Recently, especially in developing countries, fat-filled milk powder has become quite popular and in high demand. In 2022, the fat-filled milk powder market will be worth US$4.9 billion. By 2032, the market is expected to have grown at a CAGR of 5.8% and be worth US$ 8.5 billion.
Milk powder with fat is an alternative to whole milk powder and contains vegetable oil as an alternative milk powder. It is available on the market in a variety of specifications, fat and protein content variations. 28% milk powder with fat is the preferred choice in the consumer industry. Milk powder with fat is used in a variety of end applications such as dairy products, baked goods, confectionery, and ice cream.
In recent years, milk powder with fat has received a great deal of attention as a dairy ingredient on the market due to its competitive price. Fatty milk powder contains vegetable oils such as coconut oil and palm oil. These vegetable oils are rich in fatty acids and improve product quality.
As consumption trends change, the demand for vitamin-rich, affordable dairy-based ingredients is increasing. Fat-filled milk powder is considered a viable alternative to creamy powders that are expected to stimulate the demand for affordable milk ingredients.
There is an increasing demand for fat-containing milk powder containing proteins, minerals, and vitamins for use in dairy and bakery products. Another new trend in the market is the use of fat-containing milk powder in popular dairy products such as yogurt, away from the growing health-conscious consumer-based attention-grabbing whole milk powder around the world.
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Key Takeaways from Market Study
- Europe and North America are the largest market for food fat filled milk powder market and collectively hold 40% of the global share.
- Supermarket and hypermarkets remain the largest sales channel, reaching US$ 3.7 Bn by 2032.
- Online sales are set to grow at the fastest CAGR during the forecast period.
- Fat filled milk powder provides a cost-effective solution without any impact on overall quality.
- A rising tendency of consumers to spend on innovative, healthful dairy, bakery, and ice cream products is also fueling the demand for fat filled milk powder.
“The fat filled milk powder market is being driven by their taste, aroma, and health benefits. The fat filled milk powder is lately being preferred by end-use consumers. Rising awareness about the product along with increased use in the F&B industry are key factors for market expansion,” says a lead analyst at Future Market Insights.
Who is Winning?
Many CEOs re-checked their company’s portfolios and re-figured their strategy in 2020 and 2021 due to the global upheaval generated by COVID-19. Companies have worked on strategies such as marketing and packaging, adopted labels trends, and taken various steps to promote the product in different markets along with reaching new geographies.
Some of the leading companies offering fat filled milk powder are Arla Foods, Alpen Food Group, NZMP (Fonterra Ltd.), Dana Dairy, Vreugdenhil, Armor Proteins, MP Biomedicals LLC, BONILAIT PROTEINES, Polindus, Holland Dairy Foods, Hoogwegt International, Belgomilk, Revala Ltd, TATURA (Bega Cheese Ltd.), Olam International Inc., Foodexo, Lactalis Group, United Dairy, Dale Farm Ltd, Lakeland Dairies, Penta Manufacturing Company.
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Future Market Insights, in its new offering, provides an unbiased analysis of the fat filled milk powders presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
Global Fat Filled Milk Powder Market: Segmentation
By Product Type:
- Fat Filled Milk Powder 26%
- Instant Fat Filled Milk Powder 26%
- Fat Filled Milk Powder 28%
- Instant Fat Filled Milk Powder 28%
By Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Department Stores
- Specialty Stores
By End Use:
- Dairy Products
- Bakery Products
- Ice Cream
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
Frequently Asked Questions
- What is the growth rate of the Fat Filled Milk Powder Market?
- What is the market’s forecasted outlook for 2022-2032?
- What are the major industry drivers?
- What are the key industry strategies of the global Fat Filled Milk Powder market?
- What are the major regional markets for Fat Filled Milk Powder?
- Which region consumes the highest amount of Fat Filled Milk Powder?
- What are the most common product type of Fat Filled Milk Powder in the market?
- What are the market’s major application segments?
- What are the Key companies operating in the market?
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