Functional Milk Market to Worth $36.63 Billion by 2028 - Exhaustive Research Report by Arizton

The global functional milk market was valued at USD 25.22 billion in 2022 and is expected to reach USD 36.63 billion by 2028, growing at a CAGR of 6.42% during 2022-2028, according to the new research report by Arizton Advisory & Intelligence. Increased demand for personalized nutrition, availability of fortified milk powders for adults, and fortified milk for beauty & skin health are the major trends in the market.

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The 14-19 age group 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 of 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.

China and India experienced an increase in functional milk demand. 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.

FORTIFIED MILK FOR BEAUTY & SKIN HEALTH
Oral supplementation of micronutrients to prevent aging gained traction and popularity with the rise in the aging population. Skin aging combines biological and extrinsic aging caused primarily by sunlight and other environmental toxins. The global aging population and increased skincare lifestyles are expected to create a huge demand for functional milk.

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Lycotec offers a range of functional prebiotic milk based on a proprietary incorporation process of LycoBiotic, a patented new class of prebiotic molecules, into dairy lipid droplets. The clinical validation of LycoBiotic demonstrated its ability to stimulate the probiotic bacteria population in the human colon, which can slow down the aging process. This anti-aging effect of LycoBiotic is synergistically boosted by incorporating Lycotec's proprietary extract of coffee beans, which, together with energy-stimulating caffeine, has a high concentration of sirtuin (SIRT)-stimulating anti-aging polyphenols. The company seeks investments and partnerships to transfer already developed LycoBiotic food and beverage prototypes to its industrial production and to bring new functional products to the market, to improve not only gut, liver, and skeletal muscle health but also rejuvenate skin.

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KEY COMPANY PROFILES
• Nestlé
• Danone
• Lactalis International
• Abbott
• Aroma Milk Products
• 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
MARKET SEGMENTATION
Form
• Powder
• Liquid
Age Group
• 14-19
• 20-64
• 1-13
• 65 & Above
Application
• Immunity & Disease Management
• Weight Management
• Clinical Nutrition
• Others
Distribution Channel
• Hypermarkets
• Convenience Stores
• Online
• Grocery Stores
• Specialty Stores
• Institutional Sales
Geography
• APAC
o China
o Japan
o South Korea
o Australia
o India
o Thailand
o Indonesia
o Philippines
o Malaysia
o Vietnam
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Spain
o Italy
o Russia
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East & Africa
o Turkey
o Saudi Africa
o Saudi Arabia

TABLE OF CONTENT
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
24.3 LACTALIS INTERNATIONAL
24.4 ABBOTT
25 OTHER PROMINENT VENDORS
25.1 AROMA MILK PRODUCTS
25.1.1 BUSINESS OVERVIEW
25.1.2 PRODUCT OFFERINGS
25.2 ARLA FOODS AMBA
25.3 BEST WAY INGREDIENTS
25.4 BEST HEALTH FOODS
25.5 BRIGHT LIFE CARE
25.6 CAPSA
25.7 CREDITON DAIRY
25.8 DAIRY FARMERS OF AMERICA
25.9 EHRMANN
25.9.1 BUSINESS OVERVIEW
25.9.2 PRODUCT OFFERINGS
25.10 F&N DAIRIES
25.11 FRIESLANDCAMPINA
25.12 FONTERRA
25.13 GLANBIA
25.14 GCMMF
25.15 HERITAGE FOODS
25.16 INGREDIA
25.17 LAND O' LAKES
25.18 LYCOTEC
25.19 MEGMILK SNOW BRAND
25.20 MILLIGANS FOOD GROUP
25.21 MOTHER DAIRY FRUIT & VEGETABLE
25.22 PARAG MILK FOODS
25.23 SADAFCO
25.24 SLEEPWELL
25.25 STOLLE MILK BIOLOGICS
25.26 SYNLAIT
25.27 TIRLÁN
25.28 TESCO
25.29 VINDIJA D.D.
25.30 VALFOO
25.31 VINAMILK
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

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