Fermented Dairy Ingredients Market Is Predicted To Reach USD 5.53 Billion With A CAGR Of 9.1% According To Market Data Forecast Report.

Fermented Dairy Ingredients Market Is Predicted To Reach USD 5.53 Billion With A CAGR Of 9.1% According To Market Data Forecast Report.

ID: 7225 | October 2018 | Region: Global

Fermented Dairy Ingredients Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Fermented Dairy Ingredients Market is estimated to be USD 3.57 billion in 2016 and predicted to rise to USD 5.53 billion by 2021 with a CAGR of 9.1%. The market is segmented by Product Type (Cheese, Processed Cheese, Flavoured Milk, Yogurt, Drinkable Yogurt and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

Primary factors accounted for driving the market are increasing use of cheese and processed cheese in many types of food products, increasing use of drinkable yogurt in products like probiotic and prebiotic drinks and flavoured yogurts, increasing demand for flavoured milk. However, factors like strict regulation and storage problems are hindering the growth of market.

Cheese products hold the major share in the market due to their applications as a chief ingredient in many food products like bakery products, fast foods, also as an ingredient in many Italian dishes, breakfast foods, etc. Flavoured milk products are expected to grow the fastest due to increasing consumer preference for value added milk products like organic milks and smoothies as well as for enhancing taste.

Europe holds the major share in the market due to presence of a large dairy industry as well as large population base of fermented dairy product consumers. Asia Pacific is the fastest growing region due to increasing application of these products in food products as well as increasing demand.

Some of the key players dominating this market include Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, Chr. Hansen Holding A/S, Cargill Incorporated, Bioprox, Novozymes, Kerry Inc, Archer Daniels Midland Company, Ingredion Incorporated and Arla Foods Ingredients Group P/S.

Browse through the full report at https://www.marketdataforecast.com/market-reports/fermented-dairy-ingredients-market-7217/

and checkout our recent reports in the Processed Food category at https://www.marketdataforecast.com/subcategory/processed-food-15/

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