Fat filled Milk Powders Market Report 2024 (Global Edition)

Global Fat filled Milk Powders Market Report 2024 Market Size Split by Product Type (Fat Filled Milk Powder 26%, Fat Filled Milk Powder 28%), by Packaging (Pouches, Sachets, Tin Cans), by Distribution...

Fat filled Milk Powders Market Report Description

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Competitive Landscape of the Fat Filled Milk Powders Market

The competitive landscape of the fat-filled milk powders market is characterized by intense rivalry among manufacturers striving to differentiate their offerings through product innovation, quality enhancements, pricing strategies, and distribution channels to capture market share amidst evolving consumer preferences and regulatory dynamics.

In December 2023, Vreugdenhil unveiled a distribution agreement with IFF for SUPRO PLUS, a premium soy-based powder. Aligned with our vision of catering to evolving consumer diets, SUPRO PLUS enhances their product portfolio, reinforcing their commitment to quality dairy production alongside innovative offerings. 

(Source: https://www.vreugdenhildairyfoods.com/vreugdenhil-announces-distribution-agreement-iff-supror-plus#:~:text=Consumer%20dairy-,Vreugdenhil%20announces%20distribution%20agreement%20with%20IFF%20for%20SUPRO%C2%AE%20PLUS,product%20range%2C%20SUPRO%C2%AE%20PLUS.)   

Top Companies Market Share in Fat filled Milk Powders Industry: (In no particular order of Rank)

• Megmilk Snow Brand Co. Ltd
• Meiji Co. Ltd.
• Morinaga Milk Industry Co. Ltd.
• FrieslandCampina
• Nestlé
• Alpen Food Group
• Dana Dairy
• Vreugdenhil Dairy Foods
• Lactalis Group
• Armor Proteines
• Hoogwegt Group
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, the North America Fat Filled Milk Powders Market share was 40% of the total market

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The region's established dairy industry and consumer preference for dairy-based products drive significant sales. Additionally, rising demand for convenience foods and bakery products further propels the market. Moreover, technological advancements in production processes enhance efficiency, contributing to increased sales. Lastly, strategic marketing initiatives and product innovations tailored to meet diverse consumer needs solidify North America's position as a key revenue generator in the fat-filled milk powders market.

Asia-Pacific is the fastest-growing region. The region's burgeoning population, coupled with rising disposable incomes, fuels demand for dairy products. Furthermore, rapid urbanization and changing dietary habits drive consumption. Additionally, increasing awareness of dairy's nutritional benefits and the introduction of fortified fat-filled milk powders cater to health-conscious consumers, boosting sales. Moreover, expanding retail infrastructure and e-commerce platforms provide convenient access to consumers, facilitating market growth. Lastly, investments in research and development lead to product innovations tailored to meet diverse consumer preferences, further accelerating sales growth in the Asia-Pacific region.

The current report Scope analyzes Fat filled Milk Powders Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Fat filled Milk Powders

According to Cognitive Market Research, the global fat filled milk powders market size was estimated at USD 5142.2 Million out of which North America held the major market of around 40% of the global revenue with a market size of USD 2056.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. In North America, the sales of fat-filled milk powders are set to rise due to the increasing demand for dairy-based products driven by the growing population and changing consumer preferences. Additionally, the trend towards convenience foods fuels the adoption of fat-filled milk powders in various culinary applications. Moreover, technological advancements in production processes enhance product quality and availability, further stimulating market growth. The highest market share segment, such as fat-filled milk powder 28%, is expected to grow in North America due to its popularity among consumers seeking indulgent and creamy dairy experiences.

• According to Cognitive Market Research, The United States fat-filled milk powders market had a market share of USD 1622.88 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Sales of fat-filled milk powders in the U.S. are expected to increase due to the rising demand for convenient and affordable dairy products, driven by busy lifestyles and culinary versatility.
• Canada fat-filled milk powders market had a market share of USD 246.83 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. In Canada, the sales of fat-filled milk powders are poised to rise owing to the country's strong dairy culture, increasing multicultural population, and the versatility of these products in various cuisines.
• Mexico fat-filled milk powders market had a market share of USD 187.18 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period.

Europe Fat filled Milk Powders

According to Cognitive Market Research, with a market value of USD 5142.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. Europe accounted for a share of around 30% of the global market size of USD 1542.66 million. Sales of fat-filled milk powders in Europe are poised to increase owing to the region's strong dairy heritage and consumer preference for high-quality dairy products. Additionally, the rising trend of health-consciousness drives the demand for fortified and functional dairy products, including fat-filled milk powders. Furthermore, the growing popularity of bakery and confectionery products contributes to market expansion. Innovative packaging solutions and sustainability initiatives further boost consumer interest in fat-filled milk powders. In Europe, the highest market share segment, such as dairy products, is anticipated to grow due to its widespread use in traditional European cuisines and the baking industry.

