Milk Fat Replacers Market Outlook
With a growing trend for healthier foods, consumers are always looking for the next fat-free food product, low-fat options, dairy-free alternatives. But the consumers expect the same sensory experiences that are associated with traditional food products. Milk fat replacers is a class of additives which can replace milk fat and mimic the properties of the same to provide expected sensory experience to the consumer.
Healthy food trends surging the demand for milk fat replacers globally
The trend for healthy food has witnessed an upward trend in recent time. Multiple food product manufacturers are opting to replace milk fat with milk fat replacers to provide the consumer with the needed product. Apart from accounting for a healthier food product, milk fat replacers are also economically feasible, bringing the overall production cost for a product down. Milk fat replacers are usually oils that mimic the textural properties of milk fat to provide the same mouthfeel. Milk fat replacers also have a wide range of application ranging from dairy products, bakery products, confectionaries to convenience foods as well. The versatile nature of the application of milk fat replacers is one of the key reasons for the increase in demand for milk fat replacers.
A plethora of available options and cost-effective nature set positive prospects for milk fat replacers demand in the market.
Milk at replacers are widely available and in multiple types so as to suit the requirement. Milk fat replacers can be protein, carbohydrates of oils in nature, making milk fat replacers suitable for a range of applications without increasing the economic feasibility of the operation. The number of available options for milk fat replacers also enable the product manufacturers to provide a customer-centric product with the right type of milk fat replacers used in the product.
Dairy-free products trend gaining traction owing to increasing animal welfare awareness surging the demand for milk fat replacers.
In recent years, owing to an increased awareness of animal welfare, a large share of the population from developed countries has been shifting to a dairy-free diet. This has resulted in a dynamic shift from dairy-based additives to non-dairy additives such a milk fat replacers. This trend for non-dairy is slowly being picked up by developing countries as well, milk fat replacers are the only solution to provide dairy free products with the same sensory experience to the consumer. This challenge solving nature of milk fat replacers for multiple end-use segments has proven to be a boon for many manufacturers and has surged the demand for milk fat replacers in the market.
Milk fat replacers: market segmentation
On the basis of type, the global milk fat replacers market is segmented as
- Protein-based milk fat replacers
- Carbohydrate-based milk fat replacers
- Fat-based milk fat replacers
- Lipid analogs
On the basis of end-use, the global milk fat replacers market is segmented as
- Dairy products
- Bakery products
- Convenience foods
Milk Fat Replacers Market: Key Market Players
Some of the key players in the milk fat replacers market are Archer Daniels Midland Company, Cargill, Incorporated, DuPont, Arla Foods Ingredients Group P/S, Ingredion, FMC Corporation, FELDAIFFCO, CP Kelco, Kerry Inc etc.
Opportunities For Participants In The Milk Fat Replacers Market:
Since the trend for healthy foodstuff is growing globally, and being adapted by developing regions as well, the opportunities are plentiful for market participants in the milk fat replacers market. Developing countries hold a long-term promise for milk fat replacers market as developing countries contribute the most to the global population, but the food trends are not as health-oriented as developed countries as of now. In developing countries, multiple food manufacturers are coming up with fat-free and low-fat products which is going to increase the demand for milk fat replacers in the market further. The wide range of milk fat replacers available and at a wide range of prices is sure to make it appealing to local players as well, creating a wider consumer base for milk fat replacers in the foreseeable future.
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