Global Market Insights, Inc. has launched a report on Milk Fat Fractions Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.
Shifting consumer preference for food products with nutritional benefits coupled with growing awareness regarding ingredient content in food are among major factors driving fractionated milk fat market growth. Rich source of unsaturated lipids along with lactose free properties providing key health benefits have enhanced the product demand.
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Stringent government regulations on fat content in food products along with compliance for healthy butter ingredients will drive the fractionated milk fat market. Technological advancement in production process including supercritical CO2 fractionation technology will support the industry demand. Growth in global dairy industry along with increasing manufacturer focus on concentrated butter products will positively influence the industry demand.
Medium melting fractionated milk fat market is expected to value more than USD 6 billion by 2024. Strong outlook in bakery applications mainly including pastries and butter cookies due to its crusty & flaky texture will propel the product demand. Significant properties including wide range melting points from 15 0C to 30 0C along with technological advancement in crystallization process has enhanced the product scope.
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Expensive processing costs along with increasing raw material costs are major factors influencing product price trend. Lack of product awareness along with availability of low cost substitutes are among key factors restraining the industry growth.
Asia pacific market accounted over 25% of the overall industry demand in 2016. Regional industry growth is majorly driven by China and India owing to its large consumer base for dairy, bakery and confectionery items instigating product demand. The strong presence of dairy processing companies including small, medium and large trading at international markets, fueling industry growth during a forecast time frame.
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Europe is expected to gain highest growth in bakery and confectionery segment. The region is a prominent importer and holds a strong presence in international confectionery brands for production of chocolate and its byproducts.
Global industry share consists of Uelzena Ingredients, Friesland Campina, Glanbia Ingredients, and VIV Buisman, Oleo, Meadow foods, FLECHARD. S.A, Fista Group, Open Country Dairy, Fonterra Cooperative Group and Oceania dairy re the key players present in the market. High initial investment cost along with long product approvals by government due to strict guidelines for nutrition labelling can be a major drawback for new industry participants.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.