Fortified Dairy Products Market

Fortified Dairy Products Market: APEJ to Remain Largest Market for Fortified Dairy Products: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2026)

  • 2018-02-19
  • REP-GB-6371
  • 170 pages
  • PDF PPT EXCEL
 Fortified Dairy Products Market

An Incisive, In-depth Analysis on the Fortified Dairy Products Market

This study offers a comprehensive, 360 degree analysis on the Fortified Dairy Products market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Fortified Dairy Products market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The dairy industry is considered to be a promising industry among wide range of applications in the food & beverage sector. Although dairy products serve as excellent resources of essential nutrients, several processing methods including ultra-heat treatment, spray drying, pasteurization, and heating lead to loss of specific nutrients. Replenishing lost nutrients is therefore imperative, and fortification of dairy products has emerged as an effective method for achieving this purpose.

Dairy Products Emerging as Effective Vehicles for Fortification

Dairy products are consumed by most people for various purposes, and are emerging as effective vehicles for fortification, thereby ensuring fortificants reach uniformly among the population worldwide. According to WHO, several school children are afflicted with deficiency of vitamin A. Vitamin A-fortified dairy products such as milk hold immense potential to curtail this deficiency. In addition, dairy products fortified with vitamin D helps in improving absorption rate of calcium and maintaining calcium level in blood. Health-conscious consumers have now commenced consumption of yogurts as healthier alternatives to dairy products such as ice cream and milkshakes that are rich in calories. Increasing penetration of the fortification technology in yogurt has further propelled sales of functional food products that play a pivotal role.

Countries across the globe are understanding the importance and accepting the concept of fortifying dairy products, which in turn is expected to boost sales of these products. However relatively higher cost of fortified dairy products than their non-fortified counterparts is likely to constrain their adoption to a certain extent.

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According to a recently collated report of Future Market Insights, the global market for fortified dairy products has been envisaged to reflect a splendid rise between the forecast period 2017 and 2026. More than US$ 150,000 Mn worth of fortified dairy products are estimated to be sold around the world by 2026-end.

APEJ to Remain Dominant in Global Fortified Dairy Products Market

Asia-Pacific excluding Japan (APEJ) will continue latching on to its position of being the dominant region in the global fortified dairy products market, mainly driven by high demand from its emerging countries such as India and China. The flourishing food industry along with surging consumer awareness and growing penetration of food fortification technology will influenced development and demand for fortified food products in the region. Europe and North America will also prevail as remunerative regions for the market growth, owing to soaring demand for healthy dietary supplements among consumers in the region, who are becoming increasingly health-conscious.

Milk has prevailed as the largest consumed dairy product globally, and is the prime source for micronutrients that include potassium, magnesium, calcium and vitamin D. Milk powder and formula are considered to be a step above than milk in offering these nutrients while retaining the effectiveness over time, and have gained immense traction among the global population. Fortified milk powder and formula therefore is expected to remain the leading revenue contributor to the market, based on product type. Flavored milk has also gained huge consumer interest on the back of their taste and flavor, and are also expected to remain a lucrative product in the market.

Key Research Findings from the Report

  • Vitamins will remain dominant among micronutrients in global fortified dairy products market, in terms of revenues

  • Modern trade is anticipated to spearhead the market based on sales channel, accounting for the largest revenue share of the market through the forecast period

Competition Tracking

With the rise in use of fortified dairy products, fortifying agent manufacturers are concentrating on the identification of new micronutrients along with the development of innovative solutions for end-product manufacturers. A key challenge for fortified dairy product manufacturers is the provision of high calcium comprising products meanwhile retaining their taste and appealing properties. Key companies that actively contribute to growth of the global fortified dairy products market include Nestlé S.A., BASF SE, General Mills, Inc., Danone, Bright Dairy & Food Co., Ltd., China Modern Dairy Holdings Ltd., Arla Foods UK Plc, GCMMF Ltd., Dean Foods Company, and Fonterra Group Cooperative Limited.

