Cultured Dairy Products Market Size, Share, Growth and Industry Analysis by Type (Yoghurt, Cheese, Cream, And, Others), By Application (Food Processing, Foodservice, And, Retail), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Cultured Dairy Products Market REPORT OVERVIEW

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The global cultured dairy products market size was USD 43620 million in 2022 and is projected to touch USD 67100.7 million by 2031, exhibiting a CAGR of 4.9% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Cultured dairy products are a diverse range of dairy foods that undergo fermentation by adding beneficial bacteria or live cultures. This process enhances their taste, texture, and nutritional value. Examples include yogurt, kefir, sour cream, and buttermilk. Cultured dairy products are known for their probiotic properties, providing gut-friendly bacteria that promote digestive health.

These products are rich in protein, calcium, and other essential nutrients. With their wide availability and versatility, cultured dairy products have become popular choices for snacks, desserts, and ingredients in various cuisines around the world. All of these factors have contributed in the growth of the cultured dairy products market share.

COVID-19 Impact: Closure of Restaurants, and, Cafes During Pandemic Increased Market Growth

The pandemic of COVID-19 resulted in lockdowns. Initially, there was a surge in demand for these products as consumers stockpiled essential food items. People sought out nutritious options like yogurt and kefir, known for their probiotic benefits and long shelf life. However, as the pandemic progressed, the closure of restaurants, cafes, and other food service establishments resulted in a decline in bulk orders for cultured dairy products.

Additionally, disruptions in the supply chain and labor shortages posed challenges for production and distribution. Despite these setbacks, the popularity of at-home cooking and focus on healthy eating habits have sustained the demand for cultured dairy products among consumers. However, the market had a tough time during the breakout of infectious coronavirus.

LATEST TRENDS

"Rise of Plant-based Alternatives to Boost Market Growth"

In recent years, several trends have emerged in the realm of cultured dairy products. One notable trend is the rise of plant-based alternatives to traditional dairy-based cultured products. Manufacturers are introducing options such as almond milk yogurt, coconut milk kefir, and soy-based sour cream, catering to the growing demand for dairy-free and vegan options. Another trend is the incorporation of innovative flavors and ingredients, such as exotic fruits, spices, and superfoods, to create unique and indulgent cultured dairy products. Additionally, there is a focus on clean label products, with consumers seeking natural, organic, and minimally processed options. All of these are considered to be the latest trends in the cultured dairy products market.

Cultured Dairy Products Market SEGMENTATION

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• By Type:

The market can be divided into the following on the basis of type as follows:

Yoghurt, cheese, cream, and, others. The yoghurt segment is projected to hold the dominant market share through 2031.

• By Application:

The market can be divided into the following on the basis of application as follows:

Food processing, foodservice, and, retail. The food processing segment is predicted to dominate the market through the forecast period.

DRIVING FACTORS

"Growing Awareness Regarding Benefits of Probiotics to Amplify Market Growth"

Several driving factors contribute to the growth and popularity of cultured dairy products. Firstly, the increasing awareness of the health benefits associated with probiotics and gut health has led consumers to seek out cultured dairy products rich in beneficial bacteria. These products are known to support digestion and boost immunity. Secondly, the growing interest in alternative diets, such as vegetarian, vegan, and lactose-free, has fueled the demand for plant-based cultured dairy alternatives.

 Additionally, the versatility of cultured dairy in cooking, baking, and as standalone snacks appeals to consumers looking for convenient and nutritious options. Lastly, the focus on sustainability and environmentally friendly practices has prompted the development of eco-friendly packaging and production methods in the cultured dairy industry.

"Growing Influence of Social Media and Food Bloggers to Accelerate Market Development"

In addition, to the aforementioned factors, there are several other driving forces behind the success of cultured dairy products. The influence of social media and food bloggers plays a significant role as they showcase various recipes and creative uses of cultured dairy products, generating interest and driving consumption. The desire for clean and natural ingredients without artificial additives or preservatives has also led consumers to choose cultured dairy over conventional alternatives.

 Furthermore, the demand for convenience and on-the-go options has spurred the development of portable and single-serve cultured dairy products. Lastly, the increasing focus on personalization and customization in the food industry has driven the availability of flavored, low-fat, and specialty varieties, catering to diverse consumer preferences and dietary needs. All of these factors have propelled cultured dairy products market growth.

RESTRAINING FACTOR

"High Prevalence of Lactose Intolerance to Decrease Market Growth"

While the cultured dairy products industry continues to grow, there are some restraining factors that pose challenges to its development. One such factor is the increasing prevalence of lactose intolerance and dairy allergies, leading to a limited consumer base for traditional dairy-based cultured products. Additionally, the rising popularity of plant-based alternatives has created competition for market share.

Economic factors, such as fluctuating milk prices and production costs, can impact the affordability and profitability of cultured dairy products. Furthermore, regulatory requirements and food safety standards can impose compliance burdens on manufacturers. Lastly, consumer perceptions and misconceptions about the fat content and health implications of cultured dairy can also hinder their adoption among certain demographic groups.

Cultured Dairy Products Market Regional Insights

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"Europe to Dominate Market During Forecast Period"

Europe is predominantly occupying the market share in terms of sales and revenue. The leading region in the production and consumption of cultured dairy is Europe. European countries, such as France, Germany, and Greece, have a long-standing tradition and expertise in dairy production.

The region is renowned for its diverse range of high-quality and artisanal cultured dairy, including yogurt, cheese, and fermented milk drinks. European consumers have a strong affinity for these products, integrating them into their daily diets. The region's well-established dairy industry, coupled with stringent quality standards and regulations, ensures consistent product excellence.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Arla Foods (Denmark)
• Bel Brands USA (U.S.)
• BelGioioso Cheeses (U.S.)
• Boar's Head (U.S.)
• Cabot Creamery (U.S.)
• Calabro (U.S.)
• Cappiello Foods, Inc. (U.S.)
• Chobani (U.S.)
• Crystal Farms (U.S.)
• Dairygold Co-Operative Society (Ireland)
• Danone (France)
• Dansko Food (Turkey)
• Dean Foods (U.S.)
• Devondale Murray Goulburn (Australia)
• Dlecta (India)
• Fonterra (New Zealand)
• Franklin Foods (U.S.)
• General Mills (U.S.)
• Glanbia group (Ireland)
• Grande Cheese Company (U.S.)
• Great Lakes Cheese (U.S.)
• Kraft (U.S.)
• Lactalis Group (France)
• Land O Lakes (U.S.)
• Leprino Foods (U.S.)
• Materne North America Corp (U.S.)
• Mozzarella Company (U.S.)
• Open Country Dairy (New Zealand)
• Organic Valley (U.S.)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. A list of the key industry players has also been mentioned to give a better understanding of the competition that is prevailing in this market.