Cultured Dairy Products - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Cultured Dairy Products Market is accounted for $41.94 billion in 2017 and is expected to reach $88.86 billion by 2026 growing at a CAGR of 8.7% during the forecast period. Some of the key factors influencing the market are new product launches and gaining prominence towards organic food and beverage products to the numerous health benefits. However, recall of products over various issues devices hampers the market growth of cultured dairy products market.
Cultured dairy products, or cultured milk products, are dairy foods that have been fermented with lactic acid bacteria such as Lactobacillus, Lactococcus, and Leuconostoc. The fermentation process increases the shelf life of the product, while enhancing the taste and improving the digestibility of milk.
Based on Product, Cheddar Cheese is expected to grow at a significant rate during the forecast period. Cheddar cheese is a relatively hard, off-white (or orange if colorings such as annatto are added), sometimes sharp-tasting, natural cheese.
By Geography, Asia pacific is anticipated to exhibit the considerable growth due to product capacity, production, value, consumption in this region. Asia Pacific has a substantial growth in the market because of high production of dairy products.
Some of the key players in Global Cultured Dairy Products market are Agropur Cooperative, AMUL, Arla Foods amba, Dairy Farmers of America, Inc., Danone, Dean Foods Company, Fonterra Co-Operative Group Limited, Groupe Lactalis SA, Parmalat S.P.A., Megmilk Snow Brand Co., Ltd., Meiji Co., Ltd., Nestle SA, Royal FrieslandCampina N.V., SanCor Cooperativas Unidas Limitada and Saputo, Inc.
Distribution Channel Covered:
• Food Specialist
• Hypermarkets and Supermarkets
• Independent Retailers and Convenience Stores
• Online Retailers
• Cheddar Cheese
• Cream Cheese
• Other Products
End Users Covered:
• Food Processing
• Food Service
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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