As per the report published by Fior Markets, 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.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.
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.
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Prominent companies in the industry include are Fonterra Cooperative, FIT Company, Flechard, MCT Dairies, Wilmar International, Oleo, Royal VIV Buisman, Glanbia Ingredients, Friesland Campina, and Uelzena Ingredients, among others. Leaders are providingbetter opportunities and continuously focused on new product developments and venture capital investments to capture market share.
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 and valued around USD 5.36 Billion in 2018. The easy production process, high efficiency, and cost-effective properties are leading factors driving the dry fractionation or melt crystallization technology. 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 of 48.90% in 2018 owing to the growing demand for croissants and pastries with a flaky and crusty texture. The formed segment is classified into solid and liquid. The solid form segment is dominating the market and valued around USD 6.85 Billion 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. The application segment includes nutritional and nutraceuticals, cold spreadable butter, confectionery, bakery, and others. The bakery segment is dominating the market with the highest share of 39.30% in 2018. Increasing consumer preference for bakery products including cakes, butter cookies, biscuits, pastries and brownie due to changing lifestyles will support the industry growth.
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High demand for cakes, cookies, pastries, etc., particularly in developing nations is a major factor driving the market. In addition, increasing adoption of chocolate to make customized products and altering consumer preferences for flavored confectionery products further stimulates the demand. However, less product commercialization mainly in developing countries may obstruct the growth of the market. Nevertheless, several technological advancements related to the process of crystallization are also projected to help in producing improved products in terms of quality which is expected to boost the market in forthcoming years
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