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Cultured Dairy Product Market Trends

  • Report ID: GMI10093
  • Published Date: Jul 2024
  • Report Format: PDF

Cultured Dairy Product Market Trends

An emergent trend in the cultured dairy product industry, significantly impacting growth, is the rising consumer demand for plant-based and alternative cultured dairy products. This trend is fueled by increasing awareness of lactose intolerance, veganism, and environmental concerns related to traditional dairy farming. Consumers are gravitating towards plant-based options made from almond, soy, coconut, and oat milk, which are perceived as healthier and more sustainable alternatives. This shift has led to a proliferation of innovative products, including plant-based yogurts, kefirs, and cultured creams, which are designed to mimic the taste and texture of traditional dairy while offering added health benefits such as probiotics.
 

The growth of this trend is further supported by advancements in food technology, enabling manufacturers to improve the taste, texture, and nutritional profile of plant-based cultured products, making them more appealing to a broader audience. Moreover, the introduction of clean-label and organic variants aligns with the growing consumer preference for transparency and minimally processed foods. This has driven manufacturers to innovate and market products that meet these criteria, expanding the cultured dairy product market reach.
 

Marketing strategies emphasizing the health benefits, environmental impact, and ethical considerations of plant-based cultured dairy products have also played a crucial role in their adoption. Influencer endorsements, nutritionist recommendations, and strategic branding efforts highlighting these aspects have enhanced consumer awareness and acceptance.
 

Additionally, the expansion of distribution channels, including online retail and health food stores, has made these products more accessible to a wider audience. This accessibility, combined with targeted marketing and continuous product innovation, has significantly contributed to the robust growth of the plant-based cultured dairy product segment within the broader cultured dairy market. As a result, the market is poised for sustained expansion, driven by evolving consumer preferences and ongoing advancements in product development.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of cultured dairy product was reached USD 40.4 billion in 2023 and is anticipated to register over 5.6% CAGR between 2024 and 2032, driven by increasing consumer awareness about health benefits.

The yogurt segment in the cultured dairy product market generated USD 14.17 billion in 2023 and is expected to attain over USD 23.15 billion by 2032, backed by improved digestion and enhanced immunity.

North America cultured dairy product market size crossed USD 13.83 billion in 2023 and is expected to reach USD 27.07 billion, favored by perceptions of health benefits, convenience, and taste preferences.

Amul, Arla Foods, Chobani LLC, Danone, Dean Foods Company, Fage International S.A., FrieslandCampina, General Mills (Yoplait), Lactalis, Meiji Co., Ltd, Müller Group, Nestlé, Parmalat S.p.A., and Sodiaal

Cultured Dairy Product Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 532
  • Countries covered: 23
  • Pages: 300
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