Asia Pacific Fermented Dairy Ingredients Market was worth USD 680.97 million in 2018 and estimated to be growing at a CAGR of 11.9%, to reach USD 1194.76 million by 2023. Fermented Dairy Ingredients are the milk products that are produced by fermenting milk with beneficiary bacteria.
Fermented milk products, also known as cultured dairy foods are the dairy foods that have been fermented with lactic acid bacteria. The fermentation process extends the shelf life of the product, also enhancing its taste and digestibility. These products like cheese are one of the essential ingredients of many food products like bakery foods, fast foods, etc. A range of different Lactobacilli strains has been grown in laboratories allowing for a wide range of cultured milk products with different tastes.
Primary factors accounted for driving the market are increasing use of cheese and processed cheese in many types of food products, increasing use of drinkable yogurt in products like probiotic and prebiotic drinks and flavoured yogurts, increasing demand for flavoured milk. However, factors like strict regulation and storage problems are hindering the growth of market.
The Asia Pacific market for Fermented Dairy Ingredients is segmented based on Product Type. Based on Product Type it is divided into Cheese, Processed Cheese, Flavoured Milk, Yogurt, Drinkable Yogurt and Others. Based on geographical analysis, the market is divided into regions of China, India, Japan, South Korea and Australia. India holds the major share in the market due to presence of a large dairy industry as well as large population base of fermented dairy product consumers. Australia is the fastest growing region due to increasing application of these products in food products as well as increasing demand. Cheese products hold the major share in the market due to their applications as a chief ingredient in many food products like bakery products, fast foods, also as an ingredient in many Italian dishes, breakfast foods, etc. Flavoured milk products are expected to grow the fastest due to increasing consumer preference for value added milk products like organic milks and smoothies as well as for enhancing taste.
Some of the key players dominating this market include Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, Chr. Hansen Holding A/S, Cargill Incorporated, Bioprox, Novozymes, Kerry Inc, Archer Daniels Midland Company, Ingredion Incorporated and Arla Foods Ingredients Group P/S,
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product Type
5.1.1 Introduction
5.1.2 Cheese
5.1.3 Processed Cheese
5.1.4 Flavoured Milk
5.1.5 Yogurt
5.1.6 Drinkable Yogurt
5.1.7 Others
5.1.8 Y-o-Y Growth Analysis, By Product Type
5.1.9 Market Attractiveness Analysis, By Product Type
5.1.10 Market Share Analysis, By Product Type
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product Type
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Koninklijke DSM N.V.
8.1.1 Overview
8.1.2 Product Type Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 E. I. du Pont de Nemours and Company
8.3 Chr. Hansen Holding A/S
8.4 Cargill Incorporated
8.5 Bioprox
8.6 Novozymes
8.7 Kerry Inc
8.8 Archer Daniels Midland Company
8.9 Ingredion Incorporated
8.10 Arla Foods Ingredients Group P/S
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
