North America Anhydrous Milk Fat Market to Grow at 5.23% During 2024-2032, Fostered by Demand from Food and Beverage Industry

July 17, 2020 | Food & Beverages

According to the latest report by IMARC Group, titled “North America Anhydrous Milk Fat Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” the North America anhydrous milk fat market is expected to grow at a CAGR of 5.23% during 2024-2032. 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.

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. 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.

Market Summary:

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.

Report Scope:

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
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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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North America Anhydrous Milk Fat Market to Grow at 5.23% During 2024-2032, Fostered by Demand from Food and Beverage Industry

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