Global Anhydrous Milk Fat Market to Grow at 6.5% During 2024-2032, Spurred by Associated Convenience of Storage and Transportation

December 06, 2021 | Food & Beverages

According to the latest report by IMARC Group, titled "Anhydrous Milk Fat (Butter Oil) Market Report by End Use (Dairy, Bakery, Confectionary, and Others), and Region 2024-2032," the global anhydrous milk fat market size reached US$ 2.9 Billion in 2023. Anhydrous milk fat (AMF) or butter oil refers to a fat-rich dairy product that is prepared by extracting oil fat from cream or milk using the mechanical process of centrifugation. Widely available in semi-liquid or liquid form, it is characterized by a whitish-yellow color and a relatively high-average melting point. It not only contains high quantities of calcium and vitamins A, D, E and K2 but is also free from additives, preservatives and fatty acids. It imparts a rich dairy flavor and creaminess to a vast array of food recipes. As a result, it is used in the preparation of numerous bakery products and culinary preparations across the commercial and domestic segments.

Global Anhydrous Milk Fat Market Trends:

The global market is primarily driven by the longer shelf life of AMF, along with the associated convenience of transportation and storage. Unlike butter, it can be stored at low temperatures for several months without turning putrid due to its low moisture content. The market is further driven by the growing utilization of the product in the food sector. AMF is extensively used for the preparation of dairy spreads as it provides lubricity, firmness, plasticity and viscosity to the end product. The easy product availability through the proliferating e-retail platforms and the expansion of production capabilities by market players are acting as other key growth-inducing factors. Significant growth in the dairy sector, and the increasing product utilization in fusion cuisines and as an alternative to butter and other fats are some of the other factors creating a positive outlook of the market. On account of the aforementioned factors, the market is projected to grow at a CAGR of 6.5% during the forecast period (2024-2032).

Market Summary:

  • On the basis of the end-use, the market has been classified into dairy, bakery, confectionery and others. Among these, the dairy segment exhibits a clear dominance in the market, accounting for majority of the total global market.
  • On the geographical front, the market has been divided into Oceania, Europe, North America, Asia, Latin America, and Middle East and Africa. At present, Oceania holds the leading position in the market.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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$ 2499
Five User License: US$ 3499
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)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Anhydrous Milk Fat Market to Grow at 6.5% During 2024-2032, Spurred by Associated Convenience of Storage and Transportation
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