PUBLISHER: Grand View Research | PRODUCT CODE: 1530623
PUBLISHER: Grand View Research | PRODUCT CODE: 1530623
The global fortified dairy products market size is anticipated to reach USD 173.19 billion by 2030 and is projected to grow at a CAGR of 5.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. There is a growing awareness of the importance of nutrition and its role in preventing chronic diseases and promoting overall health. Consumers are becoming more educated about the benefits of vitamins and minerals, leading to a preference for products that offer added health benefits. Fortified dairy products, which are enriched with essential nutrients such as vitamins D and B, calcium, and omega-3 fatty acids, appeal to health-conscious consumers. These nutrients are crucial for bone health, immune function, and cardiovascular health. For instance, vitamin D-fortified milk helps in the absorption of calcium, which is vital for maintaining strong bones and preventing osteoporosis, especially in aging populations.
Fortification of dairy products is an effective strategy to address dietary deficiencies that are prevalent in many parts of the world. Deficiencies in essential nutrients such as vitamin D, iron, and calcium are common, particularly in regions where access to a varied diet may be limited. Fortified dairy products provide an accessible and efficient means to deliver these nutrients to a wide population. For example, vitamin D deficiency is a widespread issue, especially in countries with limited sunlight exposure. Fortifying milk and other dairy products with vitamin D helps mitigate this deficiency. Similarly, fortified dairy products can be crucial in addressing iron deficiency, which is a leading cause of anemia worldwide.
Technological advancements in food processing and fortification have made it easier and more cost-effective to produce fortified dairy products. Innovations in microencapsulation and bioavailability of nutrients have improved the stability and efficacy of fortified ingredients in dairy products. These advancements ensure that the nutrients added to dairy products are preserved throughout the product's shelf life and are effectively absorbed by the body. Moreover, advancements in production techniques have enabled manufacturers to fortify dairy products without compromising taste, texture, or overall quality. This has made fortified dairy products more appealing to consumers, driving up demand.
The dairy industry has seen a significant increase in the diversity and availability of fortified products. Manufacturers are introducing a wide range of fortified dairy products to cater to different consumer needs and preferences. These products include fortified milk, yogurt, cheese, and even ice cream.
The availability of various fortified options allows consumers to choose products that fit their dietary preferences and lifestyles. For instance, lactose-intolerant consumers can opt for lactose-free fortified milk, while those looking for weight management options can choose low-fat or skim-fortified milk. This diversity in product offerings has broadened the consumer base for fortified dairy products.
The demand for fortified dairy products is witnessing significant growth across different regions, driven by varying factors. In North America, the market is propelled by high health awareness and regulatory support. Consumers in this region are increasingly seeking out products with added health benefits, and stringent fortification regulations ensure the availability of such products. In the Asia Pacific region, rapid urbanization, rising disposable incomes, and growing health consciousness are driving the demand for fortified dairy products. The large population base in countries like China and India presents a substantial market opportunity for manufacturers.
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9.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
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9.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
9.3.2.2.1. Key country dynamics
9.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
9.3.2.3.1. Key country dynamics
9.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
9.3.2.4.1. Key country dynamics
9.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
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9.3.3.2.1. Key country dynamics
9.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
9.3.3.3.1. Key country dynamics
9.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
9.3.3.4.1. Key country dynamics
9.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
9.3.3.5.1. Key country dynamics
9.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
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9.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
9.3.4.2.1. Key country dynamics
9.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
9.3.5.2.1. Key country dynamics
9.3.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)