Fortified Dairy Products Market

Fortified Dairy Products Market is anticipated to grow at a higher CAGR during forecast period due to increasing consumer’s preference towards healthy diet patterns.

Fortification is a process that is used to enrich the quality of dairy products by adding micronutrients, such as vitamins, minerals, and other nutrients. This process helps in improving the nutritional value of the product by adding these micronutrients. Vitamin A, Vitamin D, and iron are widely used for the fortification process of dairy products. The fortified dairy products help to reduce the rate of deficiencies and common diseases among the consumers of various age groups. Ultra-heat treatment, pasteurization, spray drying, and other processes are used for the fortification of dairy products.

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The accelerated consumption of dairy products, along with the fundamental shift in the consumer’s preference towards healthy diet patterns, are the key drivers of the global fortified dairy products market. The other factors propelling the growth of the global dairy products market include the rapidly increasing disposable income and improved standard of living of the consumers at the global level. In parallel, the rising demand for fortified dairy products driven by the significant change in the consumption patterns of people will further surge the growth of the market. Additionally, the growing consumer awareness regarding nutritional value offered by dairy products will further enhance the market growth for fortified dairy products. Moreover, the market is becoming more mainstream thanks to the emerging need for nutrition-rich food products, followed by the increasing spending power of consumers. On the other edge, the high cost of the fortified dairy products as compared to other dairy products might hinder the growing demand of the global fortified dairy products market.

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Based on the product type, the Milk segment is anticipated to grow at a higher CAGR during the forecast period attributed to the drastic increase in the consumption of milk across the globe. Milk contains high nutritional value and has a wide range of applications such as in ice creams, production of chocolates, and other dairy-related products. The flavored milk type is also growing at a higher CAGR owing to the easy availability of different flavors and the changing consumption pattern of consumers. The flavored milk products play a vital role in the growth and development of infants, kids, and adults.

Based on the micronutrients, the Vitamins segment is dominating the market over the forecast period. Vitamin A, vitamin C, and Vitamin D are widely used in dairy products and help to reduce the rate of deficiencies among consumers. In addition to this, vitamin D helps to maintain the calcium level of blood and improves the absorption rate of calcium. Minerals such as zinc, iron, copper, iodine, folic acid, and selenium also help to enhance the growth of the consumers.

Based on the processing method, the Ultra-Heat Treatment processing method is expected to grow at a higher CAGR during the forecast period. The accelerated usage of this processing method for the production of milk driven by its ability to sterilize liquid food by heating, is the key factor driving the growth of the segment. The pasteurization processing method is projected to lead the market. This process removes pathogens and increases the shelf life of fortified dairy products, which is the main reason for the segment’s growth.
Based on the distribution channel, the Online stores distribution channel is witnessing a higher CAGR during the forecast period due to the easy availability of fortified dairy products at one platform. The hypermarkets distribution channel is also expected to grow at a higher CAGR during the forecast period as it offers different types and brands of fortified dairy products at a better price range.

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Based on the region, the Asia-pacific region is projected to dominate the market over the forecast period owing to the increasing consumption of dairy products, along with the strong demand for nutritional dairy products in this region. In addition to this, the growing health awareness among consumers, coupled with the rapidly increasing disposable income of the population, will further boost the fortified dairy products market in this region.

Various notable players operating in the market include Nestle S.A., BASF SE, General Mills, Inc., Danone, Bright Dairy & Food Co., Ltd., China Modern Dairy Holdings Ltd., Arla Foods UK Plc, GCMMF Ltd., Dean Foods Company, Fonterra Group Cooperative Limited, among others.

Key Developments:

• • In 2018, Fonterra Group Cooperative Limited announced a joint partnership with Future Consumer Ltd to produce a wide range of foodservice and consumer dairy products to fulfil the increasing demand for high-quality dairy nutrition in India.
  • In 2019, Nestle S.A. acquired a new food fortification technology from researchers to address the nutritional deficiency in New Zealand.
  • In 2018, Nestle S.A. opened a production unit to expand its range of fortified powdered milk in Cameroon.

