Functional Milk Market - Global Outlook and Forecast 2024-2029

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THE GLOBAL FUNCTIONAL MILK MARKET IS EXPECTED TO REACH USD 41.74 BILLION BY 2029 FROM USD 27.00 BILLION IN 2023, GROWING AT A CAGR OF 7.53% DURING THE FORECAST PERIOD.

The Functional Milk Market Size, Share, & Trends Analysis Report By

  • Form: Powder and Liquid
  • Applications: Immunity & Disease Management, Weight Management, Clinical Nutrition, and Others
  • Age: 14–19, 20–64, 1–13, and 64 & Above
  • Distribution Channel: Hypermarkets, Convenience Stores, Online, Grocery Stores, Specialty Stores, and Institutional Sales
  • Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.

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FUNCTIONAL MILK MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2029)USD 41.74 Billion
Market Size (2023)USD 27 Billion
CAGR (2023-2029)7.53%
HISTORIC YEAR2019-2022
BASE YEAR2023
Forecast Year2024-2029
Market SegmentsForm, Applications, Age, Distribution Channel, and Geography
Geographic AnalysisNorth America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERSABBOTT, Danone, Lactalis International, and Nestlé
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MARKET INSIGHTS

The global functional milk market was valued at USD 27.00 billion in 2023 and is expected to reach USD 41.74 billion by 2029, growing at a CAGR of 7.53%. The growing trend of health consciousness and a preference for nutritional-rich products has significantly influenced consumer choices in the food and beverage industry. With a simultaneous rise in obesity rates, there has been an increased demand for functional milk in the market. Consumers are becoming more aware of the impact of their dietary choices on overall well-being, leading to a shift towards healthier options. Functional milk, enriched with nutrients like vitamins, minerals, and probiotics, aligns with this health-focused mindset. Also, clean-label products, characterized by transparency in ingredients and minimal processing, resonate well with individuals seeking wholesome and natural food options. The functional milk market fits into this category by offering the nutritional benefits of traditional milk and additional health-promoting elements. This includes ingredients supporting immune health, aiding digestion, or contributing to overall vitality.

The rise in obesity rates has prompted individuals to reevaluate their dietary habits, seeking products that taste good and provide functional benefits. With its health-enhancing properties, the functional milk market has emerged as a viable solution for those looking to balance between enjoying dairy products and making healthier choices. Furthermore, the presence of manufacturers significantly influences the functional milk market in North America by ensuring product quality, safety, and innovation. Moreover, established manufacturers often invest in research and development, leading to a diverse range of functional milk products that cater to consumer preferences and health trends.

MARKET TRENDS & DRIVERS

Introduction of Clean Label Products in Functional Milk

The growing consumer preference for clean-label products has significantly increased the demand for functional milk. Clean-label products are characterized by simple and easily understandable ingredient lists, free from artificial additives and preservatives. As consumers become more health-conscious and seek transparency in their food choices, they are turning towards functional milk that provides essential nutrients and aligns with their clean eating preferences. Furthermore, functional milk, improved with vitamins, minerals, and other bioactive compounds, caters to consumers' health and wellness needs. These products often boast improved digestion, enhanced immune support, and better nutritional profiles. These functional milk products' clear and straightforward labeling resonates with consumers looking for wholesome, minimally processed options. For instance, Dairy Farmers of America focuses on developing clean label solutions such as no artificial color, no artificial flavor, and more, which increases the consumer base and demand for the products in the market.

Vendors Focus on Product Innovation

Product innovation is pivotal in shaping the functional milk market dynamics, significantly impacting consumer preferences and industry competition. The introduction of novel ingredients, formulations, and technologies has the potential to revolutionize the way consumers perceive and engage with functional milk products. Innovations such as fortification with vitamins, minerals, probiotics, or other health-enhancing components can address evolving consumer demands for wellness and nutritional benefits. These advancements cater to health-conscious consumers and provide opportunities for market differentiation among competitors. Moreover, product innovation can stimulate consumer interest, drive market growth, and establish a brand's reputation as an industry leader. As the functional milk market evolves, businesses that embrace and implement innovative strategies will likely gain a competitive edge, fostering sustainability and growth in an increasingly dynamic market landscape.

SEGMENTATION INSIGHTS

INSIGHTS BY FORM

The powder form segment dominated the global functional milk market in 2023 and is projected to continue the trend during the forecast period. This notable growth can be attributed to various factors. First, the appeal of powder lies in its extended shelf life, addressing concerns related to product longevity. In addition, the powdered form facilitates convenient transportation, making it an attractive option for both manufacturers and consumers. Moreover, the cost-effectiveness of powder production further contributed to its increased demand in the functional milk market. These factors fueled the demand for functional milk in powder form, highlighting its versatility and economic advantages in the evolving market landscape.

INSIGHTS BY APPLICATIONS

The global functional milk market by applications is segmented into immunity & disease management, weight management, clinical nutrition, and others. In 2023, immunity & disease management had the highest share in the application segment. This surge in demand can be attributed to the increasing prevalence of various health concerns, including heart disease, osteoporosis, autoimmune diseases, and other related conditions. As individuals become more conscious about their health, the emphasis on bolstering immunity and effectively managing diseases has become paramount. This trend reflects a broader societal shift towards proactive healthcare measures, driving innovation and investments in technologies and solutions that cater to immunity enhancement and disease management. Furthermore, weight management exhibits a remarkable compound annual growth rate during the forecast period. This surge is attributed to the rising demand for functional milk, fueled by concerns related to obesity, cardiovascular diseases, and other health factors. The increasing emphasis on weight management reflects a growing awareness of health issues, driving the demand for functional milk products that contribute to overall well-being.

INSIGHTS BY AGE

The 14-19 age segment accounted for the highest revenue share of the global functional milk market in 2023. With the demand for functional milk growing among the age group of 15-19 in the US, it is crucial to emphasize the potential health benefits associated with its consumption. The statistics on cancer diagnoses and deaths in this age range, marketing functional milk as a source of nutrients that may contribute to overall well-being and potentially aid in disease prevention, could be effective. Highlighting ingredients known for their health properties, such as vitamins, minerals, and antioxidants, can be a key strategy. In addition, engaging in educational campaigns through various channels, including social media, to raise awareness about the importance of maintaining a healthy lifestyle, including dietary choices, may further boost the demand for functional milk among this demographic.

INSIGHTS BY DISTRIBUTION CHANNEL

The global functional milk market by distribution channel is segmented into hypermarkets, convenience stores, online, grocery stores, specialty stores, and institutional sales. In 2023, the hypermarket distribution channel emerged as the dominant segment, capturing the highest market share of over 19%. Hypermarkets strategically employed various marketing techniques, such as discount offers, innovative bundling offers, and engaging in-store demonstrations, to highlight the numerous benefits of functional milk. These initiatives attracted health-conscious consumers and elevated the overall shopping experience. The hypermarket's effective communication of the advantages of functional milk through these promotional strategies played a pivotal role in securing its leading position in the market. Furthermore, convenience stores hold a significant position in the industry, and their success can be attributed to their ability to offer a convenient solution for swift, on-the-go purchases. Convenience stores strategically cater to a target demographic characterized by busy lifestyles, positioning themselves as an accessible and time-efficient choice for consumers.

