The Asia Pacific Anhydrous Milk Fat Market should witness market growth of 6.8% CAGR during the forecast period (2022-2028).
In butter cookies, where the flavor is the main factor, anhydrous milk fat is used since it has shortening characteristics like crunchiness. The olein component of anhydrous milk fat can be used to combat fat blooming, a mold-like pale stripe that develops on the top of butter biscuits due to crystals of high-melting point fat.
Anhydrous milk fat has a longer shelf life than other fat types, making it easier to export and store for several months at room temperature. Historically, only countries like Australia and New Zealand were allowed to consume anhydrous milk fat. Also, several applications for anhydrous milk fat in the fast-food industry are expected to grow dramatically over the coming few years. This element is predicted to raise anhydrous milk fat demand globally.
The versatility of anhydrous milk fat and other dairy products makes them popular baking ingredients. The retail bakery, confectionery, and in-store services sectors are full of creative ideas. Therefore, the anhydrous milk fat market has a bright future.
According to the Food and Agricultural Organization (FAO), India is the world's greatest producer of milk, accounting for 22 percent of the total worldwide output. China and the United States follow in second and third place, respectively. Other dairy products, however, are gaining popularity among consumers. For instance, anhydrous milk fat is a very recent addition to the area. The region embraces innovation and is open to exploring novel flavored items. Thus, people are eager to try new flavored meals and beverages. In addition, customers began to place a higher premium on food that provides functional benefits in addition to flavor. Hence, the demand for functional dairy products such as milk and cheese has increased. So, these organic dairy alternatives are positively influencing market expansion.
The Australia & NewZealand (ANZ) market dominated the Asia Pacific Anhydrous Milk Fat Market by Country in 2021 and would continue to be a dominant market till 2028; thereby, achieving a market value of $787.9 Million by 2028. The China market is estimated to grow a CAGR of 6% during (2022-2028). Additionally, The Japan market would experience a CAGR of 7.3% during (2022-2028).
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Nature, the market is segmented into Conventional, and Organic. Based on Application, the market is segmented into Dairy, Bakery, Confectionary, and Others. Based on countries, the market is segmented into Australia & NewZealand (ANZ), China, Japan, India, South Korea, Malaysia and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
In butter cookies, where the flavor is the main factor, anhydrous milk fat is used since it has shortening characteristics like crunchiness. The olein component of anhydrous milk fat can be used to combat fat blooming, a mold-like pale stripe that develops on the top of butter biscuits due to crystals of high-melting point fat.
Anhydrous milk fat has a longer shelf life than other fat types, making it easier to export and store for several months at room temperature. Historically, only countries like Australia and New Zealand were allowed to consume anhydrous milk fat. Also, several applications for anhydrous milk fat in the fast-food industry are expected to grow dramatically over the coming few years. This element is predicted to raise anhydrous milk fat demand globally.
The versatility of anhydrous milk fat and other dairy products makes them popular baking ingredients. The retail bakery, confectionery, and in-store services sectors are full of creative ideas. Therefore, the anhydrous milk fat market has a bright future.
According to the Food and Agricultural Organization (FAO), India is the world's greatest producer of milk, accounting for 22 percent of the total worldwide output. China and the United States follow in second and third place, respectively. Other dairy products, however, are gaining popularity among consumers. For instance, anhydrous milk fat is a very recent addition to the area. The region embraces innovation and is open to exploring novel flavored items. Thus, people are eager to try new flavored meals and beverages. In addition, customers began to place a higher premium on food that provides functional benefits in addition to flavor. Hence, the demand for functional dairy products such as milk and cheese has increased. So, these organic dairy alternatives are positively influencing market expansion.
The Australia & NewZealand (ANZ) market dominated the Asia Pacific Anhydrous Milk Fat Market by Country in 2021 and would continue to be a dominant market till 2028; thereby, achieving a market value of $787.9 Million by 2028. The China market is estimated to grow a CAGR of 6% during (2022-2028). Additionally, The Japan market would experience a CAGR of 7.3% during (2022-2028).
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Nature, the market is segmented into Conventional, and Organic. Based on Application, the market is segmented into Dairy, Bakery, Confectionary, and Others. Based on countries, the market is segmented into Australia & NewZealand (ANZ), China, Japan, India, South Korea, Malaysia and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
By Distribution Channel
- Offline
- Online
By Nature
- Conventional
- Organic
By Application
- Dairy
- Bakery
- Confectionary
- Others
By Country
- China
- Japan
- India
- South Korea
- Australia & New Zealand (ANZ)
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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
- United Global Agencies Group
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Asia Pacific Anhydrous Milk Fat Market by Distribution Channel
Chapter 4. Asia Pacific Anhydrous Milk Fat Market by Nature
Chapter 5. Asia Pacific Anhydrous Milk Fat Market by Application
Chapter 6. Asia Pacific Anhydrous Milk Fat Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- 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
- United Global Agencies Group
Methodology
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About the Anhydrous Milk Fat Market
Anhydrous Milk Fat (AMF) is a type of milk fat that has been processed to remove all water content. It is a semi-solid, white fat that is used in a variety of food products, including margarine, confectionery, and bakery products. AMF is also used as a substitute for butter in some applications. It is a key ingredient in many dairy products, such as ice cream, cheese, and yogurt. AMF is also used in the production of infant formula and other nutritional products. AMF is produced by separating the Read more
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