The global fortified dairy products market has been segmented on the basis of product type, micronutrient, processing method, distribution channel and region. Based on product type, the market is segmented into milk, milk powder & formula, flavored milk, cheese, dairy based yogurt, and others. Based on micronutrient, the market is segmented into vitamins, minerals, and others. Based on processing method, the market is segmented into ultra-heat treatment, pasteurization, spray drying and others. Based on distribution channel, the market is segmented into specialized stores, hypermarkets, online stores, and others.

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Key questions answered in this research report:

• • At what pace is global fortified dairy products market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global fortified dairy products market? What will be the impact of drivers and restraints in the future?
  • Which product generated maximum revenues in 2019 and identify the most promising product type during the forecast period?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global fortified dairy products market?
  • What are the various Processing Method areas of global fortified dairy products market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation:

Global Fortified Dairy Products Market by Product Type

• • Milk
  • Milk Powder & Formula
  • Flavored Milk
  • Cheese
  • Dairy Based Yogurt
  • Others

Global Fortified Dairy Products Market by Micronutrient

• • Vitamins
  • Minerals
  • Others

Global Fortified Dairy Products Market by Processing Method

• • Ultra-Heat Treatment
  • Pasteurization
  • Spray Drying
  • Others

Global Fortified Dairy Products Market by Distribution Channel

• • Specialized Stores
  • Hypermarkets
  • Online Stores
  • Others

Global Fortified Dairy Products Market by Region

• • North America Fortified Dairy Products Market
    (Option 1: As a part of the free 25% customization)
    • North America Fortified Dairy Products Market by Product Type
    • North America Fortified Dairy Products Market by Micronutrient
    • North America Fortified Dairy Products Market by Processing Method
    • North America Fortified Dairy Products Market by Distribution Channel
    • United States of America (US) Fortified Dairy Products Market All-Up
    • Canada Fortified Dairy Products Market All-Up
  • Europe Fortified Dairy Products Market
    (Option 2: As a part of the free 25% Customization)
    • Europe Fortified Dairy Products by Product Type
    • Europe Fortified Dairy Products by Micronutrient
    • Europe Fortified Dairy Products Market by Processing Method
    • Europe Fortified Dairy Products Market by Distribution Channel
    • United Kingdom (UK) Fortified Dairy Products Market All-Up
    • Germany Fortified Dairy Products Market All-Up
    • France Fortified Dairy Products Market All-Up
    • Spain Fortified Dairy Products Market All-Up
    • Rest of Europe Fortified Dairy Products Market All-Up
  • Asia-Pacific Fortified Dairy Products Market
    (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Fortified Dairy Products Market by Product Type
    • Asia-Pacific Fortified Dairy Products Market by Micronutrient
    • Asia-Pacific Fortified Dairy Products Market by Processing Method
    • Asia-Pacific Fortified Dairy Products Market by Distribution Channel
    • China Fortified Dairy Products Market All-Up
    • India Fortified Dairy Products Market All-Up
    • Japan Fortified Dairy Products Market All-Up
    • Rest of APAC Fortified Dairy Products Market All-Up
  • RoW Fortified Dairy Products Market
    (Option 4: As a part of the free 25% Customization)
    • RoW Fortified Dairy Products Market by Product Type
    • RoW Fortified Dairy Products Market by Micronutrient
    • RoW Fortified Dairy Products Market by Processing Method
    • RoW Fortified Dairy Products Market by Distribution Channel
    • Brazil Fortified Dairy Products Market All-Up
    • South Africa Fortified Dairy Products Market All-Up
    • Saudi Arabia Fortified Dairy Products Market All-Up
    • UAE Fortified Dairy Products Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Fortified Dairy Products Market All-Up

Global Fortified Dairy Products Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Nestle S.A.
  • BASF SE
  • General Mills, Inc.
  • Danone
  • Bright Dairy & Food Co., Ltd.
  • China Modern Dairy Holdings Ltd.
  • Arla Foods UK Plc
  • GCMMF Ltd.
  • Dean Foods Company
  • Fonterra Group Cooperative Limited