GEOGRAPHICAL ANALYSIS

APAC dominated the global functional milk market share, accounting for over 31% in 2023. In APAC, demand for functional milk has experienced robust growth, driven by factors such as awareness, consumer willingness to pay more, and a heightened focus on preventive healthcare. Furthermore, the rising prevalence of chronic diseases in the APAC has heightened health consciousness, leading consumers to seek functional milk products with potential health benefits. The increasing aging population in China, Japan, and other countries in the APAC is likely to boost the demand for functional milk, driven by a growing focus on health and nutrition among the elderly. The rising overweight and obesity in children and adults in the APAC is fueling a growing demand for functional milk products as consumers seek healthier alternatives to address dietary and nutritional needs.

The shift towards healthier diets and lifestyles is leading European consumers to choose functional milk as a convenient source of essential nutrients. Busy lifestyles drive the functional milk market in Europe, with consumers seeking convenient, on-the-go options. These products, tailored to modern living, notably impact dietary choices. The shift reflects a growing preference for health-conscious and time-efficient solutions in the region. The research and development efforts introduce new formulations and flavors, address specific health concerns, and attract consumers seeking novel and effective functional milk options in Europe. Furthermore, demographic changes in Latin America, such as an aging population and increasing health consciousness, drive a growing demand for functional milk with added nutritional benefits. The growing awareness of gut health and overall well-being in Latin America has spurred a heightened interest in functional milk and contributed to the industry's growth.

VENDOR LANDSCAPE

The global functional milk market is characterized by a high level of fragmentation, with several major international and regional players competing for industry share alongside smaller local companies. Despite this fragmentation, a few key players, including Nestlé, Danone, Abbott, and Lactalis International, wield significant influence, holding substantial functional milk market shares. Complementing these dominant players are numerous regional and smaller companies that contribute to the overall diversity of the industry.

Expanding distribution channels, mainly through online platforms and convenience stores, is estimated to be crucial for reaching a wider audience. Effective marketing and branding strategies are pivotal in building brand awareness and differentiation within this competitive industry. While premiumization is a prevailing trend, maintaining price competitiveness remains vital, especially in certain market segments. Further, plant-based functional milk alternatives are gaining traction and are poised to challenge traditional dairy products, reflecting the increasing demand for plant-based options. In addition, the growth of e-commerce is expected to persist, driven by the convenience it offers and the access to a wider range of products. The market hinges on companies' ability to adapt to changing consumer preferences, innovate effectively, and leverage robust distribution channels.

Key Developments in the Functional Milk Market

  • In 2022, ABBOTT spent on research and development around USD 2,888 million to increase its consumer base and generate more revenue in the industry.
  • By 2025, DANONE will launch ≥85% vol Kids dairy fortified with relevant vitamins & minerals.
  • In 2022, NESTLÉ introduced an infant formula with HMO, which helps increase brain myelination, support gut health, and strengthen immunity.

Frequently Asked Questions

How big is the functional milk market?

The global functional milk market was valued at USD 27.00 billion in 2023 and is expected to reach USD 41.74 billion by 2029.

What is the growth rate of the global functional milk market?

The global functional milk market is expected to grow at a CAGR of 7.53% from 2023 to 2029.

Which region dominates the global functional milk market share?

APAC held the largest global functional milk market share, accounting for over 31% in 2023.

What are the significant trends in the functional milk market?

The introduction of clean-label products in functional milk, the increased demand for lactose-free milk, and probiotics and digestive health are significant trends in the functional milk market.

Who are the key players in the global functional milk market?

ABBOTT, Danone, Lactalis International, and Nestlé are the key players in the global functional milk market.

The global functional milk market size is expected to grow at a CAGR of approximately 7.53% from 2023 to 2029.

The following factors are likely to contribute to the growth of the global functional milk market during the forecast period:

  • Rise in Prevalence of Obesity
  • Growing Demand for Functional Milk Enhancing Mobility
  • Vendors Focus on Product Innovation

Base Year: 2023

Forecast Year: 2024-2029

The report considers the present scenario of the global functional milk market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the industry. It also profiles and analyzes leading companies and several other prominent companies operating in the industry.

Key Company Profiles

  • ABBOTT
  • Business Overview
  • Product Offerings
  • Key Strengths
  • Key Strategies
  • Key Opportunities
  • Danone
  • Lactalis International
  • Nestlé

Other Prominent Vendors

  • Aroma Milk Products
  • Business Overview
  • Product Offerings
  • Arla Foods amba
  • Best Way Ingredients
  • Best Health Foods
  • Bright LifeCare
  • CAPSA
  • Crediton Dairy
  • Dairy Farmers of America
  • Ehrmann
  • Fonterra
  • Glanbia
  • GCMMF
  • Heritage Foods
  • INGREDIA
  • Land O’ Lakes
  • Lycotec
  • MEGMILK SNOW BRAND
  • Milligans Food Group
  • Mother Dairy Fruit & Vegetable
  • Parag Milk Foods
  • SADAFCO
  • SLEEPWELL
  • Stolle Milk Biologics
  • Synlait
  • Tirlán
  • Tesco
  • Vindija d.d.
  • Valfoo
  • Vinamilk
  • F&N Dairies
  • FrieslandCampina
  • Organic Valley
  • Clover Sonoma
  • Darigold
  • Fairlife
  • McNeil Nutritionals
  • Agropur
  • Gay Lea Foods Co-operative Ltd.
  • Cayuga Milk Ingredients
  • Procal Dairies
  • HP Hood

Segmentation by Form

  • Powder
  • Liquid

Segmentation by Applications

  • Immunity & Disease Management
  • Weight Management
  • Clinical Nutrition
  • Others

Segmentation by Age

  • 14–19
  • 20–64
  • 1–13
  • 64 & Above

Segmentation by Distribution Channel

  • Hypermarkets
  • Convenience Stores
  • Online
  • Grocery Stores
  • Specialty Stores
  • Institutional Sales

Segmentation by Geography

  • APACChina
  • Japan
  • South Korea
  • Australia
  • India
  • Thailand
  • Indonesia
  • Philippines
  • Malaysia
  • Vietnam
  • North AmericaUS
  • Canada
  • EuropeGermany
  • France
  • UK
  • Spain
  • Italy
  • Russia
  • Latin AmericaBrazil
  • Mexico
  • Argentina
  • Middle East & AfricaTurkey
  • Saudi Africa
  • Saudi Arabia

EXHIBIT 1 MARKET SIZE CALCULATION APPROACH 2023

EXHIBIT 2 GLOBAL CONSUMER PREFERENCES: FUNCTIONAL PRODUCT PURCHASES DURING COVID-19 (2021) (%)

EXHIBIT 3 VALUE CHAIN ANALYSIS OF FUNCTIONAL MILK

EXHIBIT 4 IMPACT OF INTRODUCTION OF CLEAN LABEL PRODUCTS IN FUNCTIONAL MILK

EXHIBIT 5 PREFERENCE OF CLEAN LABEL PRODUCTS TOWARD CONSUMERS

EXHIBIT 6 IMPACT OF INCREASED DEMAND FOR LACTOSE-FREE MILK

EXHIBIT 7 LACTOSE INTOLERANCE BY COUNTRY WISE 2023 (%)

EXHIBIT 8 IMPACT OF PROBIOTICS AND DIGESTIVE HEALTH

EXHIBIT 9 PREVALENCE OF DIGESTIVE DISORDERS IN SOUTH KOREA, SAUDI ARABIA, AND THE US

EXHIBIT 10 IMPACT OF RISE IN PREVALENCE OF OBESITY

EXHIBIT 11 IMPACT OF GROWING DEMAND FOR FUNCTIONAL MILK ENHANCING MOBILITY

EXHIBIT 12 GLOBAL WORLD POPULATION AGE WISE IN 2025, 2050, 2075 AND 2100 ($ BILLION)

