The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
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.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at