THE GLOBAL FUNCTIONAL MILK MARKET SIZE IS EXPECTED TO REACH USD 36.63 BILLION BY 2028 FROM USD 25.22 BILLION IN 2022, GROWING AT A CAGR OF 6.42% DURING THE FORECAST PERIOD.

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

  • Form: Powder and Liquid
  • Age Group: 14–19, 20–64, 1–13, and 65 & Above
  • Application: Immunity & Disease Management, Weight Management, Clinical Nutrition, and Others
  • 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 2023–2028.

Licence Types What are these?
GET ACTIONABLE INSIGHTS ON HOW COVID-19 IS IMPACTING YOUR BUSINESS
Enquire Now Download Free Sample

Most Exhaustive Report

icon-pages

326 Pages

icon-table

95 Tables

icon-chart

182 Charts

icon-region

5 Regions

icon-country

24 Countries

icon-company

35 Companies

icon-market

5 Market Segment

FUNCTIONAL MILK MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (2028) USD 36.63 Billion
MARKET SIZE (2022) USD 25.22 Billion
CAGR (2022-2028) 6.42%
BASE YEAR 2022
FORECAST YEAR 2023-2028
SEGMENTS BY Form, Age Group, Application, Distribution Channel, and Geography
GEOGRAPHIC ANALYSIS North America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERS Nestlé, Danone, Lactalis International, and Abbott

The global functional milk market size was valued at USD 25.22 billion in 2022 and is expected to reach USD 36.63 billion by 2028. The global market is projected to grow at a CAGR of 6.42% during the forecast period due to a rise in disposable income and improved living standards leading to the inclusion of fortified food products in the diet. The functional milk market is also driven by a growth in the geriatric population, increased incidence of malnutrition among hospitalized patients, and prevalence of communicable and non-communicable chronic diseases.

Milk is one of the most consumed dairy products globally due to its high nutritional value. Functional milk can help reverse various deficiencies and related diseases, such as osteoporosis, night blindness, exophthalmia, and anemia. Moreover, functional milk contains added or fortified nutrients. Milk fortified with vitamins A and D is highly popular in the U.S. A global increase in the demand for clinical nutrition and health consciousness and a rise in the prevalence of macro and micronutrient deficiencies and obesity drive the U.S. functional milk market growth.

Functional milk fills nutrient gaps in the diet, helps reverse night blindness and other nutrition deficiency diseases, and promotes nervous system maintenance in children and adults. Milk fortification is a simple, preventive, low-cost approach to reducing micronutrient inadequacies. Some new developments in the global functional milk market include:

  • The need to replenish lost nutrients leads to the fortification of dairy products.
  • Health-conscious consumers consider functional milk as a healthier alternative to normal milk, as it includes vitamins A and D, calcium, protein, and other nutrients.
  • Countries globally increase the sales of functional milk products due to awareness of their benefits.

China and India experienced an increase in functional milk, resulting in increased growth of the functional milk market. Additionally, many other market segments are anticipated to perform fairly and attain promising growth prospects during the forecast period. However, the shift in consumer preferences toward functional milk alternatives, trade barriers, and associated socio-economic challenges are expected to affect the functional milk market growth.

MARKET TRENDS & DRIVERS

Availability of Fortified Milk Powders for Adults
Milk powder is a dried dairy product prepared by the evaporation of milk. The milk powder has a much longer shelf life than liquid milk and does not need refrigeration due to its low moisture content. Functional milk powder or dried milk contains fortified vitamins and minerals not naturally found in milk in significant amounts. Growth in consumer awareness of functional milk powder's health and nutritional benefits is expected to create lucrative opportunities for leading functional milk powder manufacturers during the forecast period. Fortified milk powder contains additional macro and micro-nutrients and can help consumers prevent and fight various lifestyle disorders.

Demand for Lactose-free Functional Milk
The global functional milk market has several lactose-free milk products. In adults’ lactose-intolerance shows up most often in people of East Asian heritage, affecting 70% to 100% of the population, according to the National Institutes of Health (NIH). The increase in the prevalence of lactose intolerance and growth in the demand for low-added sugar or sugar-free products are expected to fuel the sales of lactose-free milk globally.

SEGMENTATION INSIGHTS

INSIGHTS BY FORM
The powder form milk accounted for a 69.73% revenue share of the global functional milk market in 2022. It is the most preferred functional milk form as powdered functional milk is easy to consume; has a long shelf life; offers superior stability during processing; and is easy to handle, transport, and store. These aspects are the key factors considered in the supply chain and distribution. The powder form of milk finds the highest level of adoption in physical stores, such as convenience stores, hypermarkets, and other e-commerce websites, due to the flexibility offered in packaging techniques. Moreover, the powder form has a high intake among children and older adults as it reduces complications related to swallowing.

INSIGHTS BY AGE GROUP
The 14-19 segment accounted for the highest revenue share of the global functional milk market in 2022. The demand for functional milk among the 14–19 age group is high in developed countries. In addition, the growth in nutrient deficiencies among this age group in LMICs due to the lack of policies and programs to improve adolescents' health and nutritional status is expected to create lucrative opportunities for functional milk market growth. The market by the 14-19 age group is expected to grow at a CAGR close to 7% during the projected period. Increased awareness of the benefits of functional milk and government initiatives in LMICs can bring huge market growth opportunities.

INSIGHTS BY APPLICATION
The global functional milk market by application is segmented into immunity & disease management, weight management, clinical nutrition, and others. The immunity & disease management segment accounted for the highest revenue share of 39.34% in 2022, which is attributable to the increased focus of vendors on the development of functional milk that aids in disease management. The product offerings of more than 80% of companies include low-cholesterol functional milk due to its high demand to help manage cardiovascular diseases, which is the leading cause of death globally. In addition, vendors also develop functional milk that aids in improving and strengthening bone health in cases of low bone mass and osteoporosis. An increased population with lactose intolerance and immunodeficiency disorders contributes to the industry’s growth.

INSIGHTS BY DISTRIBUTION CHANNEL
The online segment is expected to grow the fastest among all other segments in the global functional milk under the distribution channel. The global functional milk market by online segment is expected to grow at a CAGR of more than 7% during the forecast period. Grocery and specialty stores globally plan to switch to e-commerce in developed countries. Online platforms bring numerous benefits for both customers and producers. They help reduce costs to rent retail premises and the dependence on brokers and distributors. Buying online is cheaper, and online platforms offer a wide and diverse range of products. However, online trading has a few disadvantages, such as the increased risk of identity theft and vendor fraud.

GEOGRAPHICAL ANALYSIS

APAC dominated the global functional milk market, contributing 31% to the market revenue in 2022. The large proportion of the geriatric population, the high prevalence of chronic diseases and metabolic disorders, and premature births primarily drive the regional functional milk market. The region is also expected to grow at the fastest CAGR during the forecast period. China, Japan, South Korea, Australia, and India are some leading countries in the APAC functional milk industry.

