According to the latest report by IMARC Group, titled “North America Anhydrous Milk Fat Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the North America anhydrous mil fat market size reached 48,048 Tons in 2019. Anhydrous milk fat (AMF) is obtained by separating oil fat from milk or cream through centrifugation. The water content of the milk is completely removed so that the fat concentrate comprises at least 99.8% pure milk solids. AMF is creamy, whitish-yellow in color and free from additives, preservatives and fatty-acids. It is nutritious and has calcium and vitamins A, D, E and K2 that are vital for maintaining a healthy body. Besides this, it has a long shelf life ranging from 12 to 24 months. Consequently, AMF is utilized as an alternative to other fats in the food and beverage (F&B) industry in the North American region.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
North America Anhydrous Milk Fat Market Trends:
The longer shelf life of AMF as compared to its counterparts, in confluence with its convenience of storage and transportation, is influencing its sales positively in the North American region. It can be stored at low temperatures for several months without turning putrid on account of its low moisture content. Furthermore, leading manufacturers are investing in the expansion of their production capacity as North America represents one of the largest consumers of AMF. Apart from this, it finds extensive application in the preparation of dairy spreads as it provides lubricity, firmness, plasticity and viscosity to the final product. However, due to the outbreak of the coronavirus disease (COVID-19), governments of the United States (US) and Canada have imposed lockdowns and are encouraging the adoption of social distancing measures. This has disrupted the supply chains and led to the temporary closure of manufacturing units, which are negatively impacting the market growth. The market is anticipated to revive once normalcy is regained. Looking forward, the market volume is projected to reach 68,932 Tons by 2025, expanding at a CAGR of 6.2% during the forecast period (2020-2025).
- Based on the end-use, the market has been segmented into dairy, bakery, confectionery and others.
- Country-wise, the market has been bifurcated into the United States and Canada.
- The competitive landscape of the market has been examined in the report, along with the detailed profiles of the major players operating in the industry.
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