According to a new report, published by KBV research, The Global Anhydrous Milk Fat Market size is expected to reach $4.3 billion by 2028, rising at a market growth of 6.6% CAGR during the forecast period.
The Online segment is showcasing a CAGR of 9% during (2022 - 2028). Just Milk, Sainsbury's, Ocado, Mr. Case, and Walmart are some of the widely used online distribution platforms for dairy products. Some businesses also offer online delivery of their goods using mobile applications. For instance, GCMMF (Amul), an Indian company, provides milk and other dairy goods through its mobile app. Internet usage is increasing, and global connectivity is improving, which will help the segment thrive.
The Conventional segment aquired maximum revenue share in the Global Anhydrous Milk Fat Market by Nature in 2021 thereby, achieving a market value of $3.1 billion by 2028. The purest form of milk fat, anhydrous milk fat, contains no water and is utilized as an ingredient in a variety of meals and beverages. It tastes and smells in a distinctive way. The product can be made from any kind of animal, such as sheep, goats, or cattle, but it typically comes from cow's milk. At room temperature, it is a white or light yellowish-white solid with a melting point between 34 and 38 degrees Celsius.
The Bakery segment has shown the growth rate of 6.9% during (2022 - 2028). The advantages of employing milk fat in the bakery business are its buttery flavor, creamy texture, and its functional features, particularly those of the stearin fraction of AMF with a higher melting point and solid fat content, which are advantageous for such goods. In addition, AMF, also utilized in butter cookies where the flavor is the prime objective, has shortening qualities such as crunchiness.
The Asia Pacific market dominated the Global Anhydrous Milk Fat Market by Region in 2021 and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.1 billion by 2028. The Europe market is exhibiting a CAGR of 5.8% during (2022 - 2028). Additionally, The North America market would display a CAGR of 6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/anhydrous-milk-fat-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Royal VIVBuisman (The Van Ballegooijen), Interfood Holding BV, Eurial Services (Agrial Group), Polmlek Group, Asha Ram & Sons Pvt. Ltd., Meadow Foods Limited, Royal FrieslandCampina N.V., Lactalis Group, and United Global Agencies Group.
By Distribution Channel
By Nature
By Application
By Geography
Companies Profiled
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