11.3.4 South KoreaText Box: 06
11.3.5 India
11.3.6 Rest of Asia-Pacific
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Others
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Fortified Dairy Products Market Entropy
13. Fortified Dairy Products Market- Industry / Segment Competition landscape Premium Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Key companies
13.1.2 Market Share by Region- Key companies
13.1.3 Market Share at Global Level- Key companies
13.1.4 Competition Matrix
13.1.5 Best Practices for Companies
14. Fortified Dairy Products Market- Key Company List by Country Premium Premium
15. Fortified Dairy Products Market Company Analysis
15.1 Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Key Manufacturers Market 2019-2024 ($M)1.1 Nestle Market 2019-2024 ($M) - Global Industry Research
1.2 General Mills Market 2019-2024 ($M) - Global Industry Research
1.3 Danone Market 2019-2024 ($M) - Global Industry Research
1.4 Bright Dairy Food Market 2019-2024 ($M) - Global Industry Research
1.5 Modern Dairy Holdings Market 2019-2024 ($M) - Global Industry Research
1.6 Arla Foods Market 2019-2024 ($M) - Global Industry Research
1.7 GCMMF Market 2019-2024 ($M) - Global Industry Research
1.8 Dean Foods Company Market 2019-2024 ($M) - Global Industry Research
1.9 Fonterra Group Market 2019-2024 ($M) - Global Industry Research
2.Global By Milk Market 2019-2024 ($M)
3.Global Market by Type Market 2019-2024 ($M)
3.1 Milk Market 2019-2024 ($M) - Global Industry Research
3.2 Milk Powder and Formula Market 2019-2024 ($M) - Global Industry Research
3.3 Flavored Milk Market 2019-2024 ($M) - Global Industry Research
3.4 Cheese Market 2019-2024 ($M) - Global Industry Research
3.5 Dairy Based Yogurt Market 2019-2024 ($M) - Global Industry Research
4.Global Key Manufacturers Market 2019-2024 (Volume/Units)
4.1 Nestle Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 General Mills Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Danone Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Bright Dairy Food Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Modern Dairy Holdings Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Arla Foods Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 GCMMF Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 Dean Foods Company Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 Fonterra Group Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global By Milk Market 2019-2024 (Volume/Units)
6.Global Market by Type Market 2019-2024 (Volume/Units)
6.1 Milk Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Milk Powder and Formula Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Flavored Milk Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Cheese Market 2019-2024 (Volume/Units) - Global Industry Research
6.5 Dairy Based Yogurt Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Key Manufacturers Market 2019-2024 ($M)
7.1 Nestle Market 2019-2024 ($M) - Regional Industry Research
7.2 General Mills Market 2019-2024 ($M) - Regional Industry Research
7.3 Danone Market 2019-2024 ($M) - Regional Industry Research
7.4 Bright Dairy Food Market 2019-2024 ($M) - Regional Industry Research
7.5 Modern Dairy Holdings Market 2019-2024 ($M) - Regional Industry Research
7.6 Arla Foods Market 2019-2024 ($M) - Regional Industry Research
7.7 GCMMF Market 2019-2024 ($M) - Regional Industry Research
7.8 Dean Foods Company Market 2019-2024 ($M) - Regional Industry Research
7.9 Fonterra Group Market 2019-2024 ($M) - Regional Industry Research
8.North America By Milk Market 2019-2024 ($M)
9.North America Market by Type Market 2019-2024 ($M)
9.1 Milk Market 2019-2024 ($M) - Regional Industry Research
9.2 Milk Powder and Formula Market 2019-2024 ($M) - Regional Industry Research
9.3 Flavored Milk Market 2019-2024 ($M) - Regional Industry Research
9.4 Cheese Market 2019-2024 ($M) - Regional Industry Research
9.5 Dairy Based Yogurt Market 2019-2024 ($M) - Regional Industry Research
10.South America Key Manufacturers Market 2019-2024 ($M)
10.1 Nestle Market 2019-2024 ($M) - Regional Industry Research
10.2 General Mills Market 2019-2024 ($M) - Regional Industry Research
10.3 Danone Market 2019-2024 ($M) - Regional Industry Research
10.4 Bright Dairy Food Market 2019-2024 ($M) - Regional Industry Research
10.5 Modern Dairy Holdings Market 2019-2024 ($M) - Regional Industry Research
10.6 Arla Foods Market 2019-2024 ($M) - Regional Industry Research
10.7 GCMMF Market 2019-2024 ($M) - Regional Industry Research
10.8 Dean Foods Company Market 2019-2024 ($M) - Regional Industry Research
10.9 Fonterra Group Market 2019-2024 ($M) - Regional Industry Research
11.South America By Milk Market 2019-2024 ($M)
12.South America Market by Type Market 2019-2024 ($M)
12.1 Milk Market 2019-2024 ($M) - Regional Industry Research
12.2 Milk Powder and Formula Market 2019-2024 ($M) - Regional Industry Research