The North American functional milk market was valued at USD 7.03 billion in 2022. The region is witnessing steady growth due to the rising geriatric population and the growing prevalence of various diseases. Moreover, the increasing incidence of malnutrition among chronic disease patients and children is another major factor driving the industry's growth. The U.S. is the largest functional milk market in the region and primarily drives the regional market’s growth.

In 2022, Europe contributed 25% to the functional milk market revenue. Functional and fortified foods and beverages are growing in popularity across Europe. Further, Latin America and the Middle East & Africa have low market penetration rates and provide enormous growth opportunities to vendors due to high malnutrition rates. In 2019, the Turkish Clinical Enteral and Parental Nutrition Society (KEPAN) conducted an education program that saw the participation of 499 clinicians. Increased awareness of malnutrition is expected to create huge growth opportunities in the Middle East & Africa.

VENDOR LANDSCAPE

The global functional milk market is highly fragmented and competitive, with significant international and regional vendors. Nestle, Danone, Lactalis International, and Abbott are the top four vendors that hold dominant functional milk market shares. Other significant players include Dairy Farmers of America, Arla Foods amba, GCMMF, Glanbia, Ehrmann, and SADAFCO. Companies focus on organic growth by investing in R&D activities to develop new and innovative products. On April 28, 2021, Synlait announced the launch of its skim milk powder, Made with Better Milk.

Key companies in the functional milk market are also investing in business expansions. For instance, in 2019, Crediton Dairy invested around USD 13.46 million in its flavored and functional milk processing facility in the UK. Further, some innovative products in the industry include breakfast milk drinks and formulated milk powders for adults in various flavors. Lactose-free milk, vitamins A and D-fortified milk, and low-fat or fat-free milk are popular due to their applications in disease and weight management. Other latest industry innovations include functional milk to improve sleep, beauty, and skin health and high protein functional milk to build muscles. For example, Lycotec and Parag Milk Foods are leading companies that offer functional milk for beauty and skin health and flavored milk with extra proteins to increase muscle mass. Many functional milk market vendors exist in emerging countries, such as India and South Africa. For instance, in May 2022, Nestle launched its NESTLE EVERYDAY functional milk powder 120 G fortified with iron and vitamin C in South Africa.

Frequently Asked Questions

How big is the functional milk market?

The global functional milk market size was valued at USD 25.22 billion in 2022 and is expected to reach USD 36.63 billion by 2028.

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

The global functional milk market is expected to grow at a CAGR of 6.42% from 2022 to 2028.

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

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

What are the significant trends in the functional milk market?

Increased demand for personalized nutrition, availability of fortified milk powders for adults, and fortified milk for beauty & skin health are the significant trends in the functional milk industry.

Which region dominates the global functional milk market share?

APAC held the largest global functional milk market share and accounted for a share of 31% in 2022.

Download Free Sample

The functional milk market is expected to grow at a CAGR of approximately 6.42% from 2022 to 2028.

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

  • Demand for Lactose-free Functional Milk
  • Micronutrient Inadequacies
  • Demand for Protein-rich Milk

Base Year: 2022

Forecast Year: 2023-2028

The report considers the present scenario of the functional milk market and its market dynamics for 2023−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Key Company Profiles

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

Other Prominent Vendors

  • Aroma Milk Products
    • Business Overview
    • Product Offerings
  • Arla Foods amba
  • Best Way Ingredients
  • Best Health Foods
  • Bright Life Care
  • CAPSA
  • Crediton Dairy
  • Dairy Farmers of America
  • Ehrmann
  • F&N Dairies
  • FrieslandCampina
  • 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

Segmentation by Form

  • Powder
  • Liquid

Segmentation by Age Group

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

Segmentation by Application

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

Segmentation by Distribution Channel

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

Segmentation by Geography

  • APAC
    • China
    • Japan
    • South Korea
    • Australia
    • India
    • Thailand
    • Indonesia
    • Philippines
    • Malaysia
    • Vietnam
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Turkey
    • Saudi Africa
    • Saudi Arabia

