The global concentrated milk fat market size is expected to
reach USD 5.79 billion by 2025, according to a new report by Grand View
Research, Inc. It is projected to register a CAGR of 10.28% during the forecast
period. An increase in applications of concentrated milk fat in nutraceuticals,
dairy and confectionery, and food and beverage industry is anticipated to fuel
the growth. Longer shelf life of the organic product along with ease of storage
and transportation are anticipated to further drive the growth. Benefits such
as improved vitamin content, enhanced flavors, plasticity, and elastic texture
improve the quality of bakery products and cut the overall product cost giving
advantage to the food service providers.
Asia Pacific held the largest market share owing
to the large consumption of confectionery and bakery products coupled with
import of dairy products in countries like India and China. For instance, in
2016 India’s dairy imports were valued at USD 110 million and in terms of
volume it was measured at 58,595 metric tons. Europe is forecasted to witness
rise in the market share in near future at the highest CAGR of 12.59% from 2019
to 2025. Increase in consumption of dairy products in countries like Germany
and France is driving the demand in Europe region.
The bakery and confectionery segment held the
largest market share of over 40% in 2018 due to wide scope of product
application in bakery products. The application of concentrated milk fat in
dairy products is expected to increase at the fastest CAGR of 11.48% from 2019
to 2025. Consumption of confectionery products such as chocolates and milky
bars is increasing, thereby providing increased growth prospects in the
forecast period. The chocolate confectionery market is expected to rise at a
CAGR of 4.4% over the forecast period.
The key players operating in the concentrated
milk fat market are Darigold, Inc.; Lactalis Ingredients; Campina
Original;California Dairies, Inc.;Grassland Dairy;Fonterra;FIT; Hoogwegt
U.S.;G&R Foods Inc.; Pine River Dairy; MCT Dairies; and JLS Foods. Most
companies engage in competitive strategies such as mergers and acquisitions,
launch of innovating new products, and spreading awareness about the benefits
of concentrated milk fats. For instance, the French dairy company Lactalis
acquired Siggi's Dairy, a U.S. based company involved in production of yogurts.
For Full Research Report On Concentrated Milk Fat Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/concentrated-milk-fat-market
Further key findings from the report suggest:
- In terms
of regional share, Asia Pacific held the largest market share of over 35%
in 2018
- Europe
is expected to expand at a fastest CAGR of 12.59% from 2019 to 2025
- Bakery
and confectionery application segment held the largest market of over 45%
in 2018
- Dairy
products application segment is projected to expand at the fastest CAGR of
11.5% during the forecast period
- Concentrated
milk fat market is led by key players like Darigold, Inc.; Lactalis
Ingredients; Campina Original; California Dairies, Inc.; and Grassland
Dairy among others
Get request sample of this report
here: https://www.grandviewresearch.com/industry-analysis/concentrated-milk-fat-market/request/rs1
Grand
View Research has segmented the global concentrated milk fat market on the basis
of product, application, and region:
Concentrated Milk Fat Product Outlook (Revenue, USD Million, 2015 -
2025)
- Organic
- Conventional
Concentrated Milk Fat Application Outlook (Revenue, USD Million, 2015 -
2025)
- Bakery
& Confectionery
- Dairy
Products
- Nutraceuticals
- Others
Concentrated Milk Fat Regional Outlook (Revenue, USD Million, 2015 -
2025)
- North
America
- U.S.
- Europe
- Germany
- France
- Asia
Pacific
- India
- China
- Central
& South America
- Middle
East & Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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