12.3 Flavored Milk Market 2019-2024 ($M) - Regional Industry Research
12.4 Cheese Market 2019-2024 ($M) - Regional Industry Research
12.5 Dairy Based Yogurt Market 2019-2024 ($M) - Regional Industry Research
13.Europe Key Manufacturers Market 2019-2024 ($M)
13.1 Nestle Market 2019-2024 ($M) - Regional Industry Research
13.2 General Mills Market 2019-2024 ($M) - Regional Industry Research
13.3 Danone Market 2019-2024 ($M) - Regional Industry Research
13.4 Bright Dairy Food Market 2019-2024 ($M) - Regional Industry Research
13.5 Modern Dairy Holdings Market 2019-2024 ($M) - Regional Industry Research
13.6 Arla Foods Market 2019-2024 ($M) - Regional Industry Research
13.7 GCMMF Market 2019-2024 ($M) - Regional Industry Research
13.8 Dean Foods Company Market 2019-2024 ($M) - Regional Industry Research
13.9 Fonterra Group Market 2019-2024 ($M) - Regional Industry Research
14.Europe By Milk Market 2019-2024 ($M)
15.Europe Market by Type Market 2019-2024 ($M)
15.1 Milk Market 2019-2024 ($M) - Regional Industry Research
15.2 Milk Powder and Formula Market 2019-2024 ($M) - Regional Industry Research
15.3 Flavored Milk Market 2019-2024 ($M) - Regional Industry Research
15.4 Cheese Market 2019-2024 ($M) - Regional Industry Research
15.5 Dairy Based Yogurt Market 2019-2024 ($M) - Regional Industry Research
16.APAC Key Manufacturers Market 2019-2024 ($M)
16.1 Nestle Market 2019-2024 ($M) - Regional Industry Research
16.2 General Mills Market 2019-2024 ($M) - Regional Industry Research
16.3 Danone Market 2019-2024 ($M) - Regional Industry Research
16.4 Bright Dairy Food Market 2019-2024 ($M) - Regional Industry Research
16.5 Modern Dairy Holdings Market 2019-2024 ($M) - Regional Industry Research
16.6 Arla Foods Market 2019-2024 ($M) - Regional Industry Research
16.7 GCMMF Market 2019-2024 ($M) - Regional Industry Research
16.8 Dean Foods Company Market 2019-2024 ($M) - Regional Industry Research
16.9 Fonterra Group Market 2019-2024 ($M) - Regional Industry Research
17.APAC By Milk Market 2019-2024 ($M)
18.APAC Market by Type Market 2019-2024 ($M)
18.1 Milk Market 2019-2024 ($M) - Regional Industry Research
18.2 Milk Powder and Formula Market 2019-2024 ($M) - Regional Industry Research
18.3 Flavored Milk Market 2019-2024 ($M) - Regional Industry Research
18.4 Cheese Market 2019-2024 ($M) - Regional Industry Research
18.5 Dairy Based Yogurt Market 2019-2024 ($M) - Regional Industry Research
19.MENA Key Manufacturers Market 2019-2024 ($M)
19.1 Nestle Market 2019-2024 ($M) - Regional Industry Research
19.2 General Mills Market 2019-2024 ($M) - Regional Industry Research
19.3 Danone Market 2019-2024 ($M) - Regional Industry Research
19.4 Bright Dairy Food Market 2019-2024 ($M) - Regional Industry Research
19.5 Modern Dairy Holdings Market 2019-2024 ($M) - Regional Industry Research
19.6 Arla Foods Market 2019-2024 ($M) - Regional Industry Research
19.7 GCMMF Market 2019-2024 ($M) - Regional Industry Research
19.8 Dean Foods Company Market 2019-2024 ($M) - Regional Industry Research
19.9 Fonterra Group Market 2019-2024 ($M) - Regional Industry Research
20.MENA By Milk Market 2019-2024 ($M)
21.MENA Market by Type Market 2019-2024 ($M)
21.1 Milk Market 2019-2024 ($M) - Regional Industry Research
21.2 Milk Powder and Formula Market 2019-2024 ($M) - Regional Industry Research
21.3 Flavored Milk Market 2019-2024 ($M) - Regional Industry Research
21.4 Cheese Market 2019-2024 ($M) - Regional Industry Research
21.5 Dairy Based Yogurt Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)2.Canada Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
3.Mexico Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
4.Brazil Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
5.Argentina Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
6.Peru Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
7.Colombia Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
8.Chile Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
10.UK Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
11.Germany Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
12.France Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
13.Italy Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
14.Spain Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
16.China Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
17.India Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
18.Japan Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
19.South Korea Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
20.South Africa Global Fortified Dairy Products Market Revenue, 2019-2024 ($M)
21.North America Global Fortified Dairy Products By Application
22.South America Global Fortified Dairy Products By Application
23.Europe Global Fortified Dairy Products By Application
24.APAC Global Fortified Dairy Products By Application
25.MENA Global Fortified Dairy Products By Application