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.3.1 MARKET BY FORM

4.3.2 MARKET BY AGE GROUP

4.3.3 MARKET BY APPLICATION

4.3.4 MARKET BY DISTRIBUTION CHANNEL

4.3.5 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 INTRODUCTION

7.1 OVERVIEW

7.1.1 HIGHLIGHTS

8 PREMIUM INSIGHTS

8.1 MARKET SCENARIO

9 MARKET OPPORTUNITIES & TRENDS

9.1 INCREASED DEMAND FOR PERSONALIZED NUTRITION

9.2 AVAILABILITY OF FORTIFIED MILK POWDERS FOR ADULTS

9.3 FORTIFIED MILK FOR BEAUTY & SKIN HEALTH

10 MARKET GROWTH ENABLERS

10.1 DEMAND FOR LACTOSE-FREE FUNCTIONAL MILK

10.2 MICRONUTRIENT INADEQUACIES

10.3 DEMAND FOR PROTEIN-RICH MILK

11 MARKET RESTRAINTS

11.1 PREFERENCE FOR FUNCTIONAL MILK ALTERNATIVES

11.2 INCREASING STRINGENT TRADE BARRIERS

11.3 SOCIOECONOMIC & RAW MATERIAL FORMULATION CHALLENGES

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.2.1 INSIGHTS BY FORM

12.2.2 INSIGHTS BY AGE GROUP

12.2.3 INSIGHTS BY APPLICATION

12.2.4 INSIGHTS BY DISTRIBUTION CHANNEL

12.2.5 INSIGHTS BY GEOGRAPHY

12.3 FIVE FORCES ANALYSIS

12.3.1 THREAT OF NEW ENTRANTS

12.3.2 BARGAINING POWER OF SUPPLIERS

12.3.3 BARGAINING POWER OF BUYERS

12.3.4 THREAT OF SUBSTITUTES

12.3.5 COMPETITIVE RIVALRY

13 FORM

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 MARKET OVERVIEW

13.3 POWDER

13.3.1 MARKET OVERVIEW

13.3.2 MARKET SIZE & FORECAST

13.3.3 MARKET BY GEOGRAPHY

13.4 LIQUID

13.4.1 MARKET OVERVIEW

13.4.2 MARKET SIZE & FORECAST

13.4.3 MARKET BY GEOGRAPHY

14 AGE GROUP

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.3 14-19

14.3.1 MARKET OVERVIEW

14.3.2 MARKET SIZE & FORECAST

14.3.3 MARKET BY GEOGRAPHY

14.4 20–64

14.4.1 MARKET OVERVIEW

14.4.2 MARKET SIZE & FORECAST

14.4.3 MARKET BY GEOGRAPHY

14.5 1–13

14.5.1 MARKET OVERVIEW

14.5.2 MARKET SIZE & FORECAST

14.5.3 MARKET BY GEOGRAPHY

14.6 65 & ABOVE

14.6.1 MARKET OVERVIEW

14.6.2 MARKET SIZE & FORECAST

14.6.3 MARKET BY GEOGRAPHY

15 APPLICATION

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 MARKET OVERVIEW

15.3 IMMUNITY & DISEASE MANAGEMENT

15.3.1 MARKET OVERVIEW

15.3.2 MARKET SIZE & FORECAST

15.3.3 MARKET BY GEOGRAPHY

15.4 WEIGHT MANAGEMENT

15.4.1 MARKET OVERVIEW

15.4.2 MARKET SIZE & FORECAST

15.4.3 MARKET BY GEOGRAPHY

15.5 CLINICAL NUTRITION

15.5.1 MARKET OVERVIEW

15.5.2 MARKET SIZE & FORECAST

15.5.3 MARKET BY GEOGRAPHY

15.6 OTHERS

15.6.1 MARKET OVERVIEW

15.6.2 MARKET SIZE & FORECAST

15.6.3 MARKET BY GEOGRAPHY

16 DISTRIBUTION CHANNEL

16.1 MARKET SNAPSHOT & GROWTH ENGINE

16.2 MARKET OVERVIEW

16.3 CONVENIENCE STORES

16.3.1 MARKET OVERVIEW

16.3.2 MARKET SIZE & FORECAST

16.3.3 MARKET BY GEOGRAPHY

16.4 HYPERMARKETS

16.4.1 MARKET OVERVIEW

16.4.2 MARKET SIZE & FORECAST

16.4.3 MARKET BY GEOGRAPHY

16.5 GROCERY STORES

16.5.1 MARKET OVERVIEW

16.5.2 MARKET SIZE & FORECAST

16.5.3 MARKET BY GEOGRAPHY

16.6 ONLINE

16.6.1 MARKET OVERVIEW

16.6.2 MARKET SIZE & FORECAST

16.6.3 MARKET BY GEOGRAPHY

16.7 SPECIALTY STORES

16.7.1 MARKET OVERVIEW

16.7.2 MARKET SIZE & FORECAST

16.7.3 MARKET BY GEOGRAPHY

16.8 INSTITUTIONAL SALES

16.8.1 MARKET OVERVIEW

16.8.2 MARKET SIZE & FORECAST

16.8.3 MARKET BY GEOGRAPHY

17 GEOGRAPHY

17.1 MARKET SNAPSHOT & GROWTH ENGINE

17.2 GEOGRAPHIC OVERVIEW

18 APAC

18.1 MARKET OVERVIEW

18.2 MARKET SIZE & FORECAST

18.3 APAC: FORM

18.4 APAC: AGE GROUP

18.5 APAC: APPLICATION

18.6 APAC: DISTRIBUTION CHANNEL

18.7 KEY COUNTRIES

18.7.1 CHINA: MARKET SIZE & FORECAST

18.7.2 JAPAN: MARKET SIZE & FORECAST

18.7.3 SOUTH KOREA: MARKET SIZE & FORECAST

18.7.4 AUSTRALIA: MARKET SIZE & FORECAST

18.7.5 INDIA: MARKET SIZE & FORECAST

18.7.6 THAILAND: MARKET SIZE & FORECAST

18.7.7 INDONESIA: MARKET SIZE & FORECAST

18.7.8 PHILIPPINES: MARKET SIZE & FORECAST

18.7.9 MALAYSIA: MARKET SIZE & FORECAST

18.7.10 VIETNAM: MARKET SIZE & FORECAST

19 NORTH AMERICA

19.1 MARKET OVERVIEW

19.2 MARKET SIZE & FORECAST

19.3 NORTH AMERICA: FORM

19.4 NORTH AMERICA: AGE GROUP

19.5 NORTH AMERICA: APPLICATION

19.6 NORTH AMERICA: DISTRIBUTION CHANNEL

19.7 KEY COUNTRIES

19.7.1 US: MARKET SIZE & FORECAST

19.7.2 CANADA: MARKET SIZE & FORECAST

20 EUROPE

20.1 MARKET OVERVIEW

20.2 MARKET SIZE & FORECAST

20.3 EUROPE: FORM

20.4 EUROPE: AGE GROUP

20.5 EUROPE: APPLICATION

20.6 EUROPE: DISTRIBUTION CHANNEL

20.7 KEY COUNTRIES

20.7.1 GERMANY: MARKET SIZE & FORECAST

20.7.2 FRANCE: MARKET SIZE & FORECAST

20.7.3 UK: MARKET SIZE & FORECAST

20.7.4 SPAIN: MARKET SIZE & FORECAST

20.7.5 ITALY: MARKET SIZE & FORECAST

20.7.6 RUSSIA: MARKET SIZE & FORECAST

21 LATIN AMERICA

21.1 MARKET OVERVIEW

21.2 MARKET SIZE & FORECAST

21.3 LATIN AMERICA: FORM

21.4 LATIN AMERICA: AGE GROUP

21.5 LATIN AMERICA: APPLICATION

21.6 LATIN AMERICA: DISTRIBUTION CHANNEL

21.7 KEY COUNTRIES

21.7.1 BRAZIL: MARKET SIZE & FORECAST

21.7.2 MEXICO: MARKET SIZE & FORECAST

