Over 2 million tons of fat filled milk powder was consumed globally, by 2018 end. As analyzed by Future Market Insights’ new intelligence report, the consumption volume will increase by 5.1% in 2019. While demand from dairy industry will remain pervasive, FMI envisages a prominent boost to demand growth from bakery, confectionary, and ice cream segments in the near future.
Economic price point compared to whole milk powder and butterfat has been a prominent factor accounting for growing popularity of fat filled milk powder among multiple sectors of the food and beverages industry. Increasing consumer preference for value-added food ingredients is translating into billowing sales of products such as fat filled milk powder. Moreover, favorable trade scenario is extending strong support to progressing sales of fat filled milk powder.
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Dairy Products Register Highest Consumption, Ice Cream Most Lucrative
While dairy products continue to account for more than 30% of the total volume of fat filled milk powder consumed by 2018, ice cream also registers a significant share of around 1/4th of the total sale of fat filled milk powder. FMI opines that bakery and confectionary are emerging as high-potential segments in the years to come, representing a sizeable collective share in the fat filled milk powder market.
The report forecasts a dominant share for fat filled milk powder 28%, followed by fat filled milk powder 26%. Attributed to the highest vegetable fat and protein profile, the former will continue to reign supreme over others in fat filled milk powder market. Variants of instant fat filled milk powder are the relatively low shareholders in fat filled milk powder market. However, instant fat filled milk powder 26% and 28% will gradually gather traction in the years to come – reflecting healthy annual growth rates in 2019 – according to FMI’s analysis.
Europe & North America Capture a Combined Share of over 40%
The largest manufacturers and exporter region of fat filled milk powder, Europe will retain the top ranking consumer market position. The region will collectively account for over 44% share in the total market value, with North America. Whereas, the demand for fat filled milk powder will gain more prominence across South Asian region, according to the report. Sustained popularity of dairy products and a growing trend of consuming dairy beverages with vegetable protein and fat content. Fat filled milk powder manufacturers in South Asian market are likely to encounter untapped windows of opportunities in multiple dairy product categories such as cheese, yogurt, and fresh fermented products. Companies are thus also focusing on expansion of their culture manufacturing capacities.
The report has tracked strategic profiles of some of the leading players operating in fat filled milk powder landscape. Moreover, the report has anticipated a 5.4% volume CAGR for the market during 2018-2028.
Global Fat Filled Milk Powder Market: Segmentation
Analysis by Product Type
- Fat Filled Milk Powder 26%
- Instant Fat Filled Milk Powder 26%
- Fat Filled Milk Powder 28%
- Instant Fat Filled Milk Powder 28%
Analysis by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Department Stores
- Specialty Stores
- Online
Analysis by End Use
- Dairy Products
- Bakery Products
- Confectionaries
- Ice Cream
- Others
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Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Analysis and Recommendations
1.3. Opportunity Matrix
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
4. Key Success Factors
5. Global Fat Filled Milk Powder Market Demand Analysis 2013-2017 and Forecast, 2018-2028
6. Global Fat Filled Milk Powder Market – Pricing Analysis
7. Global Fat Filled Milk Powder Market Demand (Size in US$ Mn) Analysis 2013-2017 and Forecast, 2018-2028
8. Market Background
9. Global Fat Filled Milk Powder Market Analysis 2013-2017 and Forecast 2018-2028, by Product Type