New FMI Report Explores Impact of COVID-19 Outbreak on Concentrated Milk Fat Market
global concentrated milk fat
market was valued to be
US$ 68 Mn. A new Future Market Insights (FMI) study reveals that there is a
rapid increase in the stipulation for concentrated milk fat products in
developed and developing countries, owing to their multiple health benefits.
The presence of conjugated linoleic acid in concentrated mil fat aids is
prevention of chronic health ailments, which remains a key factor driving
market growth.
"To stay ahead of
the curve, the food and beverage industry is widely using concentrated milk fat
in their food products. This growth is majorly driven by rising application of
concentrated milk fat in chocolates, ice-creams, and oils," highlights FMI report.
Key Takeaways on
Concentrated Milk Fat Market
- Sales of dry form of
concentrated milk fat are expected to reap high profits through the
forecast period.
- Demand for liquid concentrated
milk fat is poised to grow steadily through 2029.
- Use of concentrated milk fat in
dairy products application continues to be the major revenue generator for
the market players.
- Application in bakery and
confectionery is expected to grow at a noticeable CAGR through 2029.
- Demand from consumers via
direct sales will remain high over the forecast period. On the other hand,
indirect sales channel will continue to grow moderately.
- Europe will continue to offer
most lucrative opportunities, whereas, APEJ is expected to gather pace.
Key Factors Driving
Concentrated Milk Market Growth
- Concentrated milk fat provides
flavor support, consistency, and better texture to the food product, owing
to this it is witnessing high demand from end-use industries.
- The growth of the market is
attributed to its increasing application in the food and beverage
landscape, majorly due to its ease of storage & transportation and
longer shelf-life.
- Concentrated milk fat is
gaining traction due to its ability to withstand temperature sterilization,
which is boosting its demand in the bakery and confectionery industry.
Key Restraint to
Growth of Concentrated Milk Fat Market
Presence of saturated
fats in the concentrated milk fat is likely to drop the growth of the market.
Increased consumption of saturated fats can cause chronic and cardiovascular
diseases.
Competitive Landscape
of Concentrated Milk Fat Market
The concentrated milk
fat market is still at a nascent stage. Several existing and new companies are
investing in concentrated milk fat products as the market is steadily expanding
and returns are more profitable. Key players in the concentrated milk products
are Grassland Dairy, Fonterra, Campina Original, Pine River Dairy, MCT Dairies,
Darigold, Inc., Hoogwegt U.S., and JLS Foods.
About the Report
This FMI report covers
the ongoing industry trends and an extensive analysis on concentrated milk fat
market growth at global, regional, and country levels. The report offers
compelling insights based on nature (Organic and Conventional), application
(Bakery & Confectionery, Dairy Products, Soups & Sauces, and Others),
form (Dry and Liquid), and across seven key regions (North America, Latin
America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa).
About Future Market
Insights (FMI)
Future Market Insights
(FMI) is a leading provider of market intelligence and consulting services,
serving clients in over 150 countries. FMI is headquartered in London, the global financial capital,
and has delivery centers in the U.S. and India. FMI's latest market research
reports and industry
analysis help businesses navigate challenges and take critical decisions with
confidence and clarity amidst breakneck competition.
Contact:
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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