As per the Global Market Insights report, the “Worldwide milk fat fractions market” was valued at USD 12.9 billion in 2022 and will surpass a revenue collection of USD 22 billion by 2032 with an annual growth rate of 5.5% over 2023–2032.
The milk fat fractions market is expected to grow substantially through 2032 owing to the increasing cases of lactose intolerance and dairy allergies among consumers.
Besides, the growing demand for nutraceuticals due to constant tech innovations and changing lifestyles, coupled with the increasing attention towards remaining fit and boosting immunity, especially after the Covid pandemic, has positively influenced the adoption of nutrition and nutraceutical products.
Additionally, the penetration of leading market players, especially in Asia and North America, and strategic efforts to gain a competitive edge in the space are anticipated to drive the industry expansion.
The medium-melting fractions segment is anticipated to be valued at over USD nine billion by 2032. The segmental growth will result from the wide application of medium melting fractions in bakery goods such as biscuits, cookies, cakes, and bread. In addition, it also provides a flaky texture to croissants and pastries, which will most likely increase its penetration in the ensuing years.
The supercritical fluid extraction segment is slated to be valued at over USD four billion by 2032. The key benefits offered by this process, such as the ability to control the extraction parameters like temperature and pressure, better extraction yield, improved transport properties, and shorter extraction time, will positively influence the segmental expansion during the next decade.
The solid form segment will register a considerable share through 2023–2032. The product growth can be accredited to the changing consumer patterns and rising demand for bakery products such as brownies, cakes, pastries, and doughnuts.
The milk fat fraction market from the confectionary segment is slated to grow substantially by 2032 due to the rising application of milk-fat components in chocolates. In addition, the rising demand for confectionery products such as candies, cream rolls, and muffins across the globe will promote the market demand.
Besides, the increasing consumption of solid-formulated fractionated milk fat in the nutraceuticals industry will further assist the industry in registering notable gains during the next ten years.
The North American milk fat fraction industry will be valued at over USD five billion by 2032, owing to the constant expansion in the dairy industry and the easy and massive availability of raw materials. Besides, the presence of some leading players and easy travel and storage facilities will boost the regional outlook by 2032.
