The market for Fortified milk and milk products is expected to be worth USD 110 billion in 2022 and increase at a compound annual growth rate (CAGR) of 4.3% to reach USD 167 billion by 2032. According to recently released data from Future Market Insights’ market analysis, the demand for fortified milk and milk products worldwide is expected to increase by 2.9% year over year (Y-o-Y) in 2022.
Dairy products that have been enhanced or fortified with micronutrients, such as vitamins and minerals, that consumers of various age groups are deficient in, are known as fortified milk and milk products. Milk is one of the dairy products that is consumed most frequently worldwide because of its many uses and high nutritious content.
To Unlock the Nutritional Power, Order Your Fortified Milk Sample Report Today :
Fortified Milk and Milk Products Market Driven by Growing Consumers’ Demand for Healthy Food Products
Every customer has heard the adage "health is wealth" since money cannot be made without good health. Customers are aware of what they eat. They are looking for high-quality, health-promoting food products. Additionally, this category of food goods includes fortified milk and milk products. Minerals and vitamins abound in fortified milk. One of the key factors behind the industry's growth is the health advantages of consuming fortified milk and milk products.
Fortified Milk and Milk Products Market: Region-wise Analysis
The greatest market for fortified milk and milk products is North America because of the high level of disposable income in the region. However, because of the developing economies of the nations that make up the Asia Pacific area—China, India, and Japan, for example—the region is predicted to dominate the market.
Over the course of the forecast period, the rapid development of the economies and populations of the majority of Asia Pacific nations will contribute to the rise of fortified milk and milk products.
Boost Your Nutrition and Obtain Your Fortified Milk Products Right Now :
Use promo code ->> FMITODAY to get flat 20% discount
Fortified Milk and Milk Products Market Restraint
While raw milk is easily accessible, fortified varieties are more costly. Over the course of the forecast period, the cost of buying fortified milk and milk products is anticipated to be a significant factor pulling the market downward.
For those who are ready to pay the price, fortified milk and milk products are available. Fortified milk's high cost poses a challenge to the worldwide market for fortified milk and related goods, which will limit the industry's growth in the near future.
Fortified Milk and Milk Products Market: Competitive Landscape
- Arla Foods UK Plc.
- Dean Foods Company
- GCMMF ltd
- Kraft Foods Group, Inc.
- Fonterra Group Cooperative Limited
- Nestle SA
- Sancor Cooperativas Unidas Limited
- Royal FrieslandCampina N.V.
Get a Customised Report with Local Market Analysis and Key Players in the Dairy Industry :
Global Fortified Milk and Milk Products Market Segment Analysis
The global fortified milk and milk products market can be segmented on the following basis:
- Milk Powder and Formula
- Dairy-Based Yogurt
- Flavored Milk
- Vitamin A, C, D