Concentrated Milk Fat Market Value to Surpass US$ 103 Mn in 2028
The global concentrated milk fat market is estimated to be valued at ~US$ 68 Mn in 2019. The concentrated milk fat shakes market is anticipated to grow at a CAGR of ~5% during the forecast period of 2019-2028. The FMI study reveals that the market will grow rapidly during 2019 - 2028. The global marketplace is changing and the manufacturers are expected to understand the need to stock a broad range of concentrated milk fat that are nutritious, healthy, economical, and fulfil the high standards that consumers seek.
Frequently asked questions about global concentrated milk fat market
What is the degree of competition in the concentrated milk fat market?
Established food and drink companies and financial investors are gaining access into the fast growing concentrated milk fat market. Companies are looking to consolidate and expand existing positions to reach new geographies and/ or achieve economies of scale.
Which region will lead the global sales of concentrated milk fat market?
Europe is expected to lead the concentrated milk fat market in forecast period. Ingredient or flavor innovation will be a catalyst further driving concentrated milk fat market in the region. The consumption of bakery products in large amount also supports the growth of the market in this region.
Which concentrated milk fat application is expected to record the highest sales in the near future?
Bakery & confectionery in concentrated milk fat market is expected to be the most attractive application and is anticipated to catch hold of greater consumer base in forecast period. The predominance of bakery and confectionery is backed by the increasing application of concentrated milk fat in food service industry. Concentrated Milk Fat is used for the preparation of dairy products and culinary preparations. It provides numerous benefits including better regularity, flavor support, plasticity, improved elastic texture, and more when used for bakery products.
Which trend will drive the concentrated milk fat market in the coming years?
The increasing demand for natural or organic ingredients in food industry accelerates the growth of concentrated milk fat market. Foodservice providers are inclined toward Concentrated Milk Fat as it offers many advantages which ultimately helps in cost-cutting and obtaining an improved product. The food products in which Concentrated Milk Fat is used as an ingredient include ice cream, chocolates, oils, and more.
Dry Form with Longer Shelf Life Is In More Demand
Dry form of concentrated milk fat is expected to remain as the most preferred form as compared to liquid form. The demand for dry form of concentrated milk fat is expected to increase owing to its property of longer shelf life and convenience in transportation. This segment in the current scenario has attained a market share of ~ 41% that is lesser than liquid segment, but is estimated to grow with a CAGR of ~ 4% during the forecast period.
Increasing Consumption of Bakery and Confectionery in Europe
Europe is anticipated to be the most lucrative region and accounts for highest market share in the concentrated milk fat market. Europe is considered as the major world dairy producer. According to the European Food Research and Technology, about 135 million tons of dairy products are produced annually that are mostly used for internal consumption. It implies that along with major producer in the region, it is also the major consumer of dairy products.
APEJ is expected to take over the European market at a CAGR of ~7%. Australia & New Zealand are among the leading exporters of milk products and can be estimated to be opportunistic for the concentrated milk fat market during the forecast period.
* This data is only a representation. Actual data may vary and will be available in report.
Longer Shelf-life and Ease in Transportation are Two Key Attributes Boosting Sales
The demand for concentrated milk fat is anticipated to grow rapidly over the forecast period, owing to its longer shelf-life with an ease in transportation and storage. There are multiple applications of concentrated milk fat in food and beverage industry which leads in an increase in overall production and sales of the product.
Moreover, organic content in the concentrated milk fat is the main cause for accelerating the growth of the market. As the product contains high amount of omega 3 fatty acids, vitamins, and antioxidants that are helpful for the prevention of heart and skin diseases, opens up new path for the growth of the concentrated milk fat market.
Dairy Products holds leading revenue share
Bakery and confectionery to showcase noteworthy CAGR
Direct sales to see high demand
Demand from consumers in future is anticipated to support indirect sales.
How Growth will Unfold
It is observed that big manufacturers are usually focusing on the acquisition of small firms to accelerate their business in the local market. Manufacturers are also increasing their market presence by launching different products with the usage of concentrated milk fat to increase the products applications, which will reflect in the increased revenue of the company. In short, these manufactures are trying to attract consumers by providing them innovative and high quality products with the usage of organic substances.
Noteworthy investments in the research and development for novel and sturdy products are projected to boost the growth prospects of the concentrated milk fat market.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Concentrated Milk Fat Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2028
A recent market study published by Future Market Insights on the concentrated milk fat market offers global industry analysis for 2014-2018 & opportunity assessment for 2019-2028. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
Concentrated Milk Fat Market Taxonomy
The global concentrated milk fat market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Bakery & Confectionery
- Dairy Products
- Soups & Sauces
- Direct Sales/ B2B
- Indirect Sales/ B2C
- North America
- Latin America
- Middle East & Africa
The executive summary of the concentrated milk fat market includes the market country analysis, demand-side and supply-side trends, opportunity assessment, and recommendations on the global concentrated milk fat market.
Readers can find the detailed segmentation and definition of the concentrated milk fat market in this chapter, which will help them understand basic information about the concentrated milk fat market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the concentrated milk fat market report.
The associated industry assessment of the concentrated milk fat market is carried out in this section. The macroeconomic factors affecting growth of the concentrated milk fat market are provided in this section and the impact of these macroeconomic indicators on the concentrated milk fat market is analyzed. The processing overview and technological advancements in the concentrated milk fat market is also provided.
Profit margins at each level of the concentrated milk fat market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
The drivers and restraints impacting the growth of the concentrated milk fat market are explained in this chapter. Opportunities and ongoing trends in the concentrated milk fat market are also comprehensively discussed.
This chapter includes detailed analysis of the historical concentrated milk fat market (2014-2018), along with an opportunity analysis for the forecast period (2019-2028). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2019-2028). This chapter provides details about the concentrated milk fat market on the basis of different segments. In this chapter, readers can understand market attractive analysis for all segments. This chapter explains how the concentrated milk fat market is anticipated to grow across North America, Latin America, Europe, Asia Pacific Excluding Japan, Japan and the Middle East and Africa.
This chapter includes a detailed analysis of the growth of the concentrated milk fat market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on application and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the concentrated milk fat market in the Latin America region. This chapter also includes growth prospects of the concentrated milk fat market in leading LATAM countries such as Brazil, Mexico, Chile, Argentina, and the Rest of Latin America.
Important growth prospects of the concentrated milk fat market based on its end user in several countries such as Germany, U.K., Russia, France, Italy, and Rest of Europe are included in this chapter.
This chapter includes a detailed analysis of the growth of the concentrated milk fat market in East Asia region including the important growth prospects of the concentrated milk fat in several countries such as China, India, ASEAN, Australia & New Zealand, and Rest of APEJ are included in this chapter.
This chapter offers insights into how the concentrated milk fat market is expected to grow in Japan, along with different segments of the market during the forecast period of 2019–2028.
This chapter offers insights into how the concentrated milk fat market is expected to grow in major countries in the MEA region such as GCC Countries, South Africa, North Africa, and Rest of MEA, during the forecast period 2019-2028.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the concentrated milk fat market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the concentrated milk fat market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Darigold, Inc., Grassland Dairy, Lactalis Ingredients, Pine River Dairy, MCT Dairies, Fonterra, Campina Original, Hoogwegt U.S., G&R Foods Inc., California Dairies, Inc., JLS Foods among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the concentrated milk fat report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the concentrated milk fat market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits