Fat Filled Milk Powders (FFMP) Market Size, Share, Growth, and Industry Analysis, By Type (26% Fat(min), 28% Fat(min), Others), By Application (Ice-cream, Bakery & Confectionery, Yoghurt, Recombined Sweetened Condensed Milk, Chocolate, Consumer Powders) and Regional Insights and Forecast to 2031

Updated On: 15 April 2024

FAT FILLED MILK POWDERS (FFMP) MARKET REPORT OVERVIEW

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The global fat filled milk powders (FFMP) market size was USD 6080.2 million in 2019 and the market is projected to touch USD 18392.15 million by 2031, exhibiting a CAGR of 9.6% during the forecast period.

Fat Filled Milk Powders (FFMP) are dairy products made by mixing non-fat milk powder with vegetable fats or oils. These powders are used as a substitute for whole milk powder in various foods and beverages. FFMP is a cost-effective alternative to whole milk powder because it offers the same functionality and taste but at a lower cost.

The growth of the Full Fat Milk Powders (FFMP) market is driven by several factors. First, the increasing demand for affordable and high-quality dairy products in developing countries is driving the adoption of FFMP. The lower cost of FFMP compared to whole milk powder makes it a popular choice among consumers with lower purchasing power. In addition, FFMP's longer shelf life and improved functionality make it suitable for use in a variety of food and beverage applications.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

As the impact of COVID-19 on the food and beverage industry grows, it continues to affect food and beverage businesses worldwide, from coffee shops and restaurant owners to established food manufacturers and retailers. Producers are having trouble getting raw materials, and labor shortages have led to poor production. To prevent the spread of COVID-19, governments around the world are encouraging people to stay at home. In addition, people are focusing on buying basic food items needed to survive the epidemic and avoid many shopping trips. The longer shelf life and usability properties of powdered milk have made it a consumer priority. As the effects of this pandemic spread around the world, the milk powder market is growing significantly. Growth is projected to continue until the pandemic normalizes in all countries affected by the pandemic.

LATEST TRENDS

"Growing Consumer Preference For High-Quality Dairy Products Augment Market Growth"

Some of the emerging trends in the global full-fat milk powder (FFMP) market include growing consumer preference for high-quality dairy products, growing demand for convenience foods and beverages, and increasing popularity of vegan and plant-based options. In addition, advances in technology and manufacturing processes lead to the development of new and innovative FFMP products. The market is also seeing a shift towards sustainable and environmentally friendly practices, with a focus on reducing waste and improving the industry's overall carbon footprint. These trends are expected to significantly impact the growth and dynamics of the FFMP market in the coming years. Full fat milk powder has gained popularity in recent years and is in high demand, especially in developing countries. The low-fat milk powder market is expected to grow during the forecast period due to rising demand and increasing product awareness. Demand for low-fat milk powder is expected to be one of the fastest growing dairy products. Due to bad eating habits and fast lifestyle, health related difficulties are increasing. Thanks to this, customers are more aware of healthy lifestyles and balanced nutrition. As a result, people are increasingly looking for functional food ingredients and dairy products to help them meet their nutritional needs on a regular basis. Therefore, full fat milk powder is gaining popularity.

FAT FILLED MILK POWDERS (FFMP) MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into 26% Fat(min), 28% Fat(min), Others. 26% fat (min) FFMP consists of a minimum of 26% fat, which provides less fat. 28% fat (min) FFMP contains at least 28% fat, which gives a slightly higher fat content.

• By Application

Based on application the global market can be categorized into Ice-cream, Bakery & Confectionery, Yoghurt, Recombined Sweetened Condensed Milk, Chocolate, Consumer Powders. FFMP is used in ice cream to improve creaminess and texture. In bakeries and confectionery, it improves the taste and texture of products such as cakes and chocolates.

