Research Reports
Fortified Dairy Products Market to reach USD 223,441 million in 2032
According to Future Market Insights (FMI), The Global Fortified Dairy Products Market size was estimated at USD 109,485 million in 2021 and expected to reach USD 223,441 million in 2032, at a CAGR 6.7%.
Among the many uses in the food and beverage business, the dairy industry is thought to be a promising one. Although dairy products are high in critical nutrients, certain processing processes, such as ultra-heat treatment, spray drying, pasteurization, and heating, cause specific nutrients to be lost. It is consequently critical to replenish lost nutrients, and fortification of dairy products has proven to be an efficient technique of doing so.
With soaring utilization of fortified dairy products, the fortifying agent manufacturers have been concentrating on identification of novel micronutrients in accordance with the development of new, innovative solutions for manufacturers of end-products. A major challenge that prevails for manufacturers of fortified dairy products is the provision of required calcium content comprising products while retaining the products’ taste and appealing properties. Companies actively contributing to growth of global fortified dairy products market, as profiled by FMI’s report, include Fonterra Group Cooperative Limited, BASF SE, Nestlé S.A., General Mills, Inc., Bright Dairy & Food Co., Ltd., Danone, China Modern Dairy Holdings Ltd., GCMMF Ltd., Arla Foods UK Plc, and Dean Foods Company.
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Need to Replenish Lost Nutrients drives Penetration of Fortification into Dairy Products
The dairy industry is one of the most promising among various applications in the food and beverage sector. Although dairy products are deemed as excellent source of essential nutrients, many processing methods that include ultra-heat treatment, pasteurization, spray drying, and heating result into loss of certain imperative nutrients. Replenishing lost nutrients has therefore become imperative, and fortification has emerged as a highly effective method for retaining lost nutrients in dairy products. Moreover, dairy products that are fortified with vitamin D enable improvement in the absorption rate of calcium along with maintaining blood calcium level.
Health-conscious consumers have commenced consumption of yogurts, eyeing them as healthier alternatives to the dairy products including ice creams and milkshakes, which are rich in calories. Accelerated penetration of fortification technology into yogurts has further propelled sale of functional food products. Several countries around the world are better understanding importance of fortification and accepting practice of fortifying dairy products, thereby boosting sales of these products. On the other hand, relatively higher price of fortified dairy products compared to their non-fortified counterparts will curb their adoption among developing and low-income countries to a certain extent.
Modern Trade to Remain Leading Sales Channel for Fortified Dairy Products
In terms of revenues, modern trade is expected to remain the leading sales channel for fortified dairy products, with an estimated market share of over 30% during the forecast period. Revenues from fortified dairy products sales in convenience stores and departmental stores will also remain significant, collectively poised to close in approximately similar to those obtained from sales in modern trade.
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Although vitamins will remain dominant among micronutrients used for fortifying dairy products in terms of revenues, sales of minerals are expected to register the fastest growth in the market through 2026.
Competition Tracking
With the rise in use of fortified dairy products, fortifying agent manufacturers are concentrating on the identification of new micronutrients along with the development of innovative solutions for end-product manufacturers. A key challenge for fortified dairy product manufacturers is the provision of high calcium comprising products meanwhile retaining their taste and appealing properties.
Key companies that actively contribute to growth of the global fortified dairy products market include Nestlé 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, and Fonterra Group Cooperative Limited.
Market Taxonomy
Product Type
- Milk
- Milk Powder and Formula
- Flavored Milk
- Cheese
- Dairy Based Yogurt
- Other Products
Micronutrients
- Vitamins
- Minerals
- Other Fortifying Nutrients
Sales Channel
- Modern Trade
- Convenience Stores
- Departmental Stores
- Drug Stores
- Online Stores
- Other Sales Channel
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Related Reports:
APAC Functional Food Ingredients Market – The APAC functional food ingredients market is estimated to be valued at USD 4,138.7 Mn in 2022.
Fresh Figs Market – The fresh figs market is valued at nearly US$ 1.4 Bn in 2022. The market is likely to grow at a CAGR of 5.3% through 2032 with a projection value of US$ 2.3 Bn.
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