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.
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.
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