Press release
Anhydrous Milk Fat Market Size US$ 4.1 Billion, Growth Rate (CAGR) of 7.2%, Top Leaders and Forecast Report 2023-2028
How Big is the Anhydrous Milk Fat Market?
The global anhydrous milk fat market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.2% during 2023-2028.
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What is Anhydrous Milk Fat?
Anhydrous milk fat (AMF) is primarily obtained by separating oil fat from cream or milk using centrifugation. The water is removed, and the extracted fat concentrate contains at least 99.8% pure milk fat. AMF is whitish-yellow in color, has a very buttery and creamy texture, and is free from additives, preservatives, fatty acids, etc. It also contains high quantities of calcium as well as vitamins A, D, E and K2, which are essential to maintain a healthy lifestyle. AMF is utilized in numerous culinary preparations across the industrial and domestic segments as an alternative to butter or other fats.
What are the growth prospects and trends in the Anhydrous Milk Fat industry?
The growing awareness about the various product benefits, such as longer shelf life, ease of storage, portability, etc., is among the key factors driving the anhydrous milk fat (butter oil) market across the globe. In line with this, owing to its low moisture content, AMF can be stored at low temperatures for several months without turning putrid, unlike butter, which is acting as another significant growth-inducing factor. Additionally, the elevating utilization of the product in the food sector for preparing dairy spreads, driven by its lubricity, plasticity, firmness, viscosity, etc., is also augmenting the global market. Apart from this, the increasing product availability through the rapidly expanding e-commerce platforms and the enhancement of production capabilities by several market players are expected to stimulate the anhydrous milk fat (butter oil) market in the coming years.
Who are the key players operating in the industry?
The report covers the major market players including:
Fonterra
Dairy Farmers of America
Hilmar Cheese Company
Murray Goulburn
Westland Milk Products
Synlait Milk Limited
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by End-Use:
Dairy
Bakery
Confectionary
Others
Regional Insights:
Oceania
Europe
North America
Asia
Latin America
Middle East and Africa
Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=706&flag=E
Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
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.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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.
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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