Report Details:
15 Companies Covered
110 Pages
Pune, India, September, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Fat Rich Dairy Products Market Research Report.
Market Scenario
The global fat-rich dairy products market is estimated to expand at 4.2 % CAGR during the forecast period (2017-2023) owing to the growing consumer demand for confectionery and bakery, asserts Market Research Future (MRFR). Fat is a crucial part of cell membranes which influences the muscle’s response to insulin. Dairy products contain higher fat content and comprise products such as cream, ghee, butter, and others. Fat rich dairy products are extensively used across food industry as are considered as the primary ingredient for culinary purpose in confectionery and bakery industry.
Drivers and Constraints Impacting the Market
Besides offering flavor, fat-rich dairy products provide dairy nutrients due to which they are gaining popularity worldwide. Growing consumer demand for confectionery and bakery products such as muffins, chocolates, cakes, and others are influencing the market growth during the review period. Moreover, with the increasing demand for sweet dishes followed by growth in disposable income in driving the market over the assessment period. Attractive packaging along with continuous addition and innovation of new flavors are fostering the global fat-rich dairy products market.
On the flip side, growing concern associated with obesity among the global population along with growing health concern are some of the major factors which are estimated to hamper the market growth in the coming years.
Global Fat Rich Dairy Products Market: Segmental Analysis
The global fat-rich dairy products market has been segmented on the basis of type, packaging material, distribution channel, and region.
By mode of type, the market has been segmented into cream, butter, ghee, and others. Among these, the segment for butter has been estimated to the be the dominant market owing to the high demand in confectionery and bakery industry along with low production cost. Also, the cream segment is predicted to showcase a steady growth during the review period.
By mode of packaging material, the market has been segmented into paper, plastic, glass, metal, and others. Among these, the segment for plastic and paper are expected to showcase the fastest growth.
By mode of distribution channel, the market has been segmented into non-store based and store-based distribution channel. Among these, the store-based distribution channel is the dominating sector in the global market due to the availability of various products and convenience of finding the products under a single roof.
Regional Insights
Geographically, the global fat-rich dairy products market spans across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World.
Among all the regions, the North American region is estimated to be the dominating region closely followed by Europe. This is attributed to the high consumption of convenience food in this region. Moreover, the presence of countries like Belgium, Germany, and France which are major contributors to fat-rich dairy products are driving the market in this region.
The Asia Pacific region is estimated to grow at a substantial rate owing to the presence of major contributors such as Australia, India, and New Zealand. Moreover, with the growing demand for junk food such as pizza and burger is also estimated to drive the market in this region.
Industry News
Danone wanted to test their AYEM, a new almond-based breakfast bowl which comprises Omega 3 and 15 grams of protein. Instead of inviting a group of pre-selected tasters, they went directly to the streets by opening a pop-up store for consecutive three weeks in the streets of London.
Competitive Analysis
The major players operating the global market are Land O'Lakes Inc. (U.S.), Nestle (Switzerland), DANA Dairy (Switzerland), Danone (France), GCMMF (AMUL) (India), FrieslandCampina (The Netherlands), General Mills (U.S.), Kraft Foods Inc. (U.S.), and others