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Fermented Dairy Market Size 2024 to 2031.

04-05-2024 06:56 PM CET | Politics, Law & Society

Press release from: Report Prime

Market Overview and Report Coverage

The Fermented Dairy Market refers to the market for dairy products that are produced through the process of fermentation, which involves the addition of live bacterial cultures to milk. These products include yogurt, kefir, sour cream, and buttermilk. Fermented dairy products are known for their probiotic properties, which are believed to promote gut health and enhance digestion.
The Fermented Dairy Market is expected to experience significant growth in the coming years, with a projected CAGR of 8.00% during the forecasted period. This growth can be attributed to increasing consumer awareness about the health benefits of probiotics, rising demand for natural and functional food products, and the growing popularity of dairy alternatives. Additionally, the increasing prevalence of lactose intolerance and digestive disorders is driving consumers towards fermented dairy products as a gut-friendly alternative.
In terms of current outlook, the Fermented Dairy Market is witnessing a surge in product innovation and introduction of new flavors and varieties to cater to evolving consumer preferences. Market players are also investing in research and development activities to improve the taste, texture, and nutrient content of fermented dairy products. Overall, the Fermented Dairy Market is poised for steady growth in the future, driven by the increasing focus on health and wellness among consumers.

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Market Segmentation
The Fermented Dairy Market Analysis by types is segmented into:
• Cheese
• Flavoured Milk
• Yogurt

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The fermented dairy market includes various types such as cheese, flavored milk, and yogurt. Cheese is produced by separating curds and whey from milk, resulting in various textures and flavors. Flavored milk is regular milk with added flavors such as chocolate or strawberry. Yogurt is made by fermenting milk with live bacteria cultures, resulting in a creamy and tangy product. These fermented dairy products are popular due to their unique flavors, textures, and nutritional benefits.

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The Fermented Dairy Market Industry Research by Application is segmented into:
• Supermarket
• Beverage Shop
• Online Sales
• Others

Fermented dairy products, such as yogurt and kefir, have gained popularity in various markets including supermarkets, beverage shops, online sales, and other outlets. Supermarkets offer a wide variety of options for consumers looking to purchase fermented dairy products conveniently. Beverage shops often incorporate these products into smoothies and drinks. Online sales platforms provide a convenient way for consumers to purchase these products from the comfort of their homes. Other markets, such as health food stores or specialty shops, also cater to the growing demand for fermented dairy products.

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In terms of Region, the Fermented Dairy Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Fermented Dairy market?
Some emerging trends in the global fermented dairy market include the rise in demand for probiotic dairy products for gut health and overall well-being. There is also a growing interest in plant-based alternatives to traditional fermented dairy products, driven by concerns over environmental sustainability and animal welfare. Consumers are increasingly seeking out artisanal and locally-produced fermented dairy products for their unique flavors and higher quality. Additionally, the use of innovative fermentation techniques and flavors, as well as the introduction of new functional ingredients, are creating new opportunities for product differentiation and market expansion in the global fermented dairy market.

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Major Market Players
Groupe Danone is a multinational food-products corporation based in Paris, France. The company has a long history dating back to 1919 and has since grown into one of the largest dairy companies in the world. Groupe Danone has a strong presence in the fermented dairy market with its popular brands such as Actimel, Danio, and Activia.
In recent years, Groupe Danone has experienced steady market growth and has expanded its product offerings to cater to changing consumer preferences. The company has also focused on innovating its product lines to include healthier options and plant-based alternatives to meet the growing demand for dairy-free products.
In terms of market size, Groupe Danone is one of the key players in the global fermented dairy market, competing with other major players like Nestle and Kraft Heinz. With its strong brand reputation and wide distribution network, Groupe Danone has managed to maintain a significant share of the market.
In terms of sales revenue, Groupe Danone reported a total revenue of 24.7 billion euros in 2020, showcasing its strong financial performance and market position in the dairy industry.
Stonyfield is another notable player in the fermented dairy market, known for its organic yogurt products. The company was founded in 1983 and has grown into a leading organic dairy brand in the US.
Stonyfield has seen significant market growth in recent years, capitalizing on the increasing demand for organic and natural food products. The company's commitment to sustainable practices and environmental conservation has also resonated with consumers, further driving its market success.
With a focus on high-quality ingredients and innovative flavors, Stonyfield has carved out a niche in the competitive dairy market. The company's sales revenue in 2020 was approximately 400 million USD, highlighting its strong performance and growing market presence.

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