21.7.3 ARGENTINA: MARKET SIZE & FORECAST

22 MIDDLE EAST & AFRICA

22.1 MARKET OVERVIEW

22.2 MARKET SIZE & FORECAST

22.3 MIDDLE EAST & AFRICA: FORM

22.4 MIDDLE EAST & AFRICA: AGE GROUP

22.5 MIDDLE EAST & AFRICA: APPLICATION

22.6 MIDDLE EAST & AFRICA: DISTRIBUTION CHANNEL

22.7 KEY COUNTRIES

22.7.1 TURKEY: MARKET SIZE & FORECAST

22.7.2 SOUTH AFRICA: MARKET SIZE & FORECAST

22.7.3 SAUDI ARABIA: MARKET SIZE & FORECAST

23 COMPETITIVE LANDSCAPE

23.1 COMPETITION OVERVIEW

23.2 MARKET SHARE ANALYSIS

23.2.1 NESTLÉ

23.2.2 DANONE

23.2.3 LACTALIS INTERNATIONAL

23.2.4 ABBOTT

24 KEY COMPANY PROFILES

24.1 NESTLÉ

24.1.1 BUSINESS OVERVIEW

24.1.2 PRODUCT OFFERINGS

24.1.3 KEY STRATEGIES

24.1.4 KEY STRENGTHS

24.1.5 KEY OPPORTUNITIES

24.2 DANONE

24.2.1 BUSINESS OVERVIEW

24.2.2 PRODUCT OFFERINGS

24.2.3 KEY STRATEGIES

24.2.4 KEY STRENGTHS

24.2.5 KEY OPPORTUNITIES

24.3 LACTALIS INTERNATIONAL

24.3.1 BUSINESS OVERVIEW

24.3.2 PRODUCT OFFERINGS

24.3.3 KEY STRATEGIES

24.3.4 KEY STRENGTHS

24.3.5 KEY OPPORTUNITIES

24.4 ABBOTT

24.4.1 BUSINESS OVERVIEW

24.4.2 PRODUCT OFFERINGS

24.4.3 KEY STRATEGIES

24.4.4 KEY STRENGTHS

24.4.5 KEY OPPORTUNITIES

25 OTHER PROMINENT VENDORS

25.1 AROMA MILK PRODUCTS

25.1.1 BUSINESS OVERVIEW

25.1.2 PRODUCT OFFERINGS

25.2 ARLA FOODS AMBA

25.2.1 BUSINESS OVERVIEW

25.2.2 PRODUCT OFFERINGS

25.3 BEST WAY INGREDIENTS

25.3.1 BUSINESS OVERVIEW

25.3.2 PRODUCT OFFERINGS

25.4 BEST HEALTH FOODS

25.4.1 BUSINESS OVERVIEW

25.4.2 PRODUCT OFFERINGS

25.5 BRIGHT LIFE CARE

25.5.1 BUSINESS OVERVIEW

25.5.2 PRODUCT OFFERINGS

25.6 CAPSA

25.6.1 BUSINESS OVERVIEW

25.6.2 PRODUCT OFFERINGS

25.7 CREDITON DAIRY

25.7.1 BUSINESS OVERVIEW

25.7.2 PRODUCT OFFERINGS

25.8 DAIRY FARMERS OF AMERICA

25.8.1 BUSINESS OVERVIEW

25.8.2 PRODUCT OFFERINGS

25.9 EHRMANN

25.9.1 BUSINESS OVERVIEW

25.9.2 PRODUCT OFFERINGS

25.10 F&N DAIRIES

25.10.1 BUSINESS OVERVIEW

25.10.2 PRODUCT OFFERINGS

25.11 FRIESLANDCAMPINA

25.11.1 BUSINESS OVERVIEW

25.11.2 PRODUCT OFFERINGS

25.12 FONTERRA

25.12.1 BUSINESS OVERVIEW

25.12.2 PRODUCT OFFERINGS

25.13 GLANBIA

25.13.1 BUSINESS OVERVIEW

25.13.2 PRODUCT OFFERINGS

25.14 GCMMF

25.14.1 BUSINESS OVERVIEW

25.14.2 PRODUCT OFFERINGS

25.15 HERITAGE FOODS

25.15.1 BUSINESS OVERVIEW

25.15.2 PRODUCT OFFERINGS

25.16 INGREDIA

25.16.1 BUSINESS OVERVIEW

25.16.2 PRODUCT OFFERINGS

25.17 LAND O’ LAKES

25.17.1 BUSINESS OVERVIEW

25.17.2 PRODUCT OFFERINGS

25.18 LYCOTEC

25.18.1 BUSINESS OVERVIEW

25.18.2 PRODUCT OFFERINGS

25.19 MEGMILK SNOW BRAND

25.19.1 BUSINESS OVERVIEW

25.19.2 PRODUCT OFFERINGS

25.20 MILLIGANS FOOD GROUP

25.20.1 BUSINESS OVERVIEW

25.20.2 PRODUCT OFFERINGS

25.21 MOTHER DAIRY FRUIT & VEGETABLE

25.21.1 BUSINESS OVERVIEW

25.21.2 PRODUCT OFFERINGS

25.22 PARAG MILK FOODS

25.22.1 BUSINESS OVERVIEW

25.22.2 PRODUCT OFFERINGS

25.23 SADAFCO

25.23.1 BUSINESS OVERVIEW

25.23.2 PRODUCT OFFERINGS

25.24 SLEEPWELL

25.24.1 BUSINESS OVERVIEW

25.24.2 PRODUCT OFFERINGS

25.25 STOLLE MILK BIOLOGICS

25.25.1 BUSINESS OVERVIEW

25.25.2 PRODUCT OFFERINGS

25.26 SYNLAIT

25.26.1 BUSINESS OVERVIEW

25.26.2 PRODUCT OFFERINGS

25.27 TIRLÁN

25.27.1 BUSINESS OVERVIEW

25.27.2 PRODUCT OFFERINGS

25.28 TESCO

25.28.1 BUSINESS OVERVIEW

25.28.2 PRODUCT OFFERINGS

25.29 VINDIJA D.D.

25.29.1 BUSINESS OVERVIEW

25.29.2 PRODUCT OFFERINGS

25.30 VALFOO

25.30.1 BUSINESS OVERVIEW

25.30.2 PRODUCT OFFERINGS

25.31 VINAMILK

25.31.1 BUSINESS OVERVIEW

25.31.2 PRODUCT OFFERINGS

26 REPORT SUMMARY

26.1 KEY TAKEAWAYS

26.2 STRATEGIC RECOMMENDATIONS

27 QUANTITATIVE SUMMARY

27.1 MARKET BY GEOGRAPHY

27.2 MARKET BY FORM

27.3 MARKET BY AGE GROUP

27.4 MARKET BY APPLICATION

27.5 MARKET BY DISTRIBUTION CHANNEL

27.6 APAC BY FORM

27.7 APAC BY AGE GROUP

27.8 APAC BY APPLICATION

27.9 APAC BY DISTRIBUTION CHANNEL

27.10 NORTH AMERICA BY FORM

27.11 NORTH AMERICA BY AGE GROUP

27.12 NORTH AMERICA BY APPLICATION

27.13 NORTH AMERICA BY DISTRIBUTION CHANNEL

27.14 EUROPE BY FORM

27.15 EUROPE BY AGE GROUP

27.16 EUROPE BY APPLICATION

27.17 EUROPE BY DISTRIBUTION CHANNEL

27.18 LATIN AMERICA BY FORM

27.19 LATIN AMERICA BY AGE GROUP

27.2 LATIN AMERICA BY APPLICATION

27.21 LATIN AMERICA BY DISTRIBUTION CHANNEL

27.22 MIDDLE EAST & AFRICA BY FORM

27.23 MIDDLE EAST & AFRICA BY AGE GROUP

27.24 MIDDLE EAST & AFRICA BY APPLICATION

27.25 MIDDLE EAST & AFRICA BY DISTRIBUTION CHANNEL

28 APPENDIX

28.1 ABBREVIATIONS

EXHIBIT 1 SEGMENTATION OF GLOBAL FUNCTIONAL MILK MARKET

EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2022

EXHIBIT 3 STATISTICS OF UNDERNOURISHED & OVERWEIGHT PEOPLE GLOBALLY (2022)

EXHIBIT 4 ADVANTAGES OF FUNCTIONAL MILK

EXHIBIT 5 MAJOR MARKET DRIVERS

EXHIBIT 6 IMPACT OF INCREASED DEMAND FOR PERSONALIZED NUTRITION

EXHIBIT 7 AGE-ADJUSTED OBESITY PREVALENCE AMONG ADULTS BY SEX & AGE: US (2017–2018)

