Fortified Dairy Products Market – Global Opportunities & Forecast, 2020-2027

 

The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.

Competitive Rivalry of the Fortified Dairy Products Market:

The leading players in the fortified dairy products market include Nestle S.A., General Mills, Inc., Danone, BASF SE, Bright Dairy & Food Co., Ltd., China Modern Dairy Holdings Ltd., GCMMF Ltd., Dean Foods Company, Arla Foods UK Plc, and Fonterra Group Cooperative Limited, among others.

Drivers of the Fortified Dairy Products Market:

The growing consumption of dairy products, coupled with the fundamental shift in the consumer’s preference towards healthy diet patterns, are the major factors driving the growth of the global fortified dairy products market. The other factors surging the growth of the global dairy products market include the rapidly rising disposable income and an enhanced standard of living of the consumers globally. In addition to this, the growing demand for fortified dairy products due to the swift change in the consumption patterns of people will further boost the growth of the market. Furthermore, the increasing consumer awareness associated with the nutritional value provided by dairy products will further support the market growth for fortified dairy products. Additionally, the market is becoming more mainstream thanks to the growing need for nutrition-rich food products, coupled with the rising spending power of consumers. On the other hand, the high cost of the fortified dairy products and other dairy products will hamper the emerging demand of the global fortified dairy products market.

Based on the region, the Asia-pacific region is expected to dominate the market during the forecast period due to the growing dairy products' growing consumption, followed by the strong demand for nutritional dairy products in this region. Moreover, the increasing health awareness among consumers and the rapidly rising disposable income of the population will further propel the fortified dairy products market in this region.

Market Segmentation:

The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:

Breakup by Product Type:

·         Milk

·         Milk Powder & Formula

·         Flavored Milk

·         Cheese

·         Dairy Based Yogurt

·         Others

Breakup by Micronutrient:

·         Vitamins

·         Minerals

·         Others

Breakup by Processing Method:

·         Ultra-Heat Treatment

·         Pasteurization

·         Spray Drying

·         Others

Breakup by Distribution Channel:

·         Online stores

·         Hypermarkets

·         Specialised Stores

·         Others

Breakup by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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