Milk Fat Fractions Market Share Analysis with Upcoming Trends and Opportunities 2024 | Uelzena eG, FrieslandCampina, Royal VIV Buisman, Wilmar International, MCT Dairies, Inc, FLECHARD SAS, Fonterra
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Potential applications in chocolate fillings, cream fillings, cakes, pastries, butter cookies, desserts, ice cream and confectionery products will propel the milk fat fractions market size. Optimization for specific application due to its defined melting points are key properties stimulating the product penetration. In addition, enhanced flavor, creamy & crusty textures along with easy spread-ability will provide a positive outlook for industry growth.
Milk fat fractions market of late has acquired a remarkable share in the food vertical, given the extensive proliferation of the confectionery & bakery industries. Reports in fact claim that the global milk fat fractions market has been experiencing impressive growth prospects with overall revenue share expected to almost double in coming seven years from the base valuation having stood at USD 8 billion in 2016. Shifting consumer trends toward natural production of healthy unsaturated lipids in fractionized milk fat has been further driving the industry growth. Global Milk Fat Fractions Market witness CAGR over 7% in terms of revenue up to 2024.
Speaking of milk fat fractions gaining considerable traction as vital ingredients in health foods, the mention of butter and Anhydrous milk fat (AMF) products is not to be forgotten. These products have attained significant revenue share for milk fat fractions market. Cultures all over the world have made used of butter and AMF for centuries in traditional food preparation and cooking. For instance, ‘Ghee’ (butter oil) an anhydrous milk fat product, occupies a prominent place in the Indian subcontinent and the Middle East milk fat fractions industry. Increasing consumer preference for ghee or olein butter products, owing to its health benefits such as cholesterol reduction will drive milk fat fractions industry growth.
Shifting focus among dairy companies to expand healthy product portfolio will provide positive outlook for fractionated milk fat market. Abundant raw material availability particularly in Asia Pacific and unified co-operative value chain of dairy industry will support the industry demand. As per FAO, global milk production reached 816 million tonnes in 2016 growing from 803 million tonnes in 2015. Furthermore, growth in retail distribution of dairy & bakery products along with high profit margins will fuel the industry growth. Increasing raw material costs including butterfat & AMF and expensive production costs are among key factors affecting fractionated milk fat price trend. However, lower product commercialization mainly in developing countries due to lack of awareness about product benefits may hamper the industry growth.
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Delving deeper into the application landscape, milk fat fraction market was led by the bakery applications contributing to more than 50% of the industry share in 2016. Changing lifestyles propelling the demand for products such as pastries, croissants, biscuits, cakes, and brownies will favor the expansion of milk fat fractions industry from bakery applications. Estimates claim that the milk fat fractions market size from bakery products will be pegged at more than 700 kilotons by 2024.
Major players of Milk Fat Fractions Market include
• Uelzena eG
• Glanbia Ingredients Ireland
• Royal VIV Buisman
• Wilmar International
• MCT Dairies, Inc
• FLECHARD SAS
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