EXHIBIT 8 IMPACT OF AVAILABILITY OF FORTIFIED MILK POWDERS FOR ADULTS

EXHIBIT 9 ADVANTAGES OF POWDERED MILK

EXHIBIT 10 IMPACT OF FORTIFIED MILK FOR BEAUTY & SKIN HEALTH

EXHIBIT 11 IMPACT OF DEMAND FOR LACTOSE-FREE FUNCTIONAL MILK

EXHIBIT 12 IMPACT OF MICRONUTRIENT INADEQUACIES

EXHIBIT 13 IMPACT OF DEMAND FOR PROTEIN-RICH MILK

EXHIBIT 14 IMPACT OF PREFERENCE FOR FUNCTIONAL MILK ALTERNATIVES

EXHIBIT 15 TYPE OF MILK PREFERRED IN THE US

EXHIBIT 16 IMPACT OF INCREASING STRINGENT TRADE BARRIERS

EXHIBIT 17 IMPACT OF SOCIOECONOMIC & RAW MATERIAL FORMULATION CHALLENGES

EXHIBIT 18 GLOBAL FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 19 GLOBAL FUNCTIONAL MILK MARKET BY FORM 2022 & 2028 (%)

EXHIBIT 20 GLOBAL FUNCTIONAL MILK MARKET BY AGE GROUP 2022 & 2028 (%)

EXHIBIT 21 GLOBAL FUNCTIONAL MILK MARKET BY APPLICATION 2022 & 2028 (%)

EXHIBIT 22 GLOBAL FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2022 & 2028 (%)

EXHIBIT 23 GLOBAL FUNCTIONAL MILK MARKET BY GEOGRAPHY 2022 & 2028 (%)

EXHIBIT 24 FIVE FORCES ANALYSIS 2022

EXHIBIT 25 INCREMENTAL GROWTH BY FORM 2022 & 2028

EXHIBIT 26 GLOBAL FUNCTIONAL MILK MARKET BY FORM

EXHIBIT 27 GLOBAL FUNCTIONAL MILK MARKET BY FORM: INCREMENTAL GROWTH ($ BILLION)

EXHIBIT 28 GLOBAL FUNCTIONAL MILK MARKET BY FORM: ABSOLUTE GROWTH (%)

EXHIBIT 29 GLOBAL FUNCTIONAL POWDER MILK MARKET: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 30 GLOBAL FUNCTIONAL POWDERMILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 31 GLOBAL FUNCTIONAL POWDER MILK MARKET: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 32 GLOBAL FUNCTIONAL LIQUID MILK MARKET: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 33 GLOBAL FUNCTIONAL LIQUID MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 34 GLOBAL FUNCTIONAL LIQUID MILK MARKET: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 35 INCREMENTAL GROWTH BY AGE GROUP 2022 & 2028

EXHIBIT 36 GLOBAL FUNCTIONAL MILK MARKET BY AGE GROUP

EXHIBIT 37 GLOBAL FUNCTIONAL MILK MARKET BY AGE GROUP: INCREMENTAL GROWTH ($ BILLION)

EXHIBIT 38 GLOBAL FUNCTIONAL MILK MARKET BY AGE GROUP: ABSOLUTE GROWTH (%)

EXHIBIT 39 GLOBAL FUNCTIONAL MILK MARKET BY 14-19 AGE GROUP: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 40 GLOBAL FUNCTIONAL MILK MARKET BY 14-19 AGE GROUP 2022–2028 ($ BILLION)

EXHIBIT 41 GLOBAL FUNCTIONAL MILK MARKET BY 14–19 AGE GROUP: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 42 GLOBAL FUNCTIONAL MILK MARKET BY 20–64 AGE GROUP: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 43 GLOBAL FUNCTIONAL MILK MARKET BY 20–64 AGE GROUP 2022–2028 ($ BILLION)

EXHIBIT 44 GLOBAL FUNCTIONAL MILK MARKET BY 20–64 AGE GROUP: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 45 GLOBAL FUNCTIONAL MILK MARKET BY 1–13 AGE GROUP: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 46 GLOBAL FUNCTIONAL MILK MARKET BY 1–13 AGE GROUP 2022–2028 ($ BILLION)

EXHIBIT 47 GLOBAL FUNCTIONAL MILK MARKET BY 1–13 AGE GROUP: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 48 GLOBAL FUNCTIONAL MILK MARKET BY 65 & ABOVE AGE GROUP: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 49 GLOBAL FUNCTIONAL MILK MARKET BY 65 & ABOVE AGE GROUP 2022–2028 ($ BILLION)

EXHIBIT 50 GLOBAL FUNCTIONAL MILK MARKET BY 65 & ABOVE AGE GROUP: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 51 INCREMENTAL GROWTH BY APPLICATION 2022 & 2028

EXHIBIT 52 GLOBAL FUNCTIONAL MILK MARKET BY APPLICATION

EXHIBIT 53 GLOBAL FUNCTIONAL MILK MARKET BY APPLICATION: INCREMENTAL GROWTH ($ BILLION)

EXHIBIT 54 GLOBAL FUNCTIONAL MILK MARKET BY APPLICATION: ABSOLUTE GROWTH (%)

EXHIBIT 55 PREVALENCE OF OSTEOPOROSIS AMONG US ADULTS AGED 50 AND OVER, BY GENDER, 2017–2018 (%)

EXHIBIT 56 BURDEN OF DISEASES, 2019 (MILLION)

EXHIBIT 57 GLOBAL FUNCTIONAL MILK MARKET BY IMMUNITY & DISEASE MANAGEMENT: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 58 GLOBAL FUNCTIONAL MILK MARKET BY IMMUNITY & DISEASE MANAGEMENT 2022–2028 ($ BILLION)

EXHIBIT 59 GLOBAL FUNCTIONAL MILK MARKET BY IMMUNITY & DISEASE MANAGEMENT: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 60 GLOBAL FUNCTIONAL MILK MARKET BY WEIGHT MANAGEMENT: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 61 GLOBAL FUNCTIONAL MILK MARKET BY WEIGHT MANAGEMENT 2022–2028 ($ BILLION)

EXHIBIT 62 GLOBAL FUNCTIONAL MILK MARKET BY WEIGHT MANAGEMENT: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 63 GLOBAL FUNCTIONAL MILK MARKET BY CLINICAL NUTRITION: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 64 GLOBAL FUNCTIONAL MILK MARKET BY CLINICAL NUTRITION 2022–2028 ($ BILLION)

EXHIBIT 65 GLOBAL FUNCTIONAL MILK MARKET BY CLINICAL NUTRITION: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 66 GLOBAL FUNCTIONAL MILK MARKET BY OTHERS: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 67 GLOBAL FUNCTIONAL MILK MARKET BY OTHERS 2022–2028 ($ BILLION)

EXHIBIT 68 GLOBAL FUNCTIONAL MILK MARKET BY OTHERS: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 69 INCREMENTAL GROWTH BY DISTRIBUTION CHANNEL 2022 & 2028

EXHIBIT 70 GLOBAL FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL

EXHIBIT 71 GLOBAL FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL: INCREMENTAL GROWTH ($ BILLION)

EXHIBIT 72 GLOBAL FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL: ABSOLUTE GROWTH (%)

EXHIBIT 73 GLOBAL FUNCTIONAL MILK MARKET BY CONVENIENCE STORES: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 74 GLOBAL FUNCTIONAL MILK MARKET BY CONVENIENCE STORES 2022–2028 ($ BILLION)

