Anhydrous Milk Fat Market Size is Projected to Reach US$ 3.89 Billion by 2027, Industry CAGR 7.5% | IMARC Group
According to the latest report by IMARC Group, titled “Anhydrous Milk Fat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global anhydrous milk fat market reached a value of US$ 2.49 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.89 Billion by 2027, exhibiting at a CAGR of 7.5% during 2022-2027.
Anhydrous milk fat, also known as butter oil, is a dairy fat that is derived from milk or cream. It is produced by separating the milk fat from the other components of milk, such as water and protein. Unlike regular butter, anhydrous milk fat does not contain any water, which gives it a longer shelf life and makes it easier to transport and store. It is commonly used as an ingredient in the food industry, especially in the production of baked goods, confectionery, and processed cheese. Anhydrous milk fat is also used as a substitute for regular butter in some applications due to its unique properties and flavor profile.
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Anhydrous Milk Fat Market Trends:
The increasing product demand from the food industry represents a key factor driving the market growth across the globe. This is attributed to the extensive usage of anhydrous milk fat in a wide range of food products, including bakery items, confectionery, and processed cheese. In line with this, the rising awareness regarding the health benefits associated with the consumption of anhydrous milk fat is contributing to the growth of the market. This is attributed to the anhydrous milk fat containing a higher concentration of fat-soluble vitamins and having a higher melting point compared to regular butter, which makes it a healthier option for frying and baking applications. Other factors, including longer shelf life, convenience in handling and transportation, and the easy product availability, are creating a positive outlook for the market.
Anhydrous Milk Fat Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the anhydrous milk fat (butter oil) market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these Key Players Include:
- Fonterra
- Dairy Farmers of America
- Hilmar Cheese Company
- Murray Goulburn
- Westland Milk Products
- Synlait Milk Limited
Key Market Segmentation:
The report has segmented the anhydrous milk fat (butter oil) market on the basis of end-use and region.
Breakup by End-Use:
- Dairy
- Bakery
- Confectionary
- Others
Regional Insights:
- Oceania
- Europe
- North America
- Asia
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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