Global Concentrated Milk Fat Market Size, Trends, and Growth Opportunity, By Product Type (Organic, Conventional), By Application (Bakery & Confectionery, Dairy Products, Nutraceuticals, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2027.
Report ID : IR1001920 | Industries : Food and Beverage | Published On :June 2024 | Page Count : 234
Global Concentrated Milk Fat Market Size, Trends, and Growth Opportunity, By Product Type (Organic, Conventional), By Application (Bakery & Confectionery, Dairy Products, Nutraceuticals, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2027.
Global Concentrated Milk Fat Market
The global Concentrated Milk Fat market was valued at USD 4.66 billion in 2021 and is expected to expand to USD 8.00 billion in 2027 at a CAGR of 7.38% during the forecast period 2022- 2027.
Butterfat or milk fat is known as Concentrated milk fat. Concentrated milk fat has a good flavor, higher consistency, and smooth texture compared to ordinary milk and is used to make various delicacies and lessen costs by replacing butter or milk.
Market Drivers
Some of the key factors for the growth of the market are longer shelf life than cream and milk and reduces costs of providers. It is used extensively in the food and beverages industry because Concentrated milk fat has a longer shelf life.
Moreover, the growing consumption of chocolates, ice creams, and certain kinds of oils also boosts market growth as concentrated milk fats have broadly been used in these products.
Market Restraints
In concentrated milk fat saturated fats are present that might cause diabetes, obesity, and some cardiovascular diseases if it is consumed in big quantities. This factor hinders market growth.
The development of alternative fat-free food products is also another major restraining factor for the growth of the market.
Market Segmentation
The global Concentrated Milk Fat market is segmented based on Product Type, Application, and region. On the basis of Product Type, it is segmented into Organic, Conventional. Based on Application, it is segmented into Bakery & Confectionery, Dairy Products, Nutraceuticals, and Others. Based on region, it is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Regional Analysis
Based on region Asia Pacific is anticipated to dominate the market owing to the demand for concentrated milk fat is high in this region because of the highest import value in countries like India and China. Additionally, a substantial increase has been observed in per capita consumption of dairy products.
North America is also expected to witness significant growth because of the increasing demand for several dairy dessert products in this region containing bakery desserts, ice creams, and others.
Key Players
Various key players are listed in this report such as California Dairies, Inc, Campina Original, Darigold, Inc., G&R Foods Inc., Grassland Dairy, Hoogwegt U.S., JLS Foods International, Lactalis Ingredients, Pine River Dairy, Lactalis Ingredients.
Key Developments
In March 2021, Darigold, a US-based company that manufactures dairy and agricultural products, partnered with Girl Scout councils. This partnership aimed to expand the existing relationship between Darigold and Girl Scouts to raise funds specifically for financial assistance for Girl Scouts.
In July 2019, Keynote Dairy Corporation introduced concentrated milk fat for the food service channel in Southeast Asia, which is the company's key market.
In June 2020, Truebell, a UAE-based fast-moving consumer goods firm, reported a 300% increase in demand for long-shelf-life products. Therefore, rising demand for long-shelf-life products will promote the growth of the concentrated milk fat market.
Market Taxonomy
By Product Type
o Organic
o Conventional
By Application
o Bakery & Confectionery
o Dairy Products
o Nutraceuticals
o Other
By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East and Africa
Key Question Addressed by the Report
· What are the Key Opportunities in the Global Concentrated Milk Fat Market?
· What will be the growth rate from 2022 to 2027?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
Global Concentrated Milk Fat Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Feedstock Types
3 Executive Summary
4 Global Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Concentrated Milk Fat Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Concentrated Milk Fat Market Share Analysis, By Product Type
5.3 Global Concentrated Milk Fat Market Size and Forecast, By Product Type
5.3.1 Organic
5.3.2 Conventional
6 Global Concentrated Milk Fat Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Concentrated Milk Fat Market Share Analysis, By Application
6.3 Global Concentrated Milk Fat Market Size and Forecast, By Application
6.3.1 Bakery & Confectionery
6.3.2 Dairy Products
6.3.3 Nutraceuticals
6.3.4 Other
7 Global Concentrated Milk Fat Market, By Region
7.1 Global Concentrated Milk Fat Market Share Analysis, By Region
7.2 Global Concentrated Milk Fat Market Share Analysis, By Region
7.3 Global Concentrated Milk Fat Market Size and Forecast, By Region
8 North America Concentrated Milk Fat Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Concentrated Milk Fat Market Share Analysis, By Product Type
8.3 North America Concentrated Milk Fat Market Size and Forecast, By Application
8.4 North America Concentrated Milk Fat Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Concentrated Milk Fat Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Concentrated Milk Fat Market Share Analysis, By Product Type
9.3 Europe Concentrated Milk Fat Market Size and Forecast, By Application
9.4 Europe Concentrated Milk Fat Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Concentrated Milk Fat Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Concentrated Milk Fat Market Share Analysis, By Product Type
10.3 Asia Pacific Concentrated Milk Fat Market Size and Forecast, By Application
10.4 Asia Pacific Concentrated Milk Fat Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Concentrated Milk Fat Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Concentrated Milk Fat Market Share Analysis, By Product Type
11.3 Latin America Concentrated Milk Fat Market Size and Forecast, By Application
11.4 Latin America Concentrated Milk Fat Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Concentrated Milk Fat Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Concentrated Milk Fat Market Share Analysis, By Product Type
12.3 Middle East Concentrated Milk Fat Market Size and Forecast, By Application
12.4 Middle East Concentrated Milk Fat Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 California Dairies, Inc
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Campina Original
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Darigold, Inc.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Grassland Dairy
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 G&R Foods Inc.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Hoogwegt U.S.
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 JLS Foods International
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Lactalis Ingredients
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Pine River Dairy
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Lactalis Ingredients
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies