Anhydrous Milk Fat (Butter Oil) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

$ 1499


The global anhydrous milk fat market was worth US$ 2.6 Billion in 2017, registering a CAGR of 4.7% during 2010-2017. The market is further projected to cross US$ 4.7 Billion by 2023. 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:

  • Anhydrous milk fat can be stored for several months at ambient temperature and easily transported from one part of the world to another owing to its longer shelf-life and low moisture content.
  • Earlier, the consumption of anhydrous milk fat was largely confined to countries such as Australia and New Zealand. However, with the increasing trend of fusion food products, the consumption of anhydrous milk fat in the European Union and United States is projected to grow.
  • Anhydrous milk fat has diversified applications in the fast food industry which is expected to grow at a significant rate during the next few years. This will create a substantial demand for anhydrous milk fat worldwide.
  • The negative health aspects of anhydrous milk fat due to its high concentration of saturated fatty acids and cholesterol, coupled with its high price as compared to vegetable fats, can hinder the growth of the market.


Anhydrous Milk Fat Market Report

Breakup by End-Use:

Based on end-use, the report finds that dairy represent 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.

Regional Insights:

On a geographical front, Oceania is the largest market for anhydrous milk fat, accounting for the majority of the overall market share. Other major regions include Europe, North America, Asia, Latin America, and Middle East and Africa.

Competitive Landscape:

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:

  • Fonterra
  • Dairy Farmers of America
  • Hilmar Cheese Company
  • Murray Goulburn
  • Westland Milk Products
  • Synlait Milk Limited


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.

Key Questions Answered in This Report:

  • How has the global anhydrous milk fat market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global anhydrous milk fat industry?
  • What are the key end-use segments in the global anhydrous milk fat industry?
  • What are the price trends of anhydrous milk fat?
  • What are the various stages in the value chain of the global anhydrous milk fat industry?
  • What are the key driving factors and challenges in the global anhydrous milk fat industry?
  • What is the structure of the global anhydrous milk fat industry and who are the key players?
  • What is the degree of competition in the global anhydrous milk fat industry?
  • What are the profit margins in the global anhydrous milk fat industry?
  • What are the key requirements for setting up anhydrous milk fat manufacturing plant?
  • How is anhydrous milk fat manufactured?
  • What are the various unit operations involved in anhydrous milk fat manufacturing plant?
  • What is the total size of land required for setting up anhydrous milk fat manufacturing plant?
  • What are the machinery requirements for setting up anhydrous milk fat manufacturing plant?
  • What are the raw material requirements for setting up anhydrous milk fat manufacturing plant?
  • What are the packaging requirements for anhydrous milk fat?
  • What are the transportation requirements for anhydrous milk fat?
  • What are the utility requirements for setting up anhydrous milk fat manufacturing plant?
  • What are the manpower requirements for setting up anhydrous milk fat manufacturing plant?
  • What are the capital costs for setting up anhydrous milk fat manufacturing plant?
  • What are the operating costs for setting up anhydrous milk fat manufacturing plant?
  • What will be the income and expenditures for anhydrous milk fat manufacturing plant?
  • What is the time required to break-even?

1    Preface
2    Scope and Methodology
  
  2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Anhydrous Milk Fat (Butter Oil) Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1     Volume Trends
        5.2.2     Value Trends
    5.3    Price Analysis
        5.3.1    Price Indicators
        5.3.2    Price Structure
        5.3.3    Price Trends
    5.4    Market Breakup by Region
    5.5    Market Breakup by End Use
    5.6    Market Forecast
    5.7    SWOT Analysis
        5.7.1    Strengths
        5.7.2    Weaknesses
        5.7.3    Opportunities
        5.7.4    Threats
    5.8    Value Chain Analysis
        5.8.1    Raw Material Procurement
        5.8.2    Manufacturing
        5.8.3    Marketing
        5.8.4    Distribution
        5.8.5    Exports
        5.8.6    End-Use
    5.9    Porter’s Five Forces Analysis
        5.9.1    Overview
        5.9.2    Bargaining Power of Buyers
        5.9.3    Bargaining Power of Suppliers
        5.9.4    Degree of Competition
        5.9.5    Threat of New Entrants
        5.9.6    Threat of Substitutes
    5.10    Key Success Factors and Risk Factors
6    Performance of Key Regions
    6.1    Oceania
    6.2    Europe 
    6.3    North America
    6.4    Asia
    6.5    Latin America
    6.6    Middle East and Africa
7    Market Breakup by End Use
    7.1   Dairy 
    7.2   Bakery 
    7.3   Confectionary
    7.4   Others
8    Competitive Landscape
    8.1    Market Structure
    8.2    Key Players
9    Anhydrous Milk Fat Manufacturing Process
    9.1    Product Overview
    9.2    Detailed Process Flow
    9.3    Various Types of Unit Operations Involved
    9.4    Mass Balance and Raw Material Requirements
10    Project Details, Requirements and Costs Involved
    10.1    Land Requirements and Expenditures
    10.2    Construction Requirements and Expenditures
    10.3    Plant Machinery
    10.4    Machinery Pictures
    10.5    Raw Material Requirements and Expenditures
    10.6    Raw Material and Final Product Pictures
    10.7    Packaging Requirements and Expenditures
    10.8    Transportation Requirements and Expenditures
    10.9    Utility Requirements and Expenditures
    10.10    Manpower Requirements and Expenditures
    10.11    Other Capital Investments
11    Loans and Financial Assistance
12    Project Economics

