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. 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.
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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. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.5% during 2022-2027.
Competitive Landscape:
- Fonterra
- Dairy Farmers of America
- Hilmar Cheese Company
- Murray Goulburn
- Westland Milk Products
- Synlait Milk Limited
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 (2015-2020)
- Market Outlook (2022-2027)
- 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
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