Food fortification has gained a significant momentum worldwide as an effective way for combating micronutrient deficiency, thereby alleviating issues related to “hidden hunger”. Dairy products are deemed to be balanced source of people’s dietary requirements. Different steps used for processing and storing dairy products have different measurable impacts on specific nutrients. Consumers across the globe are becoming more and more health-conscious, demanding dairy products that are healthy and capable of preventing illness, in addition to being flavorful. As consumption of functional food comprising nutraceuticals is being increasingly encouraged, fortified dairy products incorporated with these ingredients has gained enormous interest.

Future Market Insights has published a new comprehensive research report titled, “Fortified Dairy Products Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2026)”. The report covers present market scenario as well as imparts future growth prospects of the fortified dairy products market for the period between 2017 and 2026. The report also engulfs key drivers, hindrances, opportunities and trends that are affecting expansion of the global fortified dairy products market. The report offers an overall picture of the global fortified dairy products market, in order to help businesses seeking opportunities for making investments in the market.

Structure of the Report

The report provides an exhaustive synopsis of the global fortified dairy products market, engulfing an executive summary that elucidates the core trends influencing the market expansion. This chapter also sheds light on impacts that the dynamics are likely to pose on growth of the market in the long run. The report also imparts figures appertaining to CAGRs from a historical and forecast point of view. An overview of the global fortified dairy products market follows the executive summary, and issues a clear picture of the market’s scope to the report readers. The overview includes a concise market introduction succeeded by a formal definition of “fortified dairy products”. Chapters subsequent to the overview elaborates several dynamics including driving factors, limitations and prospects being observed in the market through the forecast period. Meanwhile these chapter also inundate detailed insights related to the bottom line of enterprises, global economy and fiscal stimulus.

Market Taxonomy

A segmentation analysis offered in the report propounds forecasts on global fortified dairy products market. Categorizing the market in terms of sales channel, product type, micronutrients, and region. Analysis on Y-o-Y growth comparison, the market share comparison, and the revenue comparison coupled with relevant market numbers is offered in this chapter. Global market for fortified dairy products has been regionally divided into Japan, Middle East & Africa, Europe, Asia-Pacific excluding Japan, North America, and Latin America.

Region

Product Type

Micronutrients

Sales Channel

  • North America

  • Milk

  • Vitamins

  • Modern Trade

  • Latin America

  • Minerals

  • Convenience Stores

  • Europe

  • Flavored Milk

  • Other Fortifying Nutrients

  • Departmental Stores

  • Japan

 

  • Drug Stores

  • APEJ

  • Dairy Based Yogurt

 

  • Online Stores

  • MEA

  • Other Products

 

  • Other Sales Channel

Competition Landscape

This analytical research report on the global fortified dairy products market is a complete package, which includes intelligence on key participants underpinning the market expansion. In the last chapter of the report, which elucidates the competitive scenario of the market, strategies implemented by the market players, along with their product overview, company overview, key financials, key developments and SWOT analysis has been rendered exhaustively. In addition, region-wide spread of these market players, their future expansion plans, market shares, revenues, and mergers & acquisition activities between them have been described in detail in this concluding chapter of the report. An intensity map has been employed in the report to profile the market players situated across geographies.

Research Methodology

Credibility of the researched statistics and data is backed by the unique research methodology employed by the analysts at FMI, which ensures higher accuracy. FMI’s research report on the global fortified dairy products market can assist its readers in gaining detailed insights on many different aspects governing the market around key regional segments included in the report. The report readers can further slate key strategies for tapping into vital revenue pockets and gaining benefits over the intensifying competition in the market. Information presented in the report has been scrutinized and monitored thoroughly by FMI’s industry experts. Figures and numbers offered in the report have also been validated by the analysts in order to facilitate strategic decision making for the report readers.

Fortified Dairy Products Market Reports - Table of Contents

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Harish Tiwari

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Pranay Mhaisekar

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