MFGM to account for 3/4 of global butter fat consumption by 2028
A new report published on the Butter Fat Fraction Market, shows that the market exceeded almost US$100 million in terms of revenues by the end of 2018 and is forecast to reach US$209m by the end of 2028.
The overall global butter fat fraction market is expected to register growth at a CAGR of 7.5% in terms of market value from 2018 to 2028 (Forecast Period).
In the overall global butter fat fraction market, there is an increase in the competition and high fragmentation. This competition is increased due to the presence of various players in the butter fat fraction market, however it helps to boost the development of innovative and new products in the butter fat fraction market. This will aid the growth of the butter fat fraction market in terms of market value throughout the forecast period.
MFGM segment holds lion’s share of market value
By ingredient type, the MFGM (Milk Fat Globule Membrane) segment is expected to hold a share of more than 66% in terms of market value, which will reportedly increase to around 75% towards the end of the forecast year 2028.
The Ganglioside segment, however, is expected exhibit a slow growth in terms of value in the butter fat fraction market.
Among regional segments, North America held the largest market share of 42.1% by 2018’s end in terms of market value. In Europe, the demand for butter fat fraction is increasing at higher growth rate especially in UK, France, Germany, Spain, Italy, and other European countries.
An increasingly health conscious population, changing lifestyle habits and increasing consumer expenditure on healthy and premium food products are some of the key factors driving the growth of premium nutrition products in these countries.