Global Concentrated Milk Fat Market size is expected to reach nearly US$ 7.32 Bn by 2027 with the CAGR of 2.2% during the forecast period.Global Concentrated Milk Fat Market Overview:
The global concentrated milk fat market is valued at 6.12 Billion by 2020. The global concentrated milk market is expected to reach US$ 7.32 Billion by 2027 at the CAGR (compound annual growth rate) of 2.2 % in the given forecast period, which is of 2021-2027. Concentrated milk fat is known as butterfat or milk fat. Compared with ordinary milk, concentrated milk fat has a better flavour, higher consistency and smooth texture. It is used to make many delicacies and reduce costs by replacing butter or milk. The use of concentrated milk fat in chocolate and ice cream are well known.To know about the Research Methodology :- Request Free Sample Report The market is forecasted from 2021 to 2027 using 2019 as a base year. The market size for 2020 is based on actual figures and outputs from key companies and big players around the world. Previous five-year trends are considered while forecasting the market until 2026. 2020 is a year of exception, with the impact of lockdown broken out by area.
Global Concentrated Milk Fat Market Dynamics:
The market for concentrated milk fat is a fast-growing product which used to improve the flavour, consistency, and texture of baked products. These benefits help improve quality and help reduce the overall cost of the final product. These fats have very low moisture content and can be stored at room temperature for several months, thereby extending the shelf life and bulk storage and transportation, thus reducing overall costs. For example, Grassland Dairy Products Inc. provides concentrated whipped cream in 25 kg and 14 kg containers. As consumers are increasingly concerned about health, organic ingredients in products are very helpful. The product contains high levels of omega 3 fatty acids, vitamins and antioxidants, which help prevent heart and skin diseases. The saturated fats included in concentrated milk fat, which may cause diabetes, obesity, and other cardiovascular problems if taken in significant numbers, are expected to stymie market expansion. Health concerns, on the other hand, can be completely prevented by using them in moderation. The restraints factors, which hamper the concentrated milk fat market are the rise of lactose intolerance among consumers and increased mass closure of the food service industry due to the COVID-19 pandemic.Global Concentrated Milk Fat Market Segment Analysis:
The Global Concentrated Milk Fat Market is segmented into by Product, application, and distribution channel respectively. On the basis of product, the global concentrated milk fat market is sub-segmented into Organic, and Conventional. The conventional product segment has held more than 88 % share of the total industry in 2019. The demand for the conventional product is increasing owing to its properties like antimicrobial, anti-cancer, anti-fungal, anti-viral. Conventional products are helping for increasing immunity power and improve guts health. In addition, the product's ability to prevent intestinal health problems may help maintain the growth of this segment in the next few years. Due to all this demand of conventional product market is increasing. Over the forecast period, organic product is expected to grow at a CAGR of 14.08 %. The benefits of organic products, such as a lower risk of eczema, a higher vitamin concentration that works as an antioxidant, and a healthy level of essential fatty acids, are driving the demand for organic products.On the basis of application, the global concentrated milk fat market is sub-segmented into Bakery & Confectionery, Dairy Products, Nutraceuticals, and Others. The bakery & confectionery segment has held more than 45 % share of the total industry in 2019. The demand for the bakery and confectionery segment is increasing due to the easy availability of products, low cost, variety of flavors and texture benefits, changing lifestyle and increasing demand for fast food. Due to all these reasons, the demand for the bakery & confectionery segment is increasing rapidly. The dairy product is the second dominant segment with a CAGR of 11.2% during the forecasting period 2021-2027. The growing demand for dairy products in countries such as the United States, China, and India is propelling this industry forward. Butter demand is growing at a quick rate of roughly 7.2 percent in the United States, and it is predicted to continue to expand during the forecast period.
On the basis of distribution channels, the concentrated milk fat market is sub-segmented into the online store and offline store. The online channel segment has held the greatest share of the global market in 2019. Because of increased internet penetration, changing lifestyles, quick availability of a product, and increased use of smartphones, the online channel is one of the best platforms for all consumers. Because everyone is busy with their own lives, they don't have enough time for shopping and buy products. Instead, customers can place orders for things online, due to this consumer is saving both time and money.
