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Milk Fat Fractions Market Size

Report ID: GMI2486
Published Date: Feb 2023
Report Format: PDF

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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.

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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.

Milk Fat Fractions Market Report Attributes
Report Attribute	Details
Base Year:	2022
Milk Fat Fractions 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:	The growing bakery & confectionery sector generates demand for milk fat fraction The increasing prevalence of dairy allergies and lactose intolerance among consumers
Pitfalls & Challenges:	Lack of awareness among consumers about beneficial properties of milk fat fraction

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of milk fat fractions to cross a valuation of USD 12.9 billion in 2022 and is poised to register 5.5% CAGR from 2023 to 2032, according to GMI report.

Milk fat fractions industry share from the cold spreadable butter segment is predicted to surpass USD 3.3 billion by 2032 owing to the growing product use in breakfast.

European milk fat fractions industry will witness 5.5% growth betw 2023 and 2032 due to rising consumer awareness regarding healthy food ingredients.

Fonterra Cooperative Group, Uelzena Ingredients, FIT Company, Royal VIV Buisman, Wilmar International, and Glanbia Ingredients, are some of the key players business scenario.