EXHIBIT 75 GLOBAL FUNCTIONAL MILK MARKET BY CONVENIENCE STORES: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 76 GLOBAL FUNCTIONAL MILK MARKET BY HYPERMARKETS: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 77 GLOBAL FUNCTIONAL MILK MARKET BY HYPERMARKETS 2022–2028 ($ BILLION)

EXHIBIT 78 GLOBAL FUNCTIONAL MILK MARKET BY HYPERMARKETS: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 79 GLOBAL FUNCTIONAL MILK MARKET BY GROCERY STORES: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 80 GLOBAL FUNCTIONAL MILK MARKET BY GROCERY STORES 2022–2028 ($ BILLION)

EXHIBIT 81 GLOBAL FUNCTIONAL MILK MARKET BY GROCERY STORES: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 82 GLOBAL FUNCTIONAL MILK MARKET BY ONLINE: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 83 GLOBAL FUNCTIONAL MILK MARKET BY ONLINE 2022–2028 ($ BILLION)

EXHIBIT 84 GLOBAL FUNCTIONAL MILK MARKET BY ONLINE: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 85 GLOBAL FUNCTIONAL MILK MARKET BY SPECIALTY STORES: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 86 GLOBAL FUNCTIONAL MILK MARKET BY SPECIALTY STORES 2022–2028 ($ BILLION)

EXHIBIT 87 GLOBAL FUNCTIONAL MILK MARKET BY SPECIALTY STORES: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 88 GLOBAL FUNCTIONAL MILK MARKET BY INSTITUTIONAL SALES: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 89 GLOBAL FUNCTIONAL MILK MARKET BY INSTITUTIONAL SALES 2022–2028 ($ BILLION)

EXHIBIT 90 GLOBAL FUNCTIONAL MILK MARKET BY INSTITUTIONAL SALES: INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 91 INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 92 GLOBAL FUNCTIONAL MILK MARKET BY GEOGRAPHY

EXHIBIT 93 GLOBAL FUNCTIONAL MILK MARKET BY GEOGRAPHY: INCREMENTAL GROWTH ($ BILLION)

EXHIBIT 94 GLOBAL FUNCTIONAL MILK MARKET BY GEOGRAPHY: ABSOLUTE GROWTH (%)

EXHIBIT 95 APAC FUNCTIONAL MILK MARKET: KEY COUNTRIES 2022 ($ BILLION)

EXHIBIT 96 APAC FUNCTIONAL MILK MARKET: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 97 APAC FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 98 INCREMENTAL GROWTH BY FORM 2022 & 2028

EXHIBIT 99 INCREMENTAL GROWTH BY AGE GROUP 2022 & 2028

EXHIBIT 100 INCREMENTAL GROWTH BY APPLICATION 2022 & 2028

EXHIBIT 101 INCREMENTAL GROWTH BY DISTRIBUTION CHANNEL 2022 & 2028

EXHIBIT 102 INCREMENTAL GROWTH IN APAC 2022 & 2028

EXHIBIT 103 CHINA FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 104 JAPAN FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 105 PREVALENCE OF DIABETES AMONG SOUTH KOREANS (%)

EXHIBIT 106 SOUTH KOREA FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 107 AUSTRALIA FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 108 INDIA FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 109 THAILAND FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 110 TREND OF NCDS: INDONESIA (%)

EXHIBIT 111 PREVALENCE OF ANEMIA AMONG WOMEN OF REPRODUCTIVE AGE

EXHIBIT 112 INDONESIA FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 113 PREVALENCE OF OVERWEIGHT IN ADULTS AGED 18 YEARS & OVER

EXHIBIT 114 PHILIPPINES FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 115 PREVALENCE OF ANEMIA IN WOMEN OF ALL AGES (2015–2019)

EXHIBIT 116 MALAYSIA FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 117 VIETNAM FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 118 NORTH AMERICA FUNCTIONAL MILK MARKET: KEY COUNTRIES 2022 ($ BILLION)

EXHIBIT 119 NORTH AMERICA FUNCTIONAL MILK MARKET: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 120 NORTH AMERICA FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 121 INCREMENTAL GROWTH BY FORM 2022 & 2028

EXHIBIT 122 INCREMENTAL GROWTH BY AGE GROUP 2022 & 2028

EXHIBIT 123 INCREMENTAL GROWTH BY APPLICATION 2022 & 2028

EXHIBIT 124 INCREMENTAL GROWTH BY DISTRIBUTION CHANNEL 2022 & 2028

EXHIBIT 125 INCREMENTAL GROWTH IN NORTH AMERICA 2022 & 2028

EXHIBIT 126 US PER CAPITA CONSUMPTION OF LIQUID COW MILK, CUPS PER PERSON PER DAY, (2000–2019)

EXHIBIT 127 US FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 128 CANADA FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 129 EUROPE FUNCTIONAL MILK MARKET: KEY COUNTRIES 2022 ($ BILLION)

EXHIBIT 130 EUROPE FUNCTIONAL MILK MARKET: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 131 EUROPE FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 132 INCREMENTAL GROWTH BY FORM 2022 & 2028

EXHIBIT 133 INCREMENTAL GROWTH BY AGE GROUP 2022 & 2028

EXHIBIT 134 INCREMENTAL GROWTH BY APPLICATION 2022 & 2028

EXHIBIT 135 INCREMENTAL GROWTH BY DISTRIBUTION CHANNEL 2022 & 2028

EXHIBIT 136 INCREMENTAL GROWTH IN EUROPE 2022 & 2028

EXHIBIT 137 PREVALENCE OF OBESITY IN ADULTS AGED 18 YEARS & OVER

EXHIBIT 138 PREVALENCE OF OVERWEIGHT IN ADULTS AGED 18 YEARS & OVER

EXHIBIT 139 PREVALENCE OF ANEMIA AMONG WOMEN OF REPRODUCTIVE AGE

EXHIBIT 140 GERMANY FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 141 PREVALENCE OF ANEMIA AMONG WOMEN OF REPRODUCTIVE AGE

EXHIBIT 142 PREVALENCE OF OVERWEIGHT IN ADULTS AGED 18 YEARS & OVER

EXHIBIT 143 FRANCE FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 144 PREVALENCE OF ANEMIA AMONG WOMEN OF REPRODUCTIVE AGE

EXHIBIT 145 UK FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 146 SPAIN FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 147 PREVALENCE OF OVERWEIGHT IN CHILDREN & ADOLESCENTS AGED 5–19 YEARS

EXHIBIT 148 PREVALENCE OF ANEMIA AMONG WOMEN OF REPRODUCTIVE AGE

EXHIBIT 149 ITALY FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 150 RUSSIA FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 151 LATIN AMERICA FUNCTIONAL MILK MARKET: KEY COUNTRIES 2022 ($ BILLION)

EXHIBIT 152 LATIN AMERICA FUNCTIONAL MILK MARKET: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 153 LATIN AMERICA FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 154 INCREMENTAL GROWTH BY FORM 2022 & 2028

