Press Release:
*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
North America Anhydrous Milk Fat Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
The North America anhydrous milk fat market reached a volume of 48,048 tons in 2019. Anhydrous milk fat (AMF), containing 99.8% of pure milk fat, is obtained by separating oil fat from cream or milk via the centrifugation process. The milk/cream extractions are available in three different varieties namely anhydrous milk fat, anhydrous butter oil and butter oil. The anhydrous milk fat includes several minerals and vitamins such as vitamins A, D, E and K2. It is creamy in texture and has a long shelf life ranging between 12-24 months. The anhydrous milk fat is widely used in the food industry as it serves as an essential ingredient in the production of several dairy products.
Being one of the largest consumers of anhydrous milk fat, North America is currently focusing on expanding the production capacity in the region. Rapid urbanization has led to high consumption of food products such as whole milk, cheese, spreads, ice cream, etc. which use anhydrous milk fat as a key ingredient. In addition to this, globalization has fueled the demand for standardized and high-quality dairy products in the region. Rising awareness has changed the dietary habits of majority of population leading to growing demand of anhydrous milk fat or butter oil. Long shelf life, easy availability and health benefits will boost the demand of anhydrous milk fat in the region. Looking forward, IMARC Group expects the market to reach a volume of 68,932 Tons by 2025, registering a CAGR of 6.2% during 2020-2025.
Report Scope:
- North America Anhydrous Milk fat (Butter Oil) Market
- Key Regions Analysed
- United States
- Canada
- Analysis for Each Country
- Market by End-Use
- Dairy
- Bakery
- Confectionary
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Key Questions Answered in This Report:
- How has the North America anhydrous milk fat (butter oil) market performed so far and how will it perform in the coming years?
- What are the key regions in the North America anhydrous milk fat (butter oil) market?
- What is the breakup of the North America anhydrous milk fat (butter oil) market on the basis of end-use?
- What are the various stages in the value chain of the North America anhydrous milk fat (butter oil) industry?
- What are the key driving factors and challenges in the North America anhydrous milk fat (butter oil) industry?
- What is the structure of the North America anhydrous milk fat (butter oil) industry and who are the key players?
- What is the degree of competition in the North America anhydrous milk fat (butter oil) industry?
Report Coverage:
- Base Year Considered: 2019
- Historical Data Coverage: 2014-2019
- Market Forecast: 2020-2025
- Geography Covered: North America, United States and Canada
- Segments Covered: End-Use.
Report Customization: Although IMARC has tried to cover everything in the North America anhydrous milk fat (butter oil) market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
10% Free customization
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