Global Anhydrous Milk Fat (Butter Oil) Market Report and Forecast 2024-2032

Global Anhydrous Milk Fat (Butter Oil) Market Outlook

The global anhydrous milk fat (butter oil) market reached a value of almost USD 4.31 billion in 2023. The anhydrous milk fat (butter oil) industry is further expected to grow at a CAGR of about 11.6% between 2024 and 2032 to attain a value of almost USD 11.59 billion by 2032.

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The global anhydrous milk fat (butter oil) industry is being driven by the rising consumer demand for fast food and processed food products. Anhydrous milk fat is extensively used in the dairy industry to prepare items like reconstituted milk and products such as whole milk, cheese, spreads, and ice cream, among others. The dairy segment, among other end-use sectors, leads the global industry, accounting for a significant share in the industry. The dairy segment is followed by the bakery and confectionery segments.

While countries such as Australia and New Zealand account for the majority of anhydrous milk fat consumption, with the growing awareness regarding the benefits of a vegan diet as well as the rising popularity of fusion food products in the European Union and the United States, the regions are expected to further drive the industry growth.

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Market Segmentation

Anhydrous milk fat or AMF (butter oil) is prepared by separating oil fat from cream or milk via the centrifugation process. It has a creamy texture, high nutrition content, and is very buttery. It contains 99.8% dairy fat and is used as a substitute to butter or other fats for preparing reconstituted milk or dairy produce, as well as for culinary preparations at both the industrial and domestic levels. As AMF has low water content, it can be preserved easily, and for a more extended period of time.

On the basis of end-use, the global anhydrous milk fat (butter oil) industry can be divided into:

• Dairy 
• Bakery 
• Confectionery 
• Others

The report also covers the regional anhydrous milk fat markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Market Analysis

The global market for anhydrous milk fat (butter oil) is being driven by the thriving food and beverage industry. The growing demand for processed food is supporting the growth of the industry. The growing consumption of dairy products like cheese and spreads, particularly in developed regions, is aiding the industry growth. The growing investments in the dairy industry to expand the production capabilities are expected to provide a boost to the market globally.

The anhydrous milk fat is rich in calcium and contains essential nutrients, including vitamins A, D, E, and K2, and thus, is being preferred by consumers to maintain a healthy body. Also, it is free from any additives, preservatives, and fatty acids, leading to its increased consumption. The longer shelf life of the product, owing to the presence of low moisture content, makes it a preferred choice of use among manufacturers, which is propelling the market further.

With the rising disposable incomes and growing consumer inclination towards western taste, particularly in emerging nations, the demand for products like cheese and others is growing, leading to the rise in demand for anhydrous milk fat. Moreover, the product finds various applications in the fast-food industry, which is expected to grow at a significant rate over the forecast period, which in turn, will aid the growth of the overall anhydrous milk fat market.

Competitive Landscape

The report gives a detailed analysis of the following companies in the global market for anhydrous milk fat (butter oil), covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Dairy Farmers of America
• NUMIDIA BV 
• FrieslandCampina

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report covers the macro and micro aspects of the market. It also analyses the regional price trends of anhydrous milk fat (butter oil) for the historical (2018-2023) and forecast (2024-2032).

Key Highlights of the Report