Flavored Milk Emerges as Preferred Variant, Bolstering Growth of Fortified Dairy Products Market
The fortified dairy products market has been witnessing the introduction of an extensive range of dairy products in the recent past. In addition to dairy-based products, creamy products such as yogurts, cheese, cream cheese, fromage frais, milkshakes and flavored milk, are witnessing immense popularity. Increasing consumer interest in health food is giving an uptick to sales of popular dairy foods such as yogurts.
The packaged food industry further sustains the demand for cheese, soft cheese, and similar products. From the fortification point of view, it is technically easier and more suitable to fortify dairy-based cream products owing to their highly viscous nature that prevents sedimentation, unlike liquid (beverage) products. This is likely to push demand for fortified dairy products.
Moreover, flavored milk is rapidly latching on to the soaring consumer interest, attributed to its great taste and flavor. This has increased consumption of fortified dairy products. The aforementioned factors will support the growth of fortified dairy products market in the coming half decade.
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Sales of Vitamins Segment to Surge in Fortified Dairy Products Market; Minerals Register Faster Growth
In terms of revenue generation, vitamins have been the largest segment, contributing to the overall sales of global fortified dairy products market, where vitamins contribute more than half of market share within global fortified dairy products market owing to increased demand from vitamins deficient population.
However, the next few years are expected to observe bolstered growth of minerals segment, attributed to their importance as essential micronutrients in fortified dairy products.
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Fortification of Milk and Derived Products to Gather Momentum
Manufacturers and experts state that milk and dairy products are an easy vehicle for fortification than most of other foods. Proven results of fortified dairy products in terms of reduction in nutrient deficiency conditions will reportedly continue to support revenue generation.
As far as dairy products are concerned, they are popularly known as calcium-rich foods and some popular fortified dairy foods such as milk are available in the market since the last couple of years.
Being a rich source of calcium, vitamin D, potassium, and magnesium, milk remains the most recommended food for consumers of all ages which is likely to bolster the demand of fortified dairy products during forecast period.
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Emerging Markets from Asia to Exhibit Potential Growth in Fortified Dairy Products Market
World Health Organization (WHO) and the Food and Agricultural Organization (FAO) collectively portray food fortification as an important strategy to fight the prevalence of childhood and adult malnutrition, especially in underdeveloped countries and remote areas of developing countries, which has resulted in increased demand for fortified dairy products.
In addition, growing awareness among population about benefits of dairy product consumption is evidently resulting in higher spending on fortified food, which will push sales up in fortified dairy products market. India and Japan collectively are anticipated to witness attractive growth opportunities for fortified dairy products in the near future. APEJ is likely to remain the largest market for fortified dairy products, following a robust pace over the forecast period.
Moreover, favorable regulations that are aimed at malnutrition elimination and rapidly surging awareness of fortified dairy products within the population will act as strong drivers of revenue generation in the Middle Eastern market. African market for fortified dairy products is also foreseen to follow a steady pace in near future.
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Product Portfolio Strengthening to Remain Market Imperative
Tier 1 fortified dairy products market players such as Nestle SA, BASF SE and Danone SA etc, have been expanding their product portfolio in the potential markets such as United States, India, China, Germany etc.
To develop new applications of fortified dairy products, companies are investing money in research and development to strengthen their product portfolio with innovative fortified dairy products such as breakfast milk drink, flavored protein milk drinks etc.
For instance, in the year 2018, the company Nestle USA, launched Nesquik-SuperBreakfast protein-rich milk drink. This has helped Nestle USA boost its revenue with new fortified dairy product offerings in market.
Fortified Dairy Products Market: Segmentation
FactMR’s study has done the segmentation of fortified dairy products market on the basis of product type, micronutrients, sales channel and region.
Fortified dairy products market is anticipated to witness a notable upsurge during the forecast period 2019 to 2026, conferring to a new Fact.MR study. The study promotes crucial trends that are presently determining the growth of fortified dairy products market.
This newly published and perceptive report sheds light on vital dynamics, which are likely to convert the future of fortified dairy products market, in turn generating worthwhile opportunities for key companies as well as evolving players who are interested in the production of fortified dairy products.
Fortified dairy products market study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the growth of fortified dairy products market.
The report primarily conveys a summary of fortified dairy products market, considering present and upcoming dairy industry scenarios, to reveal striking sides relating to the acceptance of fortified dairy products across prominent regional markets.
A detailed assessment on few of the fortified dairy products producers and suppliers accessible in the report allows the report readers to obtain detailed findings that have resulted from fortified dairy products supply chain analysis, business execution, and value chain analysis across the regional markets incorporated in the report.
A list of prominent companies functioning in fortified dairy products market provided in the report enhances reliability of this ample research study.
Fortified Dairy Products Market: Report Summary and Scope
Study offers a comprehensive overview on diverse features that are inducing demand, revenue generation and sales in fortified dairy products market across the globe.
A comprehensive estimate on fortified dairy products market has also been made accessible by the experts, who have considered the market estimates on the basis of a likely scenario, an optimistic scenario, and a conservative scenario regarding sales of fortified dairy products during the forecast period.
Analysis and estimation of price point comparison by region and by product type with the global average price has been included in this study.
Fortified Dairy Products Market: Analysis on Market Size Evaluation
Predictions of fortified dairy products market, encompassing current as well as forthcoming projected values estimates and analysis on region-wise demand trends and price index have been assimilated in the report.
Market estimates at the regional and global scale for fortified dairy products are available in terms of “US$ Mn.” A Y-o-Y growth contrast on prominent fortified dairy products market segments, along with the market attractiveness valuation computes understandings brought in the report.
Metrics mentioned above are also followed based on fortified dairy products applications where fortified dairy products witness a steady demand.
Fortified Dairy Products Market: Scrutinized Assessment on Regional Segments
Weighted sections have been elaborated in the report on fortified dairy products market, which delivers projection on the regional markets.
These chapters brighten the regional macros (political, economic, and business environment outlook), which are expected to have a significant impact on the growth of fortified dairy products market during period of forecast.
Country-specific valuation on demand for fortified dairy products has been offered for each regional market, along with the market scope estimate and forecast, price index, price point assessment, and impact analysis of dynamics of prominent regions and countries.
For all regional markets Y-o-Y growth estimates have also been incorporated in the report.
Fortified Dairy Products Market: In-depth Analysis on Competitive Landscape
The report ends with a section on the competition scenario of fortified dairy products market, along with the profiles of major companies contributing to the market expansion.
Essential and up-to-date data as well as information correlated to the market performers, who principally engage in the production and supply of fortified dairy products, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to plan preemptive steps to advance their businesses.
Company profiles have been shared in the report, which exerts essentials such as product portfolio, along with an all-inclusive SWOT analysis on each player recognized along with the company policies identification and analysis.
The company presence mapped and presented through the matrix for all the prominent players of the market functioning in fortified dairy products market offers readers with actionable intellect, which helps in thoughtfully presenting the market status, and making decisive predictions on the competition levels in fortified dairy products market.
Major companies operating in global fortified dairy products market, include BASF SE, Arla Foods, Bright Dairy & Food Co., Ltd., China Mengniu Dairy Company Limited, Danone SA, Dean Foods Company, Fonterra Co-operative Group Limited, General Mills, Inc., Gujarat Cooperative Milk Marketing Federation Ltd, Nestle S.A. and others.
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