Global fat filled milk powder market was USD 11.12 Billion in 2018 and is projected is to exhibit 5.03% CAGR during the forecast period. The market is projected to be around USD 16.08 Billion by 2026. The market growth is mainly driven by the consumer demand in fulfilling their daily nutrition requirements. Further, it gives an affordable option to replace whole milk powder. The growing demand and rising consumption in both developed and developing nation has transformed this product from Niche to mainstream product in recent years.
Cost Effective Substitute to the Full-Cream Milk Powder
Fat-filled milk powders are an economical substitute to the classical full-cream milk powder. When it is looked upon from a nutritional point of view, milk fat has a high proportion of non-desirable saturated fat. Comparatively, vegetable oil generally comprises of more unsaturated fatty acids and less saturated fatty acids. In addition to this, vegetable oil contains less cholesterol. Sensible selection of vegetable oil can help in satisfying both nutritional features and functional characteristics of fat for dairy application.
Growing End User Industries
The growth of the global fat filled milk powder (FFMP) market is driven by the increased awareness of the products across the globe. Growing applications in the bakery and hotel industry are expected to drive the overall demand of the fat filled milk powder (FFMP) during the forecast period. Continued export growth is expected over the coming decade following the slowdown in 2014-15. Both the types of fat filled milk powder (FFMP) exports are expected to register strong growth of over 2%. Growth for exports of in Middle East and Africa is expected to grow at a modest growth rate of 1.8% p.a.

North America region holds the highest market about 38% of total market share. North American Fat filled milk powder market is positively driven by rising demand, and growing investment in product innovation of fat filled milk powder. The U.S. dominated the North American Fat filled milk powder market with a revenue share of 63% followed by Canada with a share of 37%.
Fat Filled Milk Powder Market Segmentation
The global Fat Filled Milk Powder Market is segmented into Product Types, Applications, and by Region. On the basis of the product types the market is further bifurcated into 26% Fat (Min), and 28% Fat (Min). By Application Type, the market is classified into Ice-cream, Confectionery, Bakery, Yoghurt, and Recombined Sweetened Condensed Milk. Based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Fat Filled Milk Powder Market Competitive Landscape
The key players associated with the global Fat Filled Milk Powder Market are Alpen Food Group, NZMP, Dana Dairy, Armor Proteins, Tatura, Revala, Belgomilk, Hoogwegt International, Holland Dairy Food and Arla Foods.