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Global Concentrated Milk Fat Market insight
2022-01-04 Comments

The Concentrated Milk Fat is forecast to crazy increase over the next four years. According to the World Knowledge Information (WKI) “Global Concentrated Milk Fat Market insight 2021, Forecast to 2026”. With The growth is driven by increasing application of concentrated milk fat in food and beverage industry. The Concentrated Milk Fat industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 11.5% base on WKI regression analysis model.
Analysts’ Viewpoint
“The focus of concentrated milk fat does not just used in the bakery industry for the manufacturing of cakes.” said Jimmy Joy, Senior analyst, Consumer Goods Market Research Center in WKI. “Industry participants of concentrated milk fat must consider safety, convenience to adapt to the rapid development of the market.”
Market insight:
Concentrated milk fat is the concentrated milk fat, butterfat, or the fatty portion of fatty globules. Concentrated milk fats have better flavor, improved consistency, and smooth texture compared to regular milk. It is used in the preparation of a number of delicacies and is used to cut costs by replacing the uses of butter or milk. The use of concentrated milk fats in chocolates and ice creams is well known. The global dairy industry has been on a tear for years, with ever-increasing number of population and changing lifestyles. Robust advances in dairy processing equipment and technologies have brought numerous products to the marketplace, and concentrated milk fat is no exception. Highly influenced by increased shelf-life, product flexibility, convenience, easy storage, and low-cost transportation aspects, demand for concentrated milk fat continues to move on an upward swing.
Competition Landscape:
Jun 22th, Lactalis Ingredients is launching a new skimmed milk powder (SMP) with a high heat, heat-stable (HHHS) quality. The new product, produced at Lactalis Ingredients’ plant in Ravensburg, Germany, is suitable for condensed milk producers looking for heat-stable SMP for the production of evaporated and sweetened condensed milk, as it is stable at in-can sterilization temperature. The total fat content of concentrated milk fat can vary a lot. To make healthier choices, look at the nutrition information on the label to check the amount of fat, including saturated fat, salt and sugar, in the dairy products you’re choosing. Some of the leading players will include in our report: Darigold, Inc, Lactalis Ingredients, Campina Original, California Dairies, Grassland Dairy, Fonterra, FIT, Hoogwegt U.S, G&R Foods Inc, and others.

Segmentation of Concentrated Milk Fat Market:
By product type, the concentrated milk fat market is segmented into organic and conventional products. Conventional products hold the leading market share of more than 88% in 2018. These products are used on a daily basis and therefore have a large consumer base. Conventional products with concentrated milk fats are expected to maintain their market share over the forecast period.The product is likely to maintain its high market share in the forecast period due to its antimicrobial, anti-cancer, anti-fungal, and anti-viral properties. Moreover, ability of the products to prevent gut health problems, is likely to help maintain the segment growth in the forthcoming years. Organic product is anticipated to register a CAGR of 14.08%, over the forecast period. The market for organic products is driven by the benefits of these products such as reduced risk of eczema, presence of higher vitamin concentration which acts as antioxidant, and healthy level of essential fatty acids among others. Moreover, with rise in inclination of consumers towards a healthy lifestyle, the demand for organic food ingredients is also increasing, thereby driving the demand.
Despite strong demand for basic and essential foods such as dairy products amid the COVID-19 crisis, the milk supply chain is facing significant disruptions and the impact on the concentrated milk fat market has been evident. Halt in manufacturing and supply chain operations and inability to get produce to the market are compelling dairy farmers to dump their milk. This, in turn, will create a hindrance in production and supply of concentrated milk fat in the immediate future. Additionally, growing popularity of dairy alternatives and lactose free dairy products, in the view of mounting animal welfare concerns and rising lactose intolerance, will remain major roadblocks to the market growth.

Concentrated Milk Fat Market: Regional Analysis
Europe remains at the forefront of the global concentrated milk fat market, accounting for 30% of the total revenue. Strong dairy industry and greater access to advanced technologies in the region are significantly contributing to the market growth. Moreover, a significant rise has been observed in per capita consumption of dairy products, in the past five years. In China, per capital consumption of milk fat grew to about 25 times to 31 kg in the year 2017. The region is expected to be a top market for producers to expand their business. The growing health awareness and middle-class population in the country is driving the demand for dairy products, thereby boosting product sales.

CAGR: 11.5%
Largest share area:Europe
Largest share country:Germany