The cultured non-fat dairy ingredients market size is expected to see steady growth in the next few years. It will grow to $17.13 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The anticipated growth in the upcoming period can be attributed to several factors, including the rapid expansion of e-commerce, the growth of cold chain logistics, heightened focus on food safety measures, advancements in precision agriculture, and increased adoption of remote monitoring in healthcare. Key trends expected in the forecast period encompass the emergence of 5G technology, ongoing technological advancements, integration of wireless connectivity solutions, advancements in sensor technologies, as well as growing concerns regarding data security and privacy.
The anticipated increase in demand for dairy-based beverages is poised to drive the growth of the cultured non-fat dairy ingredients market in the foreseeable future. Dairy-based beverages encompass drinks made from or containing dairy products such as milk, yogurt, or buttermilk. Cultured non-fat dairy ingredients are utilized to impart distinct tastes, moisture content, and appealing organoleptic qualities to dairy-based beverages. For example, data from the Food and Agriculture Organization, a specialized agency of the United Nations based in Italy, projects world milk production in 2022 to reach approximately 930 million tons, marking a 0.6% increase from 2021. In Asia, the leading milk-producing region globally, milk output in 2022 is anticipated to reach nearly 419 million tons, indicating a 2.1% year-on-year increase. Additionally, milk output in Central America and the Caribbean is forecast to reach 19.7 million tons, up by 1.2% from 2021. Consequently, the growing demand for dairy-based beverages is fueling the expansion of the cultured non-fat dairy ingredients market.
Key players in the cultured non-fat dairy ingredient market are actively pursuing innovative solutions, such as offering a pure form of fat-free milk and providing convenient and healthy protein options. Fat-free milk, also known as skim milk, is milk from which the milk fat has been removed, resulting in a fat-free product. For instance, in June 2021, Parag Milk Foods, an India-based company specializing in the manufacturing, marketing, and sale of milk and milk products, introduced a fat-free milk variant under their premium milk brand, Pride Cows. This fat-free milk variant is produced and packaged at one of India's most technologically advanced dairy farms, ensuring its purity with all fats removed. The product is positioned as highly nutritious, pure, and fresh, following a farm-to-home business model that ensures freshness and purity. Through this launch, the company aims to cater to consumers seeking the goodness of Pride of Cows milk without the fat content.
In December 2023, Archer Daniels Midland Company, a US-based food processing company, acquired Revela Foods to enhance its presence in the flavors and ingredients category, particularly in dairy and savory flavor segments. Revela Foods, a US-based food ingredient company specializing in dairy flavor ingredients and solutions, aligns with Archer Daniels Midland Company's strategic objectives to expand its portfolio and strengthen its position in key market segments.
Major companies operating in the cultured non-fat dairy ingredients market report are Cargill Incorporated, Nestle S.A., Lactalis Group, Yili Group, China Mengniu Dairy Company Limited, FrieslandCampina, Saputo Inc., Arla Foods, Meiji Holdings Co. Ltd., Schreiber Foods Inc., Megmilk Snow Brand Co. Ltd., Sodiaal Group, Valio Ltd., Meadow Foods Limited, Volac International Ltd., Dairy Farmers of America, Inc., DairyChem, Cayuga Milk Ingredients, Socius Ingredients LLC, Ingredia Dairy Experts, EPI Ingredients, AMCO Proteins, Dairy Connection Inc., Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF), Lifeway Foods Inc., Danone S.A., Mother Dairy Fruit & Vegetable Pvt. Ltd, Morinaga Milk Industry Co.
North America was the largest region in the cultured non-fat dairy ingredients market in 2023. The regions covered in the cultured non-fat dairy ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cultured non-fat dairy ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cultured non-fat dairy ingredients market consists of sales of non-fat dairy yogurt, sour cream, yogurt, and lactose-free cottage cheese. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
Cultured non-fat dairy ingredients are dairy products that undergo fermentation with lactic acid bacteria, resulting in reduced or non-existent fat content. These ingredients are produced by culturing milk, cream, partially skimmed milk, or skim milk with appropriate bacteria. The primary purpose of cultured non-fat dairy ingredients is to impart unique flavors, moisture, and functional properties to a variety of foods.
The main types of processes involved in producing cultured non-fat dairy ingredients are natural and artificial. A natural process refers to a sequence of incidents or interactions that occur spontaneously rather than being intentionally initiated by humans. Natural processes help preserve the desirable organoleptic properties of dairy products, such as flavor, aroma, and texture. Various types of certifications are available for these products, including organic compliance, kosher certification, and conventional certification. Cultured non-fat dairy ingredients are available in both liquid and powder forms and are distributed through various channels, including direct sales, indirect sales, store-based retailing (such as hypermarkets or supermarkets, convenience stores, discount stores, and independent small groceries), as well as online retail platforms.
The cultured non-fat dairy ingredients market research report is one of a series of new reports that provides cultured non-fat dairy ingredients market statistics, including cultured non-fat dairy ingredients industry global market size, regional shares, competitors with a cultured non-fat dairy ingredients market share, detailed cultured non-fat dairy ingredients market segments, market trends and opportunities, and any further data you may need to thrive in the cultured non-fat dairy ingredients industry. This cultured non-fat dairy ingredients market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Cultured Non-Fat Dairy Ingredients Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on cultured non-fat dairy ingredients market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description:
Where is the largest and fastest growing market for cultured non-fat dairy ingredients ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cultured non-fat dairy ingredients market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Process: Natural; Artificial2) By Nature: Organic Compliant And Citified; Kosher Certified; Conventional
3) By Form: Liquid; Powder
4) By Distribution Channel: Direct Sales; Indirect Sales; Store-Based Retailing; Hypermarkets Or Supermarkets; Convenience Stores; Discount Stores; Independent Small Groceries; Online Retail.
Key Companies Mentioned: Cargill Incorporated; Nestle S.A.; Lactalis Group; Yili Group; China Mengniu Dairy Company Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cargill Incorporated
- Nestle S.A.
- Lactalis Group
- Yili Group
- China Mengniu Dairy Company Limited
- FrieslandCampina
- Saputo Inc.
- Arla Foods
- Meiji Holdings Co. Ltd.
- Schreiber Foods Inc.
- Megmilk Snow Brand Co. Ltd.
- Sodiaal Group
- Valio Ltd.
- Meadow Foods Limited
- Volac International Ltd.
- Dairy Farmers of America Inc.
- DairyChem
- Cayuga Milk Ingredients
- Socius Ingredients LLC
- Ingredia Dairy Experts
- EPI Ingredients
- AMCO Proteins
- Dairy Connection Inc.
- Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF)
- Lifeway Foods Inc.
- Danone S.A.
- Mother Dairy Fruit & Vegetable Pvt. Ltd
- Morinaga Milk Industry Co.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | March 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 14.19 Billion |
Forecasted Market Value ( USD | $ 17.13 Billion |
Compound Annual Growth Rate | 4.8% |
Regions Covered | Global |