PUBLISHED DATE : Mar 2023 | Pages : 326
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The Global Functional Milk Market Size, Share, & Trends Analysis Report By
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2023–2028.
326 Pages
95 Tables
182 Charts
5 Regions
24 Countries
35 Companies
5 Market Segment
| 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:
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.
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.
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.
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.
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.
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:
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
Other Prominent Vendors
Segmentation by Form
Segmentation by Age Group
Segmentation by Application
Segmentation by Distribution Channel
Segmentation by Geography
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 (%)
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