A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the global fat-filled milk powder market. Presenting exclusive insights into the market from 2018 to 2028, the report projects that the market will witness notable growth during the forecast period. Fat-filled milk powder is considered a perfect amalgamation of vegetable fats and dairy proteins and acts as a total or partial substitute to milk powder. The growth of the market is primarily attributed to the increasing demand for functional food with high nutrition, the growing preference among consumers over shimmered milk owing to its affordability, and high adoption in the processing of various dairy products, bakery & confectionery products and chocolate products. Furthermore, the technological advancements in the production and processing of dairy products have contributed to the emergence of innovative products, which is boosting the growth of the fat-filled milk powder market.
Fat Filled Milk Powder Gains Traction as a Healthier Alternative to Conventional Milk Powder
Over the years, there has been a sharp rise in the disease associated with unhealthy eating habits and hectic lifestyles. This has resulted in increased awareness among consumers, and is pushing towards healthy food intake. On this premise, there has been a rise in demand for functional food ingredients and dairy products, which help consumers meet their daily nutritional requirements. Fat filled milk powder is the ideal food component that bolsters the consumers in achieving the same, and has been gradually gaining traction among consumers and end-use industries alike. Containing fats from different vegetable sources, fat-filled milk powder is acting a healthier, economical alternative to whole milk powder in numerous industrial applications. Furthermore, fat-filled milk powder is being used in baking and cooking purposes, owing to their nutritional value, taste, and long shelf life, which makes it suitable in applications where refrigeration facility is unavailable. The increasing prices of whole cream milk powder are also expected to act as a growth driver, as consumers are opting for fat-filled milk powder on the back of its affordability.
Firm Government Regulations Against Food Ingredients to Impede Swift Growth
Stringent government regulations in various regions against the usage of food ingredients are likely to limit the adoption in bakery and dairy to a certain extent. As the F&B industry continues to channel a significant portion of revenue, the said regulations are likely to limit the adoption of fat-filled milk powder. Furthermore, taxation and high import prices on materials could negatively impact the adoption in developing countries, since they are highly reliant on the import of fat-filled milk powder.