Global Milk Fat Concentrate Market Overview:
Milk fat gives aroma and flavour in various food products. It has a unique characteristic of mouth feel and melting profile. Milk fat has physical properties which provides structure to chocolates and perceived richness in soups and sauces. It prevents blooming in chocolates, cookies, and pastries. Also, milk fat contributes to aeration in cakes and frostings and tenderness of flake in bakery products. Further, more than 120 flavour compounds have been identified in butter alone.
As per latest study released by AMA Research, the Global Milk Fat Concentrate market is expected to see growth rate of 20.3%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Health Consciousness Among People
Market Growth Drivers:
Wide Range of Applications of Milk Fat Concentrates and Increasing Consumption of Milk-Based Products
Challenges:
Stiff Competition among the Major Players
Restraints:
Health Problems of Consumed in Large Quantity
Opportunities:
Increasing Disposable Income
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Darigold, Inc. (United States), Lactalis Ingredients (France), California Dairies, Inc. (United States), Grassland Dairy (United States), Fonterra (New Zealand), FIT (United States), Hoogwegt U.S. (United States), G&R Foods Inc. (United States) and Pine River Dairy (United States). Additionally, following companies can also be profiled that are part of our coverage like MCT Dairies (United States) and JLS Foods (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Milk Fat Concentrate market by 2030. Considering Market by Nature, the sub-segment i.e. Organic will boost the Milk Fat Concentrate market. Considering Market by Form, the sub-segment i.e. Liquid will boost the Milk Fat Concentrate market. Considering Market by Distribution channel, the sub-segment i.e. Direct sales will boost the Milk Fat Concentrate market.
Latest Market Insights:
In 2020,Kerry Group aciquire the Canadian company, Bio-K Plus International Inc. Bio-K Plus specializes in probiotic products and the acquisition will help Kerry Group expand its offerings in the probiotic market.
In 2020, Arla Foods amba launched a new line of concentrated milk fat products under its Lurpak brand. The products are marketed as a healthier alternative to traditional butter and are made from natural ingredients.
What Can be Explored with the Milk Fat Concentrate Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Milk Fat Concentrate Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Milk Fat Concentrate
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Milk Fat Concentrate market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Milk Fat Concentrate market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Raw material suppliers, Government associations, Research organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.