Global Fermented Milk Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 292.50 Billion |
 Market Size (Forecast Year) |
USD 435.46 Billion |
 CAGR |
% |
| Major Markets Players |
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Global Fermented Milk Market Segmentation, By Type (Cheese, Yogurt, Butter, Sour Cream, and Others), Distribution Channel (Specialty Stores, Supermarket and Hypermarket, Online Stores, and Others) – Industry Trends and Forecast to 2031.
Fermented Milk Market Analysis
The fermented milk market is experiencing growth driven by increasing health consciousness and demand for probiotic products. Recent advancements include improved fermentation techniques, such as the use of advanced starter cultures and biotechnology for better flavor and texture. Innovations in packaging, such as extended shelf-life options and the rise of functional fermented milk products, are further boosting market growth.
Fermented Milk Market Size
The global fermented milk market size was valued at USD 292.50 billion in 2023 and is projected to reach USD 435.46 billion by 2031, with a CAGR of 5.1% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
|
Attributes |
Fermented Milk Key Market Insights |
|
Forecast Period |
2024 to 2031 |
|
Base Year |
2023 |
|
Historic Years |
2022 (Customizable to 2016 - 2021) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (Cheese, Yogurt, Butter, Sour Cream, and Others), Distribution Channel (Specialty Stores, Supermarket and Hypermarket, Online Stores, and Others) |
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Countries Covered |
U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA). |
|
Market Players Covered |
DSM (Netherlands), DuPont (U.S.), Amway Corp. (U.S.), The Nature's Bounty Co. (U.S.), Nestlé SA (Switzerland), Premier Nutrition Corporation (U.S.), NOW Foods (U.S.), Glanbia plc (Ireland), Herbalife International of America, Inc. (U.S.), and Bionova (India) |
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Market Opportunities |
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Fermented Milk Market Definition
Fermented milk is milk that has undergone fermentation by lactic acid bacteria, transforming lactose into lactic acid. This process thickens the milk, imparts a tangy flavor, and enhances its digestibility and shelf life. Common fermented milk products include yogurt, kefir, and buttermilk, each offering probiotic benefits that support gut health and improve the immune system.
Fermented Milk Market Dynamics
Drivers
- Increasing Lactose Intolerance
The rising demand for convenience foods, driven by urbanization and busy lifestyles, fuels the growth of the cassava starch market. Cassava starch's binding, thickening, and stabilizing properties make it a vital ingredient in processed foods. For instance, it is extensively used in ready-to-eat meals, instant soups, and sauces, meeting the need for quick and easy meal solutions while contributing to the market's expansion.
- Growing Demand for Functional Foods
The growing demand for functional foods is a significant driver for the fermented milk market. Fermented milk products, such as kefir and yogurt, offer health benefits beyond basic nutrition, including improved digestion and enhanced immune function. For instance, Greek yogurt, rich in probiotics and protein, has seen a surge in popularity among health-conscious consumers, boosting market growth as more individuals seek functional, health-enhancing food options.
Opportunities
- Advancements in Fermentation Technology
Advancements in fermentation technology, such as precision fermentation and controlled microbial processes, significantly enhance product quality, shelf life, and nutritional value. For instance, companies such as Yakult and Danone utilize advanced fermentation to produce probiotics with consistent health benefits and longer shelf life. These improvements create market opportunities by meeting consumer demand for high-quality, health-focused fermented milk products, thereby driving growth and expanding market reach.
- Innovative Product Offerings
Companies are introducing innovative fermented milk products with unique flavors, varied textures, and enhanced nutritional benefits, attracting a wider consumer base. For instance, in July 2024 Yakult has expanded its product line with new probiotic drinks Yakult Light Mango Flavour targeting different age groups, while Danone has launched high-protein Greek yogurts with added vitamins. These innovations not only cater to diverse consumer preferences but also create opportunities for market expansion and increased brand loyalty.
Restraints/Challenges
- Shelf Life Issues
Fermented milk products have a relatively short shelf life compared to other dairy items, which leads to increased wastage and significant logistic challenges. This limited shelf life complicates distribution and storage, necessitating faster turnover and more stringent inventory management. Consequently, the need for efficient supply chain solutions and frequent product replenishment adds to operational costs, thereby hindering market growth and limiting profitability.
- Competition from Plant-Based Alternatives
The rise in popularity of plant-based milk alternatives presents a substantial challenge to the fermented milk market. As more consumers choose dairy-free options for health, ethical, or environmental reasons, the demand for traditional fermented milk products diminishes. This shift affects market growth by reducing the consumer base for dairy-based products and intensifying competition with non-dairy substitutes that offer similar functional benefits.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Fermented Milk Market Scope
The market is segmented on the basis of type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Cheese
- Yogurt
- Butter
- Sour Cream
- Others
Distribution Channel
- Specialty Stores
- Supermarket and Hypermarket
- Online Stores
- Others
Latest Developments in Fermented Milk Market
- In April 2020, DuPont N&B introduced an innovative culture series for fermented dairy ingredients, setting a new benchmark for yoghurt production. This launch aimed to enhance the quality and consistency of yoghurt, making it a notable advancement in the industry for manufacturers seeking superior results
Fermented Milk Market Regional Analysis
The market is analyzed and market size insights and trends are provided by country, type and distribution channel as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
North America dominates the fermented milk market, driven by rising health consciousness and shifting consumption patterns. The increasing consumer interest in therapeutic products with probiotic bacteria is fueling market growth. This trend reflects a broader shift towards health-focused and functional foods within the region.
Asia-Pacific is expected to dominate the fermented milk market due to a shift towards commercialized fermented soy milk and dairy products. New technologies are enhancing traditional fermentation methods, driving consumer interest and accelerating market growth. This region's preference for both traditional and innovative dairy options fuels the expansion of the fermented dairy market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Fermented Milk Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- DSM (Netherlands)
- DuPont. (U.S.)
- Amway Corp. (U.S.)
- The Nature's Bounty Co. (U.S.)
- Nestlé SA (Switzerland)
- Premier Nutrition Corporation (U.S.)
- NOW Foods (U.S.)
- Glanbia PLC (Ireland)
- Herbalife International of America, Inc. (U.S.)
- Bionova (India)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
