The global fermented dairy ingredients market size was worth around USD 5.2 Billion in 2022 and is predicted to grow to around USD 9.9 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 8.5% between 2023 and 2030.
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➤ Individuals’ growing health consciousness fuels the market’s expansion.
People’s awareness of their health is growing, especially among millennials and members of generation Z. These consumers’ openness to trying out novel flavors and textures has led to a noticeable demand for fermented foods and drinks, earning the beverage the moniker of “new social trendsetter.” The Food and Health Survey 2021 by the International Food Information Council (IFICx) reports that 23% of Americans choose low- or no-calorie sweeteners and that roughly 72% of Americans try to minimize or cut back on their sugar intake. The growing need among diabetics to cut back on their daily sugar intake is a significant factor driving the market’s revenue growth for fermented dairy ingredients.
➤ The market’s growth is hampered by an inadequate storage system.
The storage of dairy products is the main factor limiting the market for fermented dairy components. If milk is kept at room temperature, it spoils soon. An important difficulty facing manufacturers is finding the right way to store fermented dairy ingredients so that their shelf life may be prolonged. It is anticipated that the absence of an appropriate storage system will impede the expansion of the fermented dairy ingredients sector during the projected period.
➤ Growing consumer interest in sweetened milk offers a profitable prospect.
Growing consumer desire for flavored milk, like kefir, is one of the main drivers of the fermented dairy components market between 2022 and 2030. Kefir is a fermented beverage that is cultured and has a yogurt-like flavor. It’s made from starter grains, just like sourdough bread, which also requires a starter. Yeast, milk protein, and microorganisms make up this starting. It tastes tangy and creamy and is loaded with health benefits related to probiotics. Kefir’s health benefits are further enhanced by the wide spectrum of bioactive ingredients it contains, including peptides and organic acids.
➤ One significant problem with fermented products is their side effects.
Certain restricted amounts of fermented foods and beverages can have a number of detrimental effects on individuals. There can be adverse consequences for certain individuals. The most frequent adverse effect of fermented meals and drinks is an early and transient increase in gas and bloating because of their high probiotic content. posing a significant obstacle to the market expansion for fermented dairy components.
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The Global Fermented Dairy Ingredients Market is segmented based on product, application and region
Global Fermented Dairy Ingredients Market: Product Segment Analysis
● Natural Cheese
● Flavored Milk
● Yoghurt
Global Fermented Dairy Ingredients Market: Application Segment Analysis
● Bakery
● Dairy
● Snacks
● Others
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The global Fermented Dairy Ingredients market profiles key players such as:
● E. I. du Pont de Nemours and Company
● Koninklijke DSM
● Cargill Incorporated
● Chr. Hansen Holding
● Novozymes
● Kerry
● Bioprox
● Ingredion Incorporated
● Archer Daniels Midland Company
● Lake International Technologies
● Arla Foods Ingredients Group
● CSK Food Enrichment
???? Current Events:
• The global science-based firm Royal DSM, which focuses on nutrition, health, and sustainable living, has established an agreement with Koninklijke CSK Food Enrichment C.V., a provider of specialist dairy solutions, as announced in November 2019. Consumers are seeking out solution providers with a broad range of products and in-depth knowledge to help them deliver unique, delicious, and long-lasting final goods. The major food and beverage segment in DSM is dairy.
• DuPont Nutrition & Biosciences (Dupont N&B) launched Yo-Mix Prime cultures in April 2020; the product is marketed as “a new industry standard for yogurt makers.” By using a variety of cultures from the spectrum, formulators can expect improved control over texture, pH level, and stability of yogurt quality throughout distribution channels.
➤ Throughout the projected period, Europe is anticipated to control the market.
The European market for fermented food and ingredients is driven by the availability of suitable food processing facilities, a sophisticated dairy sector, and the growing demand for wholesome and delicious food. Yogurt is a fermented dairy product that has seen great growth in income in the market and is in high demand. It was produced after extensive research and development. Another fermented substance that many European chocolate manufacturers utilize is fermented cocoa.
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