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The global anhydrous milk fat market was valued at USD 4.07 billion in 2022 and growing at a CAGR of 8.33% from 2023 to 2032. The market is expected to reach USD 9.05 billion by 2032. North America is expected to increase the fastest during the forecast period.
Triacylglycerols, or glycerol esterified to three fatty acids, are a range of compounds that collectively make up anhydrous milk fat, each with a distinct physical property. Anhydrous milk fat, for instance, melts at a high degree of temperature and has a high melting point. Anhydrous milk fat has an average melting point higher than 40 °C. The anhydrous milk gradually changes into a transparent liquid with a bit of yellow colour due to the inclusion of carotene. When chilled, anhydrous milk fat crystallizes and becomes a soft, slightly coarse, pale white-yellow solid. Butter oil, also known as anhydrous milk fat (AMF), is a dairy product that is high in fat and is made by centrifuging cream or milk to separate the oil fat from it. It is characterized by a whitish-yellow colour and a moderately high-average melting point and is widely accessible in semi-liquid or liquid form. Along with having a lot of calcium and the vitamins A, D, E, and K2, it is also free of fatty acids, chemicals, and preservatives. It gives various cuisine preparations a rich, creamy, dairy flavour. Therefore it gets used in producing a wide variety of bakery goods and culinary practices in commercial and household markets. Anhydrous milk fat is a form of milk fat with no water. It is used to make ice cream, chocolate, and other dairy products and has a high melting point. Another name for anhydrous milk fat is anhydrous butterfat or anhydrous cream. It can be purchased as flakes, powders, or granules. Because lauric, myristic, and palmitic acids are present, it has a white or yellowish-white solid appearance with a fatty odour. Anhydrous milk fat is a concentrated version of butter that is 99.8% milk fat and inherently lactose-free. Additionally, it can be used in bread and confectionery products, dairy products, and dips and spreads. Due to its excellent stability and longer shelf life, anhydrous milk fat will experience rapid market growth due to expanding application use, government spending, and consumer demand. The way that consumers select healthier products is changing. Rather than concentrating only on functional ingredients, they are focusing on more natural products and avoiding those that contain many additives, preservatives, and stabilizers, even if the product advertises it is low in fat. Anhydrous milk fats are becoming increasingly common because they have unaltered flavour, texture, mouthfeel, structure, and anti-bloom qualities. Additionally, customers are prioritizing their health and refusing to compromise on taste, which is driving up demand for items with buttery flavours. Due to its longer shelf life and low moisture content, anhydrous milk fat is frequently stored for several months at room temperature and then quickly shipped throughout the globe. Additionally, it has various applications in the fast food sector, predicted to expand significantly over the coming years. Anhydrous milk fat will become highly in demand worldwide as a result.
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Rising consumption due to extended shelf life- The prolonged shelf life of AMF, combined with the associated ease of transportation and storage, are the main factors driving the global market. Due to its low moisture content can be kept at low temperatures for several months without going stale. The product's expanding use in the food industry fuels the market even more. Dairy spreads are frequently made using AMF because it gives the finished product lubrication, hardness, plasticity, and viscosity. Other significant growth-promoting aspects are the simple access to products provided by the numerous e-retail platforms and increased production capacities by market participants. A favourable outlook on the market is also influenced by other reasons, including the dairy industry's rapid expansion and the rising use of the product in fusion dishes as a substitute for butter and other fats. Anhydrous milk fat is becoming increasingly in demand due to rising disposable incomes and a growing consumer preference for western cuisine, particularly in emerging economies. The product also has a variety of uses in the fast-food sector, which is anticipated to expand significantly throughout the forecast period, helping to drive the anhydrous milk fat market's overall expansion. The booming food and beverage sector drives the global market for anhydrous milk fat. The growth of this market is being encouraged by the rising demand for processed foods. The market is developing due to rising dairy product consumption, particularly in developed nations. Global market growth is anticipated due to the increasing investments in the dairy sector to increase production capacity.
