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The global anhydrous milk fat market reached a value of US$ 2.3 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.8% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Anhydrous milk fat (AMF) is extracted by separating oil fat from cream or milk through the process of centrifugation. The water is removed and the fat concentrate thus obtained contains at least 99.8% pure milk fat. Whitish yellow in colour, it has a very buttery and creamy texture and is free from any additives, preservatives and fatty-acids. It is very nutritious and contains high quantity of calcium, and vitamins A, D, E and K2 which are essential to maintain a healthy body. Anhydrous milk fat is used in culinary preparations as an alternative to butter or other fats, at both the industrial and domestic levels.
Global Anhydrous Milk Fat Market Drivers/Constraints:
IMARC Group provides an analysis of the key trends in each sub-segment of the global anhydrous milk fat market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on end-use and region.
Breakup by End-Use:
Based on end-use, the report finds that dairy represents the leading end-use segment of the global anhydrous milk fat market, followed by bakery and confectionary. In the dairy industry, anhydrous milk fat is widely used in the manufacturing of reconstituted milk and other dairy products including whole milk, cheese, spreads, ice cream, etc.
On a geographical front, Oceania is the largest market for anhydrous milk fat, accounting for the majority of the total market. Other major regions include Europe, North America, Asia, Latin America, and Middle East and Africa.
The global anhydrous milk fat industry is fragmented due to the presence of a large number of global and regional players. However, over the past few years, the industry has seen several large companies expanding through merger and acquisition activities. Some of the leading players operating in the market are:
This report provides a deep insight into the global anhydrous milk fat industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up an anhydrous milk fat manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the anhydrous milk fat industry in any manner.
|Base Year of the Analysis||2020|
|Units||‘000 Tons, US$ Billion|
|Segment Coverage||End-Use, Region|
|Region Covered||Oceania, Europe, North America, Asia, Latin America, Middle East and Africa|
|Companies Covered||Fonterra, Dairy Farmers of America, Hilmar Cheese Company, Murray Goulburn, Westland Milk Products and Synlait Milk Limited|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global anhydrous milk fat (butter oil) market was valued at US$ 2.3 Billion in 2020.
We expect the global anhydrous milk fat (butter oil) market to exhibit a CAGR of 7.8% during 2021-2026.
The increasing demand for anhydrous milk fat (AMF) based on its prolonged shelf life and low moisture content represents one the factors driving the global anhydrous milk fat (butter oil) market.
Sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of anhydrous milk fat (butter oil).
Based on the end-use, the global anhydrous milk fat (butter oil) market can be bifurcated into dairy, bakery, confectionary, and others. Among these, the dairy sector accounts for the majority of the total market share.
On a regional level, the market has been classified into Oceania, Europe, North America, Asia, Latin America, and Middle East and Africa, where Oceania currently dominates the global market.
Some of the major players in the global anhydrous milk fat (butter oil) market include Fonterra, Dairy Farmers of America, Hilmar Cheese Company, Murray Goulburn, Westland Milk Products, and Synlait Milk Limited.
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