Introduction
Future Market Insights offers a global study of the fat filled milk powder market for the period 2018 to 2028. The global fat filled milk powder market has been valuated at US$ 3,925.9 Mn in 2018 and is expected to register a CAGR of 5.8% through 2028.
Fat filled milk powder is a substitute to whole milk powder, and contains vegetable oil as an 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 Favors 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$ 2,701.5 Mn by the end of 2028. 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.
Global Fat Filled Milk Powder Market: Segmentation
Analysis 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%
Analysis by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Department Stores
- Specialty Stores
- Online
Analysis by End Use
- Dairy Products
- Bakery Products
- Confectionaries
- Ice Cream
- Others
Analysis by Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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