A new comprehensive study reveals that the total revenue from the consumption of fat filled milk powder in Japan is poised to increase from US$ 90.18 million in 2023 to an impressive US$ 157.93 million by 2033. This growth reflects a robust 5.8% CAGR over the next decade, driven by evolving consumer preferences and the expansion of the dairy processing sector.
Key Insights on the Fat Filled Milk Powder Sector of Japan
- Demand for fat filled milk powder increased at a 4.9% CAGR from 2018 to 2022, reaching a notable industry value of US$ 85.54 million in 2022.
- The surge in dairy processing industries, alongside a wider range of product offerings, has been pivotal in adapting to Japan’s changing food habits.
- The greater shelf life and convenience of powdered milk have made it a popular choice among consumers seeking regular milk intake.
Top Trends Influencing the Demand for Fat Filled Milk Powder in Japan
The popularity of fat filled milk powder is strongly linked to Japan’s shift towards convenience foods and ready-to-eat items in recent years. Its affordability has appealed to cost-conscious consumers and food producers alike, solidifying its position in both households and the food industry.
Fat filled milk powder serves as a versatile ingredient in various culinary applications, including baking, cooking, and beverage preparation. This versatility enhances the taste, texture, and nutritional value of multiple food items, further fueling its demand.
Category-wise Insights
- Preferred Fat Content: In 2023, consumers in Japan exhibit a clear preference for fat filled milk powder with 28% fat, which is expected to capture approximately 36.9% of the total revenue share.
- Dairy Products Segment: Fat filled milk powder is projected to account for about 29.7% of the regional sales from dairy product companies in 2023, favored for its cost-effectiveness compared to whole milk powder and fresh liquid milk.
Competitive Landscape
The competitive landscape for fat filled milk powder suppliers in Japan remains moderate, with a limited number of production companies. Regional suppliers are focusing on promoting the inclusion of fat filled milk powder in various culturally inclined meals while enhancing product offerings with essential vitamins and minerals.
Recent Developments
- Innovative Product Launches: In April 2021, Morinaga Milk Industry Co., Ltd. launched a specialized powdered milk for adults, Morinaga Milk Life for Space, featuring a blend of essential nutrients suited for a healthy existence in space.
- Expanded Distribution: Meiji Company announced in April 2022 the introduction of two baby formulas in Cambodia, targeting the nutritional needs of young children and infants.
Key Players in the Fat Filled Milk Powder Market
- Meiji Dairies Corporation
- Morinaga Milk Industry Co., Ltd.
- Snow Brand Milk Products Co., Ltd.
- Kyodo Dairy Corporation
- Yakult Honsha Co., Ltd.
- Megmilk Snow Brand Company
- Nichirei Food Inc.
- Glico Co., Ltd.
- Asahi Group Holdings, Ltd.
- Kirin Holdings Company, Limited
- Suntory Holdings Limited
- Meiji Seika Kaisha, Ltd.
- Nisshin Seifun Group Co., Ltd.
- Ezaki Glico Co., Ltd.
- Calpis Food Industry Co., Ltd.
Browse full Report: https://www.futuremarketinsights.com/reports/demand-and-trends-analysis-of-fat-filled-milk-powder-in-japan
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