DRIVING FACTORS

"Long Shelf Life, Rising Demand In Developing Market And Ease Of Use to Foster The Market Growth"

Longer shelf life and ease of use of milk powder is one of the major drivers of the global milk powder market. It is easier to store and transport compared to liquid milk. The milk powder market has grown significantly, mainly due to its advantages, longer shelf life and convenience. The removal of moisture from liquid milk during production makes milk powder resistant to spoilage, which extends its shelf life. Effective packaging further helps maintain quality by preventing entry of moisture and impurities. Increasing urbanization, changing lifestyles and population growth in emerging markets are increasing the demand for convenient and long-lasting dairy products such as milk powder. The global milk powder market has seen increased demand, particularly in emerging markets, reflecting changing consumer preferences and the evolving economic landscape. This upward curve can be attributed to several key factors. First, as urbanization increases in developing economies, the need for products that offer convenience and longer shelf life increases.

"Growing Awareness In Health And Wellness Will To Expand The Market Growth"

Growing awareness of health and wellness is an opportunity to market powdered milk as a source of important nutrients, promoting its consumption as part of a healthy diet. The global milk powder market is heavily influenced by the growing health and wellness trend, as consumers increasingly prioritize nutritional value, functional ingredients and food preference. Health conscious choices are driving several important developments in the field. Additionally, increasing awareness of the nutritional benefits of FFMP is also fueling fat filled milk powders (FFMP) market growth. FFMP contains high amounts of protein and essential amino acids, making it a valuable source of nutrition. This has led to increased demand for FFMP in the sports nutrition and health food and beverage industries.

RESTRAINING FACTORS

"Lactose Intolerance Concerns may to Impede Market Growth"

Some consumers may be lactose intolerant, which limits their ability to consume traditional milk powder. This creates market constraints that require the development of lactose-free or low-lactose alternatives. The concern of lactose intolerance has become a major factor affecting the dynamics of the global milk powder market as an increasing number of consumers around the world struggle with the condition. Lactose intolerance is characterized by the inability to digest lactose, the sugar found in milk and dairy products, due to the lack of the lactase enzyme. In response to this general concern, the milk powder market has seen significant changes and adjustments. The main constraints and challenges in the skimmed milk powder market are production costs and strict regulations. Production costs are high because the raw materials needed to make full fat milk powder are expensive. The regulations related to the production and sale of low-fat milk powder are strict in nature, which somewhat hinders the growth of the market.

FAT FILLED MILK POWDERS (FFMP) MARKET REGIONAL INSIGHTS

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"North America Dominate the Market Due To Prevailing Health And Wellness Trend"

North America has emerged as the most dominant region in the global fat filled milk powders (FFMP) market share due to several factors. North America is expected to grow strongly due to the health and wellness trend in the region. The increasing demand for protein-rich dairy products increases the demand for full fat milk powders. Whole milk powders have allowed processors to profit from the high price of butterfat by producing an alternative milk powder instead of producing and marketing skimmed milk powder. The ever-increasing demand for dairy products such as cheese, yogurt, curd and milk whiteners in the region is expected to contribute to the growth of the market.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The global nonfat milk powder market is segmented on the basis of protein content, application, and geography. Innovations and new product developments such as whole milk powders enriched with vitamins and minerals are expected to boost market growth. Competitive landscape of the Global Milk Powder market provides details about competitors. Information included is company overview, company finances, revenue earned, market potential, investment in research and development, new market initiatives, global presence, production facilities and facilities, production capacity, company strengths and weaknesses, product launch, product breadth and scope governance. The above information applies only to companies and others; the focus is on the global milk powder market.

List of Market Players Profiled

• Alpen Food Group (Netherlands)
• NZMP (New Zealand) 
• Dana Dairy (China)
• Vreugdenhil (Netherlands)
• Armor Proteines (France)
• BONILAIT PROTEINES (France)
• Arla Foods (Denmark)
• Polindus (Poland)
• Holland Dairy Foods (Netherlands)
• Hoogwegt International (Netherlands)
• Belgomilk (Belgium)
• TATURA (Australia)
• Olam (Malaysia)
• Foodexo (Poland)
• Lactalis Group (France)
• United Dairy (U.S.)
• Dairygold (Ireland)
• Dale Farm Ltd (U.K.)
• Lakelands (Ireland)
• FrieslandCampina Kievit (Netherlands)
• Milky Holland (Netherlands)
• Vitusa (U.S.)
• Nutrimilk Limited (Poland)
• Kaskat Dairy (Poland)

INDUSTRIAL DEVELOPMENT

March 2023: Dairy America has announced a partnership with Good Culture to expand its line of probiotic dairy products

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.