EXHIBIT 155 INCREMENTAL GROWTH BY AGE GROUP 2022 & 2028

EXHIBIT 156 INCREMENTAL GROWTH BY APPLICATION 2022 & 2028

EXHIBIT 157 INCREMENTAL GROWTH BY DISTRIBUTION CHANNEL 2022 & 2028

EXHIBIT 158 INCREMENTAL GROWTH IN LATIN AMERICA 2022 & 2028

EXHIBIT 159 BRAZIL FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 160 MEXICO FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 161 ARGENTINA FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 162 MIDDLE EAST & AFRICA FUNCTIONAL MILK MARKET: KEY COUNTRIES 2022 ($ BILLION)

EXHIBIT 163 MIDDLE EAST & AFRICA FUNCTIONAL MILK MARKET: INCREMENTAL & ABSOLUTE GROWTH

EXHIBIT 164 MIDDLE EAST & AFRICA FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 165 INCREMENTAL GROWTH BY FORM 2022 & 2028

EXHIBIT 166 INCREMENTAL GROWTH BY AGE GROUP 2022 & 2028

EXHIBIT 167 INCREMENTAL GROWTH BY APPLICATION 2022 & 2028

EXHIBIT 168 INCREMENTAL GROWTH BY DISTRIBUTION CHANNEL 2022 & 2028

EXHIBIT 169 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA 2022 & 2028

EXHIBIT 170 TURKEY FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 171 SOUTH AFRICA FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 172 SAUDI ARABIA FUNCTIONAL MILK MARKET 2022–2028 ($ BILLION)

EXHIBIT 173 MARKET SHARE OF TIER I & II VENDORS (2022)

EXHIBIT 174 GLOBAL FUNCTIONAL MILK MARKET – MARKET DOMINANCE ANALYSIS

EXHIBIT 175 GLOBAL FUNCTIONAL MILK MARKET – CAPABILITIES & EXPERTISE ASSESSMENT

EXHIBIT 176 NESTLÉ: TOTAL REVENUE ($ BILLION)

EXHIBIT 177 DANONE: TOTAL REVENUE ($ BILLION)

EXHIBIT 178 DANONE: TOTAL REVENUE SHARE BY GEOGRAPHY ($ BILLION), 2021

EXHIBIT 179 LACTALIS INTERNATIONAL: TOTAL REVENUE ($ BILLION)

EXHIBIT 180 LACTALIS INTERNATIONAL: TOTAL REVENUE SHARE BY GEOGRAPHY ($ BILLION), 2021

EXHIBIT 181 ABBOTT: TOTAL REVENUE ($ BILLION)

EXHIBIT 182 ABBOTT: TOTAL REVENUE SHARE BY BUSINESS SEGMENTS ($ BILLION), 2021

 

LIST OF TABLES

TABLE 1 KEY CAVEATS

TABLE 2 CURRENCY CONVERSION 2016–2022

TABLE 3 TOP 10 COUNTRIES WITH A HIGH PREVALENCE OF LACTOSE INTOLERANCE

TABLE 4 COMPANIES THAT OFFER LACTOSE-FREE FUNCTIONAL MILK

TABLE 5 NUTRIENT-DEFICIENCY BASED DISEASES WITH SYMPTOMS & KEY NUTRIENT-RICH FOOD

TABLE 6 BIOACTIVE INGREDIENTS FOR FUNCTIONAL DAIRY BEVERAGES & ASSOCIATED FORMULATION CHALLENGES

TABLE 7 PREGNANCY NUTRITIONAL NEEDS

TABLE 8 BENEFITS OF ONLINE SHOPPING FOR RETAILERS AND SHOPPERS

TABLE 9 PROS & CONS OF HYPERMARKETS

TABLE 10 KEY VENDORS’ RANKING IN GLOBAL FUNCTIONAL MILK MARKET (2022)

TABLE 11 NESTLÉ: MAJOR PRODUCT OFFERINGS

TABLE 12 DANONE: MAJOR PRODUCT OFFERINGS

TABLE 13 LACTALIS INTERNATIONAL: MAJOR PRODUCT OFFERINGS

TABLE 14 ABBOTT: MAJOR PRODUCT OFFERINGS

TABLE 15 AROMA MILK PRODUCTS: MAJOR PRODUCT OFFERINGS

TABLE 16 ARLA FOODS AMBA: MAJOR PRODUCT OFFERINGS

TABLE 17 BEST WAY INGREDIENTS: MAJOR PRODUCT OFFERINGS

TABLE 18 BEST HEALTH FOODS: MAJOR PRODUCT OFFERINGS

TABLE 19 BRIGHT LIFE CARE: MAJOR PRODUCT OFFERINGS

TABLE 20 CAPSA: MAJOR PRODUCT OFFERINGS

TABLE 21 CREDITON DAIRY: MAJOR PRODUCT OFFERINGS

TABLE 22 DAIRY FARMERS OF AMERICA: MAJOR PRODUCT OFFERINGS

TABLE 23 EHRMANN: MAJOR PRODUCT OFFERINGS

TABLE 24 F&N DAIRIES: MAJOR PRODUCT OFFERINGS

TABLE 25 FRIESLANDCAMPINA: MAJOR PRODUCT OFFERINGS

TABLE 26 FONTERRA: MAJOR PRODUCT OFFERINGS

TABLE 27 GLANBIA: MAJOR PRODUCT OFFERINGS

TABLE 28 GCMMF: MAJOR PRODUCT OFFERINGS

TABLE 29 HERITAGE FOODS: MAJOR PRODUCT OFFERINGS

TABLE 30 INGREDIA: MAJOR PRODUCT OFFERINGS

TABLE 31 LAND O’ LAKES: MAJOR PRODUCT OFFERINGS

TABLE 32 LYCOTEC: MAJOR PRODUCT OFFERINGS

TABLE 33 MEGMILK SNOW BRAND: MAJOR PRODUCT OFFERINGS

TABLE 34 MILLIGANS FOOD GROUP: MAJOR PRODUCT OFFERINGS

TABLE 35 MOTHER DAIRY FRUIT & VEGETABLE: MAJOR PRODUCT OFFERINGS

TABLE 36 PARAG MILK FOODS: MAJOR PRODUCT OFFERINGS

TABLE 37 SADAFCO: MAJOR PRODUCT OFFERINGS

TABLE 38 SLEEPWELL: MAJOR PRODUCT OFFERINGS

TABLE 39 STOLLE MILK BIOLOGICS: MAJOR PRODUCT OFFERINGS

TABLE 40 SYNLAIT: MAJOR PRODUCT OFFERINGS

TABLE 41 TIRLÁN: MAJOR PRODUCT OFFERINGS

TABLE 42 TESCO: MAJOR PRODUCT OFFERINGS

TABLE 43 VINDIJA D.D.: MAJOR PRODUCT OFFERINGS

TABLE 44 VALFOO: MAJOR PRODUCT OFFERINGS

TABLE 45 VINAMILK: MAJOR PRODUCT OFFERINGS

TABLE 46 GLOBAL FUNCTIONAL MILK MARKET BY GEOGRAPHY 2022–2028 ($ BILLION)

