Global Fermented Milk Products Market  Overview:

Owing to many health advantages associated to fermented milk products, the market is growing at an exponential pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report Global Fermented Milk Products Market Research Report- Forecast to 2024 that the market will demonstrate an exceptional CAGR 5.3 % while achieving good growth rapidly in the forecast period.

Furthermore, convenient incorporation of these products to gain various health benefits is also one of the main drivers in the development of Fermented Dairy Products Market. Growth of the functional food & beverages and nutraceuticals market has also provided an impulse for the increased demand of fermented milk products. Health factors like maintenance of gut health, enhanced body metabolism can be effectively addressed by including of fermented milk products into daily diet.

Health awareness and gut related disorders have prompted the growth of fermented milk products in the daily diet of individuals. Moreover, the sector is driven in a major way by the demand directed from the food & beverage and pharmaceutical sectors. Fermented milk products have also emerged as a potential functional food & beverage. Emergence in the fermented milk industry mainly, the probiotic & prebiotic ingredients with greater functional properties have created a new market edge. Improved focus on R&D and developments in the food flavors has supported the launch of new fermented milk products. There are strong prospects of fermented milk products use in the functional foods.

Global Fermented Milk Products Market Segments:

The global fermented milk products market has been divided into type, distribution channel, and region.

On the Basis of Type: Soured milk, Soured cream, Cheese, Yogurt, Kefir, and Others

On the Basis of Distribution Channel: Store Based and Non-store Based

On the Basis of Region: North America, Europe, Asia Pacific, and ROW

Global Fermented Milk Products Market - Competitive Analysis:

Key manufacturers are focusing on expansion of their product line by adding value additions to their existing products. With the increasing acceptance of fermented milk products among consumer, the market will see significant growth in next few years. Also, key players in the fermented milk products market are involved in introducing new products, backed by sustained efforts in R&D. End-use segments including functional beverages, and functional food for gut health with various formulations in fermented milk products is a major factor that is fueling the growth of global fermented milk products market.

Top Manufactures:

The key players profiled in fermented milk products market report are Danone (France), Nestle (Switzerland), General Mills Inc. (U.S.), Lifeway Foods, Inc. (U.S.), Valio Ltd. (Finland), Mother Dairy Fruit & Vegetable Pvt. Ltd. (India), and Morinaga Milk Industry Co., Ltd (Japan) among many others.

Global Fermented Milk Products Market - Regional Analysis:

The global fermented milk products market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the fermented milk products market. Japan and China have the major consumption of fermented foods which is likely to support the market growth of fermented milk products. Additionally, increasing awareness of the healthy food habits and increasing disposable income of the consumers in India is driving the global fermented milk products market. Furthermore, increased demand of functional foods & beverages such as probiotic products in the food & beverage industry is considered to be a key driver in this region. Moreover, increasing rate of gut related diseases in European countries like Germany and France has uplifted the demand for fermented milk products in this region which is expected to boost the growth of the fermented milk products market during the review period.

Know More about the Report: https://www.marketresearchfuture.com/reports/fermented-milk-market-4581

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