    12.1    Capital Cost of the Project
    12.2    Techno-Economic Parameters
    12.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    12.4    Taxation and Depreciation
    12.5    Income Projections
    12.6    Expenditure Projections
    12.7    Financial Analysis
    12.8    Profit Analysis
13    Key Player Profiles
 


List of Figures

Figure 1: Global: Anhydrous Milk Fat Industry Overview
Figure 2: Global: Anhydrous Milk Fat Market: Volume Trends (in ‘000 Tons), 2010-2017
Figure 3: Global: Anhydrous Milk Fat Market: Value Trends (in Billion US$), 2010-2017
Figure 4: Global: Anhydrous Milk Fat Market: Price Trends (in US$/ Ton), 2010-2017
Figure 5: Global: Anhydrous Milk Fat Market: Breakup by Region (in %), 2017
Figure 6: Global: Anhydrous Milk Fat Market Forecast: Volume Trends (in ‘000 Tons), 2018-2023
Figure 7: Global: Anhydrous Milk Fat Market Forecast: Value Trends (in Billion US$), 2018-2023
Figure 8: Global: Anhydrous Milk Fat Market Forecast: Price Trends (in US$/ Ton), 2018-2023
Figure 9: Global: Anhydrous Milk Fat Industry: SWOT Analysis
Figure 10: Global: Anhydrous Milk Fat Industry: Value Chain Analysis
Figure 11: Global: Anhydrous Milk Fat Industry: Porter’s Five Forces Analysis
Figure 12: Oceania: Anhydrous Milk Fat Market (in ‘000 Tons), 2010, 2017 & 2023
Figure 13: Europe: Anhydrous Milk Fat Market (in ‘000 Tons), 2010, 2017& 2023
Figure 14: North America: Anhydrous Milk Fat Market (in ‘000 Tons), 2010, 2017 & 2023
Figure 15: Asia: Anhydrous Milk Fat Market (in ‘000 Tons), 2010, 2017 & 2023
Figure 16: Latin America: Anhydrous Milk Fat Market (in ‘000 Tons), 2010, 2017 & 2023
Figure 17: Middle East and Africa: Anhydrous Milk Fat Market (in ‘000 Tons), 2010, 2017 & 2023
Figure 18: Anhydrous Milk Fat Manufacturing Plant: Detailed Process Flow
Figure 19: Anhydrous Milk Fat Manufacturing Process: Conversion Rate of Products
Figure 20: Anhydrous Milk Fat Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 21: Anhydrous Milk Fat Industry: Profit Margins at Various Levels of the Supply Chain
Figure 22: Anhydrous Milk Fat Production: Manufacturing Cost Breakup (in %)



List of Tables

Table 1: Global: Anhydrous Milk Fat Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Anhydrous Milk Fat Market Forecast: Breakup by Region, 2018-2023
Table 3: Global: Overview of Top Anhydrous Milk Fat Manufacturers
Table 4: Typical Composition of Anhydrous Milk Fat
Table 5: Anhydrous Milk Fat Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 6: Anhydrous Milk Fat Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 7: Anhydrous Milk Fat Manufacturing Plant: Costs Related to Milk Reception Section (in US$)
Table 8: Anhydrous Milk Fat Manufacturing Plant: Costs Related to Milk Processing Section (in US$)
Table 9: Anhydrous Milk Fat Manufacturing Plant: Costs Related to Separation Section (in US$)    
Table 10: Anhydrous Milk Fat Manufacturing Plant: Costs Related to Butter Section (in US$)
Table 11: Anhydrous Milk Fat Manufacturing Plant: Costs Related to AMF Section (in US$)
Table 12: Anhydrous Milk Fat Manufacturing Plant: Costs Related to Drying Section (in US$)    
Table 13: Anhydrous Milk Fat Manufacturing Plant: Summary of Machinery Costs (in US$)    
Table 14: Anhydrous Milk Fat Manufacturing Plant: Raw Material Requirements
Table 15: Anhydrous Milk Fat Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 16: Anhydrous Milk Fat Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 17: Details of Financial Assistance Offered by Financial Institutions
Table 18: Anhydrous Milk Fat Manufacturing Plant: Capital Costs (in US$)
Table 19: Anhydrous Milk Fat Manufacturing Plant: Techno-Economic Parameters
Table 20: Anhydrous Milk Fat Manufacturing Plant: Taxation and Depreciation
Table 21: Anhydrous Milk Fat Manufacturing Plant: Income Projections (in US$)
Table 22: Anhydrous Milk Fat Manufacturing Plant: Expenditure Projections (in US$)
Table 23: Anhydrous Milk Fat Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 24: Anhydrous Milk Fat Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 25: Anhydrous Milk Fat Manufacturing Plant: Profit and Loss Account
 


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