The Milk Fat Fractions Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Milk Fat Fractions Global Market Report 2024, The milk fat fractions market size has grown strongly in recent years. It will grow from $15.08 billion in 2023 to $16.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to dairy industry growth, consumer preferences for healthy fats, processed food industry demand, confectionery and bakery applications, dairy product innovation, international trade and globalization.
The milk fat fractions market size is expected to see strong growth in the next few years. It will grow to $20.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to growing demand for specialty ingredients, plant-based alternatives, functional dairy products, e-commerce expansion, global expansion of dairy markets. Major trends in the forecast period include clean label and natural ingredients, customization and tailored solutions, dairy product innovation, technological advancements in fractionation, collaborations and partnerships.
Increasing demand for dairy products is expected to propel the growth of the milk-fat fractions market going forward. Dairy products are milk and any meal manufactured from milk, such as butter, cheese, ice cream, yogurt, and condensed and dried milk. Milk fat fractions give texture, flavor, color, three-dimensional structure, and functional behavior to milk products such as butter, cream, cheese, and dairy powders. Hence, the increasing demand for dairy products will increase the demand for milk fat fractions market. For instance, according to Foreign Agriculture Services, a US-based foreign affairs agency with primary responsibility for the United States Department of Agriculture (USDA), in 2022, European Union milk production raised by 0.2% to 150.45 million metric tons as compared to 2021. Further, milk product production such as cheese production to increase to 10.4 MMT, with an increase of 50,000 MT in 2021. Therefore, the rise in demand for dairy products is driving the growth of milk fat fractions market.
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The milk fat fractions market covered in this report is segmented –
1) Milk Fat Fractions Market By Type: Low Melting Fractions, Medium Melting Fractions, High Melting Fractions
2) Milk Fat Fractions Market By Technology: Dry fractionation, Solvent fractionation, Supercritical fluid extraction, Short-path distillation
3) Milk Fat Fractions Market By Form: Texturized, Concentrated, Isolated
4) Milk Fat Fractions Market By Application: Nutritional And Nutraceuticals, Cold Spreadable Butter, Sports Nutrition, Infant Formulas, Confectionery, Bakery, Other Applications
Top Major Players
Fonterra Co-operative Group Limited
Glanbia PLC
Uelzena Milchwerke eGmbH
FIT Company
Oleo-Fats Incorporated
Technological advancements are a key trend gaining popularity in the milk fat fractions market. Major companies operating in the milk-fat fractions market are adopting new technologies to sustain their position in the market. For instance, in November 2021, Arla Foods Amba, a Denmark-based dairy products manufacturer launched a revolutionary technology for milk fractionation using synthetic membranes. This Arla Foods Amba’s patented technology enables optimal separation of milk into defined fractions which leads to the effective use of milk components like milk fat, casein, protein, and serums that enables well-denied milk fractionation for sports nutrition, infant formula, and medical nutrition. The controlled processing of this technology enables a reduction in processing steps and gentle milk processing.
The milk fat fractions market report table of contents includes:
1. Executive Summary
2. Milk Fat Fractions Market Characteristics
3. Milk Fat Fractions Market Trends And Strategies
4. Milk Fat Fractions Market – Macro Economic Scenario
5. Global Milk Fat Fractions Market Size and Growth
……
31. Global Milk Fat Fractions Market Competitive Benchmarking
32. Global Milk Fat Fractions Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Milk Fat Fractions Market
34. Milk Fat Fractions Market Future Outlook and Potential Analysis
35. Appendix
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