Anhydrous Milk Fat (Butter Oil) Market 2022: Size, Share, Major Players, Industry Analysis and Forecast to 2027

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 (AMF) or butter oil refers to a fat-rich dairy product that is prepared by extracting oil fat from cream or milk using the mechanical process of centrifugation. Widely available in semi-liquid or liquid form, it is characterized by a whitish-yellow color and a relatively high-average melting point. It not only contains high quantities of calcium and vitamins A, D, E and K2 but is also free from additives, preservatives and fatty acids. It imparts a rich dairy flavor and creaminess to a vast array of food recipes. As a result, it is used in the preparation of numerous bakery products and culinary preparations across the commercial and domestic segments.

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.

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Anhydrous Milk Fat (Butter Oil) Market Trends:

The global market is primarily driven by the longer shelf life of AMF, along with the associated convenience of transportation and storage. Unlike butter, it can be stored at low temperatures for several months without turning putrid due to its low moisture content. The market is further driven by the growing utilization of the product in the food sector. AMF is extensively used for the preparation of dairy spreads as it provides lubricity, firmness, plasticity and viscosity to the end product. The easy product availability through the proliferating e-retail platforms and the expansion of production capabilities by market players are acting as other key growth-inducing factors. Significant growth in the dairy sector, and the increasing product utilization in fusion cuisines and as an alternative to butter and other fats are some of the other factors creating a positive outlook of the market.

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

Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)

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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

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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This release was published on openPR.