Europe Fermented Dairy Ingredients Market

Europe Fermented Dairy Ingredients Market  Size and Growth Analysis:

Europe Fermented Dairy Ingredients Market was worth USD 1617.35 million in 2021 and is estimated to be growing at a CAGR of 8.7%, to reach USD 2454.44 million by 2027.

Europe Fermented Dairy Ingredients Market Overview:

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 flavored yogurts, and increasing demand for flavored milk. However, factors like strict regulation and storage problems are hindering the growth of the market.

Europe Fermented Dairy Ingredients Market Segmentation:

The Europe 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

Europe Fermented Dairy Ingredients Market geographical Analysis

Based on geographical analysis, the market is divided into regions of

• U.K

• Germany

• France

• Italy

• Spain

U.K. holds the major share in the market due to the presence of a large dairy industry as well as a large population base of fermented dairy product consumers. Italy is the fastest-growing region due to the increasing application of these products in food products as well as increasing demand. Cheese products hold a major share in the market due to their applications as a chief ingredient in many food products like bakery products, and fast foods, also as an ingredient in many Italian dishes, breakfast foods, etc. Flavored milk products are expected to grow the fastest due to increasing consumer preference for value-added milk products like organic milk and smoothies as well as for enhancing taste.

Europe Fermented Dairy Ingredients Market Key players:

1. Koninklijke DSM N.V.

2. E. I. du Pont de Nemours and Company

3. Chr. Hansen Holding A/S

4. Cargill Incorporated

5. Bioprox

6. Novozymes

7. Kerry Inc

8. Archer Daniels Midland Company

9. Ingredion Incorporated

10. Arla Foods Ingredients Group P/S