Fermented Milk Market Report, By Type (Cheese, Yogurt, Butter, Sour Cream), Distribution Channel (Specialty Stores, Supermarket & Hypermarket, Online Stores) and Geography- Global Market Share, Trend Analysis & Forecast

Fermented milk products improve digestibility, offer novel and exclusive flavours, added probiotics, vitamins, minerals, and perform as conservancy products for food that generally has a very short shelf life. These features of fermented dairy products propose a collection of health advantages. Fermented dairy products are an important source of probiotic bacteria. It is organized through injection of culture and enzymes, which alter lactose to lactic acid. This injection and fermentation process of milk provides several range of products such as butter, cheese, yoghurt, and Kefir. The most common bacterial strains utilized for fermentation process are Lactobacillus and Bifidobacterium. During the alteration process, numerous substances are freed such as diacetyl, acetic acid, and acetaldehyde, which assists to impart typical taste and aroma to the products. During fermentation process of kefir and koumiss, ethyl alcohol is also manufactured. These fermented dairy products not only convey taste but also delivers texture and consistency to certain products such as dips and sauces.

Market Dynamics- Global Fermented Milk Market

The major aspects for fermented milk market are surging the need for fermented milk in cosmetic products, dairy products and beverages. Growing consumer awareness concerning application of fermented milk-based products in daily life aids in improving the nutritious content of the food is one of the principal driving factors for the market globally.

Inclining consumer shift towards nutritive products supports to the development of the fermented milk market. Fermented milk products comprise of probiotic bacteria that provide a wide range of health advantages. The most important health advantages presented by these products enhances the digestibility. Along with health benefits, fermentation procedure benefits to extend the shelf life of dairy products and improves their taste and aroma. Thus, multiple characteristics displayed by fermented dairy products is accredited to the momentous growth of the market. 

Fermented Milk Market Segmental Overview

The study analyses global Fermented Milk market based on form, application, distribution channel and geography. 

• Cheese, yogurt, butter, sour cream are the major products of fermented milk. Fermented milk products such as yogurts have been consumed for quite a thousand years and the faith that they are advantageous to health is perhaps equally antique. But it is only in modern years that scientific provision for these theories has begun to grow. 
• Fermented milk products, like the milk from which they are produces, are highly rich in protein, vitamins and minerals. Though, in addition to these chastely nutritional characteristics, there is a rising support for a number of other health advantages. The evidence for some of these is stronger than for others. 
• Similarly, butter is a dairy product made by churning milk, a procedure that separates the solid fats from the buttermilk. Butter helps in enhancing the immune function and decrease the markers of inflammation to support better health. 
• Fermented milk products are accessible through specialty stores, supermarkets and online stores. Supermarkets are likely to overshadow other distribution channel as majority of consumers buy these products from supermarkets as people hate waiting for longer time. However, due to the advancement of the internet the trend of buying products online is likely to develop the market of online stores on a large scale.

Fermented Milk Market by Geography

Geographically, the market is studied for the key countries of North America, Europe, Asia Pacific and Rest of the World. North America and Europe are recognized to be the dominant regions in the fermented milk market. North America has observed higher rate of traction for different types of fermented milk products, because of their enlarged demand from consumers. Some of the key issues such as increase in health concerns, rise in per-capita income also plays a vital role in the complete growth of the fermented milk market.

Nevertheless, Asia-Pacific is anticipated to display momentous fermented milk market share in the future, due to growing demand for various types of fermented milk products such as butter and cheese consumed in fast food products. Moreover, the region has observed considerable surge in the number of millennials, who are in the pole position of consumers for fermented milk products. Therefore, rise in millennial population is expected to offer remunerative fermented milk market opportunities.

Growing health concerns has fueled the market for functional and fortified foods, which is generating the need for fermented milk products. Producers have been using fermented milk products since they are known to have multipurpose functional and nutritional properties such as providing richness, texture, flavor, and color to food products. 

Global Fermented Milk Market-Key Players

Arla Foods, Britannia Industries, Chobani, LLC, Danone, General Mills, Muller UK & Ireland Group LLP, Nestle SA, Parmalat S.p.A., Royal FrieslandCampina N.V., Yakult Danone India Pvt. Ltd., among others are the major players active in the Fermented Milk market.