Fior Markets launched a study titled “Milk Fat Fractions Market by Technology (Short-Path Distillation, Supercritical Fluid Extraction, Solvent Fractionation, Dry Fractionation), Product, Form, Application, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026.”
The global milk fat fractions market is expected to grow from USD 11.2 Billion in 2018 to USD 23.6 Billion by 2026 at a CAGR of 9.8% during the forecast period from 2019-2026. Increasing adoption of chocolate to make customized products and altering consumer preferences for flavored confectionery products and high demand for cakes, cookies, pastries, etc., particularly in developing nations are two factors which may boost the market growth.
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The dry fractionation segment is dominating the market with the highest share of 47.90% in 2018
Technology segment is divided into segments such as short-path distillation, supercritical fluid extraction, solvent fractionation, and dry fractionation. The dry fractionation segment is dominating the market in 2018. The easy production process, high efficiency, and cost-effective properties are leading factors driving the dry fractionation or melt crystallization technology.
The medium melting fractions segment valued around USD 5.47Billion in 2018
The product segment includes high melting fractions, medium melting fractions, and low melting fractions. The medium melting fractions segment is dominating the market with the highest share in 2018 owing to the growing demand for croissants and pastries with a flaky and crusty texture
The solid form segmentheld the market share of61.20% in 2018
The formed segment is classified into solid and liquid. The solid form segment is dominating the market in 2018. Rising demand for spreads and chocolates as a potential ingredient will stimulate industry growth. Also, technological advancement in the crystallization process has enhanced the efficient stearin formation, separated from liquid or olein portions.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America held the largest market share of approximately43.20% in 2018.The North America region is dominating the market due to presence of large number of food manufacturers along with ease in transportation and storage due to integrated logistic networks which will propel the industry demand. Growth of dairy industry along with ample amount of raw material availability has enhanced the product demand.
The major players of market include Fonterra Cooperative, FIT Company, Flechard, MCT Dairies, Wilmar International, Oleo, Royal VIV Buisman, Glanbia Ingredients, Friesland Campina, and Uelzena Ingredients, among others.
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