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The global market of concentrated milk fat is witnessing robust growth primarily due to the rising demand for concentrated milk ingredients that require minimal preservation and have a longer shelf life. Concentrated milk fats or anhydrous milk fats are obtained by a physical process that removes almost all water content and non-fat solids from milk. The less moisture content in the concentrated milk fats, it can be stored at room temperature for several months, resulting in long shelf life, bulk storage, and easier transportation, thus reducing the overall cost. The rapid growth of the market is also driven by the rising utilization of the product to enhance flavor and texture in a wide range of applications.
Concentrated milk fats are extensively used in the bakery industry for the manufacturing of cakes, pastries and other bakery desserts. They are also used in the production of range of chocolates and milk candies. The rising application of milk fats in the dairy industry to manufacture ice creams, cheese, and dairy creams is fuelling the growth of the market across the globe. The rising trend of organic products due to their safer and healthier counterparts is driving the demand for organic milk fat concentrates. The development of innovative products such as whipped milk fat concentrate for easy incorporation and high melting point milk fat concentrate to resist high-pressure conditions are boosting the 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. The rising demand for shelf-stable milk ingredients is primarily driving the growth of the global concentrated milk fat market. In recent years, the industrial utilization of concentrated milk ingredients has significantly increased owing to their long shelf life, easier transportation, and minimal processing requirements. The increasing utilization of concentrated milk fat in wide range of food products such as bakery, confectionery, dairy, and infant formula is fuelling the growth of the market.
Key Market Driver -
Rising Demand for Shelf-stable Milk Ingredients
Key Market Restraint -
Rising Trend of Fat-free Dairy Products
The growing awareness of adverse health effects of excessive consumption of fats from dairy products is acting as a key restraint for the growth of the market. There is an emerging trend across the globe to consume fat-free or low-fat food products to prevent health conditions such as obesity, diabetes, and cardiovascular diseases. The increasing demand for low-fat dairy products is hampering the growth of the concentrated milk fat market. Furthermore, the rising popularity of plant-based dairy alternatives such as almond milk, soy milk, and other non-dairy products is impeding market growth.
The key players operating in the global concentrated milk fat market are, Lactalis Ingredients, Fista Group, CP Ingredients, Prolac, FrieslandCampina N.V., Darigold, Inc., Grassland Dairy Products, Fonterra Ltd., Dana Dairy Group, and Keynote Dairy Corp. Ltd.
The global concentrated milk fat market is segmented by type, application and geography. Conventional milk fat concentrates are expected to maintain steady growth owing to the large consumer base. However, organic milk fat concentrates are anticipated to exhibit promising growth due to the rising demand for organic food products. The emerging trend of healthy and sustainable products in developed markets of North America and Europe is driving the sales of organic milk fat concentrates. Innovations and new product developments such as low cholesterol and fortified concentrated milk fats are expected to boost the growth of the market.
The increasing utilization of concentrated milk fat in bakery products is driving the growth of the segment. Bakery desserts such as cakes, pastries, and doughnuts have already gained popularity among kids and millennials. The growth of the bakery industry across the globe is expected to positively impact the growth of the market. Furthermore, the rising demand for milk fat from the confectionery and dairy industry is expected to fuel market growth.
North America is expected to witness 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 demand for milk fat concentrates in the region. Concentrated milk fat enables processors to lower the preservation cost while increasing the shelf life of the product. Continuously rising demand for reconstituted milk products in foodservice industry is fuelling the growth of the market in North American region.
According to The Agriculture and Horticulture Department Board (AHDB), UK, Europe is one of the key producers of concentrated milk ingredients in the world. Europe is anticipated to witness promising growth attributed to the increasing export of concentrated milk ingredients to other regions. The emerging trend of better-for-you dairy products is fuelling the 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.
In recent years, the demand for concentrated milk fat has increased drastically as there have been improvements in the economic conditions of the developing markets of Asia Pacific. The region is expected to exhibit substantial growth owing to the strong demand for shelf-stable milk fat from the food processing industry to reduce the preservation cost. The key companies are partnering with established players to expand the business capabilities in the region. For example, 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.
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