“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.”
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.
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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.
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Top Key Players of Concentrated Milk Fat Market:-
- Lactalis Ingredients,
- Fista Group,
- CP Ingredients,
- FrieslandCampina N.V.,
- Darigold, Inc.,
- Grassland Dairy Products,
- Fonterra Ltd.,
- Dana Dairy Group,
- and Keynote Dairy Corp. Ltd.
The Global Concentrated Milk Fat Market Report contains Industry revenue, share, and production of the service providers is also mentioned with accurate data. Moreover, the global market report majorly focuses on the current developments, new possibilities, advancements, as well as dormant traps. Furthermore, the market report offers a complete analysis of the current situation and the advancement possibilities of the market across the globe.
This report analyses substantial key components such as production, capacity, revenue, price, gross margin, sales revenue, sales volume, growth rate, consumption, import, export, technological developments, supply, and future growth strategies.
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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 COVID-19: Shutdown of Restaurants & Cafes May Hinder Growth
The outbreak of the COVID-19 pandemic worldwide has taken a toll on the Concentrated Milk Fat Industry. Almost every offline food chain, such as cafeterias and restaurants are shut down completely in various countries. But, online food delivery services are still under operation. In addition to this, companies manufacturing packaged food and beverages are exhibiting a high rate of sales because of their possession of certain beneficial properties. These products have long shelf-lives and hence consumers are stocking up their pantries, fearing the lockdown.
What Does This Report Include?
Our skilled team of analysts has developed a specially curated report to help you in understanding the impact of COVID-19 on this market. The report is developed by conducting in-depth primary and secondary research. It includes analysis of various regions and nations, as well as the current trends that are being followed in these regions. Multiple approaches were taken up by our team to derive the market growth rate and value. Also, it presents enhanced data collected through secondary sources, namely, company websites, journals, business magazines, and press releases. The analysis of each nation is given by studying several macro-economic factors, regional players, consumer behavior, and government policies. Our clients would be able to take positive steps towards regaining business confidence by analyzing the Concentrated Milk Fat market Share, growth drivers, obstacles, challenges, and opportunities.
Key Industry Developments:-
- In July 2018, Keynote Dairy Corporation launched concentrated milk fat for the foodservice channel targeted at its core market of Southeast Asia.
- In September 2016, Dana Dairy Group announced an expansion of its sweetened condensed milk production by introducing whole milk concentrated fat to meet worldwide growing demand.
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Report Analysis and Objectives:-
- Detailed information about drivers, opportunities, and restraints of the Concentrated Milk Fat market analysis.
- To analyse the Concentrated Milk Fat Market concerning growth trends, demand, growth prospects in the entire sector.
- Worldwide Concentrated Milk Fat Industry manufacturing companies, product sales, market share, size, landscape, SWOT analysis and development plans.
- The report evaluates the market share for each application, segment, region and estimates their growth during the forecast period.
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