PUBLISHER: Allied Market Research | PRODUCT CODE: 1298283
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298283
The global anhydrous milk fat market was valued at $3 billion in 2021, and is projected to reach $6 billion by 2031, growing at a CAGR of 7.2% from 2022 to 2031.Cream or butter can be used to create anhydrous milk fat. The direct-from-cream process uses disk bowl separators to perform the following main separation operations; separating whole milk to produce 40% fat cream; concentrating this cream to approximately 75% fat; concentrating the butteroil phase after inverting its phase; and polishing the butteroil phase after adding in-line wash water and possibly neutralizing free fatty acids.
The anhydrous milk fat market is segmented on the basis of nature, application, distribution channel, and region. By nature, the market is bifurcated into organic and conventional. By application, the market is divided into dairy, bakery, confectionary, and others. By distribution channel, it is classified into online and offline. The offline segment is further fragmented into supermarkets/hypermarkets, specialty stores, convenience stores, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Russia, Spain, Netherlands, Poland, and the rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Malaysia, Vietnam, and the rest of Asia-Pacific), and LAMEA (Brazil, Argentina, United Arab Emirates, Saudi Arabia, South Africa, and the rest of LAMEA).
The impact of the COVID-19 outbreak was moderate on the growth of the global anhydrous milk fat market. The trade restrictions and lockdown resulted in the halting of production and manufacturing units. However, the recovery of the anhydrous milk fat market is expected in near future.
The ease of preserving anhydrous milk has contributed significantly to the market's rise in demand. Preservatives are used to prevent food deterioration brought on by bacteria, molds, fungus, and yeast. By adding preservatives to keep food fresher for longer periods of time, the shelf life of food can be extended. In addition to avoiding rancidity, food preservatives also function to stop or delay changes in color, flavor, or texture. Preservatives are being used in greater quantities throughout the manufacturing process for a number of dairy and bakery items, including packaged yogurt, cakes, and chocolates. Since anhydrous milk fat can be preserved easily, the industry is expanding.
However, there is rise in demand for plant-based foods as a result of consumers' growing concern over animal welfare. Furthermore, the market for mainstream retail products is rapidly incorporating plant-based foods and beverages. In addition, as more people become lactose intolerant, the demand for dairy alternatives is growing. Owing to their role in the development of obesity and other sedentary lifestyle-related diseases, lactose-containing products are viewed as unhealthy. The rapidly expanding dairy alternatives market, which has brought new products such as non-dairy ice cream, bakeries using vegetable oil, and confectionary products, is expected to restrain the expansion of the global market.
The key players operating in the anhydrous milk fat market have adopted product launch, business expansion, and merger & acquisition as their key strategies to expand their market share, increase profitability, and remain competitive in the market. The major players operating in the global anhydrous milk fat market are Royal FrieslandCampina N.V., Asha Ram & Sons Pvt. Ltd, Lactalis Group, Interfood Holding BV, Vitusa Corp, Royal VIVBuisman, Polmlek Group, Gloria Argentina SA, United Global Agencies, and Eurial Ingredients & Nutrition.