The growing demand for ice-creams and other dairy products can have an excellent impact on the market growth, states Fortune Business Insights, in a report, titled “Concentrated Milk Fat Market Size, Share & Industry Analysis, By Protein Content (Organic, Conventional), By Application (Bakery Products, Confectionery, Dairy Products, Infant Formula, Other Processed Foods) and Regional Forecast, 2020-2027.” The rising demand for shelf-stable milk ingredients is expected to bolster the healthy growth of the market.
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The report on the concentrated milk fat market includes:
- Outstanding insights into the market
- Painstaking scrutiny of the segments
- Recent developments and drivers
- Vital information about key players
- Dominant regions
The Report Lists the Key Players Operating in the Global Concentrated Milk Fat Market:
- Lactalis Ingredients
- Fista Group
- CP Ingredients
- FrieslandCampina N.V.
- Darigold, Inc.
- Grassland Dairy Products
- Fonterra Ltd.
- Dana Dairy Group
- Keynote Dairy Corp. Ltd
Inflated Demand for Organic Products to Aid Expansion
The increasing trend for organic products owing to their safer and healthier equivalents is expected to fuel the demand for organic milk fat concentrates, which, in turn, can aid the expansion of the market. The increasing manufacturing of innovative products such as whipped milk fat concentrate for easy incorporation and high melting point milk fat concentrate to resist high-pressure conditions can further improve the prospects of the market in the forthcoming years. Furthermore, the increasing utilization of concentrated milk ingredients their long shelf life, easier transportation, and minimal processing requirements can promote the growth of the market. Similarly, the high application of concentrated milk fat in a wide range of food products such as bakery, confectionery, dairy, and infant formula is expected to further foster the healthy growth of the market. Concentrated milk fat is exclusively made from milk by the process that eliminates water and non-fat dry matter from the milk. The low water activity in the product increases its shelf life thereby reducing its preservation cost. Also, the growing demand for shelf-stable milk ingredients is likely to stimulate the speedy expansion of the market.
However, the growing awareness about the adverse health effects of excessive consumption of fats from dairy products can hinder the growth of the market during the forecast period. Moreover, the high consumption of fat-free or low-fat food products to prevent health conditions such as obesity, diabetes, and cardiovascular diseases can dampen the growth of the market. Besides, the popularity of plant-based dairy alternatives such as almond milk, soy milk, and other non-dairy products can further dampen the market growth.
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Trend for Better-For-You Dairy Products to Boost Business in North America
North America is expected to experience strong growth owing to the rising demand for milk fat in the processing of dairy products. The rising demand for ice creams, bakery desserts, and other dairy desserts is driving the market in the region. The high demand for reconstituted milk products in the foodservice industry is boosting the growth of the market in North America. Concentrated milk fat enables processors to lower the preservation cost while increasing the shelf life of the products. Europe is expected to account for a significant share owing to the increasing export of concentrated milk ingredients to other regions. According to The Agriculture and Horticulture Department Board (AHDB), UK, Europe is one of the key producers of concentrated milk ingredients in the world. The emerging trend of better-for-you dairy products can spur demand for low-calorie and vitamin-fortified milk fat in the region. The increasing utilization of concentrated milk fat in infant formula is also driving the growth of the market in the region. Asia Pacific is expected to rise tremendously owing to the presence of major companies in the region. The increasing collaborations and agreements between companies can boost the market in the region. For instance, Japanese giant Mitsubishi announced an agreement to partner with Australia-based Tasmanian Dairy Products to expand its dairy manufacturing business in the Japanese market. The new production plant includes the production of whole milk powder and concentrated milk fat.
Read Related News:
July 2018: Keynote Dairy Corporation introduced concentrated milk fat for the foodservice channel targeted at its main market of Southeast Asia.
September 2016: Dana Dairy Group announced that it has expanded its sweetened condensed milk production by introducing whole milk concentrated fat to cater to the growing demand.
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