Press Release
Press Release
According to a new report by EMR titled, ‘Global Ghee Market Report and Forecast 2024-2032’, the market attained a volume of about 6.92 million tons in 2023. The market is estimated to grow at a CAGR of 4.2% in the forecast period of 2024-2032 to reach volume of around 10.01 million tons by 2032.
The Asia Pacific holds a significant ghee market share due to the diverse applications of ghee in the Indian subcontinent and Mediterranean cuisines. Ghee, known for its nutritional and medicinal benefits like aiding digestion and heart health, is highly popular and endorsed as a healthier butter and oil alternative.
In India, about 60–70% of the total ghee produced is used for direct dressing and about 15-20% for the cooking and frying of foods. In China, the Ministry of Agriculture and Rural Affairs (MARA) implemented a five-year plan (2021-2025) to promote large-scale, modern dairy farms and increase the percentage of dairy cows on farms with more than 1,000 head to 56% by 2025. Similarly, the Indian government has implemented the Dairy Processing and Infrastructure Development Fund to help companies upgrade their milk processing and chilling plants while the Animal Husbandry Infrastructure Development Fund (AHIDF) helps farmers increase their milk processing capacity.
In March 2024, Nova Dairy, one of the pioneers in the dairy industry in India, announced the launch of its latest product, A2 Cow Ghee. Crafted using the traditional bilona ghee curd churning method from A2 cow milk, this premium ghee aims to revolutionise the dairy industry with its potential quality and health benefits. A2 Cow Ghee is derived from the milk of indigenous Indian cows, which is made up of A2 beta-casein protein. Nova Dairy uses the traditional bilona churning method to preserve the ghee's original flavour, taste, and nutritional value, which makes it a great option for picky consumers. The availability of ghee on e-commerce channels such as Amazon.com (NASDAQ: AMZN) further drives the market growth.
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The major players in the global ghee market are Gujarat Cooperative Milk Marketing Federation Ltd. (Amul), Britannia Industries, Milkfood Limited, and Nestlé S.A., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Source |
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Breakup by End Use |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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