Global Concentrated Milk Fat Market is expected to reach USD 9.24 Bn by the end of the forecast period 2021-2027

The Global Concentrated Milk Fat Market was estimated at USD 3.97 Bn in 2020 and is expected to grow with a CAGR of 12.8% during the forecast period.

The concentrated milk fat market is majorly growing owing to the rapidly expanding dairy industry across the globe. Many dairy industry stakeholders are increasing their investments in expanding production capabilities that are expected to result in increasing the production of several dairy products, including concentrated milk fat. For instance, in September 2021, Olam Food Ingredients (OFI), a global leader in naturally good food and beverage ingredients and solutions headquartered in California, U.S. announced its plan to develop a new dairy processing facility in the North Island town of Tokoroa, New Zealand. The new facility is expected to expand a range of high-value ingredient products that are manufactured at the facility, targeting key customer applications in the bakery, dessert, confectionery, and beverage categories. Concentrated milk fat products have wide application in a range of dairy products such as cream, cheese, yogurt, ice cream, and many more. Therefore, an expansion in the dairy industry is projected to positively drive the concentrated milk market.

Moreover, concentrated milk fat helps in preventing several life-threatening diseases such as cancer, atherogenic, diabetics, and long-term affecting health issues like obesity. This is due to the presence of conjugated linoleic acid, which is intentionally increased by manufacturers by the alteration in cow’s diet. According to a report published by National Center for Biotechnology Information milk fat consists of a range of anticarcinogenic components that includes conjugated linoleic acid, butyric acid, ether lipids, and sphingomyelin. Conjugated linoleic acid helps in inhibiting the proliferation of human colorectal, malignant melanoma, lung, and breast cancer cell lines. Thereby, growing awareness regarding these properties of concentrated milk fat products, the market is expected to experience high growth trends in the coming years.  

Global Concentrated Milk Fat Market by Region Outlook (Revenue, USD Million, 2021-2027)

  • Europe
  • North America
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Based on region, the Asia-Pacific region is growing with the fastest CAGR in the concentrated milk fat market and is projected to exhibit high growth during the forecast period. The concentrated milk fat market is growing in this region due to India, which is the largest milk producer in the world. Additionally, increasing per capita intake of dairy items, growing middle-class population, rising demand for shelf-stable milk, highest import value, rising disposable income are also prominent factors driving the growth in the concentrated milk fat industry. Further, favorable government support for expanding the dairy industry by several countries in the region is augmenting concentrated milk fat market growth in the region. For instance, in June 2020, the Government of India in partnership with the Department of Animal Husbandry and Dairying announced an investment of $2.1 Bn for infrastructure development fund with an interest subsidy scheme for promoting investment by MSMEs and private players in dairy, animal feed and meat processing plants. Such favorable support by the government is expected to drive the demand in the concentrated milk fat market in these regions.

Global Concentrated Milk Fat Industry Segmentation:

Global Concentrated Milk Fat Market by Application Outlook (Revenue, USD Million, 2021-2027)

  • Dairy Products
  • Nutraceuticals
  • Bakery & Confectionery
  • Infant Formula
  • Others

Global Concentrated Milk Fat Market by Product Outlook (Revenue, USD Million, 2021-2027)

  • Organic
  • Conventional

Key Findings:

  • Based on the product, the organic product type is projected to grow with the fastest CaGR in the Concentrated Milk Fat industry
  • Based on application, the bakery & confectionery segment led the concentrated milk fat market across the globe and is expected to show similar trends in the forecast period
  • Based on region, North America has dominated the concentrated milk fat industry in 2020 and is expected to show similar growth in coming years
  • Based on region, the Asia-Pacific region is growing with the fastest CAGR and is expected to exhibit high growth in the concentrated milk fat market during the forecast period

Company Profiles and Competitive Intelligence

The key market players in the concentrated milk fat industry are:

  • Lactalis Ingredients
  • Darigold, Inc.
  • Campina Original
  • Grassland Dairy
  • California Dairies, Inc.
  • Fonterra
  • FIT
  • G&R Foods Inc.
  • Hoogwegt U.S
  • Pine River Dairy
  • JLS Foods
  • MCT Dairies
  • Fista Group
  • Prolac
  • CP Ingredients
  • FrieslandCampina N.V.
  • Keynote Dairy Corp. Ltd.
  • Dana Dairy Group
  • Dairy Farmers of America
  • Fonterra
  • Saputo
  • Hilmar Cheese Company
  • Lactalis
  • Westland Milk Products
  • Synlait Milk Limited
  • Meadow Foods
  • FrieslandCampina

Recent News:

  • In May 2021, Nestlé, a Swiss multinational food and drink processing conglomerate corporation headquartered in Switzerland has announced an investment of $220 million for constructing a dairy plant in Central Java, Indonesia. The company’s investment is expected to offer a business opportunity for the community for the dairy sector in the region.
  • In December 2021, Amul, an Indian dairy cooperative society, announce to set up a new plant in Telangana involving an investment of 500 crores. This is expected to be Amul’s largest plant in south India that will have a capacity for processing 5 lakh liters per day of milk that could be expanded to 10 lakh liters per day. This capacity will be utilized in manufacturing packed milk and other dairy products such as yogurt, paneer, sweets, curd, lassi, buttermilk, etc.

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