Global Concentrated Milk Fat Market Regional Insights:
In 2019, Asia Pacific had the greatest market share of more than 35%. Due to the largest import value in countries like India and China, the demand for concentrated milk fat is significant in this region. Furthermore, in the last five years, there has been a huge increase in the per capita consumption of dairy products. Milk fat consumption per capita in China increased by almost 25 times to 31 kg in 2018. The region is anticipated to maintain its market share, making it a prime location for manufacturers looking to grow their business. Increased demand for dairy products is being driven by rising health awareness and the growing middle-class population in the country, resulting in higher growth of the concentrated milk fat market.Recent development:
• In July 2019, Keynote Dairy Corporation introduced concentrated milk fat for the foodservice channel in Southeast Asia, which is the company's key market. The objective of the report is to present a comprehensive analysis of the global Concentrated Milk Fat market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global concentrated milk fat market dynamics, structure by analyzing the market segments and project the global Concentrated Milk Fat market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global concentrated milk fat market make the report investor’s guide.Global Concentrated Milk Fat Market Scope: Inquire before buying
Global Concentrated Milk Fat Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Holland, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, New Zealand, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Global Concentrated Milk Fat Market Key Players
• California Dairies, Inc • Campina Original • Darigold, Inc. • G&R Foods Inc. • Grassland Dairy • Hoogwegt U.S. • JLS Foods International • Lactalis Ingredients • Pine River Dairy • Lactalis Ingredients • Fista Group • CP Ingredients • Prolac, • FrieslandCampina N.V. • Fonterra Ltd., • Dana Dairy Group • Keynote Dairy Corp. Ltd.Frequently Asked Questions:
1. Which region has the largest share in the Global Concentrated Milk Fat Market? Ans: Asia Pacific holds the highest share in 2019. 2. What is the growth rate of the Global Concentrated Milk Fat Market? Ans: The Concentrated Milk Fat Market is growing at a CAGR of 2.2 % during the forecasting period 2019-2027. 3. What segments are covered in the Global Concentrated Milk Fat Market? Ans: Global Concentrated Milk Fat Market is segmented into Product, Application, Distribution channel and Region. 4. Who are the key players in the Global Concentrated Milk Fat Market? Ans: The important key players in the Concentrated Milk Fat Market are California Dairies, Inc, Campina Original, Darigold, Inc., G&R Foods Inc., Grassland Dairy, Hoogwegt U.S., JLS Foods International, Lactalis Ingredients, Pine River Dairy, Lactalis Ingredients, Fista Group, CP Ingredients, Prolac, FrieslandCampina N.V., Fonterra Ltd., Dana Dairy Group, Keynote Dairy Corp. Ltd. 5. What is the study period of this market? Ans: The Global Concentrated Milk Fat Market is studied from 2019 to 2027.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Concentrated Milk Fat Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Concentrated Milk Fat Market 3.4. Geographical Snapshot of the Concentrated Milk Fat Market, By Manufacturer share 4. Global Concentrated Milk Fat Market Overview, 2019-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Concentrated Milk Fat Market 5. Supply Side and Demand Side Indicators 6. Global Concentrated Milk Fat Market Analysis and Forecast, 2019-2027 6.1. Global Concentrated Milk Fat Market Size & Y-o-Y Growth Analysis. 7. Global Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 7.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 7.1.1. Organic 7.1.2. Conventional 7.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 7.2.1. Bakery & Confectionery 7.2.2. Dairy Products 7.2.3. Nutraceuticals 7.2.4. Others 7.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 7.3.1. Online Store 7.3.2. Offline Store 8. Global Concentrated Milk Fat Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 9.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 9.1.1. Organic 9.1.2. Conventional 9.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 9.2.1. Bakery & Confectionery 9.2.2. Dairy Products 9.2.3. Nutraceuticals 9.2.4. Others 9.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 9.3.1. Online Store 9.3.2. Offline Store 10. North America Concentrated Milk Fat Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 11.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 11.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 11.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 12. Canada Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 12.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 12.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 12.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 13. Mexico Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 13.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 13.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 13.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 14. Europe Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 14.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 14.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 14.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 15. Europe Concentrated Milk Fat Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 16.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 16.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 16.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 17. France Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 17.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 17.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 17.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 18. Germany Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 18.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 18.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 18.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 19. Italy Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 19.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 19.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 19.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 20. Spain Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 20.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 20.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 20.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 21. Sweden Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 21.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 21.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 21.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 22. CIS Countries Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 22.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 22.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 22.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 23. Rest of Europe Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 23.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 23.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 23.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 24. Asia Pacific Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 24.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 24.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 24.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 25. Asia Pacific Concentrated Milk Fat Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 26.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 26.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 26.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 27. India Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 27.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 27.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 27.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 28. Japan Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 28.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 28.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 28.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 29. South Korea Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 29.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 29.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 29.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 30. Australia Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 30.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 30.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 30.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 31. ASEAN Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 31.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 31.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 31.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 32. Rest of Asia Pacific Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 32.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 32.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 32.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 33. Middle East Africa Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 33.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 33.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 33.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 34. Middle East Africa Concentrated Milk Fat Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 35.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 35.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 35.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 36. GCC Countries Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 36.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 36.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 36.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 37. Egypt Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 37.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 37.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 37.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 38. Nigeria Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 38.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 38.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 38.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 39. Rest of ME&A Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 39.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 39.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 39.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 40. South America Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 40.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 40.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 40.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 41. South America Concentrated Milk Fat Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 42.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 42.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 42.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 43. Argentina Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 43.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 43.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 43.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 44. Rest of South America Concentrated Milk Fat Market Analysis and Forecasts, 2019-2027 44.1. Market Size (Value) Estimates & Forecast By Product, 2019-2027 44.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 44.3. Market Size (Value) Estimates & Forecast By Distribution channel, 2019-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Concentrated Milk Fat Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. California Dairies, Inc 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Campina Original 45.3.3. Darigold, Inc. 45.3.4. G&R Foods Inc. 45.3.5. Grassland Dairy 45.3.6. Hoogwegt U.S. 45.3.7. JLS Foods International 45.3.8. Lactalis Ingredients 45.3.9. Pine River Dairy 45.3.10. Lactalis Ingredients 45.3.11. Fista Group 45.3.12. CP Ingredients 45.3.13. Prolac, 45.3.14. FrieslandCampina N.V. 45.3.15. Fonterra Ltd., 45.3.16. Dana Dairy Group 45.3.17. Keynote Dairy Corp. Ltd. 46. Primary Key Insights