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Milk Fat Fractions Market Size
Milk Fat Fractions Market size surpassed USD 12.9 billion in 2022 and is anticipated to register 5.5% CAGR from 2023 to 2032.
Changing eating patterns of millennials, increasing disposable incomes and preference for fast food products would boost the demand for milk fat fraction in the bakery & confectionery sector. Bakery and confectionery items are in high demand across Europe due to their affordability and easy accessibility. According to studies, most countries in the region witness 50kg of bread consumption per person annually. Expanding bakery & confectionery businesses and the rising prominence of in-store bakeries in supermarkets is projected to have a positive impact on the European milk fat fractions market.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 12.9 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.5% |
| 2032 Value Projection: | USD 22.5 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 324 |
| Tables, Charts & Figures: | 486 |
| Segments covered: | Ingredients, Applications |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Lack of awareness about the benefits of milk fat fraction could hamper industry progress. The multiple uses and advantages of these milk fat fractions make them applicable in several industries, such as bakery, confectionery, and nutraceuticals. However, limited product promotion, advertising and less commercialization could create new challenges for market growth.
Milk Fat Fractions Market Analysis
Milk fat fractions market share from the high-melting fractions segment is expected to cross a valuation of USD 7.8 billion by 2032. Good thermal stability, strong water solubility, and non-carcinogenic properties are some of the key characteristics of galacto-oligosaccharide (GOS) that is used in chocolate products. It improves the texture and flavor of bakery products and is also used in non-alcoholic beverages to enhance flavor without affecting the clarity. Rising demand for prebiotics in the food and beverage sector would further elevate product use by end of 2032.
The market size from the solvent fractionation technology will observe nearly 5% growth during 2023 to 2032. Solvent fractionation is the preferred form of fractionation for anhydrous milk fat. It is one of the most effective ways to separate the components of any compound depending on their solubility insolvents or solvent mixtures. The method is efficient for a group of lipids of interest. Standardization of solvent fractionation techniques for the detection of adulteration in milk products could push sector growth.
Milk fat fractions market from the cold spreadable butter segment is predicted to exceed USD 3.3 billion by 2032. Cold spreadable butter consumption for breakfast is gaining grip in both developed and developing nations. Throughout the COVID-19 pandemic, the demand and supply of cold spreadable butter were reportedly steady. Due to the upliftment of the restrictions, the demand and supply gap is reduced significantly with many companies focusing on new product launches. For instance, in December 2021, Challenge Butter announced the launch of its new spreadable butter with avocado oil. New product developments like these will improve the demand for milk fat fractions in the coming years.
The Europe milk fat fractions market to attain 5.5% gains through 2032 as the demand for products containing milk-fat fractions will grow. Consumer awareness regarding healthy food products has increased throughout the European nations. With the COVID-19 pandemic, the eating habits and food preferences of customers in Europe have shifted drastically to healthy foods. Take for instance, in 2021, the region accounted for USD 58.6 billion of organic food sales, which was nearly a 12% annual growth.
Milk Fat Fractions Market Share
Major companies operating in milk fat fractions business landscape are
- Fonterra Cooperative Group
- Uelzena Ingredients
- FIT Company
- Royal VIV Buisman
- Wilmar International
- Glanbia Ingredients
- Friesland Campina
- Flechard. S.A.
- MCT Dairies
- Oleo Fats
Many product manufacturers are focusing on business acquisitions and mergers to expand their presence.
Impact of the COVID-19 pandemic
The COVID-19 pandemic disrupted the trade cycle and supply chain creating a major gap in the demand many products in the food and beverage sector. Although sectors related to food were not majorly affected, the demand was not being met due to shortage of raw material or other factors. However, with the rising consumer awareness about the benefits of this substance, and the rising availability of these products, the global market is said to grow by 2032.
This market research report on milk fat fractions includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Kilo tons & in terms of revenue in USD million from 2018 to 2032 for the following segments:
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Market, By Ingredient
- Low melting fractions
- Medium melting fractions
- High melting fractions
Market, By Technology
- Dry fractionation
- Solvent fractionation
- Supercritical fluid extraction
- Short-path distillation
Market, By Form
- Solid
- Liquid
Market, By Applications
- Bakery
- Confectionery
- Cold spreadable butter
- Nutritional & nutraceuticals
- Others
The above information is provided on a regional and country basis for the following:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
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