Anhydrous Milk Fat Market to Garner $6.0 billion by 2031 at 7.2% CAGR

Rise in disposable income of people, surge in expenditure on high-quality food products, expansion of food and beverage industry, growth in consumer preference for western cuisine, rise in investments in the dairy sector drive the global anhydrous milk fat market.

PORTLAND, Ore., March 10, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Anhydrous Milk Fat Market by Nature (Organic, Conventional), by Application (Dairy, Bakery, Confectionary, Others), by Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global anhydrous milk fat industry generated $3.0 billion in 2021 and is estimated to generate $6.0 billion by 2031, witnessing a CAGR of 7.2% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/53921 

Drivers, Restraints, and Opportunities

Rise in disposable income of people, surge in expenditure on high-quality food products, expansion of food and beverage industry, growth in consumer preference for western cuisine, rise in investments in the dairy sector drive the global anhydrous milk fat market. On the other hand, high percentage of saturated fatty acids & cholesterol, and high cost of anhydrous milk fat in comparison to vegetable fats hinder the market growth. However, technological advancements in production methods and container designs will present new growth opportunities for the global anhydrous milk fat market in the coming years.

Covid-19 Scenario

• The COVID-19 outbreak had a negative impact on the anhydrous milk fat market, owing to the disruption of the global supply chain.
• However, the market had the potential to grow in several ways because consumers were preferring natural and organic products over those manufactured with chemicals since they were so concerned about their health and adhered to a healthy diet to prevent virus attacks. Owing to the strength and anti-microbial properties of milk products, people continued to consume them.
• The market also benefited from the uncertainties caused by fiscal 2021 due to increased demand for anhydrous milk fat.

The conventional segment to grab lion's share during the forecast period

Based on nature, the conventional segment contributed to the largest share of nearly two-thirds of the global anhydrous milk fat market in 2021 and is expected to maintain its leadership in terms of revenue during the forecast period. This is due to economic viability and an easy & less-lengthy manufacturing process as compared to that of organic products. However, the organic segment is projected to showcase fastest CAGR of 7.7% from 2022 to 2031, owing to its increased demand in the food & beverages industry.

Buy This Report (250 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3ZYG4jE

The dairy segment to dominate the market during the forecast period

In terms of application, the dairy segment grabbed the highest share of nearly two-fifths of the overall anhydrous milk fat market in 2021 and is projected to maintain its dominance in 2031. Anhydrous milk fat is significant in the dairy sector since it not only contributes to flavor development but also to texture, color, and viscosity. Moreover, the confectionery segment is expected to witness the fastest CAGR of 7.9% from 2022 to 2031. The growth of the segment is driven by expanding retail sales, an increase in the practice of giving confectionery items as gifts, rising disposable income, rising urbanization and population, busy lifestyles, and an increase in the number of women in the workforce.

The offline segment to achieve the highest revenue during the forecast period

By distribution channel, the offline segment contributed the largest share of nearly three-fourths of the global anhydrous milk fat market and is expected to maintain its leadership in terms of revenue during the forecast period. The anhydrous milk fat business is expanding as a result of the possibilities that specialty shops offer, including savings and the advantage of instant gratification. However, the online segment will showcase the fastest CAGR of 7.8% during the forecast period. This is attributed to easy availability and the benefits such as information about the attributes of the products, time-saving features, and the facility of home delivery provided by the online platform.

Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/53921

Asia Pacific to achieve the largest revenue by 2031

Based on region, the market in Asia-Pacific was the largest in 2021, accounting for nearly two-fifths of the global anhydrous milk fat market and is likely to maintain its dominance during the forecast timeframe. This is because manufacturers of anhydrous milk fat have a lot of potential opportunities in the region. Anhydrous milk fat products from New Zealand are increasingly being exported to China and Australia, which is changing the market. However, the market in Europe is projected to witness a fastest CAGR of 7.9% from 2022 to 2031. This is due to the rising demand for clean label and sustainable milk and dairy products.

Leading Market Players

• Interfood Holding BV
• Lactalis Group
• Asha Ram & Sons Pvt. Ltd.
• Gloria Argentina SA
• UGA Group
• Royal VIVBuisman
• Eurial Ingredients & Nutrition
• Polmlek Group
• Royal FrieslandCampina N.V.
• Vitusa Corp,

Trending Reports in Food and Beverages Industry

Commercial Seaweeds Market : Global Opportunity Analysis and Industry Forecast, 2021-2031

Phycocyanin Market : Global Opportunity Analysis and Industry Forecast, 2021-2030

Shea Butter Market : Global Opportunity Analysis and Industry Forecast, 2021-2030

Bakery Enzymes Market : Global Opportunity Analysis and Industry Forecast, 2021-2030

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/food-and-beverages
Follow Us on Blog: https://www.dailyreportsworld.com/

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg