Latin America Fermented Dairy Ingredients Market

Latin America Fermented Dairy Ingredients Market Size, Share, Growth (2022-2027)

Latin America Fermented Dairy Ingredients Market was worth USD 510.75 million in 2022 and estimated to be growing at a CAGR of 9.9%, to reach USD 818.84 million by 2027.

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

Latin America Fermented Dairy Ingredients Market Segmentation

Based on Product Type

• Cheese

• Processed Cheese

• Flavoured Milk

• Yogurt

• Drinkable Yogurt

Latin America Fermented Dairy Ingredients Market Regional Analysis

• Brazil

• Argentina

• Mexico

• Rest of Latin America

Brazil the major share in the market due to presence of a large dairy industry as well as a large population base of fermented dairy product consumers. Argentina 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.

Latin America Fermented Dairy Ingredients Market Keyplayers

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