Overview and Scope
Concentrated milk is defined as a dairy product that has a longer shelf life as the milk is obtained by removing moisture. It contains minerals and vitamins same as milk.
Sizing and Forecast
The concentrated milk fat market size has grown rapidly in recent years. It will grow from $4.79 billion in 2024 to $5.31 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to dairy industry demand, food processing and baking, confectionery and chocolates, flavor enhancement, international trade and export.
The concentrated milk fat market size is expected to see rapid growth in the next few years. It will grow to $8.04 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to health-conscious alternatives, customized fat blends, clean label and natural ingredients, plant-based alternatives. Major trends in the forecast period include bakery and confectionery innovations, plant-based alternatives, sustainable sourcing and production, global trade and export, customization for foodservice.
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Segmentation & Regional Insights
The concentrated milk fat market covered in this report is segmented –
1) By Product: Organic, Conventional
2) By Application: Bakery And Confectionery, Dairy Products, Nutraceuticals, Other Applications
3) By Distribution Channel: Online Store, Offline Store
Top 5 Major Players:
- Darigold Inc.,
- Grassland Dairy Products Inc.,
- Lactalis Ingredients,
- FrieslandCampina Professional NV,
- California Dairies Inc
North America was the largest region in the concentrated milk fat market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the concentrated milk fat market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The strong growth of the dairy industry is contributing significantly to the growth of the concentrated milk fat market going forward. The dairy industry comprises the production of milk on dairy farms and the processing of milk and milk products at dairy plants. Concentrated milk fat is extensively used in the dairy industry to manufacture cheese, ice cream, and dairy creams, thereby fueling the market’s growth. For instance, according to an article published in Business Standard, an Indian daily edition newspaper, the Indian dairy industry will grow by 9–11% during 2021–22. Also, according to Invest India, an India-based investment promotion and facilitation agency, the dairy industry in India is expected to reach $355 billion by 2025. Therefore, the strong growth of the dairy industry is driving the concentrated milk fat market growth.
Key Industry Players
Major companies operating in the concentrated milk fat market include Darigold Inc., Grassland Dairy Products Inc., Lactalis Ingredients, FrieslandCampina Professional NV, California Dairies Inc., Fonterra Co-operative Group, Hoogwegt US Inc., FIT Company, JLS Foods Inc., G&R Foods Inc., Fista Group, CP Ingredients Ltd., Provilac Dairy Farms Private Limited, DANA Dairy Group Ltd., Keynote Dairy Corp. Ltd., Anand Milk Union Limited, Koninklijke FrieslandCampina N.V., Pine River Dairy Inc., MCT Dairies Inc., Prolac Pvt. Ltd., Galloway Company, Agropur Cooperative, Dairy Farmers of America, Glanbia plc, Arla Foods amba, Royal FrieslandCampina N.V., Euroserum SAS, Milk Specialties Global Co., Westland Co-Operative Dairy Company Ltd., Murray Goulburn Co-operative Co. Limited, Tatura Milk Industries Ltd., Synlait Milk Limited, Tatua Co-operative Dairy Company Limited, Meggle AG, Batory Foods Inc., Carbery Group Ltd., Milkfat Products Company, Uelzena eG, Milkio Foods Limited
The concentrated milk fat market report table of contents includes:
1. Executive Summary
2. Concentrated Milk Fat Market Characteristics
3. Concentrated Milk Fat Market Trends And Strategies
4. Concentrated Milk Fat Market – Macro Economic Scenario
5. Global Concentrated Milk Fat Market Size and Growth
….
31. Global Concentrated Milk Fat Market Competitive Benchmarking
32. Global Concentrated Milk Fat Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Concentrated Milk Fat Market
34. Concentrated Milk Fat Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Concentrated Milk Fat Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Concentrated Milk Fat Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Concentrated Milk Fat Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Darigold Inc. Financial Performance
Table 75: Grassland Dairy Products Inc. Financial Performance
Table 76: Lactalis Ingredients Financial Performance
Table 77: FrieslandCampina Professional NV Financial Performance
Table 78: California Dairies Inc. Financial Performance
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