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Fat Filled Milk Powder Market

Fat Filled Milk Powder Market

Fat Filled Milk Powder Market

Fat Filled Milk Powder Market by By Product Type (Fat Filled Milk Powder 26%, Instant Fat Filled Milk Powder 26%), By Distribution Channel (Convenience Stores, Department Stores) & Region - Forecast 2022 - 2032

Fat Filled Milk Powder - Overview

[350 Pages Report] Fat filled milk powder is gaining recognition largely in recent years and has a growing demand especially in developing countries. In 2022, fat filled milk powder market is valued at US$ 4.9 Bn. The market is likely to grow at a CAGR of 5.8% CAGR through 2032 with the projection value of US$ 8.5 Bn.

Fat Filled Milk Powder Market Size Value in 2022

USD ~4.9 Bn

Fat Filled Milk Powder Market Forecast Value in 2032

USD ~8.5 Mn

Global Growth Rate (2022 to 2032)

~5.8% CAGR

Forecast Period

2022-2032

Europe and North America are the largest market for food fat filled milk powder market and collectively hold 40% of the global share.

Supermarket and hypermarket remain the largest sales channel, reaching US$ 3.7 Bn by 2032. Online sales are set to grow at the fastest CAGR during the forecast period.

Fat filled milk powder is a substitute to whole milk powder, and contains vegetable oil as a dairy alternative fat. It is available in the market with different specifications - variation in fat and protein content. Fat filled milk powder 28% is the preferable choice in end-use industries. Fat filled milk powder is used in various end-use applications such as dairy products, bakery products, confectionary, and ice cream, besides others.

In recent years, fat filled milk powder as a dairy ingredient has gained high traction in the market, as it is supplied at a competitive price. Fat filled milk powder contains vegetable oils such as coconut oil and palm oil that are rich in fatty acids and are responsible for improved product quality.

Competitive Price of Fat Filled Milk Powder Favours Adoption for Multiple Food Processing Applications

As consumption trends have been changing, the demand for vitamin-enriched affordable dairy-based ingredients has increased. Fat filled milk powder is considered as a suitable alternative to creamy powder, which is expected to fuel the demand for affordable dairy ingredients.

The demand for fat filled milk powder containing proteins, minerals, and vitamins to be used in dairy and bakery products is increasing. Another evolving trend in the market is the utilization of fat filled milk powder in popular dairy products such as yogurt, moving away from full cream milk powder, which typically draws the attention of the expanding health-conscious consumer base worldwide.

Dairy Products & Ice Cream to Account for Most of Consumption Volume in Fat Filled Milk Powder Market

As an alternative to whole milk powder, fat filled milk powder provides a cost-effective solution without any impact on overall quality. Fat filled milk powder is used in different end-use industries to maintain the quality of the product and also ensure affordability. Increase in demand for bakery and confectionery products containing protein and vitamin is estimated to increase the consumption of fat filled milk powder.

Moreover, a rising tendency of consumers to spend on innovative, healthful dairy, bakery, and ice cream products is also fueling the demand for fat filled milk powder. Manufacturers have been promptly investing in the market and are focusing on developing high-protein nutritional products that appeal to a wide consumer base.

Fat Filled Milk Powder Manufacturers Facing Multiple Challenges

The preference for fat filled milk powder has increased in the food and beverage industry. However, there are some restraining factors that are expected to hamper the growth of the market in the coming years. Stringent government regulations related to food ingredients in various regions have restricted the use of harmful ingredients in bakery and dairy products, which further obfuscates the regulatory framework and thereby, the usage of fat filled milk powder.

Developing countries are highly dependent on the imports of dairy ingredients. Thus, taxation and trade duties on fat filled milk powder adversely impact the growth of the market. Furthermore, the price variation of fat filled milk powder in different countries has been impeding trade during the last few years. The diversion of increasing volumes of milk into fat filled milk powder manufacturing has compelled global dairy brands to search for new avenues for milk powder, taking into consideration public intervention and private storage.

Online Sales to Gain High Traction in Fat Filled Milk Powder Market

By distribution channel, the supermarkets and hypermarkets segment is expected to be prominent in the global fat filled milk powder market. In terms of value, supermarkets and hypermarkets are anticipated to account for ~US$ 3,701.5 Mn by the end of 2032. With growing consumer preference towards online shopping, sales from retail stores have been witnessing a slight fall in the last few years.

Growth of Ecommerce has been particularly witnessing sales of food and beverage products that have an additional cost-effectiveness over others. This trend is further estimated to create a positive growth outlook for the online sales of fat filled milk powder in the coming years.

Scope of the Report

Attribute           

Details

Market Size Value in 2022

USD ~4.9 Bn

Market Forecast Value in 2032

USD ~8.5 n

Global Growth Rate

~5.8% CAGR

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

MT for Volume and USD Bn for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA

Key Countries Covered

United States, Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, BENELUX,  Russia, Nordic, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Australia New Zealand, GCC countries, North Africa, South Africa.

Key Market Segments Covered

Product Type, End Use, Distribution Channel, Region

Key Companies Profiled

  • Arla Foods
  • Alpen Food Group
  • NZMP (Fonterra Ltd.)
  • Dana Dairy
  • Vreugdenhil
  • Armor Proteines
  • MP Biomedicals LLC
  • BONILAIT PROTEINES
  • Polindus
  • Holland Dairy Foods
  • Hoogwegt International
  • Belgomilk
  • Revala Ltd
  • TATURA (Bega Cheese Ltd.)
  • Olam International Inc.
  • Foodexo
  • Lactalis Group
  • United Dairy
  • Dale Farm Ltd
  • Lakeland Diaries
  • Penta Manufacturing Company

Pricing

Available upon Request

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Global Fat Filled Milk Powder Market: Segmentation

By Product Type:

  • Fat Filled Milk Powder 26%
  • Instant Fat Filled Milk Powder 26%
  • Fat Filled Milk Powder 28%
  • Instant Fat Filled Milk Powder 28%

By Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Department Stores
  • Specialty Stores
  • Online

By End Use:

  • Dairy Products
  • Bakery Products
  • Confectionaries
  • Ice Cream
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Key Questions Answered in the Report

What is the growth rate of the Fat Filled Milk Powder Market?

The Fat Filled Milk Powder market is growing at a CAGR of 5.8%.
The forecasted market size is expected to be USD 8.5 Billion for the forecasted year 2022-2032.
The major industry drivers are the demand for dairy products, ice-cream and bakery products.
Key strategies used by Fat Filled Milk Powder Market participants are product launches, mergers and acquisitions, joint ventures, and R&D activities.
North America, East Asia, Europe, Oceania and South Asia are the major regions in the industry.
Europe region consumes the highest amount of Fat Filled Milk Powder which is nearly 24%.
The most common product type of Fat Filled Milk Powder are Fat Filled Milk Powder 28%, Instant Fat Filled Milk Powder 28% and Fat Filled Milk Powder 26%.
The market’s major application segment includes bakery products, bakery products, ice-cream and confectioneries.
Some of the key market players in the Fat Filled Milk Powder Market are Arla Foods, Alpen Food Group, NZMP, Dana Dairy, Vreugdenhil, Armor Proteines, BONILAIT PROTEINES, Polindus, Holland Dairy Foods and Hoogwegt International.

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