Increasing demand for the product in the food and beverage industry- Demand in the market has been significantly influenced by the ease with which anhydrous milk can be preserved. The use of preservatives in producing many dairy and pastry items, including packaged yoghurt, cakes, and chocolates, has increased. The popularity of milk-flavoured shakes and chocolates has also fueled the growth of the global market for anhydrous milk fat. The healthcare industry's attempts to educate the public have resulted in a greater awareness of the medical benefits of this milk. Additionally, the production of lactose-free milk has opened up new prospects for expansion in the global anhydrous milk fat market. Research into the food and beverage sector has increased in recent years. The global anhydrous milk fat market will also benefit from investments in these research areas. As a result, it is possible to predict that anhydrous milk fat will increase globally during the next ten years. Manufacturers have a lucrative potential to grow their operations in China and India due to the increasing average consumption of dairy products in the Asia-Pacific region. For instance, there has been a rise in the supply of butter and other items, such as anhydrous milk fat, to meet the rising demand, which indicates the enormous market potential. Additionally, in an established industry, manufacturers can concentrate on providing tailored solutions to their customers, such as segregated milk fats, to meet a constantly shifting pattern in the consumption of dairy items.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia-Pacific emerged as the highest in the global anhydrous milk fat market, with a share of 32.85% in 2022. The region offers many potential opportunities for suppliers of anhydrous milk fat. As a result of increased exports to China and Australia of anhydrous milk fat products, the market is expanding. Ghee, a kind of anhydrous milk fat, is widely consumed in India. It is also utilized in cooking and participates in the country's various religious activities. These factors have increased the need for items, including butter oil, which has stimulated the growth of the anhydrous milk fat market in Asia-Pacific.
Asia-Pacific Region Anhydrous Milk Fat Market Share in 2022 - 32.85%
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The nature segment is divided into conventional and organic. The conventional segment had the highest market share of 62.17% in 2022 in the anhydrous milk fat market. This is because the manufacturing process is simpler and shorter than organic materials, making it economically viable. The purest type of milk fat, anhydrous milk fat, is used as an ingredient in various foods and drinks since it is free of water. It smells and tastes unique. Although the product can be made from the milk of any animal, such as cows, sheep, or goats, it usually comes from cows.
The application segment is divided into bakery, dairy products, confectionery, flavours, and others. The dairy products segment had the highest market share of 23.84% in 2022 in the anhydrous milk fat market. Anhydrous milk fat is widely used in the production of reconstituted milk and other dairy items, including whole milk, cheese, spreads, ice cream, etc., in the dairy industry. In dairy products, anhydrous milk fat is essential because it influences viscosity, colour, texture, flavour, and taste development.
The distribution channel segment is divided into online sales and offline sales. The offline sales segment had the highest market share of 67.04% in 2022 in the anhydrous milk fat market. Because speciality stores provide opportunities for savings and the benefit of rapid gratification, the anhydrous milk fat market is developing.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 4.07 Billion |
| Market size value in 2032 | USD 9.05 Billion |
| CAGR (2023 to 2032) | 8.33% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Regional Segments | The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. |
| Segments | Nature, Application, Distribution Channel |
As per The Brainy Insights, the size of the anhydrous milk fat market was valued at USD 4.07 billion in 2022 & USD 9.05 billion by 2032.
Global anhydrous milk fat market is growing at a CAGR of 8.33% during the forecast period 2023-2032.
Asia-Pacific region emerged as the largest market for the anhydrous milk fat.
Rising consumption due to extended shelf life is a significant driving factor for the growth of the anhydrous milk fat market.
Increasing demand for the product in the food and beverage industry is a significant opportunity for the growth of the anhydrous milk fat market.