• United Kingdom fat-filled milk powders market had a market share of USD 259.17 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. The sales of fat-filled milk powders in the UK are set to increase due to the growing trend of home baking, the popularity of creamy desserts, and the demand for convenient dairy options.
• France fat-filled milk powders market had a market share of USD 141.92 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period.
• Germany fat-filled milk powders market had a market share of USD 305.45 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. Sales of fat-filled milk powders in Germany are expected to increase due to the country's high dairy consumption, demand for premium quality products, and the versatility of fat-filled milk powders in traditional German recipes.
• Italy fat-filled milk powders market had a market share of USD 132.67 million in 2024 and is projected to grow at a CAGR of 4.1% during the forecast period.
• Russia fat-filled milk powders market had a market share of USD 239.11 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period.
• Spain fat-filled milk powders market had a market share of USD 126.50 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period.
• Luxembourg fat-filled milk powders market had a market share of USD 47.82 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period.
• Portugal fat-filled milk powders market had a market share of USD 32.40 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period.
• Greece fat-filled milk powders market had a market share of USD 18.51 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period.
• Rest of Europe fat-filled milk powders market had a market share of USD 239.11 million in 2024 and is projected to grow at a CAGR of 3.4% during the forecast period.

Asia Pacific Fat filled Milk Powders Market

According to Cognitive Market Research, the global fat filled milk powders market size was estimated at USD 5142.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1182.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031. In the Asia Pacific region, the sales of fat-filled milk powders are expected to surge due to rapid urbanization, increasing disposable incomes, and changing dietary habits. Additionally, the growing popularity of Western-style cuisines and bakery products drives the demand for fat-filled milk powders as a key ingredient. Moreover, the rising trend of online grocery shopping provides convenient access to a wide range of dairy products, further fuelling market growth. In Asia Pacific, the highest market share segment, such as dairy products, is forecasted to grow as it remains a staple in the region's culinary traditions and daily consumption habits.

• According to Cognitive Market Research, China fat-filled milk powders market had a market share of USD 532.22 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. In China, the sales of fat-filled milk powders are poised to rise due to the increasing adoption of Western dietary habits, rising disposable incomes, and the versatility of these products in various cuisines and desserts.
• Japan fat-filled milk powders market had a market share of USD 163.21 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period.
• India fat-filled milk powders market had a market share of USD 141.92 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. Sales of fat-filled milk powders in India are set to increase due to the country's growing population, rising urbanization, and the popularity of dairy-based sweets and snacks in traditional Indian cuisine.
• South Korea fat-filled milk powders market had a market share of USD 118.27 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period.
• Australia fat-filled milk powders market had a market share of USD 61.50 million in 2024 and is projected to grow at a CAGR of 7.9% during the forecast period.
• South East Asia fat-filled milk powders market had a market share of USD 81.61 million in 2024 and is projected to grow at a CAGR of 9.2% during the forecast period.
• Rest of Asia Pacific fat-filled milk powders market had a market share of USD 83.97 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period.

South America Fat filled Milk Powders Market

According to Cognitive Market Research, the global fat filled milk powders market size was estimated at USD 5142.2 Million out of which Latin America market of around 5% of the global revenue with a market size of USD 257.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. Sales of fat-filled milk powders in Latin America are set to increase due to the region's expanding population and rising per capita income levels. Additionally, the growing demand for convenient and affordable dairy products contributes to market growth. Moreover, the popularity of indulgent desserts and confectionery items drives the adoption of fat-filled milk powders in the region's culinary landscape. Furthermore, government initiatives promoting dairy consumption for improved nutrition bolster market expansion. In Latin America, the highest market share segment, such as ice cream, is anticipated to grow due to the region's love for creamy and refreshing desserts.

• According to Cognitive Market Research, Brazil fat-filled milk powders market had a market share of USD 110.04 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. In Brazil, the sales of fat-filled milk powders are expected to increase due to the country's love for creamy desserts, growing demand for convenience foods, and the versatility of fat-filled milk powders in Brazilian recipes.
• Argentina fat-filled milk powders market had a market share of USD 43.19 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Sales of fat-filled milk powders in Argentina are poised to rise owing to the country's rich dairy heritage, increasing consumption of bakery products, and the popularity of creamy desserts and confectionery items.
• Colombia fat-filled milk powders market had a market share of USD 22.88 million in 2024 and is projected to grow at a CAGR of 5.4% during the forecast period.
• Peru fat-filled milk powders market had a market share of USD 21.08 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period.
• Chile fat-filled milk powders market had a market share of USD 18.51 million in 2024 and is projected to grow at a CAGR of 5.9% during the forecast period.
• Rest of Latin America fat-filled milk powders market had a market share of USD 41.39 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period.

