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Fat-filled Milk Powder Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

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Fat-filled Milk Powder Market
1. The global fatfilled milk powder market is forecast to grow at a CAGR of 5.5% during the period 2019-2024.
The global fat-filled milk powder market is forecast to grow at a compound annual growth rate of 5.5 percent during the period 2019-2024. The market is driven by the rising demand for milk powder from the food and beverage industry, as well as the growing popularity of sports nutrition products.

The fat-filled milk powder market is segmented by type into whole milk powder, skimmed milk powder, and others. The market is also segmented by application into food and beverage, sports nutrition, and others.

The food and beverage industry is the largest application segment for fat-filled milk powder, accounting for more than 60 percent of the total market in 2018. This segment is expected to grow at a compound annual growth rate of 5.7 percent during the forecast period. The growing demand for milk powder from the food and beverage industry is driven by the rising demand for dairy products, such as cheese and yogurt, as well as the growing popularity of health and wellness products.

The sports nutrition segment is the second-largest application segment for fat-filled milk powder, accounting for more than 20 percent of the total market in 2018. This segment is expected to grow at a compound annual growth rate of 6.5 percent during the forecast period. The growing popularity of sports nutrition products, such as protein shakes and bars, is driving the demand for fat-filled milk powder in this segment.

The Americas is the largest market for fat-filled milk powder, accounting for more than 40 percent of the total market in 2018. The region is expected to grow at a compound annual growth rate of 5.2 percent during the forecast period. The growing demand for dairy products in the region is the major driver of the market in this region.

The Asia-Pacific region is the second-largest market for fat-filled milk powder, accounting for more than 30 percent of the total market in 2018. The region is expected to grow at a compound annual growth rate of 6.4 percent during the forecast period. The growing demand for milk powder from the food and beverage industry is the major driver of the market in this region.

The Middle East and Africa is the smallest market for fat-filled milk powder

2. The Asia-Pacific region is expected to be the fastest-growing market for fatfilled milk powder during the forecast period.
The AsiaPacific region is expected to be the fastestgrowing market for fatfilled milk powder during the forecast period. The market in this region is driven by the growing demand for infant formula and dairy products, and the increasing disposable incomes and urbanization.

The market in AsiaPacific is expected to grow at the highest CAGR during the forecast period. The market in this region is driven by the growing demand for infant formula and dairy products, and the increasing disposable incomes and urbanization.

The market in Europe is expected to be the second-largest market for fat-filled milk powder during the forecast period. The market in this region is driven by the growing health consciousness among consumers and the need for fortified milk powder.

The market in North America is expected to grow at a moderate rate during the forecast period. The market in this region is driven by the growing demand for dairy products and the increasing health consciousness among consumers.

The market in Latin America is expected to grow at a moderate rate during the forecast period. The market in this region is driven by the growing demand for infant formula and dairy products.

The market in the Middle East & Africa is expected to grow at a moderate rate during the forecast period. The market in this region is driven by the growing demand for dairy products and the increasing health consciousness among consumers.

3. The growing population in the Asia-Pacific region is one of the key factors driving the growth of the fatfilled milk powder market in the region.
The Asia-Pacific region is projected to be the fastest-growing market for fat-filled milk powder during the forecast period. The growing population in the Asia-Pacific region is one of the key factors driving the growth of the fat-filled milk powder market in the region. The increasing disposable incomes of the population and the changing lifestyle are the other factors that are driving the growth of the market in the region.

The Asia-Pacific region is projected to be the fastest-growing market for fat-filled milk powder during the forecast period. The growing population in the Asia-Pacific region is one of the key factors driving the growth of the fat-filled milk powder market in the region. The increasing disposable incomes of the population and the changing lifestyle are the other factors that are driving the growth of the market in the region.

The Asia-Pacific region is projected to be the fastest-growing market for fat-filled milk powder during the forecast period. The growing population in the Asia-Pacific region is one of the key factors driving the growth of the fat-filled milk powder market in the region. The increasing disposable incomes of the population and the changing lifestyle are the other factors that are driving the growth of the market in the region.

The Asia-Pacific region is projected to be the fastest-growing market for fat-filled milk powder during the forecast period. The growing population in the Asia-Pacific region is one of the key factors driving the growth of the fat-filled milk powder market in the region. The increasing disposable incomes of the population and the changing lifestyle are the other factors that are driving the growth of the market in the region.

4. The rising disposable incomes in the Asia-Pacific region is another key
The Asia-Pacific region is expected to see the highest growth in disposable incomes in the coming years, which is good news for the fat-filled milk powder market. This is because as incomes rise, people are able to afford more luxurious items, such as fat-filled milk powder. In addition, the Asia-Pacific region is home to some of the world’s most populous countries, such as China and India, which means that there is a large potential market for fat-filled milk powder products.

Key Players Covered:

The key players operating in the global fat-filled milk powder market are, Vreugdenhil Dairy Foods, Lactalis Ingredients, Fista Group, CP Ingredients, Prolac, FrieslandCampina N.V., Senel & Co., Fonterra Ltd., Deli Dairy FZE, and Alpen Food Group B.V.

The global fat-filled milk powder market is segmented by its protein content, application, and geography. Fat-filled milk powders containing more than 23% protein are expected to witness promising growth. The rising demand for high protein dairy products such as yogurt, curd, and cheese is driving the demand for these fat-filled milk powders. Innovations and new product developments such as vitamins and minerals fortified fat-filled milk powders are expected to boost the growth of the market.

Yogurt and curd produced from fat-filled milk powders are expected to witness robust growth owing to the rising awareness of gut health among consumers. The increasing demand for probiotics across the globe is expected to drive the demand for yogurt and curd. The utilization of fortified fat-filled powders in these high protein milk products is expected to attract more fitness conscious consumer base. Furthermore, the increasing utilization of fat-filled milk powder for various bakery applications such as cake, pastries, and doughnuts is boosting the growth of the market.

Segmentation

 

 ATTRIBUTE

 

  DETAILS
 

By Protein Content

 

 

    • More than 23%
    • Less than 20%
 

By Application

 

 

    • Dairy Beverages
    • Yogurt & Curd
    • Cheese
    • Ice cream
    • Bakery Products
    • Confectionery
    • Others
 

By Geography

 

 

    • North America (U.S., Canada, and Mexico)
    • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)
    • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
    • South America (Brazil, Argentina, and Rest of South America)
    • Middle East & Africa (South Africa, UAE, and Rest of ME&A)
 

By Protein Content

 

 

    • More than 23%
    • Less than 20%
 

By Application

 

 

    • Dairy Beverages
    • Yogurt & Curd
    • Cheese
    • Ice cream
    • Bakery Products
    • Confectionery
    • Others

Vreugdenhil Dairy Foods, Lactalis Ingredients, Fista Group, CP Ingredients, Prolac, FrieslandCampina N.V., Senel & Co., Fonterra Ltd., Deli Dairy FZE, and Alpen Food Group B.V.

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