Market Overview:
The North America anhydrous milk fat market size reached 61,985 Tons in 2023. Looking forward, IMARC Group expects the market to reach 98,030.3 Tons by 2032, exhibiting a growth rate (CAGR) of 5.23% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
61,985 Tons |
Market Forecast in 2032
|
98,030.3 Tons |
Market Growth Rate 2024-2032 |
5.23% |
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America anhydrous milk fat market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on end-use.
- Key Regions Analysed
- Analysis for Each Country
- Market by End-Use
- Dairy
- Bakery
- Confectionery
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
Tons |
Segment Coverage |
End-Use, Country |
Countries Covered |
United States, Canada |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
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) |
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 has been the impact of COVID-19 on 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?