EXHIBIT 13 KEY STATISTICS ON PROTEIN CONSUMPTION, CALCIUM BENEFITS, AND AGING MOBILITY MARKET

EXHIBIT 14 IMPACT OF VENDORS FOCUS ON PRODUCT INNOVATION

EXHIBIT 15 IMPACT OF INCREASING ALTERNATIVES FOR FUNCTIONAL MILK

EXHIBIT 16 SALES OF PLANT BASED MILK IN THE US AND INDIA: 2021 AND 2022

EXHIBIT 17 IMPACT OF HIGH PRODUCTION COST OF FUNCTIONAL MILK

EXHIBIT 18 GLOBAL MILK PRICE FROM JANUARY 2023 TO NOVEMBER 2023 ($ /HUNDREDWEIGHT [CWT])

EXHIBIT 19 IMPACT OF STRINGENT GOVERNMENT REGULATIONS

EXHIBIT 20 FACTORS DRIVING GROWTH OF FUNCTIONAL MILK

EXHIBIT 21 COMPARISON OF CAGR OF REGIONS IN GLOBAL FUNCTIONAL MILK MARKET: 2024-2029 (%)

EXHIBIT 22 GLOBAL FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 23 FIVE FORCES ANALYSIS 2023

EXHIBIT 24 INCREMENTAL GROWTH BY FORM 2023 & 2029

EXHIBIT 25 GLOBAL FUNCTIONAL MILK MARKET BY PRODUCT 2023 AND 2029 (% SHARE)

EXHIBIT 26 GLOBAL AVERAGE PRICE OF SKIMMED MILK POWDER IN 2022 ($ PER TONNE)

EXHIBIT 27 PRODUCTION OF SKIMMED MILK POWDER IN THE EU 27: JANUARY 2023 TO SEPTEMBER 2023 (THOUSAND TONNES)

EXHIBIT 28 EXPORT OF SKIM MILK POWDER: 2019–2021 & 2031 (%)

EXHIBIT 29 SKIM MILK POWDER PRODUCTION AND CONSUMPTION: 2024 TO 2032 (KW PW)

EXHIBIT 30 GLOBAL POWDER FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 31 VOLUME SALES OF VALUE-ADDED MILK & PLANT-BASED ALTERNATIVES IN THE US: 2019–2022 ($ MILLION)

EXHIBIT 32 GLOBAL LIQUID FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 33 INCREMENTAL GROWTH BY APPLICATION 2023 & 2029

EXHIBIT 34 GLOBAL FUNCTIONAL MILK MARKET BY APPLICATION 2023 AND 2029 (% SHARE)

EXHIBIT 35 GLOBAL PREVALENCE OF AUTOIMMUNE DISEASE

EXHIBIT 36 GLOBAL PREVALENCE OF HEART DISEASES IN 2019, 2021, AND 2023

EXHIBIT 37 GLOBAL PREVALENCE OF OSTEOPOROSIS

EXHIBIT 38 GLOBAL IMMUNITY & DISEASE MANAGEMENT FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 39 PREVALENCE OF OBESITY AND OVERWEIGHT GLOBALLY BY 2035

EXHIBIT 40 GLOBAL WEIGHT MANAGEMENT FUNCTIONAL MARKET 2023–2029 ($ BILLION)

EXHIBIT 41 CANCER STATISTICS IN THE US & GLOBAL: 2022 & 2040

EXHIBIT 42 GLOBAL PREVALENCE OF NUTRITION DEFICIENCY IN KIDS 2020, 2021, AND 2030

EXHIBIT 43 GLOBAL CLINICAL NUTRITION FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 44 GLOBAL IMPACT OF ACNE PREVALENCE AND STATISTICS IN THE US AND EUROPE: (2022)

EXHIBIT 45 GLOBAL OTHERS FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 46 INCREMENTAL GROWTH BY AGE 2023 & 2029

EXHIBIT 47 GLOBAL 14-19 AGE GROUP FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 48 GLOBAL PREVALENCE OF DIABETES IN THE 20 AND ABOVE AGE GROUP IN 2021 ($ MILLION)

EXHIBIT 49 GLOBAL 20-64 AGE GROUP FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 50 KEY STATISTICS ON CANCER AND UNDERNUTRITION IN THE US AND GLOBALLY

EXHIBIT 51 GLOBAL CHILDREN UNDER 5 YEARS AFFECTED BY STUNTING, WASTING, AND OBESITY IN 2022 (MILLION)

EXHIBIT 52 PREVALENCE OF SEVERE WASTING AND OBESITY IN INDIA, INDONESIA, NEW ZEALAND & AUSTRALIA

EXHIBIT 53 GLOBAL 1-13 AGE GROUP FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 54 AGING POPULATION AND HIP FRACTURES IN APAC & LATIN AMERICA

EXHIBIT 55 GLOBAL 64 & ABOVE AGE GROUP FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 56 INCREMENTAL GROWTH BY DISTRIBUTION CHANNEL 2023 & 2029

EXHIBIT 57 GLOBAL HYPERMARKET FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 58 GLOBAL CONVENIENCE STORES FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 59 GLOBAL ONLINE FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 60 GLOBAL GROCERY STORES FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 61 GLOBAL SPECIALTY STORES FUNCTIONAL MILK MARKET 2023–2029 ($ BILLION)

EXHIBIT 62 GLOBAL FUNCTIONAL MILK MARKET BY INSTITUTIONAL SALES 2023–2029 ($ BILLION)

EXHIBIT 63 INCREMENTAL GROWTH BY GEOGRAPHY 2023 & 2029

EXHIBIT 64 MARKET SHARE OF REGIONS: 2029 (%)

EXHIBIT 65 FUNCTIONAL MILK MARKET IN APAC 2023–2029 ($ BILLION)

EXHIBIT 66 INCREMENTAL GROWTH IN APAC 2023 & 2029

EXHIBIT 67 PREVALENCE OF OVERWEIGHT AND DIABETES IN CHINA, 2022 & 2023

EXHIBIT 68 FUNCTIONAL MILK MARKET IN CHINA 2023–2029 ($ BILLION)

EXHIBIT 69 KEY STATISTICS OF BONE DENSITY, CALCIUM INTAKE, AND AGEING POPULATION IN JAPAN 2023 (%)

EXHIBIT 70 FUNCTIONAL MILK MARKET IN JAPAN 2023–2029 ($ BILLION)

EXHIBIT 71 PROJECTION OF OBESITY IN ADULTS AND CHILDREN IN SOUTH KOREA BY 2030

EXHIBIT 72 FUNCTIONAL MILK MARKET IN SOUTH KOREA 2023–2029 ($ BILLION)

EXHIBIT 73 PREVALENCE OF DIABETES IN AUSTRALIA: 2021

EXHIBIT 74 FUNCTIONAL MILK MARKET IN AUSTRALIA 2023–2029 ($ BILLION)

EXHIBIT 75 FUNCTIONAL MILK MARKET IN INDIA 2023–2029 ($ BILLION)

EXHIBIT 76 PREVALENCE OF OBESITY & DIABETES IN WOMEN AND MEN IN THAILAND, 2022 (%)

EXHIBIT 77 FUNCTIONAL MILK MARKET IN THAILAND 2023–2029 ($ BILLION)

EXHIBIT 78 PROJECTED LIVES SAVED ANNUALLY FROM CANCER IN INDONESIA: 2024-2030

EXHIBIT 79 PREVALENCE OF OVERWEIGHT IN SCHOOL AGE CHILDREN, ADOLESCENTS, AND ADULTS 2018 (MILLION)

EXHIBIT 80 FUNCTIONAL MILK MARKET IN INDONESIA 2023–2029 ($ BILLION)

