Global Concentrated Milk Fat Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Organic, Conventional), By Distribution Channel (Online, Offline), By Application (Bakery Products, Confectionery, Dairy Products, Infant Formula, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032

Industry: Food & Beverages

RELEASE DATE Nov 2023
REPORT ID SI3060
PAGES 200
REPORT FORMAT PathSoft

Global Concentrated Milk Fat Market Insights Forecasts to 2032

  • The Global Concentrated Milk Fat Market Size was valued at USD 3.25 Billion in 2022.
  • The Market Size is growing at a CAGR of 5.83% from 2022 to 2032
  • The Worldwide Concentrated Milk Fat Market Size is expected to reach USD 5.73 Billion by 2032
  • Europe is expected to grow the fastest during the forecast period

 

Global Concentrated Milk Fat Market

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The Global Concentrated Milk Market Size is expected to reach USD 5.73 Billion by 2032, at a CAGR of 5.83% during the forecast period 2022 to 2032.

 

Concentrated milk fat, also known as anhydrous milk fat (AMF), is derived from cow's milk and is widely used in a variety of food and beverage applications. The process of removing water and solids from milk to obtain a higher concentration of milk fat is referred to as concentrated milk fat. This is accomplished through a variety of techniques such as centrifugation, separation, and evaporation.  Because of its rich flavour and texture-enhancing properties, it is a key ingredient in the production of dairy products, chocolates, ice creams, and bakery goods. Consumer approach to selecting healthier products is growing rather than focusing just on functional ingredients, they are emphasising more natural products and avoiding those that contain a high concentration of additives, preservatives, and stabilisers, even if the product advertises that it is low in fat. Concentrated milk fats are becoming increasingly popular because they provide consistent flavour, texture, mouthfeel, structure, and anti-bloom properties. Furthermore, organic ingredients in products are extremely beneficial as consumers become more concerned about their health. The product contains a high concentration of omega-3 fatty acids, vitamins, and antioxidants, which aid in the prevention of heart and skin diseases.

 

Global Concentrated Milk Fat Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD 3.25 Billion
Forecast Period:2022-2032
Forecast Period 2022-2032 CAGR:5.83%
2032 Value Projection:USD 5.73 Billion
Historical Data for:2019-2021
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Product Type, By Distribution Channel, By Application, By Region
Companies Covered: Interfood Holding BV, Nestlé SA, Polmlek Group, Gloria Argentina SA, UGA Group, Royal VIVBuisman, Royal FrieslandCampina N.V., Vitusa Corp, Lactalis Group, Asha Ram & Sons Pvt. Ltd., Eurial Ingredients & Nutrition and Other Key Vendors.
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

Changing dietary patterns, such as the adoption of Western diets and the inclusion of premium and indulgent products, have had a positive impact on the market. The rising popularity of dairy products such as cheese, butter, and cream has increased demand for concentrated milk fat. It is a key ingredient in the production of these products, providing desirable sensory properties and a longer shelf life. In addition, the growing food and beverage industry, driven by changing consumer tastes and urbanization, has increased demand for concentrated milk fat. To meet the diverse demands of consumers, food manufacturers are constantly on the lookout for versatile and high-quality ingredients. Furthermore, manufacturers can explore product innovation opportunities by developing value-added concentrated milk fat products. Flavoured variants, speciality formulations, and customised solutions tailored to meet the specific requirements of various applications are instances of concentrated milk fat.

 

Restraining Factors        

The growing awareness of the negative health effects of excessive consumption of fats from dairy products is a significant impediment to market growth. Consuming fat-free or low-fat food products to prevent health conditions such as obesity, diabetes, and cardiovascular disease is becoming more popular around the world. The growing demand for low-fat dairy products is hampering the expansion of the concentrated milk fat market.

 

Market Segmentation

By Type Insights

 

The conventional segment dominates the market with the largest revenue share over the forecast period.

On the basis of type, the global concentrated milk fat market is segmented into organic, and conventional. Among these, the conventional segment is dominating the market with the largest revenue share over the forecast period. The demand for conventional products is increasing due to their antimicrobial, anti-cancer, anti-fungal, and anti-viral properties. Conventional products aid in increasing immunity and improving gut health. Furthermore, the product's ability to prevent intestinal health issues may contribute to the segment's continued growth in the coming years. As a result of all of this, the demand for conventional products is increasing.

 

By Distribution Channel Insights

The online segment is witnessing significant CAGR growth over the forecast period.

On the basis of distribution channels, the global concentrated milk fat market is segmented into online and offline. Among these, the online segment is witnessing significant growth over the forecast period. Concentrated milk fat is commonly purchased from online retailers. This is due to the ease of access and benefits provided by internet platforms, such as the ability to deliver goods to customers' homes and information about product quality.

 

By Application Insights

The bakery products segment is expected to hold the largest share of the global concentrated milk fat market during the forecast period.

Based on the application, the global concentrated milk fat market is classified into bakery products, confectionery, dairy products, infant formula, and others. Among these, the bakery products segment is expected to hold the largest share of the concentrated milk fat market during the forecast period. Almost all bakery and confectionery products contain concentrated milk-fat products. The bakery and confectionery products maintain their global demand due to the variety of flavours and texture benefits they provide. Furthermore, the use of milk and milk fat products in confectionery items such as chocolates and bars increase demand.

 

Regional Insights

North America dominates the market with the largest market share over the forecast period.

North America

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North America is dominating the market with the largest market share over the forecast period. The region's demand for milk fat concentrates is being driven by rising demand for ice cream, bakery desserts, and other dairy desserts. Concentrated milk fat allows processors to reduce preservation costs while increasing product shelf life. The market in North America is expanding due to rising demand for reconstituted milk products in the food service industry.

 

Europe is expected to grow the fastest during the forecast period. Europe is expected to experience promising growth as a result of increased exports of concentrated milk ingredients to other regions. The growing popularity of healthier dairy products is driving up demand for low-calorie and vitamin-fortified milk fat in the region. The increasing use of concentrated milk fat in infant formula is also driving market growth in the region.

 

List of Key Market Players

  • Interfood Holding BV
  • Nestlé SA
  • Polmlek Group
  • Gloria Argentina SA
  • UGA Group
  • Royal VIVBuisman
  • Royal FrieslandCampina N.V.
  • Vitusa Corp
  • Lactalis Group
  • Asha Ram & Sons Pvt. Ltd.
  • Eurial Ingredients & Nutrition

 

Recent Developments:

  • In January 2023, California Dairies,Inc. effectively bought DairyAmerica as a means of unlocking significant synergies and improving its efficiencies in providing high-quality dairy ingredients.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the global concentrated milk fat market based on the below-mentioned segments:

 

Concentrated Milk Fat Market, Type Analysis

  • Organic
  • Conventional

 

Concentrated Milk Fat Market, Distribution Channel Analysis

  • Online
  • Offline

 

Concentrated Milk Fat Market, Application Analysis

  • Bakery Products
  • Confectionery
  • Dairy Products
  • Infant Formula
  • Others

 

Concentrated Milk Fat Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

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