According to Future Market Insights research, the global concentrated milk fat market is expected to grow at a CAGR of 9.3% during the projected period. The concentrated milk fat market value is projected to increase to US$ 7.8 Bn by 2032.
Demand for concentrated milk fat is expected to rise due to several factors, including the growing need for shelf-stable milk ingredients, the demand for concentrated milk fat in the food and beverage industry, technological advancements, rising disposable income, the rapid development of application industries, rising health concerns, ease of transportation and storage, strict government rules and regulations, rising investments, and the trend toward organic products.
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The adoption of concentrated milk fat to enhance baked goods’ flavor, consistency, and texture has led to a rapidly expanding market for this product. These advantages are useful in boosting product quality and decreasing final costs.
Due to their extremely low moisture content, these fats can be kept at room temperature for months, allowing for more time in between uses and more time in bulk storage and shipping, which all contribute to lower costs. These benefits are leading to the development of the concentrated milk fat market.
Considering the growing health consciousness of the buying public, including organic components is a big plus. The product’s high quantities of omega-3 fatty acids, vitamins, and antioxidants make it useful for warding off cardiovascular and dermatological issues. Growth in demand for concentrated milk fat is anticipated to be deterred by the saturated fats included in concentrated milk fat, which have been linked to an increased risk of diabetes, obesity, and cardiovascular disease.
The rise of lactose sensitivity among customers and the widespread shutdown of the food service business due to the COVID-19 pandemic are two issues that are slowing the growth of the concentrated milk fat market.
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Key Takeaways from the Concentrated Milk Fat Market Study:
- By 2032, the concentrated milk fat market is anticipated to reach a size of US$ 7.8 Bn.
- Although liquid concentrated milk fat sales are higher, demand for their dry equivalents is anticipated to stay high.
- The global concentrated milk fat market is forecasted to surpass US$ 7.8 Bn by the end of 2032.
- Demand for concentrated milk fat is high in Asia because of the region’s large import value in nations like India and China.
Competitive Landscape
Many companies are allocating resources toward organic growth strategies like product launches, product approvals, and other things like patents and events. Despite this, the concentrated milk fat industry showed signs of inorganic expansion, such as several acquisitions, partnerships, and collaborations.
These developments have allowed players in the concentrated milk fat market to expand their customer base and revenue. Prospects for businesses operating in the concentrated milk fat market look promising due to rising global demand.
Darigold, Inc., Lactalis Ingredients, Campina Original, Fonterra, FIT, Hoogwegt U.S., California Dairies, Inc., Grassland Dairy, G&R Foods Inc., Pine River Dairy, MCT Dairies, and JLS Foods are only a few of the main producers of dairy ingredients that compete in the concentrated milk fat market.
Keynote Dairy Corporation, with its primary market in Southeast Asia, introduced concentrated milk fat for the foodservice channel in that region in the month of July 2019.
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FMI, in its new offering, provides an unbiased analysis of Organic Beef Market presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for Organic Beef based on Nature (Conventional, Organic) by Application (Soups & Sauces, Bakery & Confectionery, Dairy Products, Others) by Form (Liquid, Dry) by Distribution Channel (Direct Sales/ B2B, Indirect Sales/ B2C), by Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa )
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Explore FMI’s Other Extensive Reports of Food & Beverage:
Milk Fat Fractions Market Share : The increasing demand for dairy-based products is boosting the growth of milk fat fractions market. As it has wider application in the production of confectionery as well as dairy products.
Non Fat Dry Milk Market Size : Global non-fat dry milk market is expected to grow at a CAGR of 3.1%. The market value is projected to increase from US$ 7.8 Bn in 2022 to US$ 10.7 Bn by 2032.
Flavored Milk Market Growth : Overall sales of flavored milk are projected to grow at a robust CAGR of 6.4% between 2022 and 2032, totalling around US$ 6,119.3 Million by the end of 2032.
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