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Dairy Industry Growth Driving The Concentrated Milk Fat Market: Strategic Insights Driving Concentrated Milk Fat Market Momentum in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Concentrated Milk Fat Market Size By 2025?
In recent years, the market size of concentrated milk fat has seen rapid expansion. It's projected to increase from $5.31 billion in 2024 to $5.84 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 10.1%. The historical growth has been fueled by the demand from the dairy industry, food processing and baking, confectionery and chocolates sectors, flavor enhancement, as well as international trade and export.
How Big Is the Concentrated Milk Fat Market Size Expected to Grow by 2029?
In the forthcoming years, the market size of concentrated milk fat is projected to experience substantial growth, reaching $8.81 billion in 2029 with a compound annual growth rate (CAGR) of 10.8%. This increase during the forecast period can be accredited to several factors such as health-conscious options, tailored fat mixtures, use of clean labels and natural ingredients, as well as plant-based alternatives. Notable market trends to watch for during the prediction period will include innovations in bakery and confectionery sectors, plant-based alternatives, sustainability in sourcing and production methods, global trade and export activities, along with customization for the food service industry.
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Which Key Market Drivers Powering Concentrated Milk Fat Market Expansion and Growth?
The dairy industry's robust expansion is playing a significant part in propelling the concentrated milk fat market. Dairy farms producing milk and dairy plants processing milk and milk products make up the dairy industry. The industry relies heavily on concentrated milk fat for making dairy creams, cheese, and ice cream, which, in turn, stimulates the growth of the market. The Foreign Agricultural Service, an overseas US department of agriculture, noted in November 2023, that milk consumption for industrial use had climbed to 5.847 MMT from the predicted 5.817 MMT in 2023. Moreover, a surge of 28% from 2023, leading to a new high of 445,000 metric tons of cheese production, is forecasted for 2024. Thus, the dairy industry's development is promoting the concentrated milk fat market's advancement.
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Which Fast-Growing Trends Are Poised to Disrupt the Concentrated Milk Fat Market?
The expansion of the food and beverage sector is anticipated to significantly boost the concentrated milk fat market. The sector includes businesses and activities related to the production, distribution, and sale of consumable products and drinks, inclusive of everything from farming and food processing to the running of restaurants and creation of beverages. Concentrated forms of milk like condensed and evaporated ones, are utilized to enhance the flavor and richness of various products, for example desserts and sauces. They play a role in product longevity as well due to a lower moisture content. For example, USA Today reported in August 2023 that the restaurant industry in the U.S. reached $898 billion in sales in 2022, a $166.5 billion increase from 2021 numbers. Thus, the prosperity of the food and beverage sector is fueling the concentrated milk fat market's development.
What Are the Emerging Segments in the Concentrated Milk Fat Market?
The concentrated milk fatmarket 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
Subsegments:
1) By Organic: Organic Butterfat, Organic Cream
2) By Conventional: Conventional Butterfat, Conventional Cream
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Who Are the Global Leaders in the Concentrated Milk Fat Market?
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., 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., 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
Which are the Top Profitable Regional Markets for the Concentrated Milk Fat Industry?
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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