EXHIBIT 81 FUNCTIONAL MILK MARKET IN THE PHILIPPINES 2023–2029 ($ BILLION)

EXHIBIT 82 PREVALENCE OF OBESITY IN CHILDREN AND ADULTS IN MALAYSIA FROM 2020–2035

EXHIBIT 83 FUNCTIONAL MILK MARKET IN MALAYSIA 2023–2029 ($ BILLION)

EXHIBIT 84 PREVALENCE OF OBESITY IN CHILDREN AND ADULTS IN VIETNAM: 2021

EXHIBIT 85 FUNCTIONAL MILK MARKET IN VIETNAM 2023–2029 ($ BILLION)

EXHIBIT 86 FUNCTIONAL MILK IN NORTH AMERICA 2023 & 2029 (% MARKET SHARE)

EXHIBIT 87 FUNCTIONAL MILK MARKET IN NORTH AMERICA 2023–2029 ($ BILLION)

EXHIBIT 88 INCREMENTAL GROWTH IN NORTH AMERICA 2023 & 2029

EXHIBIT 89 PREVALENCE OF DIABETES IN US: 2021 (MILLION)

EXHIBIT 90 KEY STATISTICS OF OBESITY IN THE US, 2021

EXHIBIT 91 FUNCTIONAL MILK MARKET IN THE US 2023–2029 ($ BILLION)

EXHIBIT 92 FUNCTIONAL MILK MARKET IN CANADA 2023–2029 ($ BILLION)

EXHIBIT 93 FUNCTIONAL MILK MARKET IN EUROPE 2023–2029 ($ BILLION)

EXHIBIT 94 INCREMENTAL GROWTH IN EUROPE 2023 & 2029

EXHIBIT 95 KEY STATISTICS OF OVERWEIGHT AND HEALTHY DRINK IN GERMANY, 2022 (%)

EXHIBIT 96 FUNCTIONAL MILK MARKET IN GERMANY 2023–2029 ($ BILLION)

EXHIBIT 97 PREVALENCE OF OVERWEIGHT AND OBESITY IN FRANCE BY 2040

EXHIBIT 98 FUNCTIONAL MILK MARKET IN FRANCE 2023–2029 ($ BILLION)

EXHIBIT 99 PREVALENCE OF OBESITY IN ENGLAND FROM 2021-2022 (%)

EXHIBIT 100 FUNCTIONAL MILK MARKET IN THE UK 2023–2029 ($ BILLION)

EXHIBIT 101 PREVALENCE OF OBESITY IN SPAIN, 2023 AND 2030

EXHIBIT 102 FUNCTIONAL MILK MARKET IN SPAIN 2023–2029 ($ BILLION)

EXHIBIT 103 KEY STATISTICS OF OBESITY IN ITALY, 2020–2035 (%)

EXHIBIT 104 FUNCTIONAL MILK MARKET IN ITALY 2023–2029 ($ BILLION)

EXHIBIT 105 PREVALENCE OF OBESITY IN RUSSIA, 2010 TO 2030 (%)

EXHIBIT 106 FUNCTIONAL MILK MARKET IN RUSSIA 2023–2029 ($ BILLION)

EXHIBIT 107 FUNCTIONAL MILK MARKET IN LATIN AMERICA 2023–2029 ($ BILLION)

EXHIBIT 108 INCREMENTAL GROWTH IN LATIN AMERICA 2023 & 2029

EXHIBIT 109 PREVALENCE OF OBESITY IN ADULTS AND CHILDREN IN BRAZIL, 2020 AND 2021

EXHIBIT 110 FUNCTIONAL MILK MARKET IN BRAZIL 2023–2029 ($ BILLION)

EXHIBIT 111 FUNCTIONAL MILK MARKET IN MEXICO 2023–2029 ($ BILLION)

EXHIBIT 112 KEY STATISTICS OF OBESITY IN CHILDREN IN ARGENTINA 2022 AND 2030

EXHIBIT 113 FUNCTIONAL MILK MARKET IN ARGENTINA 2023–2029 ($ BILLION)

EXHIBIT 114 FUNCTIONAL MILK MARKET IN MIDDLE EAST AND AFRICA 2023–2029 ($ BILLION)

EXHIBIT 115 INCREMENTAL GROWTH IN THE MIDDLE EAST AND AFRICA 2023 & 2029

EXHIBIT 116 PROJECTION OF POPULATION BY AGE GROUP IN TURKEY FROM 2040 AND 2080 (%)

EXHIBIT 117 FUNCTIONAL MILK MARKET IN TURKEY 2023–2029 ($ BILLION)

EXHIBIT 118 FUNCTIONAL MILK MARKET IN SOUTH AFRICA 2023–2029 ($ BILLION)

EXHIBIT 119 SAUDI ARABIA KEY STATISTICS OF CHRONIC DISEASES, AGING POPULATION AND OBESITY IN 2050, 2022 (%)

EXHIBIT 120 PREVALENCE OF CHRONIC DISEASES IN SAUDI ARABIA MEN, 2022 (%)

EXHIBIT 121 FUNCTIONAL MILK MARKET IN SAUDI ARABIA 2023–2029 ($ BILLION)

EXHIBIT 122 COMPETITIVE FACTORS IN GLOBAL FUNCTIONAL MILK MARKET

EXHIBIT 123 KEY CAVEATS


LIST OF TABLES


TABLE 1 AGE-WISE DAILY CALCIUM INTAKE

TABLE 2 ESTIMATED GLOBAL PREVALENCE & NUMBER OF ADULTS TO LIVE WITH OBESITY (2025–2030)

TABLE 3 GLOBAL PREVALENCE OF OBESITY BY 2025, 2030, AND 2035 (MILLION)

TABLE 4 COMPANIES LAUNCHING NEW PRODUCTS WITH INNOVATIVE FEATURES

TABLE 5 KEY MANUFACTURER COMPANIES OF SKIMMED MILK POWDER

TABLE 6 POWDER FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 7 KEY MANUFACTURER COMPANIES OF LIQUID MILK

TABLE 8 LIQUID FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 9 IMMUNITY AND DISEASE MANAGEMENT FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 10 WEIGHT MANAGEMENT FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 11 CLINICAL NUTRITION FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 12 OTHERS FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 13 DAILY CALCIUM INTAKE BY AGE GROUP

TABLE 14 DAILY PROTEIN INTAKE FOR INDIVIDUALS BETWEEN AGES 14–18

TABLE 15 GLOBAL 14-19 AGE GROUP FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 16 GLOBAL 20–64 AGE GROUP FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 17 KEY MANUFACTURERS OF FUNCTIONAL MILK FOR CHILDREN SEGMENT

TABLE 18 GLOBAL 1–13 AGE GROUP FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 19 GLOBAL 64 & ABOVE AGE GROUP FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 20 WALMART RETAIL OUTLETS BY COUNTRIES

TABLE 21 GLOBAL HYPERMARKET FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 22 GLOBAL CONVENIENCE STORES FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 23 GLOBAL ONLINE FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 24 GLOBAL GROCERY STORES FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 25 GLOBAL SPECIALTY STORES FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 26 NUMBER OF HOSPITALS BY COUNTRY

TABLE 27 GLOBAL INSTITUTIONAL SALES FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 28 FUNCTIONAL MILK MARKET IN APAC BY FORM 2023−2029 ($ BILLION)

TABLE 29 FUNCTIONAL MILK MARKET IN APAC BY APPLICATIONS 2023−2029 ($ BILLION)

TABLE 30 FUNCTIONAL MILK MARKET IN APAC BY AGE 2023−2029 ($ BILLION)

