Concentrated Milk Fat Market To Reach $7.88 Billion By 2030

Concentrated Milk Fat Market Growth & Trends

The global concentrated milk fat market size is expected to reach USD 7.88 billion by 2030, registering a CAGR of 6.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. An increase in applications of concentrated milk fat in nutraceuticals, dairy and confectionery, and food and beverage industry is anticipated to fuel the growth. Longer shelf life of the organic product along with ease of storage and transportation are anticipated to further drive the growth. Benefits such as improved vitamin content, enhanced flavors, plasticity, and elastic texture improve the quality of bakery products and cut the overall product cost giving advantage to the food service providers.

Asia Pacific held the largest market share owing to the large consumption of confectionery and bakery products coupled with import of dairy products in countries like India and China. For instance, in 2016 India’s dairy imports were valued at USD 110 million and in terms of volume it was measured at 58,595 metric tons. Europe is forecasted to witness rise in the market share in near future at the highest CAGR of 12.59% from 2019 to 2025. Increase in consumption of dairy products in countries like Germany and France is driving the demand in Europe region.

The bakery and confectionery segment held the largest market share of over 40% in 2018 due to wide scope of product application in bakery products. The application of concentrated milk fat in dairy products is expected to increase at the fastest CAGR of 11.48% from 2019 to 2025. Consumption of confectionery products such as chocolates and milky bars is increasing, thereby providing increased growth prospects in the forecast period. The chocolate confectionery market is expected to rise at a CAGR of 4.4% over the forecast period.

The key players operating in the concentrated milk fat market are Darigold, Inc.; Lactalis Ingredients; Campina Original;California Dairies, Inc.;Grassland Dairy;Fonterra;FIT; Hoogwegt U.S.;G&R Foods Inc.; Pine River Dairy; MCT Dairies; and JLS Foods. Most companies engage in competitive strategies such as mergers and acquisitions, launch of innovating new products, and spreading awareness about the benefits of concentrated milk fats. For instance, the French dairy company Lactalis acquired Siggi's Dairy, a U.S. based company involved in production of yogurts.

 Request a free sample copy or view report summary: Concentrated Milk Fat Market Report

Concentrated Milk Fat Market Report Highlights

• Conventional concentrated milk fat dominated the market with the largest revenue share of 89.4% in 2024. Consumers and manufacturers widely recognize and trust these products, ensuring their strong market position.

• Bakery & confectionery dominated the market with the largest revenue share in 2024. Concentrated milk fat is a vital ingredient in bakery and confectionery products, enhancing flavor, texture, and shelf life.

• Asia Pacific concentrated milk fat market dominated the global market with the largest revenue share of 35.4% in 2024.

Concentrated Milk Fat Market Segmentation

Grand View Research has segmented the global concentrated milk fat market report based on product, application, and region:

Concentrated Milk Fat Product Outlook (Revenue, USD Million, 2018 - 2030)

• Organic

• Conventional

Concentrated Milk Fat Application Outlook (Revenue, USD Million, 2018 - 2030)

• Bakery & Confectionery

• Dairy Products

• Nutraceuticals

• Others

Concentrated Milk Fat Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico 

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

List Of Key Players in the Concentrated Milk Fat Market

• Darigold

• Lactalis Ingredients

• Fonterra Co-operative Group Limited

• Grassland Dairy products

• California Dairies, Inc.

• Fonterra Co-operative Group Limited

• Hoogwegt

• G&R Food

• Pine River Dairy

• JLS Foods International