Market Analysis
Global Fermented Milk Market is profiled in the latest report from Market Research Future (MRFR). The report profiles the market by profiling the leading players operating in the market, which gives readers a clear look into the competitive dynamics of the market. The leading segments within the global fermented milk market are also profiled in the report with the intention of explaining the hierarchy within the market. The major market drivers and restraints are also studied in the report to provide pointers upon the likely growth trajectory of the global fermented milk market over the forecast period.
Fermentation of milk is one of the oldest food processing tools known to man and is responsible for popular products such as cheese, yoghurt, sour cream, and kefir. The fermentation of milk leads to a split in the formulation of the milk, with the liquid and solid components becoming separate. This process also enhances the taste of milk, since the substances responsible for the taste of the milk are segregated and concentrated.
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Milk fermentation is brought about by the addition of bacterial species such as Lactococcus, Lactobacillus, and Leuconostoc, which break down the milk proteins and lactose. This also makes fermented milk products suitable for lactose intolerant people. The increasing popularity of fermented milk products such as yoghurt and cheese is likely to be the major driver for the global fermented milk market over the forecast period. The suitability of fermented milk products for lactose intolerant individuals is also a major driver for the global fermented milk market.
Competitive Analysis
Leading players in the global Fermented Milk Market include Danone, General Mills Inc., Valio Ltd., Morinaga Milk Industry Co. Ltd., Mother Dairy Fruit & Vegetable Pvt. Ltd., Lifeway Foods Inc., and Nestle.
Industry Updates
In March 2019, Biospringer launched a new ingredient that can counter the adverse taste combinations formed in fermented milk and bring about a stable, homogenic taste to the products.
Segmentation
The global fermented milk market is segmented on the basis of type and distribution channel.
By type, the global Fermented Milk Market is segmented into viscous, fluid, and others. Viscous fermented milk products include sour cream, cheese, yogurt, etc., whereas fluid products include buttermilk and others. Yogurt products are likely to dominate the global fermented milk market over the forecast period due to the widespread popularity of yogurt products in the food and beverage sector as well as the cosmetics sector.
Based on distribution channel, the global fermented milk market is segmented into store-based and non-store-based. Store-based distribution is likely to remain the norm in the fermented milk market due to the ease of storing fermented milk products in refrigerated conditions in stores.
Regional Analysis
The global fermented milk market is dominated by Asia Pacific on the basis of region due to the growing dairy industry in Asia Pacific countries such as India and China. Fermented milk products such as yogurt and buttermilk are a strong part of the dietary preferences in India and the rest of Southeast Asia, lending strong support to the fermented milk market’s growth prospects over the forecast period.
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