The global anhydrous milk fat market was worth US$ 2.9 Billion in 2018, registering a CAGR of 10.7% during 2011-2018. The market is further projected to reach a value of US$ 5.2 Billion by 2024. 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:
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.
Key Questions Answered in This Report:
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