Market Overview:
Butter, ghee, and cream are fat rich dairy products that are rich in nutrients along with health-benefiting compounds like milk fat globule membrane (MFGM), conjugated linoleic acid (CLA), and short-chain free fatty acids (SCFAs). They are gaining popularity in the food industry for flavoring, baking, and cooking. Fat is an essential part of our diet and is important for good health. There are different types of fats, with some fats being healthier than the others. When consumed in large amounts, all fats, including healthy fats, can contribute to weight gain which is a major concern for this market.
Fat is an important part of cell membranes and influences the body muscles’ response to insulin. It is very important to get the right amount of fat in the body for optimal functioning. Making the right dietary fat choices helps to promote long-term health and well-being. Butter, ghee, and cream are fat-rich dairy products, rich in nutrients along with health-benefiting compounds like milk fat globule membrane (MFGM), conjugated linoleic acid (CLA), and short-chain free fatty acids (SCFAs). They are gaining popularity in the food industry for flavoring, baking, and cooking.
Asia Pacific is estimated to have a substantial growth over the forecast period 2017-2023. India and Australia are the major contributors to the growth of fat rich dairy products market in this region followed by New Zealand. India is the emerging market for fat rich dairy products where an increase in disposable income and changing consumption pattern is driving the growth of the market.
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Increase in consumption of fat rich dairy products in India owing to consumption of ghee in various cuisines, religious rituals, and as a traditional medicine is driving the growth of the fat rich dairy products in this region. Moreover, increasing consumption of bakery products is these regions is influencing the growth of fat rich dairy products market. However, growing health-conscious population may hamper the growth of the market. Nevertheless, all these factors will lead to the growth of Asia Pacific market at a CAGR of 4.6% during the forecast period 2017-2023.
Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major fat rich dairy products players. It further includes product portfolios, developments of leading players, which includes
Some of the key players profiled in the global fat rich dairy products market are Land O’Lakes, Inc. (U.S.), Nestle (Switzerland), General Mills (U.S.), FrieslandCampina (The Netherlands), DANA Dairy (Switzerland), GCMMF (AMUL) (India), Danone (France), Kraft Foods Inc. (U.S.)
Segments:
On the basis of type, fat rich dairy products are segmented into Ghee, Butter, Cream and others. Among all, the butter segment is witnessed to be dominating the market based on low cost of production followed by high demand in bakery and confectionery industry. Moreover, the cream segment is anticipated to have a steady growth over the forecast period.
Based on the packaging material, fat-rich dairy products market is segmented into glass, plastic, metal, paper, and others. Among all, the paper and plastic segment is witnessed to be the fastest growing segments.
On the basis of the distribution channel, fat-rich dairy products market is segmented into store-based and non-store-based distribution channel. Among them, the store-based distribution channel is dominating the market. Availability of wide range of products followed by the convenience of finding all products under one roof is driving the growth of this segment.
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Regional Analysis:
The Global Fat-Rich Dairy Products Market is segmented into Europe, Asia Pacific, North America and rest of the world (RoW). North America is dominating the market followed by Europe. High consumption of convenience food in North America is driving the growth of fat-rich dairy products in this region. In Europe, Germany, France, and Belgium are the major contributors to fat-rich dairy products market.
Asia Pacific is projected to grow at a substantial rate over the forecast period. India, New Zealand, and Australia are the major contributor to the growth of fat rich dairy products market in Asia Pacific region. Rising demand for fast foods such as pizza and burger is expected to grow the fat rich dairy products market in the rest of the world.
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