[250 Pages Report] The global instant fat powder market is estimated to exhibit growth at a CAGR of around 4% to 5% during the forecast period. The growth in the market is mainly attributed to the surge in demand for low-fat food products amongst food processing manufacturers and consumers. In addition to this, a rising number of startups focusing on high-quality diet foods that make use of instant fat powders as additives are expected to create growth prospects in the global market.
| Attribute | Details |
|---|---|
| Instant Fat Powder Market Projected Growth Rate (2022 to 2032) | 4% to 5% CAGR |
The instant fat powder is a blend of fresh quality skim milk powder, palm-based fat, and other ingredients made using spray drying technology. As the name suggests, it comes in powdered form which can be added or mixed with other food items such as sauces, water, milk, yoghurt, and others. The instant fat powder is increasingly being adopted across the food processing industries as an alternative to milk-based powder, owing to its affordability and high nutritional properties.
These powders are available in high-fat and low-fat types. The high instant fat powder contains a total of 30% or more fats in it, due to which it provides excellent taste and rich texture without adding extra calories. These high-fat powders are highly sought-after in the production of dressing to ice cream and frozen desserts. Whereas, favoured by the low cholesterol and calorie content of low instant fat powder, demand for the powder is registering rapid growth with rinsing adoption by health-conscious customers.
Instant fat powder is increasingly gaining popularity amongst manufacturers since the use of these powders makes it possible for them to control the product quality without additional spending on equipment costs and production schedules. This is anticipated to accelerate the demand for instant fat powder in the global market.
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Demand for instant fat powder is surging at a rapid pace on the back of increasing usage in the production of dairy products such as ice cream, yogurt, milk-based beverages, and others, owing to its ability to impart a whitening effect, enhance taste, and improve texture. Rising food & beverage processing and manufacturing activities, along with the increasing development of cold chain capacities for ensuring the efficient quality of food are estimated to bolster the demand for ingredients used in the production of final food & beverage products.
Also, the growing disposable income of the population and increasing improvements in the standard of living has led to rising in restaurant chains, bakeries, confectioneries, and other. This is creating strong demand for instant fat powders, used in various food products for increasing creaminess, enhancing mouthfeel & texture, and improving fat distribution.
Changing eating habits and a rising obese population have resulted in increasing the prevalence of conditions such as lactose intolerance, worldwide. According to a report by the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), in 2020, nearly 68% of the population across the globe was forecast to be suffering from lactose malabsorption.
As instant fat powders are partly made using skimmed milk or whole milk, containing a high percentage of lactose content, this rise in the burden of lactose intolerance is expected to hinder the sales of instant fat powder. In addition to this, the increasing introduction of novel fat-filled milk powders as a replacement to instant fat powders is further restraining the growth in the market.
As per Future Market Insights, Europe is estimated to account for the dominant share in the global instant fat powder market between 2022 and 2032.
A swift rise in vegan population is being witnessed across Europe, owing to the rising concerns about animal welfare, health benefits, and others, resulting is strong demand for plant-based products. Thus, leading players in the market are aiming at launching novel products to cater to emerging trends.
For instance, in March 2021, Lus Health, a Dutch supplier of sustainable health ingredients announced the introduction new plant-based instant fat powder, Veganery MCT powder 6040 with high omega 3, 6, and 9 to meet the fat demand from the vegan population. A multiplicity of such product launches are expected to propel the demand for instant fat powder in the Europe market.
FMI states that Asia Pacific excluding Japan is anticipated to exhibit rapid growth in the global instant fat powder market during the forecast period 2022 to 2032.
With the growing burden of lifestyle diseases such as obesity, lactose intolerance, and others, the demand for milk-based ingredients has witnessed a significant downturn. Thus, to counter these constraints, key players in the market are increasingly aiming at research and development activities for launching custom products to suit customer needs.
For instance, NZMP, an Australian dairy ingredients and solutions brand announced introduction novel Low Lactose Instant Whole Milk Powder with less than 2% of lactose content. Such development and product launches are projected to accelerate the sales of instant fat powder in the Asia Pacific excluding Japan market.
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Some of the leading players in the instant fat powder market are Glenstal Foods Ltd., Dairygold Co-Operative Society Limited, Koninklijke FrieslandCampina NV, Imeko Dairy Products B.V., Vitusa Global, Frontera Group, Inc., Vreugdenhil Dairy Foods, Polindus, Hoogwegt International B.V., and Solarec.
Key participants are aiming at launching new products as per end user requirements and expanding their production capacity to gain an edge in the highly competitive market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4% to 5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Type, End Use, Region |
| Countries Covered | North America, Latin America, Europe, APEJ, Japan, Middle East and Africa |
| Key Companies Profiled | Glenstal Foods Ltd.; Dairygold Co-Operative Society Ltd.; Koninklijke FrieslandCampina NV; Imeko Dairy Products B.V.; Vitusa Global, Frontera Group, Inc.; Vreugdenhil Dairy Foods; Polindus; Hoogwegt International B.V.; Solarec |
| Customization | Available Upon Request |
FMI projects the sales of instant fat powder in the market is expected to rise at 4% to 5% value CAGR by 2032
The global instant fat powder market is expected to be dominated by Europe over the forecast period 2022-2032.
Glenstal Foods Ltd., Dairygold Co-Operative Society Limited, Koninklijke FrieslandCampina NV, Imeko Dairy Products B.V., Vitusa Global, Frontera Group, Inc., Vreugdenhil Dairy Foods, Polindus, Hoogwegt International B.V., and Solarec are some of the leading players in the prominent instant fat powder market.
| Estimated Market Size (2024E) | USD 1,142.4 million |
|---|---|
| Projected Market Value (2034F) | USD 2,106.5 million |
| Value-based CAGR (2024 to 2034) | 6.3% |
| Expected Market Value in 2023 | USD 975.5 Million |
|---|---|
| Projected Market Value in 2033 | USD 1,544.2 Million |
| CAGR (2023 to 2033) | 4.7% |
| Market Estimated Size (2022E) | USD 2.8 Billion |
|---|---|
| Projected Market Valuation (2032F) | USD 3.0 Billion |
| Value-based CAGR (2022 to 2032) | 5.2% |
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