TABLE 31 FUNCTIONAL MILK MARKET IN APAC BY DISTRIBUTION CHANNEL 2023−2029 ($ BILLION)

TABLE 32 FUNCTIONAL MILK MARKET IN NORTH AMERICA BY FORM 2023−2029 ($ BILLION)

TABLE 33 FUNCTIONAL MILK MARKET IN NORTH AMERICA BY APPLICATIONS 2023−2029 ($ BILLION)

TABLE 34 FUNCTIONAL MILK MARKET IN NORTH AMERICA BY AGE 2023−2029 ($ BILLION)

TABLE 35 FUNCTIONAL MILK MARKET IN NORTH AMERICA BY DISTRIBUTION CHANNEL 2023−2029 ($ BILLION)

TABLE 36 FUNCTIONAL MILK MARKET IN EUROPE BY FORM 2023−2029 ($ BILLION)

TABLE 37 FUNCTIONAL MILK MARKET IN EUROPE BY APPLICATIONS 2023−2029 ($ BILLION)

TABLE 38 FUNCTIONAL MILK MARKET IN EUROPE BY AGE 2023−2029 ($ BILLION)

TABLE 39 FUNCTIONAL MILK MARKET IN EUROPE BY DISTRIBUTION CHANNEL 2023−2029 ($ BILLION)

TABLE 40 FUNCTIONAL MILK MARKET IN LATIN AMERICA BY FORM 2023−2029 ($ BILLION)

TABLE 41 FUNCTIONAL MILK MARKET IN LATIN AMERICA BY APPLICATIONS 2023−2029 ($ BILLION)

TABLE 42 FUNCTIONAL MILK MARKET IN LATIN AMERICA BY AGE 2023−2029 ($ BILLION)

TABLE 43 FUNCTIONAL MILK MARKET IN LATIN AMERICA BY DISTRIBUTION CHANNEL 2023−2029 ($ BILLION)

TABLE 44 FUNCTIONAL MILK MARKET IN THE MIDDLE EAST AND AFRICA BY FORM 2023−2029 ($ BILLION)

TABLE 45 FUNCTIONAL MILK MARKET IN THE MIDDLE EAST AND AFRICA BY APPLICATIONS 2023−2029 ($ BILLION)

TABLE 46 FUNCTIONAL MILK MARKET IN THE MIDDLE EAST AND AFRICA BY AGE 2023−2029 ($ BILLION)

TABLE 47 FUNCTIONAL MILK MARKET IN THE MIDDLE EAST AND AFRICA BY DISTRIBUTION CHANNEL 2023−2029 ($ BILLION)

TABLE 48 VENDORS RANKING IN FUNCTIONAL MILK MARKET – 2022

TABLE 49 ABBOTT: MAJOR PRODUCT OFFERINGS

TABLE 50 DANONE: MAJOR PRODUCT OFFERINGS

TABLE 51 LACTALIS INTERNATIONAL: MAJOR PRODUCT OFFERINGS

TABLE 52 NESTLE: MAJOR PRODUCT OFFERINGS

TABLE 53 AROMA MILK PRODUCTS: MAJOR PRODUCT OFFERINGS

TABLE 54 ARLA FOODS AMBA: MAJOR PRODUCT OFFERINGS

TABLE 55 AGROPUR: MAJOR PRODUCT OFFERINGS

TABLE 56 BEST WAY INGREDIENTS: MAJOR PRODUCT OFFERINGS

TABLE 57 BEST HEALTH FOODS: MAJOR PRODUCT OFFERINGS

TABLE 58 BRIGHT LIFECARE: MAJOR PRODUCT OFFERINGS

TABLE 59 CAPSA: MAJOR PRODUCT OFFERINGS

TABLE 60 CREDITON DAIRY: MAJOR PRODUCT OFFERINGS

TABLE 61 CAYUGA MILK INGREDIENTS: MAJOR PRODUCT OFFERINGS

TABLE 62 CLOVER SONOMA: MAJOR PRODUCT OFFERINGS

TABLE 63 DAIRY FARMERS OF AMERICA: MAJOR PRODUCT OFFERINGS

TABLE 64 DARIGOLD: MAJOR PRODUCT OFFERINGS

TABLE 65 EHRMANN: MAJOR PRODUCT OFFERINGS

TABLE 66 FONTERRA: MAJOR PRODUCT OFFERINGS

TABLE 67 F&N DAIRIES: MAJOR PRODUCT OFFERINGS

TABLE 68 FAIRLIFE: MAJOR PRODUCT OFFERINGS

TABLE 69 FRIESLANDCAMPINA: MAJOR PRODUCT OFFERINGS

TABLE 70 GLANBIA: MAJOR PRODUCT OFFERINGS

TABLE 71 GCMMF: MAJOR PRODUCT OFFERINGS

TABLE 72 GAY LEA FOODS: MAJOR PRODUCT OFFERINGS

TABLE 73 HERITAGE FOODS: MAJOR PRODUCT OFFERINGS

TABLE 74 HP HOOD: MAJOR PRODUCT OFFERINGS

TABLE 75 INGREDIA: MAJOR PRODUCT OFFERINGS

TABLE 76 LAND O’ LAKES: MAJOR PRODUCT OFFERINGS

TABLE 77 LYCOTEC: MAJOR PRODUCT OFFERINGS

TABLE 78 MCNEIL NUTRITIONALS: MAJOR PRODUCT OFFERINGS

TABLE 79 MEGMILK SNOW BRAND: MAJOR PRODUCT OFFERINGS

TABLE 80 MILLIGANS FOOD GROUP: MAJOR PRODUCT OFFERINGS

TABLE 81 MOTHER DAIRY FRUIT & VEGETABLE: MAJOR PRODUCT OFFERINGS

TABLE 82 ORGANIC VALLEY: MAJOR PRODUCT OFFERINGS

TABLE 83 PROCAL DAIRIES: MAJOR PRODUCT OFFERINGS

TABLE 84 PARAG MILK FOODS: MAJOR PRODUCT OFFERINGS

TABLE 85 SADAFCO: MAJOR PRODUCT OFFERINGS

TABLE 86 SLEEPWELL: MAJOR PRODUCT OFFERINGS

TABLE 87 STOLLE MILK BIOLOGICS: MAJOR PRODUCT OFFERINGS

TABLE 88 SYNLAIT: MAJOR PRODUCT OFFERINGS

TABLE 89 TIRLÁN: MAJOR PRODUCT OFFERINGS

TABLE 90 TESCO: MAJOR PRODUCT OFFERINGS

TABLE 91 VINDIJA D. D.: MAJOR PRODUCT OFFERINGS

TABLE 92 VALFOO: MAJOR PRODUCT OFFERINGS

TABLE 93 VINAMILK: MAJOR PRODUCT OFFERINGS

TABLE 94 GLOBAL FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 ($ BILLION)

TABLE 95 GLOBAL FUNCTIONAL MILK MARKET BY GEOGRAPHY 2023−2029 (%)

TABLE 96 GLOBAL FUNCTIONAL MILK MARKET BY FORM 2023−2029 ($ BILLION)

TABLE 97 GLOBAL FUNCTIONAL MILK MARKET BY APPLICATION 2023−2029 ($ BILLION)

TABLE 98 GLOBAL FUNCTIONAL MILK MARKET BY AGE GROUP 2023−2029 ($ BILLION)

TABLE 99 GLOBAL FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2023−2029 ($ BILLION)

TABLE 100 APAC FUNCTIONAL MILK MARKET BY FORM 2023−2029 ($ BILLION)

