Global Fortified Dairy Products Market, By Product Type (Milk, Yogurt, Cheese, Others), Processing Method Type (Ultra-Heat Treatment, Pasteurization, Spray Drying, Heating), Age (Kids, Elderly, Others), Micronutrient Type (Vitamins, Minerals, Others), Distribution Channel (Hypermarkets and Supermarkets, Conventional Store, Online, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Fortified dairy products market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 5.05% in the above-mentioned forecast period. Growing awareness about the malnourishment among the kids like vitamins A, iodine, drives the fortified dairy products market.
Fortified dairy products are the type of dairy products that have been enriched or fortified with micronutrients such as minerals and vitamins that are deficient in consumers of different age groups. Due to its numerous application and high nutritional value, milk is one of the most consumed dairy products all over the globe. There are a plenty of diseases which can be curbed by consuming fortified milk such as osteoporosis, exophthalmia, night blindness, anaemia, and many others which are often caused by inadequate or lack of certain vitamins and minerals.
Increasing health benefits associated with the consumption of fortified milk and milk products is a vital factor escalating the market growth, also rise in consumption of dairy products across the globe, rising spending power of consumers along with changing preferences towards the health food habits among consumers, increase in purchasing power of middle-class population along with increased concerns regarding fitness in developing countries of this region such as India and China, rising technological advancements in the food and beverages industry are influencing the fortified dairy products are the major factors among others driving the fortified dairy products market briskly. Moreover, rising research and development activities and increasing modernization in the new products offered in the market will further create new opportunities for the fortified dairy products market in the forecast period of 2021- 2028.
However, increased cost of the product as compared to dairy products and rising lactose intolerance in the young population are the major factors among others acting as restraints, and will further challenge the fortified dairy products market in the forecast period.
This fortified dairy products market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fortified dairy products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Fortified dairy products market is segmented on the basis of product type, processing method type, age, micronutrient type and distribution channel. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of product type, the fortified dairy products market is segmented into milk, yogurt, cheese and others.
- Based on processing method type, the fortified dairy products market is segmented into ultra-heat treatment, pasteurization, spray drying and heating.
- Based on age, the fortified dairy products market is segmented into kids, elderly and others.
- Based on micronutrient type, the fortified dairy products market is segmented into vitamins, minerals and others.
- The fortified dairy products market is also segmented on the basis of distribution channel into hypermarkets and supermarkets, conventional store, online and others.
Fortified Dairy Products Market Country Level Analysis
Fortified dairy products market is analysed and market size insights and trends are provided by country, product type, processing method type, age, micronutrient type and distribution channel as referenced above.
The countries covered in fortified dairy products market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
North America dominates the fortified dairy products market due to raising awareness regarding health and healthy food among consumers, increasing focus on children health and rising spending power of consumers along with changing preferences towards the health food habits among consumers in this region. Asia-Pacific is the expected region in terms of growth in fortified dairy products market due to rising consumption of dairy products, rise in purchasing power of middle-class population coupled with increased concerns regarding fitness in this region.
The country section of the fortified dairy products market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fortified Dairy Products Market Share Analysis
Fortified dairy products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fortified dairy products market.
The major players covered in the fortified dairy products market report are Arla Foods amba, Danone, General Mills Inc, Dairy Farmers of America, Inc, Ace International Llp., SANCOR COOPERATIVAS UNIDAS LIMITADA, FrieslandCampina, Guangming Dairy Dezhou Co Ltd, The Kraft Heinz Company, Sarthak Exports, BASF SE, Fonterra Co-operative Group Limited, China Modern Dairy Holdings Ltd, Bright Dairy & Food Co, GCMMF, Nestlé other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.