 

Middle East and Africa Fat filled Milk Powders

According to Cognitive Market Research, the global fat filled milk powders market size was estimated at USD 5142.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 102.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031. The sales of fat-filled milk powders in the MEA region are poised to increase due to the growing urbanization, expanding middle-class population, and rising consumer awareness of dairy's nutritional benefits. Moreover, investments in infrastructure and distribution channels enhance product accessibility and market penetration. In the MEA region, the highest market share segment, such as dairy products, is expected to grow due to its widespread consumption in traditional Middle Eastern cuisines and the region's booming hospitality industry.

• According to Cognitive Market Research, GCC Countries fat-filled milk powders market had a market share of USD 44.02 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. In the GCC Countries, the sales of fat-filled milk powders are set to increase due to the region's growing population, rising per capita income, and the popularity of Western-style cuisines and desserts.
• Egypt fat-filled milk powders market had a market share of USD 10.80 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period.
• South Africa fat-filled milk powders market had a market share of USD 16.25 million in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period. Sales of fat-filled milk powders in South Africa are expected to increase due to the country's diverse culinary landscape, growing demand for dairy-based products, and the convenience offered by fat-filled milk powders in cooking and baking.
• Turkey fat-filled milk powders market had a market share of USD 8.84 million in 2024 and is projected to grow at a CAGR of 5.4% during the forecast period.
• Nigeria fat-filled milk powders market had a market share of USD 10.80 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period.
• Rest of MEA fat-filled milk powders market had a market share of USD 12.14 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period.

Fat filled Milk Powders Market Analysis

Fat Filled Milk Powders Market Product Type Segment Analysis

According to Cognitive Market Research, fat filled milk powder 28% held the major market share over the forecast period. Its popularity stems from its higher fat content, which enhances flavour and texture in various food applications. Additionally, its cost-effectiveness compared to whole milk powder drives sales.

Fat filled milk powder 26% is the fastest-growing category over the forecast period. Its lower fat content appeals to health-conscious consumers seeking reduced-fat options. Furthermore, its versatility in different food products, coupled with its competitive pricing, contributes to its rapid growth.

• Fat Filled Milk Powder 26%
• Fat Filled Milk Powder 28%

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Fat filled Milk Powders Industry. Request a Free Sample PDF!

Fat Filled Milk Powders Market Packaging Segment Analysis

According to Cognitive Market Research, tin cans hold a prominent market share due to their durability and suitability for long-term storage, ensuring product freshness. Additionally, their wide availability and consumer familiarity contribute to their sales dominance.

Sachets are the fastest-growing category over the forecast period owing to their convenience and portion-controlled packaging, catering to on-the-go consumers. Moreover, sachets offer cost-effectiveness for both manufacturers and consumers, driving their adoption in various markets.

• Pouches
• Sachets
• Tin Cans

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Fat filled Milk Powders Distribution Channel Segment Analysis

According to Cognitive Market Research, offline hold a prominent market share due to their wide reach, established distribution networks, and consumer trust in brick-and-mortar stores. Additionally, personalized customer service and immediate product availability contribute to offline sales dominance.

Online is the fastest-growing category over the forecast period owing to the increasing preference for e-commerce platforms. Convenience, broader product selection, and the ease of comparison shopping drives the consumer adoption of online purchasing. Furthermore, the expansion of online grocery shopping and digital marketing strategies accelerate online sales growth.

• Online
• Offline

Fat filled Milk Powders End Use Segment Analysis

According to Cognitive Market Research, dairy products hold a prominent market share due to their versatility, widespread consumption, and essential nutritional value. The demand for dairy products remains consistently high across various demographics, contributing to sustained sales.

Ice cream is the fastest-growing category over the forecast period due to its universal appeal and indulgent nature. As consumer preferences shift towards premium and artisanal ice cream varieties, the market experiences increased sales. Furthermore, innovations in flavours, textures, and packaging drive consumer interest and boost ice cream sales growth.

• Dairy products
• Bakery products
• Confectionaries
• Chocolates
• Ice Cream

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

LinkedIn

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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