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Concentrated Milk Fat Market Size - By Type (Butter Oil, Cream), By Application (Bakery & Confectionery, Dairy Products, Infant Formula), By End-use (Confectionery, Dairy, Foodservice), Distribution Channel, Fat content & Global Forecast, 2023 – 2032

  • Report ID: GMI6464
  • Published Date: Aug 2023
  • Report Format: PDF

Concentrated Milk Fat Market Size

Concentrated Milk Fat Market size was valued at USD 3.9 billion in 2022 and is poised to witness more than 6% CAGR from 2023 to 2032. Concentrated milk fat is known for its rich and creamy flavor, making it a sought-after ingredient in the food industry.
 

Concentrated Milk Fat Market

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Manufacturers can adjust the fat content to achieve desired characteristics in their products. This flexibility allows for customization in terms of taste, mouthfeel, and appearance. The high fat content in concentrated milk fat can act as a natural preservative, extending the shelf life of products.

Adhering to food safety and labeling regulations can be complex, especially when exporting to different regions with varying requirements. Failure to comply can lead to product recalls, legal issues, and reputational damage. Maintaining consistent product quality is crucial. Any variation in fat content, taste, or texture can lead to customer dissatisfaction and loss of trust. Fluctuations in milk supply, transportation challenges, or disruptions in the supply chain can lead to production delays and affect business operations. Thus, the risks associated with Concentrated milk fat may drive down the acceptance rate, further hampering the concentrated milk fat market growth.
 

COVID-19 Impact

Changes in consumer behaviour, such as increased cooking and baking at home, influenced the demand for various food ingredients, including concentrated milk fat. Demand for bakery and confectionery products, which often use concentrated milk fat, saw fluctuations. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations will shape the market dynamics.
 

Concentrated Milk Fat Market Trends

Consumers are increasingly seeking products with fewer additives and natural ingredients. Manufacturers are responding by offering concentrated milk fat products with cleaner labels and minimal processing. The rise of plant-based diets has led to increased demand for dairy alternatives. In response, some manufacturers are exploring plant-based alternatives to traditional concentrated milk fat products.
 

Concentrated Milk Fat Market Analysis

Global Concentrated Milk Fat Market Size, By Type, 2021 - 2032 (USD Billion)

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The anhydrous milk fat segment exceeded USD 1.4 billion in 2022. AMF's ability to enhance texture, taste, and shelf life makes it a valuable ingredient in baked goods and confectionery products. Moreover, an increasing usage will further accelerate the segmental growth.
 

Concentrated Milk Fat Market Revenue Share (%), By Fat Content, (2022)

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The medium board box segment captured around 46% share of the concentrated milk fat market in 2022 and is predicted to grow at a lucrative pace by 2032. Products with higher fat content provide a rich and creamy texture, enhancing the taste and mouthfeel of dishes. Higher fat content contributes to the lusciousness of chocolates, ice creams, and desserts.
 

The dairy product is likely to showcase about 11.1% CAGR through 2032. Concentrated milk fat improves the texture and mouthfeel of baked goods and confectionery products. Thus, the high-quality services and growing usage of concentrated milk fat at food centres are expected to expedite the concentrated milk fat market growth.
 

The bakery & confectionery segment held significant market share in 2022 and is set to register tremendous growth by 2032. Concentrated milk fat contributes to the desired texture and consistency in various food products, enhancing their overall quality.
 

The direct sales segment accounted dominant market share in 2022 and is anticipated to observe prominent growth by 2032. Direct-to-consumer channels provide access to locally sourced and fresh concentrated milk fat products. Thus, the above-mentioned variables would augment the concentrated milk fat market growth.
 

U.S. Concentrated Milk Fat Market Size, 2021- 2032 (USD Billion)

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U.S. dominated the North American region with market valuation of USD 0.6 billion in 2022 and is forecasted to expand at a lucrative pace from 2023 to 2032. North America's multicultural population drives demand for concentrated milk fat in various ethnic and fusion culinary applications.
 

Concentrated Milk Fat Market Share

Some of the leading companies involved in the concentrated milk fat industry are:

  • FrieslandCampina
  •  Dairy Farmers of America (DFA)
  • Lactalis Ingredients
  •  Fonterra Co-operative Group
  •  Arla Foods Ingredients
  •  Batory Foods
  •  Glenstal Foods
  •  Bunge Loders Croklaan
  •  Kerry Group
  •  Batory Foods
  •  Alpura
  • Saputo Ingredients
  •  Grande Cheese Company
  •  Hoogwegt Group
  • Interfood Group 

These participants focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Concentrated Milk Fat Industry News:

  • In January 2023, California Dairies,Inc. effectively acquired DairyAmerica, as an opportunity to unlock substantial synergies and improve its efficiencies in providing high quality dairy ingredients.
     

This market research report on concentrated milk fat includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Units from 2018 to 2032, for the following segments:

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By Type

  • Anhydrous Milk Fat (AMF)
  • Butter Oil
  • Cream
  • Others

By Fat Content

  • High
  • Medium’
  • Low

By Application

  • Bakery & Confectionery
  • Dairy Products
  • Snacks & Convenience Foods
  • Sauces & Dressings
  • Infant Formula
  • Foodservice & Restaurants
  • Others

By End-use

  • Food & Beverage
  • Bakery
  • Confectionery
  • Dairy
  • Foodservice
  • Infant Nutrition
  • Others

By Distribution Channel

  • Direct Sales
  • Retail Sales
  • Online Retail
  • Foodservice Distribution

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of concentrated milk fat was crossed USD 3.9 billion in 2022 and will reach USD 10.6 billion by 2032, due to increasing usage for enhancing the taste and texture of baked goods, confectionery, and ice creams worldwide.
The anhydrous concentrated milk fat market exceeded USD 1.4 billion in 2022 and will incur significant growth by 2032, impelled by rising popularity to enhance texture, taste, and shelf life.
The medium fat content segment garnered 46% of the concentrated milk fat industry share in 2022 and is expected to grow at lucrative pace by 2032 driven by the rising demand for milk with high fat content in chocolates, ice creams, and desserts.
U.S. concentrated milk fat market size recorded USD 0.6 billion in 2022 and will witness substantial growth through 2032 due to the presence of multicultural population base in the region.

Concentrated Milk Fat Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 21
  • Tables & Figures: 301
  • Countries covered: 20
  • Pages: 250
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