Value-added dairy products are poised for growth
Dairy products with extra benefits are poised to grow globally
That’s the value by which the global probiotic drinks market is forecast to grow between 2020 and 2024, progressing at a compound annual growth rate (CAGR) of 9%. The market is being driven by the health benefits of probiotic drinks, as well as the prominence of probiotic drinks in weight management.
Source: “Probiotic Drinks Market by Product and Geography — Forecast and Analysis 2020-2024,” Infiniti Research Ltd., Elmhurst, Ill.
That’s the expected CAGR for the global ultra-high-temperature (UHT) milk industry between 2019 and 2024. The growth is driven by factors such as a rise in the demand for lactose-free milk and increasing outreach through various distribution channels.
Source: “Global UHT Milk Market: Focus on Type, Distribution Channel and Region — Analysis and Forecast, 2019-2024, BIS Research Inc., Fremont, Calif.
That’s the value the global organic dairy food and drinks market is projected to reach by 2026, growing at a CAGR of 8.9% during the forecast period. An increase in the introduction in innovative products such as protein-based milk drinks and flavored drinks is helping to fuel market growth.
Source: “Organic Dairy Food and Drinks - Global Market Outlook (2017-2026),” Stratistics Market Research Consulting, Secunderabad, India.
That’s the expected CAGR for the global A2 milk market between 2019 and 2025. Growth drivers include an increasing number of cases of gastrointestinal problems, a rising preference for healthful and nutritional food, and more.
Source: “A2 Milk Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2025,” Infinium Global Research, Pune, India.