As of 2019, the 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.

The latest technology used by several manufacturers has made it easier to produce large quantities of concentrated milk fat in no time. For example- Uelzena, a manufacturer of concentrated milk fat products, provides very special and high quality products using unique fractionalization technologies. The company is known for its customized milk fat products and innovations. It made cream filled candies with taste of nuts offering consumers mouth-watering products.

“As the demand for organic products from consumers is increasing, this will increase the demand for concentrated milk fat as the product offers various health benefits. The market for concentrated milk fat is expected to arise with a good return. Moreover, the increased shelf life and convenient storage is another property that will accelerate its market growth in the forecast period.” says the FMI analyst.

A Host of Disruptions During COVID-19 Pandemic

Despite strong demand for basic and essential foods such as dairy products amid the COVID-19 crisis, the milk supply chain is facing significant disruptions and the impact on the concentrated milk fat market has been evident. Halt in manufacturing and supply chain operations and inability to get produce to the market are compelling dairy farmers to dump their milk.

KEY HIGHLIGHTS

CONCENTRATED MILK FAT MARKET – KEY RESEARCH FINDINGS

• The concentrated milk fat market is set to cross a valuation worth US$ 100 Mn by 2028.
  • COVID-19 is expected to affect the annual growth forecast of 5% in 2020.
• While liquid concentrated milk fat accounts for greater sales, demand for their dry counterparts is expected to remain strong going forward.
• Europe remain in the vanguard with 1/3rd of the global market value
  • Manufacturers are eyeing opportunities in Asia Pacific with India standing as the world’s largest milk producer.
• Strong sales of dairy products continue to influence growth strategies of manufacturers.
  • Rapidly growing application in bakery & confectionery is expected to result in increased market share.

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Key Takeaways from Concentrated Milk Fat Market Study

• High demand from end- use industries owing to its numerous benefits that includes better consistency, flavor support, plasticity, and improved elastic texture.
• Product availability in organic nature has helped the concentrated milk fat market to increase its consumer base to a much larger extend.
• As compared to developing regions, the sales value of the concentrated milk fat market is envisaged to be higher in countries of Europe, Australia, and New Zealand.
• New product development, acquisitions of local players and creating awareness about the welfare and application of concentrated milk fat through marketing activities and programs are some of the key drivers assisting the growth of the market.

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.

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CONCENTRATED MILK FAT MARKET TAXONOMY

The global concentrated milk fat market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Nature

• Organic
• Conventional

Application

• Bakery & Confectionery
• Dairy Products
• Soups & Sauces
• Others

Form

• Dry
• Liquid

Distribution Channel

• Direct Sales/ B2B
• Indirect Sales/ B2C

Region

• North America
• Latin America
• Europe
• APEJ
• Japan
• Middle East & Africa

Read More: https://www.yahoo.com/now/concentrated-milk-fat-sales-concentrated-141500877.html