TABLE 101 APAC FUNCTIONAL MILK MARKET BY APPLICATION 2023−2029 ($ BILLION)

TABLE 102 APAC FUNCTIONAL MILK MARKET BY AGE GROUP 2023−2029 ($ BILLION)

TABLE 103 APAC FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2023−2029 ($ BILLION)

TABLE 104 NORTH AMERICA FUNCTIONAL MILK MARKET BY FORM 2023−2029 ($ BILLION)

TABLE 105 NORTH AMERICA FUNCTIONAL MILK MARKET BY APPLICATIONS 2023−2029 ($ BILLION)

TABLE 106 NORTH AMERICA FUNCTIONAL MILK MARKET BY AGE GROUP 2023−2029 ($ BILLION)

TABLE 107 NORTH AMERICA FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2023−2029 ($ BILLION)

TABLE 108 EUROPE FUNCTIONAL MILK MARKET BY FORM 2023−2029 ($ BILLION)

TABLE 109 EUROPE FUNCTIONAL MILK MARKET BY APPLICATION 2023−2029 ($ BILLION)

TABLE 110 EUROPE FUNCTIONAL MILK MARKET BY AGE GROUP 2023−2029 ($ BILLION)

TABLE 111 EUROPE FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2023−2029 ($ BILLION)

TABLE 112 LATIN AMERICA FUNCTIONAL MILK MARKET BY FORM 2023−2029 ($ BILLION)

TABLE 113 LATIN AMERICA FUNCTIONAL MILK MARKET BY APPLICATION 2023−2029 ($ BILLION)

TABLE 114 LATIN AMERICA FUNCTIONAL MILK MARKET BY AGE GROUP 2023−2029 ($ BILLION)

TABLE 115 LATIN AMERICA FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2023−2029 ($ BILLION)

TABLE 116 MIDDLE EAST AND AFRICA FUNCTIONAL MILK MARKET BY FORM 2023−2029 ($ BILLION)

TABLE 117 MIDDLE EAST AND AFRICA FUNCTIONAL MILK MARKET BY APPLICATIONS 2023−2029 ($ BILLION)

TABLE 118 MIDDLE EAST AND AFRICA FUNCTIONAL MILK MARKET BY AGE GROUP 2023−2029 ($ BILLION)

TABLE 119 MIDDLE EAST AND AFRICA FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2023−2029 ($ BILLION)

