Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.2 Billion | USD 9.9 Billion | 8.5% | 2022 |
FrequentlyAsked Questions
Fermented milk or dairy products, also called cultured dairy food products, are generally fermented with the help of lactic acid bacteria. This kind of fermentation method extends the shelf life of food products along with improving the products’ important aspects, such as digestibility, taste, etc.
Increasing demand and popularity for frozen dairy products from the dairy ingredients market are anticipated to result in high investments made in varied dairy items, such as yogurt, fermented, and fresh cheese. This is also likely to contribute to the growing focus of the key players in the fermented dairy ingredients market to develop their production capacity. In addition, competition, particularly in sweeteners, is likely to experience a steady rise in the upcoming years.
According to the report, the global market size was worth around USD 5.2 billion in 2022 and is predicted to grow to around USD 9.9 billion by 2030.
The global fermented dairy ingredients market is expected to grow at a CAGR of 8.5% during the forecast period.
The global fermented dairy ingredients market growth is expected to be driven by Europe. It is currently the world’s highest revenue-generating market owing to the availability of proper food processing facilities, and an advanced dairy market.
The global fermented dairy ingredients market is dominated by players like E. I. du Pont de Nemours and Company, Koninklijke DSM, Cargill Incorporated, Chr. Hansen Holding, Novozymes, Kerry, Bioprox, Ingredion Incorporated, Archer Daniels Midland Company, Lake International Technologies, Arla Foods Ingredients Group, CSK Food Enrichment, DairyChem, Epi Ingredients, CP Ingredients, Socius Ingredients, Dairy Connection, The Tatua Cooperative Dairy Company, and Corbion among others.
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