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Nature
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By Distribution Channel
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising consumption due to extended shelf life
5.3. Opportunities
5.3.1. Increasing demand for the product in the food and beverage industry
6. Global Anhydrous Milk Fat Market Analysis and Forecast, By Nature
6.1. Segment Overview
6.2. Conventional
6.3. Organic
7. Global Anhydrous Milk Fat Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Bakery
7.3. Dairy Products
7.4. Confectionery
7.5. Flavours
7.6. Others
8. Global Anhydrous Milk Fat Market Analysis and Forecast, By Distribution Channel
8.1. Segment Overview
8.2. Online Sales
8.3. Offline Sales
9. Global Anhydrous Milk Fat Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Anhydrous Milk Fat Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Anhydrous Milk Fat Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. FrieslandCampina
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Fonterra Co-operative Group Limited
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Flechard
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Groupe Lactalis
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Glanbia ingredients
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Flanders Milk
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Meadow Foods
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Arla Foods Ingredients
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Murray Goulburn
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Land O'Lakes
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Marsh's Dairy Products
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Uelzena Ingredients
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Royal VIN Buisman
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Dairy Crest Group
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. The Tatua Co-operative Dairy Company
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
List of Table
1. Global Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
2. Global Conventional, Anhydrous Milk Fat Market, By Region, 2019-2032 (USD Billion)
3. Global Organic, Anhydrous Milk Fat Market, By Region, 2019-2032 (USD Billion)
4. Global Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
5. Global Bakery, Anhydrous Milk Fat Market, By Region, 2019-2032 (USD Billion)
6. Global Dairy Products, Anhydrous Milk Fat Market, By Region, 2019-2032 (USD Billion)
7. Global Confectionery, Anhydrous Milk Fat Market, By Region, 2019-2032 (USD Billion)
8. Global Flavours, Anhydrous Milk Fat Market, By Region, 2019-2032 (USD Billion)
9. Global Others, Anhydrous Milk Fat Market, By Region, 2019-2032 (USD Billion)
10. Global Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
11. Global Online Sales, Anhydrous Milk Fat Market, By Region, 2019-2032 (USD Billion)
12. Global Offline Sales, Anhydrous Milk Fat Market, By Region, 2019-2032 (USD Billion)
13. Global Anhydrous Milk Fat Market, By Region, 2019-2032 (USD Billion)
14. North America Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
15. North America Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
16. North America Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
17. U.S. Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
18. U.S. Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
19. U.S. Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
20. Canada Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
21. Canada Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
22. Canada Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
23. Mexico Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
24. Mexico Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
25. Mexico Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
26. Europe Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
27. Europe Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
28. Europe Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
29. Germany Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
30. Germany Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
31. Germany Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
32. France Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
33. France Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
34. France Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
35. U.K. Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
36. U.K. Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
37. U.K. Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
38. Italy Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
39. Italy Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
40. Italy Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
41. Spain Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
42. Spain Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
43. Spain Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
44. Asia Pacific Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
45. Asia Pacific Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
46. Asia Pacific Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
47. Japan Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
48. Japan Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
49. Japan Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
50. China Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
51. China Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
52. China Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
53. India Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
54. India Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
55. India Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
56. South America Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
57. South America Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
58. South America Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
59. Brazil Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
60. Brazil Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
61. Brazil Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
62. Middle East and Africa Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
63. Middle East and Africa Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
64. Middle East and Africa Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
65. UAE Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
66. UAE Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
67. UAE Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
68. South Africa Anhydrous Milk Fat Market, By Nature, 2019-2032 (USD Billion)
69. South Africa Anhydrous Milk Fat Market, By Application, 2019-2032 (USD Billion)
70. South Africa Anhydrous Milk Fat Market, By Distribution Channel, 2019-2032 (USD Billion)
List of Figures
1. Global Anhydrous Milk Fat Market Segmentation
2. Anhydrous Milk Fat Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Anhydrous Milk Fat Market Attractiveness Analysis By Nature
9. Global Anhydrous Milk Fat Market Attractiveness Analysis By Application
10. Global Anhydrous Milk Fat Market Attractiveness Analysis By Distribution Channel
11. Global Anhydrous Milk Fat Market Attractiveness Analysis By Region
12. Global Anhydrous Milk Fat Market: Dynamics
13. Global Anhydrous Milk Fat Market Share by Nature (2023 & 2032)
14. Global Anhydrous Milk Fat Market Share by Application (2023 & 2032)
15. Global Anhydrous Milk Fat Market Share by Distribution Channel (2023 & 2032)
16. Global Anhydrous Milk Fat Market Share by Regions (2023 & 2032)
17. Global Anhydrous Milk Fat Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global anhydrous milk fat market based on below mentioned segments:
Global Anhydrous Milk Fat by Nature:
Global Anhydrous Milk Fat by Application:
Global Anhydrous Milk Fat by Distribution Channel:
Global Anhydrous Milk Fat by Region:
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