TABLE 47 GLOBAL FUNCTIONAL MILK MARKET BY GEOGRAPHY 2022–2028 (%)

TABLE 48 GLOBAL FUNCTIONAL MILK MARKET BY FORM 2022–2028 ($ BILLION)

TABLE 49 GLOBAL FUNCTIONAL MILK MARKET BY FORM 2022–2028 (%)

TABLE 50 GLOBAL FUNCTIONAL MILK MARKET BY AGE GROUP 2022–2028 ($ BILLION)

TABLE 51 GLOBAL FUNCTIONAL MILK MARKET BY AGE GROUP 2022–2028 (%)

TABLE 52 GLOBAL FUNCTIONAL MILK MARKET BY APPLICATION 2022–2028 ($ BILLION)

TABLE 53 GLOBAL FUNCTIONAL MILK MARKET BY APPLICATION 2022–2028 (%)

TABLE 54 GLOBAL FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2022–2028 ($ BILLION)

TABLE 55 GLOBAL FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2022–2028 (%)

TABLE 56 APAC FUNCTIONAL MILK MARKET BY FORM 2022–2028 ($ BILLION)

TABLE 57 APAC FUNCTIONAL MILK MARKET BY FORM 2022–2028 (%)

TABLE 58 APAC FUNCTIONAL MILK MARKET BY AGE GROUP 2022–2028 ($ BILLION)

TABLE 59 APAC FUNCTIONAL MILK MARKET BY AGE GROUP 2022–2028 (%)

TABLE 60 APAC FUNCTIONAL MILK MARKET BY APPLICATION 2022–2028 ($ BILLION)

TABLE 61 APAC FUNCTIONAL MILK MARKET BY APPLICATION 2022–2028 (%)

TABLE 62 APAC FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2022–2028 ($ BILLION)

TABLE 63 APAC FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2022–2028 (%)

TABLE 64 NORTH AMERICA FUNCTIONAL MILK MARKET BY FORM 2022–2028 ($ BILLION)

TABLE 65 NORTH AMERICA FUNCTIONAL MILK MARKET BY FORM 2022–2028 (%)

TABLE 66 NORTH AMERICA FUNCTIONAL MILK MARKET BY AGE GROUP 2022–2028 ($ BILLION)

TABLE 67 NORTH AMERICA FUNCTIONAL MILK MARKET BY AGE GROUP 2022–2028 (%)

TABLE 68 NORTH AMERICA FUNCTIONAL MILK MARKET BY APPLICATION 2022–2028 ($ BILLION)

TABLE 69 NORTH AMERICA FUNCTIONAL MILK MARKET BY APPLICATION 2022–2028 (%)

TABLE 70 NORTH AMERICA FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2022–2028 ($ BILLION)

TABLE 71 NORTH AMERICA FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2022–2028 (%)

TABLE 72 EUROPE FUNCTIONAL MILK MARKET BY FORM 2022–2028 ($ BILLION)

TABLE 73 EUROPE FUNCTIONAL MILK MARKET BY FORM 2022–2028 (%)

TABLE 74 EUROPE FUNCTIONAL MILK MARKET BY AGE GROUP 2022–2028 ($ BILLION)

TABLE 75 EUROPE FUNCTIONAL MILK MARKET BY AGE GROUP 2022–2028 (%)

TABLE 76 EUROPE FUNCTIONAL MILK MARKET BY APPLICATION 2022–2028 ($ BILLION)

TABLE 77 EUROPE FUNCTIONAL MILK MARKET BY APPLICATION 2022–2028 (%)

TABLE 78 EUROPE FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2022–2028 ($ BILLION)

TABLE 79 EUROPE FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2022–2028 (%)

TABLE 80 LATIN AMERICA FUNCTIONAL MILK MARKET BY FORM 2022–2028 ($ BILLION)

TABLE 81 LATIN AMERICA FUNCTIONAL MILK MARKET BY FORM 2022–2028 (%)

TABLE 82 LATIN AMERICA FUNCTIONAL MILK MARKET BY AGE GROUP 2022–2028 ($ BILLION)

TABLE 83 LATIN AMERICA FUNCTIONAL MILK MARKET BY AGE GROUP 2022–2028 (%)

TABLE 84 LATIN AMERICA FUNCTIONAL MILK MARKET BY APPLICATION 2022–2028 ($ BILLION)

TABLE 85 LATIN AMERICA FUNCTIONAL MILK MARKET BY APPLICATION 2022–2028 (%)

TABLE 86 LATIN AMERICA FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2022–2028 ($ BILLION)

TABLE 87 LATIN AMERICA FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2022–2028 (%)

TABLE 88 MIDDLE EAST & AFRICA FUNCTIONAL MILK MARKET BY FORM 2022–2028 ($ BILLION)

TABLE 89 MIDDLE EAST & AFRICA FUNCTIONAL MILK MARKET BY FORM 2022–2028 (%)

TABLE 90 MIDDLE EAST & AFRICA FUNCTIONAL MILK MARKET BY AGE GROUP 2022–2028 ($ BILLION)

TABLE 91 MIDDLE EAST & AFRICA FUNCTIONAL MILK MARKET BY AGE GROUP 2022–2028 (%)

TABLE 92 MIDDLE EAST & AFRICA FUNCTIONAL MILK MARKET BY APPLICATION 2022–2028 ($ BILLION)

TABLE 93 MIDDLE EAST & AFRICA FUNCTIONAL MILK MARKET BY APPLICATION 2022–2028 (%)

TABLE 94 MIDDLE EAST & AFRICA FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2022–2028 ($ BILLION)

TABLE 95 MIDDLE EAST & AFRICA FUNCTIONAL MILK MARKET BY DISTRIBUTION CHANNEL 2022–2028 (%)

Select a license type that suits your business needs

single-user Single User Licence
$4200.00
  • Report accessible by one user only
  • Free 10% or 3 days of customization
  • Free post-sale service assistance
  • Continuous support through email
Best Value Tag
5-user 5 User Licence
$4999.00
  • Report accessible by 5 users within the organization
  • Free 15% or 4.5 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
corporate.png Corporate Licence
$5999.00
  • Free Datasheet worth $1500
  • Report accessible by the entire organization
  • Free 20% or 6 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Direct access to lead analysts
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
datasheet.png Datasheet Licence
$2000.00
  • Report accessible by 1 user only
  • Free 15% or 32 hours of customization
  • Free post-sale service assistance
  • Direct access to lead analysts

Our Clients

Licence Types What are these?

Interested in data center portfolio for this report?
Click here

Our Clients Speak

erick

"The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow."

Erik Young
CEO, Co-founder
Audink Inc., DBA Audios
SPEAK WITH OUR ANALYST

Want to know more about the report or any specific requirement?

Click to Email +1-312-235-2040

Want to Customize the Report?

Click Here

Why Arizton?

  • 100% Customer Satisfaction
  • 24x7 availability – we are always there when you need us
  • 200+ Fortune 500 Companies trust Arizton's report
  • 80% of our reports are exclusive and first in the industry
  • 100% more data and analysis
  • 1000+ reports published till date