Home > Food & Beverages > Food Additives > Texturizers and Thickeners > Milk Fat Fractions Market
Milk Fat Fractions Market Size
- Report ID: GMI2486
- Published Date: Feb 2023
- Report Format: PDF
Milk Fat Fractions Market Size
Milk Fat Fractions Market size surpassed USD 12.9 billion in 2022 and is anticipated to register 5.5% CAGR from 2023 to 2032.
Changing eating patterns of millennials, increasing disposable incomes and preference for fast food products would boost the demand for milk fat fraction in the bakery & confectionery sector. Bakery and confectionery items are in high demand across Europe due to their affordability and easy accessibility. According to studies, most countries in the region witness 50kg of bread consumption per person annually. Expanding bakery & confectionery businesses and the rising prominence of in-store bakeries in supermarkets is projected to have a positive impact on the European milk fat fractions market.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Milk Fat Fractions Market Size in 2022: | USD 12.9 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.5% |
| 2032 Value Projection: | USD 22.5 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 324 |
| Tables, Charts & Figures: | 486 |
| Segments covered: | Ingredients, Applications |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Lack of awareness about the benefits of milk fat fraction could hamper industry progress. The multiple uses and advantages of these milk fat fractions make them applicable in several industries, such as bakery, confectionery, and nutraceuticals. However, limited product promotion, advertising and less commercialization could create new challenges for market growth.
Frequently Asked Questions (FAQ) :
Milk Fat Fractions Market Scope