TABLE 120 CURRENCY CONVERSION 2017−2023

1. SCOPE & COVERAGE

1.1. MARKET DEFINITION

1.1.1. INCLUSIONS

1.1.2. EXCLUSIONS

1.1.3. MARKET ESTIMATION CAVEATS

1.2. SEGMENTS COVERED & DEFINITIONS

1.2.1. MARKET BY FORM

1.2.2. MARKET BY AGE

1.2.3. MARKET BY APPLICATION

1.2.4. MARKET BY DISTRIBUTION CHANNEL

1.2.6. REGIONS & COUNTRIES COVERED

1.3. MARKET DERIVATION

1.3.1. BASE YEAR

2. PREMIUM INSIGHTS

2.1. OPPORTUNITY POCKETS

2.2. MARKET DEFINITION

2.3. REPORT OVERVIEW

2.4. OPPORTUNITIES & CHALLENGE ANALYSIS

2.5. SEGMENT ANALYSIS

2.6. REGIONAL ANALYSIS

2.7. COMPETITIVE LANDSCAPE

3. MARKET AT A GLANCE

4. INTRODUCTION

4.1. OVERVIEW

4.1.1. REQUIREMENTS OF MILK IN LIFE STAGES

4.1.2. BONE HEALTH

4.1.3. SWOT ANALYSIS

4.2. RISING DEMAND FOR FUNCTIONAL FOOD

4.2.1. COVID-19 IMPACT ON FUNCTIONAL FOOD

4.3. VALUE CHAIN ANALYSIS

4.3.1. PRODUCTION

4.3.2. PROCESSING

4.3.3. PACKAGING

4.3.4. DISTRIBUTORS

4.3.5. RETAIL AND B2B

4.3.6. CUSTOMERS AND CONSUMERS

5. MARKET OPPORTUNITIES & TRENDS

5.1. INTRODUCTION OF CLEAN LABEL PRODUCTS IN FUNCTIONAL MILK

5.2. INCREASED DEMAND FOR LACTOSE-FREE MILK

5.3. PROBIOTICS AND DIGESTIVE HEALTH

6. MARKET GROWTH ENABLERS

6.1. RISE IN THE PREVALENCE OF OBESITY

6.2. GROWING DEMAND FOR FUNCTIONAL MILK ENHANCING MOBILITY

6.3. VENDORS FOCUS ON PRODUCT INNOVATION

7. MARKET RESTRAINTS

7.1. INCREASING ALTERNATIVES FOR FUNCTIONAL MILK

7.2. HIGH PRODUCTION COST OF FUNCTIONAL MILK

7.3. STRINGENT GOVERNMENT REGULATIONS

8. MARKET LANDSCAPE

8.1. MARKET OVERVIEW

8.2. MARKET SIZE & FORECAST

8.3. VENDOR ANALYSIS

8.4. DEMAND INSIGHTS

8.5. FIVE FORCES ANALYSIS

8.5.1. THREAT OF NEW ENTRANTS

8.5.2. BARGAINING POWER OF SUPPLIERS

8.5.3. BARGAINING POWER OF BUYERS

8.5.4. THREAT OF SUBSTITUTES

8.5.5. COMPETITIVE RIVALRY

9. FORM

9.1. MARKET SNAPSHOT & GROWTH ENGINE

9.2. MARKET OVERVIEW

9.3. POWDER

9.3.1. MARKET OVERVIEW

9.3.2. MARKET SIZE & FORECAST

9.3.3. MARKET BY GEOGRAPHY

9.4. LIQUID

9.4.1. MARKET OVERVIEW

9.4.2. MARKET SIZE & FORECAST

9.4.3. MARKET BY GEOGRAPHY

10. APPLICATIONS

10.1. MARKET SNAPSHOT & GROWTH ENGINE

10.2. MARKET OVERVIEW

10.1. IMMUNITY & DISEASE MANAGEMENT

10.1.1. MARKET OVERVIEW

10.1.2. MARKET SIZE & FORECAST

10.1.3. MARKET BY GEOGRAPHY

10.2. WEIGHT MANAGEMENT

10.2.1. MARKET OVERVIEW

10.2.2. MARKET SIZE & FORECAST

10.2.3. MARKET BY GEOGRAPHY

10.3. CLINICAL NUTRITION

10.3.1. MARKET OVERVIEW

10.3.2. MARKET SIZE & FORECAST

10.3.3. MARKET BY GEOGRAPHY

10.4. OTHERS

10.4.1. MARKET OVERVIEW

10.4.2. MARKET SIZE & FORECAST

10.4.3. MARKET BY GEOGRAPHY

11. AGE

11.1. MARKET SNAPSHOT & GROWTH ENGINE

11.2. MARKET OVERVIEW

11.3. 14–19 AGE GROUP

11.3.1. MARKET OVERVIEW

11.3.2. MARKET SIZE & FORECAST

11.3.3. MARKET BY GEOGRAPHY

11.4. 20–64 AGE GROUP

11.4.1. MARKET OVERVIEW

11.4.2. MARKET SIZE & FORECAST

11.4.3. MARKET BY GEOGRAPHY

11.5. 1–13 AGE GROUP

11.5.1. MARKET OVERVIEW

11.5.2. MARKET SIZE & FORECAST

11.5.3. MARKET BY GEOGRAPHY

11.6. 64 & ABOVE

11.6.1. MARKET OVERVIEW

11.6.2. MARKET SIZE & FORECAST

11.6.3. MARKET BY GEOGRAPHY

12. DISTRIBUTION CHANNEL

12.1. MARKET SNAPSHOT & GROWTH ENGINE

12.2. MARKET OVERVIEW

12.3. HYPERMARKETS

12.3.1. MARKET OVERVIEW

12.3.2. MARKET SIZE & FORECAST

12.3.3. MARKET BY GEOGRAPHY

12.4. CONVENIENCE STORES

12.4.1. MARKET OVERVIEW

12.4.2. MARKET SIZE & FORECAST

12.4.3. MARKET BY GEOGRAPHY

12.5. ONLINE

12.5.1. MARKET OVERVIEW

12.5.2. MARKET SIZE & FORECAST

12.5.3. MARKET BY GEOGRAPHY

12.6. GROCERY STORES

12.6.1. MARKET OVERVIEW

12.6.2. MARKET SIZE & FORECAST

12.6.3. MARKET BY GEOGRAPHY

12.7. SPECIALTY STORES

12.7.1. MARKET OVERVIEW

12.7.2. MARKET SIZE & FORECAST

12.7.3. MARKET BY GEOGRAPHY

12.8. INSTITUTIONAL SALES

12.8.1. MARKET OVERVIEW

12.8.2. MARKET SIZE & FORECAST

12.8.3. MARKET BY GEOGRAPHY

13. GEOGRAPHY

13.1. MARKET SNAPSHOT & GROWTH ENGINE

13.2. GEOGRAPHIC OVERVIEW

14. APAC

14.1. MARKET OVERVIEW

14.2. MARKET SIZE & FORECAST

14.3. FORM

14.3.1. MARKET SIZE & FORECAST

14.4. APPLICATIONS

14.4.1. MARKET SIZE & FORECAST

14.5. AGE

14.5.1. MARKET SIZE & FORECAST

14.6. DISTRIBUTION CHANNEL

14.6.1. MARKET SIZE & FORECAST

14.7. KEY COUNTRIES

14.8. CHINA: MARKET SIZE & FORECAST

14.9. JAPAN: MARKET SIZE & FORECAST

14.10. SOUTH KOREA: MARKET SIZE & FORECAST

14.11. AUSTRALIA: MARKET SIZE & FORECAST

14.12. INDIA: MARKET SIZE & FORECAST

14.13. THAILAND: MARKET SIZE & FORECAST

14.14. INDONESIA: MARKET SIZE & FORECAST

14.15. PHILIPPINES: MARKET SIZE & FORECAST

14.16. MALAYSIA: MARKET SIZE & FORECAST

14.17. VIETNAM: MARKET SIZE & FORECAST

15. NORTH AMERICA

15.1. MARKET OVERVIEW

15.2. MARKET SIZE & FORECAST

15.3. FORM

15.3.1. MARKET SIZE & FORECAST

15.4. APPLICATIONS

15.4.1. MARKET SIZE & FORECAST

15.5. AGE

15.5.1. MARKET SIZE & FORECAST

15.6. DISTRIBUTION CHANNEL

15.6.1. MARKET SIZE & FORECAST

15.7. KEY COUNTRIES

15.8. US: MARKET SIZE & FORECAST

15.9. CANADA: MARKET SIZE & FORECAST

16. EUROPE

16.1. MARKET OVERVIEW

16.2. MARKET SIZE & FORECAST

16.3. FORM

16.3.1. MARKET SIZE & FORECAST

16.4. APPLICATIONS

16.4.1. MARKET SIZE & FORECAST

16.5. AGE

16.5.1. MARKET SIZE & FORECAST

16.6. DISTRIBUTION CHANNEL

16.6.1. MARKET SIZE & FORECAST

16.7. KEY COUNTRIES

16.8. GERMANY: MARKET SIZE & FORECAST

16.9. FRANCE: MARKET SIZE & FORECAST

16.10. UK: MARKET SIZE & FORECAST

16.11. SPAIN: MARKET SIZE & FORECAST

16.12. ITALY: MARKET SIZE & FORECAST

16.13. RUSSIA: MARKET SIZE & FORECAST

17. LATIN AMERICA

17.1. MARKET OVERVIEW

17.2. MARKET SIZE & FORECAST

17.3. FORM

17.3.1. MARKET SIZE & FORECAST

17.4. APPLICATIONS

17.4.1. MARKET SIZE & FORECAST

17.5. AGE

17.5.1. MARKET SIZE & FORECAST

17.6. DISTRIBUTION CHANNEL

17.6.1. MARKET SIZE & FORECAST

17.7. KEY COUNTRIES

17.8. BRAZIL: MARKET SIZE & FORECAST

17.9. MEXICO: MARKET SIZE & FORECAST

17.10. ARGENTINA: MARKET SIZE & FORECAST

18. MIDDLE EAST AND AFRICA

18.1. MARKET OVERVIEW

18.2. MARKET SIZE & FORECAST

18.3. FORM

18.3.1. MARKET SIZE & FORECAST

18.4. APPLICATIONS

18.4.1. MARKET SIZE & FORECAST

18.5. AGE

18.5.1. MARKET SIZE & FORECAST

18.6. DISTRIBUTION CHANNEL

18.6.1. MARKET SIZE & FORECAST

18.7. KEY COUNTRIES

18.8. TURKEY: MARKET SIZE & FORECAST

18.9. SOUTH AFRICA: MARKET SIZE & FORECAST

18.10. SAUDI ARABIA: MARKET SIZE & FORECAST

