Report Description
A recent market intelligence report that is published by Data Insights Partner on the global Fermented Milk Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Fermented Milk Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Fermented Milk Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Fermented Milk Market is offered. In accordance with the report, the global Fermented Milk Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Definition
Fermented milk products are also known by the name cultured dairy products. These are dairy food products that have undergone the process of fermentation assisted by lactic acids bacteria namely Leuconostoc, Lactococcus, and Lactobacillus. Fermented milk products have been produced since 10,000 BC. Fermented milk products are famous in Japan.
Market Drivers
The increasing awareness among the consumers with regard to the positive health benefits from the consumption of fermented milk and also rising health consciousness among the consumers is primary driving this market. Fermented milk products help in aiding diarrhea, asthma, stomach flu and hay fever arthritis. They are also consumed to avoid gastrointestinal disorders, balance blood pressure, lower cholesterol levels, fight back diabetes, reduces the risk of cancer, improves gut health and boosts the immunity system.
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The increasing proportion of the population suffering from indigestibility and lactose intolerance is propelling the growth of the fermented milk products market.
The rising global population and upsurge in the vegan population poses a huge combined demand for food products rich in proteins. Fermented milk products consist of high protein content which is bolstering its market.
The booming food and beverage sector is positively affecting the fermented milk market. The fermented milk products are being increasingly used in the food and beverage sectors for improving the shelf life of the product, enhancing the taste and aroma of the products. Given the skyrocketing dependence on the food and beverage sector, the fermented milk market is augmenting.
Market Restraints
Fermented milk product manufacturers face difficulties with regard to the selection of culture that would be utilized in the fermentation process since many cultures does not expand the shelf life. This factor is severely impeding the growth of this market.
Rigid directives and norms influencing the selection of rightful strains are disrupting the manufacturing process and hence its market.
These products consist of additives and preservatives which is averse to human health and is threatening the growth of the fermented milk market.
Opportunities
The availability of fermented milk products in a variety of tastes and flavors and in different packages complementary to the adoption of attractive packaging styles is likely to offer lucrative opportunity to this market.
The rising health concerns and health awareness among the consumers complementary to the flourishing food and beverage sector is expected to providing thriving forces to the market.
Trends
In terms of region, the fermented milk market is divided into North America, Latin America, Europe, Asia Pacific and Middle East and Africa. North America and Europe holds a significant share of the fermented milk market and is expected to continue its importance in the forecast period. The reason behind such progress is the rising health awareness among the consumers. Asia Pacific is estimated to emerge as the fastest growing market in the fermented milk market on account of the rising proportion of the population suffering from lactose intolerance, soaring health awareness among the consumers, and the need for a protein rich diet. Globally, the fermented milk market is projected to register a CAGR of 5.1% in the forecast period.
Segment Covered:
This market intelligence report on the global Fermented Milk Market encompasses market segments based on product type, distributional channel and country.
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By Product Type the global Fermented Milk Market has been divided into:
q Sour Cream
q Butter
q Yogurt
q Cheese
q Others
By Distributional Channel the global Fermented Milk Market has been divided into:
q Online Stores
q Supermarkets and Hypermarkets
q Specialty Stores
By country/region, the global Fermented Milk Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Danone
q Yofix Probiotics
q Lifeway Foods
q Chobani, LLC
q General Mills Inc
q Arla Foods amba
q Britannia Industries Limited
q Nestle SA
q Parmalat SpA
q Royal FrieslandCampina N.V.
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Fermented Milk Market related investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
Lifeway Foods
In March 2019, an announcement was made by Lifeway Foods to displayed a new brand design and numerous new products at the Natural Products Expo West 2019.
Yofix Probiotics
In January 2019, the first segment of dairy-free yogurt with probiotic culture was launched by Israel-based start-up, Yofix Probiotics.
Danone
In April 2018, five new products namely, Greece-originated straggisto, Indian Lassi, Turkish Ayran, Lebanese-inspired Laban Product, and Icelandic Skyr were launched by Danone.
Salient Features:
Ø This study offers comprehensive yet detailed analysis of the Fermented Milk Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Fermented Milk Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Fermented Milk caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Fermented Milk Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Fermented Milk Market
v Identification of key factors driving investment opportunities in the Fermented Milk Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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