Published on : Dec 14, 2017
Albany, New York, December 14, 2017: The last two decades have seen the revival and globalization of numerous traditional fermented dairy products, as consumers seek new taste experiences. Increasing preference for flavored milk as a post-exercise drink has prompted consumers to look for healthier dairy products with better taste. This is expected to fuel the consumption of flavored milk, in turn, influencing the demand for ingredients required to produce fermented dairy beverages. Recently, a new study focusing on the global demand for fermented beverages products has been published to the online repository of Market Research Hub (MRH), with the title of “Fermented Dairy Ingredients Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017 -2027)”. This study offers a comprehensive outlook of the overall market covering some prime regions, such as North America, Latin America, Europe, Japan, APEJ and MEA. In addition, the study includes drivers and restraints of the global fermented dairy ingredients market and their impact on each region during the forecast period.
In many counties of the world, fermented beverages have become acknowledged for their health-promoting features. It has been analyzed that dairy ingredients add additional nutritional value and flavor to fermented products including drinkable yogurts. Presently, growing consumption of drinkable yogurt especially among early consumers is a primary driving factor for revenue growth of fermented dairy ingredients, especially in regions such as Central & Eastern Europe and Latin America. North America is expected to witness a significant rise especially in the U.S. owing to growing consumer preferences for value-added milk products such as flavored milk and organic milk, finds study. Also, countries with an increasing trend of per capita spending are likely to have a higher influence on the global fermented dairy beverage ingredients market.
According to the key findings, the global fermented dairy ingredient market is expected to surge at a notable CAGR of 8.7% during the forecast period of 2017-2027.
Yogurt Product Type Segment Expected to Witness Maximum Growth
Moving further, the research presents detailed segmentation of the global market of fermented dairy ingredients on the basis of product types, such as cheese, flavored milk, yogurt, and sweetener. It has been noted that the cheese product type segment is expected to hold maximum revenue share in the global fermented dairy ingredients market during the forecast period. Yogurt segment, on the other hand, is also expected to witness rapid growth at a CAGR of 9.2% over the period between 2017 and 2027.
Another important factor mentioned in the study is the increasing demand for sweeteners, which is creating a positive impact on the overall fermented dairy ingredients market. As the consumers are becoming health conscious, they like to prefer less-sugar products. Stevia is a sweetener and sugar substitute obtained from the plant leaves of stevia rebaudiana and manufacturers are increasingly using this as an alternative to sugar for application in the food and beverage sector.
In order to provide users of this report with a comprehensive view of the market, analysts have also included detailed competitiveness analysis and market key players and strategic overview of mergers and acquisitions along with their regional expansion plans.
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