19. COMPETITIVE LANDSCAPE

19.1. COMPETITION OVERVIEW

20. KEY COMPANY PROFILES

20.1. ABBOTT

20.1.1. BUSINESS OVERVIEW

20.1.2. PRODUCT OFFERINGS

20.1.3. KEY STRATEGIES

20.1.4. KEY STRENGTHS

20.1.5. KEY OPPORTUNITIES

20.2. DANONE

20.2.1. BUSINESS OVERVIEW

20.2.2. PRODUCT OFFERINGS

20.2.3. KEY STRATEGIES

20.2.4. KEY STRENGTHS

20.2.5. KEY OPPORTUNITIES

20.3. LACTALIS INTERNATIONAL

20.3.1. BUSINESS OVERVIEW

20.3.2. PRODUCT OFFERINGS

20.3.3. KEY STRATEGIES

20.3.4. KEY STRENGTHS

20.3.5. KEY OPPORTUNITIES

20.4. NESTLÉ

20.4.1. BUSINESS OVERVIEW

20.4.2. PRODUCT OFFERINGS

20.4.3. KEY STRATEGIES

20.4.4. KEY STRENGTHS

20.4.5. KEY OPPORTUNITIES

21. OTHER PROMINENT VENDORS

21.1. AROMA MILK PRODUCTS

21.1.1. BUSINESS OVERVIEW

21.1.2. PRODUCT OFFERINGS

21.2. ARLA FOODS AMBA

21.2.1. BUSINESS OVERVIEW

21.2.2. PRODUCT OFFERINGS

21.3. AGROPUR

21.3.1. BUSINESS OVERVIEW

21.3.2. PRODUCT OFFERINGS

21.4. BEST WAY INGREDIENTS

21.4.1. BUSINESS OVERVIEW

21.4.2. PRODUCT OFFERINGS

21.5. BEST HEALTH FOODS

21.5.1. BUSINESS OVERVIEW

21.5.2. PRODUCT OFFERINGS

21.6. BRIGHT LIFECARE

21.6.1. BUSINESS OVERVIEW

21.6.2. PRODUCT OFFERINGS

21.7. CAPSA

21.7.1. BUSINESS OVERVIEW

21.7.2. PRODUCT OFFERINGS

21.8. CREDITON DAIRY

21.8.1. BUSINESS OVERVIEW

21.8.2. PRODUCT OFFERINGS

21.9. CAYUGA MILK INGREDIENTS

21.9.1. BUSINESS OVERVIEW

21.9.2. PRODUCT OFFERINGS

21.10. CLOVER SONOMA

21.10.1. BUSINESS OVERVIEW

21.10.2. PRODUCT OFFERINGS

21.11. DAIRY FARMERS OF AMERICA

21.11.1. BUSINESS OVERVIEW

21.11.2. PRODUCT OFFERINGS

21.12. DARIGOLD

21.12.1. BUSINESS OVERVIEW

21.12.2. PRODUCT OFFERINGS

21.13. EHRMANN

21.13.1. BUSINESS OVERVIEW

21.13.2. PRODUCT OFFERINGS

21.14. FONTERRA

21.14.1. BUSINESS OVERVIEW

21.14.2. PRODUCT OFFERINGS

21.15. F&N DAIRIES

21.15.1. BUSINESS OVERVIEW

21.15.2. PRODUCT OFFERINGS

21.16. FAIRLIFE

21.16.1. BUSINESS OVERVIEW

21.16.2. PRODUCT OFFERINGS

21.17. FRIESLANDCAMPINA

21.17.1. BUSINESS OVERVIEW

21.17.2. PRODUCT OFFERINGS

21.18. GLANBIA

21.18.1. BUSINESS OVERVIEW

21.18.2. PRODUCT OFFERINGS

21.19. GCMMF

21.19.1. BUSINESS OVERVIEW

21.19.2. PRODUCT OFFERINGS

21.20. GAY LEA FOODS

21.20.1. BUSINESS OVERVIEW

21.20.2. PRODUCT OFFERINGS

21.21. HERITAGE FOODS

21.21.1. BUSINESS OVERVIEW

21.21.2. PRODUCT OFFERINGS

21.22. HP HOOD

21.22.1. BUSINESS OVERVIEW

21.22.2. PRODUCT OFFERINGS

21.23. INGREDIA

21.23.1. BUSINESS OVERVIEW

21.23.2. PRODUCT OFFERINGS

21.24. LAND O’ LAKES

21.24.1. BUSINESS OVERVIEW

21.24.2. PRODUCT OFFERINGS

21.25. LYCOTEC

21.25.1. BUSINESS OVERVIEW

21.25.2. PRODUCT OFFERINGS

21.26. MCNELL NUTRITIONALS

21.26.1. BUSINESS OVERVIEW

21.26.2. PRODUCT OFFERINGS

21.27. MEGMILK SNOW BRAND

21.27.1. BUSINESS OVERVIEW

21.27.2. PRODUCT OFFERINGS

21.28. MILLIGANS FOOD GROUP

21.28.1. BUSINESS OVERVIEW

21.28.2. PRODUCT OFFERINGS

21.29. MOTHER DAIRY FRUIT & VEGETABLE

21.29.1. BUSINESS OVERVIEW

21.29.2. PRODUCT OFFERINGS

21.30. ORGANIC VALLEY

21.30.1. BUSINESS OVERVIEW

21.30.2. PRODUCT OFFERINGS

21.31. PROCAL DAIRIES

21.31.1. BUSINESS OVERVIEW

21.31.2. PRODUCT OFFERINGS

21.32. PARAG MILK FOODS

21.32.1. BUSINESS OVERVIEW

21.32.2. PRODUCT OFFERINGS

21.33. SADAFCO

21.33.1. BUSINESS OVERVIEW

21.33.2. PRODUCT OFFERINGS

21.34. SLEEPWELL

21.34.1. BUSINESS OVERVIEW

21.34.2. PRODUCT OFFERINGS

21.35. STOLLE MILK BIOLOGICS

21.35.1. BUSINESS OVERVIEW

21.35.2. PRODUCT OFFERINGS

21.36. SYNLAIT

21.36.1. BUSINESS OVERVIEW

21.36.2. PRODUCT OFFERINGS

21.37. TIRLÁN

21.37.1. BUSINESS OVERVIEW

21.37.2. PRODUCT OFFERINGS

21.38. TESCO

21.38.1. BUSINESS OVERVIEW

21.38.2. PRODUCT OFFERINGS

21.39. VINDIJA D. D.

21.39.1. BUSINESS OVERVIEW

21.39.2. PRODUCT OFFERINGS

21.40. VALFOO

21.40.1. BUSINESS OVERVIEW

21.40.2. PRODUCT OFFERINGS

21.41. VINAMILK

21.41.1. BUSINESS OVERVIEW

21.41.2. PRODUCT OFFERINGS

22. REPORT SUMMARY

22.1. KEY TAKEAWAYS

22.2. STRATEGIC RECOMMENDATIONS

23. QUANTITATIVE SUMMARY

23.1. MARKET BY GEOGRAPHY

23.2. MARKET BY FORM

23.3. MARKET BY APPLICATION

23.4. MARKET BY AGE

23.5. MARKET BY DISTRIBUTION CHANNEL

23.6. APAC

23.6.1. FORM: MARKET SIZE & FORECAST

23.6.2. APPLICATIONS: MARKET SIZE & FORECAST

23.6.3. AGE: MARKET SIZE & FORECAST

23.6.4. DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST

23.7. NORTH AMERICA

23.7.1. FORM: MARKET SIZE & FORECAST

23.7.2. APPLICATION: MARKET SIZE & FORECAST

23.7.3. AGE: MARKET SIZE & FORECAST

23.7.4. DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST

23.8. EUROPE

23.8.1. FORM: MARKET SIZE & FORECAST

23.8.2. APPLICATION: MARKET SIZE & FORECAST

23.8.3. AGE: MARKET SIZE & FORECAST

23.8.4. DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST

23.9. LATIN AMERICA

23.9.1. FORM: MARKET SIZE & FORECAST

23.9.2. APPLICATION: MARKET SIZE & FORECAST

23.9.3. AGE: MARKET SIZE & FORECAST

23.9.4. DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST

23.10. MIDDLE EAST AND AFRICA

23.10.1. FORM: MARKET SIZE & FORECAST

23.10.2. APPLICATION: MARKET SIZE & FORECAST

23.10.3. AGE: MARKET SIZE & FORECAST

23.10.4. DISTRIBUTION CHANNEL: MARKET SIZE & FORECAST

24. APPENDIX

24.1. RESEARCH METHODOLOGY

24.2. RESEARCH PROCESS

24.3. REPORT ASSUMPTIONS & CAVEATS

24.3.1. KEY CAVEATS

24.3.2. CURRENCY CONVERSION

24.4. ABBREVIATIONS

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Frequently Asked Questions

How big is the functional milk market?

The global functional milk market was valued at USD 27.00 billion in 2023 and is expected to reach USD 41.74 billion by 2029.

What is the growth rate of the global functional milk market?

The global functional milk market is expected to grow at a CAGR of 7.53% from 2023 to 2029.

Which region dominates the global functional milk market share?

APAC held the largest global functional milk market share, accounting for over 31% in 2023.

What are the significant trends in the functional milk market?

The introduction of clean-label products in functional milk, the increased demand for lactose-free milk, and probiotics and digestive health are significant trends in the functional milk market.

Who are the key players in the global functional milk market?

ABBOTT, Danone, Lactalis International, and Nestlé are the key players in the global functional milk market.