Fermented Dairy Market Forecast from 2015 till 2025
Fermented dairy products are fermented from the milk of all domesticated animals, which include cow, goat, buffalo, sheep, camel, and horse. The process of fermentation takes place due to the presence of natural microbes in the food products. Among all the bacteria, the lactic acid bacterium is the most important bacteria for the process of fermentation to occur. This bacteria group consists of Lactococcus, Leuconostoc, and Lactobacillus. This process helps to improve the digestibility of milk, extend the shelf-life of the product, and enhance safety for consumption and the test of milk. Fermented dairy products are also known as cultured milk products. There are several people across the globe who are suffering from lactose intolerance. Such people cannot consume lactose (milk-fat). However, they can consume fermented dairy products such as yogurt owing to the breakdown of lactose during fermentation that does not harm such people.
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According to the Food and Agriculture Organisation (FAO) report published in 2018, more than 6 billion people across the globe consume fermented milk products and the most of these people live in emerging countries. Per capita milk consumption has increased two-fold times in developing countries since the last few decades. However, per capita milk consumption has decreased in the sub-Saharan Africa since last two decades. The consumption of these products is estimated to rise by 125 percent in South Asia by 2030. In India, around 50 percent of milk is consumed on-farm.
Major drivers for the market are growing awareness towards healthier products, rising per capita expenditure on fermented dairy products owing to numerous health benefits, and rising consumption of drinkable yogurt. In addition, rising demand for sweeteners with nutrients has led to propel the growth of the fermented dairy market. Moreover, rising consumer preference for flavoured milk with better taste and health is expected to be a significant factor that have anticipated the market expansion. In addition, these products enhance digestibility which is another major factor that is expected to lead to the significant growth of the market. However, cheaper alternatives available in the market and inappropriate selection of culture and enzyme during fermentation may hamper the market growth.
Geographically, the global fermented dairy market can be analysed into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific is expected to be ruling the market, followed by North America, owing to high consumption of fermented dairy products, increasing health awareness, and changing consumption pattern. In addition, rising population of emerging countries and changing lifestyles of consumers are the major factors that are fuelling the growth of the market. Moreover, Asia- Pacific is the highest milk producer that has led to propel the continuous expansion of the market. Furthermore, technological advancements associated with milk industry and enhancement in its various application and rising government initiatives to improve dairy market are the important factor that has anticipated the market expansion.
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Major key players in the market are Groupe Danone, Yakult Honsha, Chobani, Fage, Yoplait, YoCrunch Naturals Yogurt, Straus Family Creamery, Ellenos, Cabot, Brown Cow Farm, Hiland Dairy, Morinaga Milk, Kraft Heinz, Alpina Foods and Nestle.
A leading provider of healthier products, Nestle, announced its global initiative named “Nestle for Healthier Kids” which will help 50 million children to live healthy by 2030. This program further includes the expansion of healthier products market.
In Feb 2018, a world leader in the food industry, “Grope Danone”, announced its strategic partnership with global leader in probiotics beverages, “Yakult Honsha Co., Ltd”, to promote probiotics and strengthen their joint effort for optimizing the market of probiotics and its development.
North America (U.S and Canada)
Europe (Germany, France, Italy and Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)
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