Functional Dairy Products Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Functional Dairy Products Market by region.
Global Functional Dairy Products Market is valued at approximately USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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Functional dairy products are a type of dairy product that comprises additional nutrition by integrating new ingredients or more existing ingredients. This dairy product is formed with more crucial elements for a balanced diet and it acts as an energy booster for consumers. The surging demand for nutrient-dense food, rising focus on gut health, and increasing purchasing capacity of the population are primarily attributed to the market demand across the globe.
The flourishing demand for functional food and beverage is acting as a catalyzing factor for the demand for functional dairy products, which is anticipated to surge the global market expansion. According to Statista, the global functional food and beverage market in 2021 was valued at USD 281.14 billion. Also, it is anticipated to grow and reach USD 529.66 billion by the year 2028. Therefore, increasing health consciousness is enduring to prioritize their health and nutrition that may support the market development into the worldwide market. The rising inclination toward a healthy diet, as well as a robust product portfolio by key market players, are leveraging the growth of the market in the foreseen years. However, a lack of awareness about the presence of functional dairy products and the availability of substitute products are hindering market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Functional Dairy Products Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the rising awareness regarding healthy well-being and increasing disposable income. Whereas, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Factors such as rising availability of resources, increasing aging population, as well as the growing popularity of functional food, are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
- Archway Food Group
- General Mills Inc.
- Anand Milk Union Limited
- Dairy Farmers of America Inc.
- Kraft Foods Inc.
- Arla Foods UK Plc.
- Nestle SA
- Parmalat S.P.A
- Megmilk Snow Brand Co. Ltd
- Dean Foods Company
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Recent Developments in the Market:
In May 2021, Arla Foods invested USD 2 Million with the aim of strengthening its production facility in order to meet ever increasing demand for cheese in Japan.
In June 2022, Danone North America announced the introduction of Activia+ Multi-Benefit Probiotic Yogurt Drinks that comprises billions of active and live probiotics, which aid in supporting one’s gut health. Also, the product is considered an excellent source of zinc and vitamin D & C for improving the immune system.
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.
The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
Yogurt
Cheese
Butter
Milk
Others
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By End-User:
Retail / Household
HoReCa
F&B Industry
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
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Scope of the Report:
The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.
Our Functional Dairy Products Market Report is divided into several chapters to provide readers with a comprehensive understanding of the market.
Chapter 1 includes the scope of the report, research methodology, and other relevant information regarding the report’s contents.
Chapter 2 provides an executive summary, including the global Functional Dairy Products market size, sales and revenue, and compound annual growth rate (CAGR). It also includes the Functional Dairy Products market size by region, type, and application, historical data from 2018 to 2023, and a forecast until 2030.
Chapter 3 focuses on Functional Dairy Products market sales, revenue, average price, global market share, and industry ranking by company from 2018 to 2023.
Chapter 4 presents global Functional Dairy Products Market sales and revenue by region and country. It provides country-specific data and market value analysis for regions including the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America, and the Middle East and Africa.
Chapters 5 through 8 delve deeper into the market, focusing on sales segments by country and type for each region including the Americas, APAC, Europe, and the Middle East and Africa.
Chapter 9 analyzes current market trends, market forecasts, opportunities, and economic trends that may affect the future of the marketplace.
Chapter 10 examines the manufacturing cost structure analysis of the market.
Chapter 11 explores sales channels, distributors, and customers.
Chapter 12 presents a world forecast review for geographic regions.
Chapter 13 analyzes key players in the market.
Chapter 14 provides research findings and a conclusion.
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