Anhydrous Milk Fat Market research presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the Anhydrous Milk Fat market with a particular focus on identifying the key industry influencers. Thus, the data presented is comprehensive, reliable, and the result of extensive research.
About Anhydrous Milk Fat market
The growing demand for several dairy products, including anhydrous milk fat products has resulted in the expansion of production capacities by vendors. For instance, in 2018, Amul, an Indian dairy brand, announced its plans to expand its business operations in the US by acquiring a manufacturing plant in Wisconsin. The company is planning to produce dairy products such as paneer, ghee, cheese, and butter at the new plant. In the same year, another Indian dairy brand Ananda Dairy announced its plans to set up a new processing plant in Uttar Pradesh, India. The company also has plans to launch over a thousand retail stores across India by 2020. The increasing investments in expanding production capabilities in the dairy industry will result in an increase in the production of various dairy products, including anhydrous milk fat. As a result of these factors, the global anhydrous milk fat (butter oil) market size is expected to grow at a CAGR of over 11% during the forecast period.
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Anhydrous Milk Fat Market Trend, Challenge and Driver: –
- Increase in M&A
- Key players in the anhydrous milk fat market are acquiring smaller market players to gain access to new products and technologies at lower costs. M&A activities are also helping companies to increase their market share. For instance, Groupe Lactalis acquired an Indian company, Prabhat Dairy Ltd. in January 2019. The increasing cases of M&A activities are boosting the growth of the market.
- The increasing popularity of the vegan diet
- The growing awareness about the benefits of a vegan diet has encouraged several consumers to adopt a vegan lifestyle. The increasing popularity of veganism across countries such as the US, Canada, and Mexico is expected to hinder the growth of the market.
- For the detailed list of factors that will drive and challenge the growth of the anhydrous milk fat (butter oil) market size during the 2019-2023, view our report.
- The market is fairly fragmented with several payers occupying the market share.
- Companies such as Fonterra Co-operative Group Ltd. and Groupe Lactalis have intensified the competition. Factors such as the increase in the number of M&A activities and the increasing investments to expand production capacities will provide significant growth opportunities for anhydrous milk fat manufacturers. Fonterra Co-operative Group Ltd., Groupe Lactalis, Meadow Foods Ltd., Royal FrieslandCampina NV, and Saputo Inc. are some of the major companies covered in this report.
Geographic Segmentation of Anhydrous Milk Fat Market: –
- North America (the United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Colombia)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Anhydrous Milk Fat market potential is analyzed for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, demand and present scenarios in Anhydrous Milk Fat industry. Further, the Anhydrous Milk Fat market report focuses on global major leading industry players with information.
Key vendors operating in Anhydrous Milk Fat market space are –
- Fonterra Co-operative Group Ltd.
- Groupe Lactalis
- Meadow Foods Ltd.
- Royal FrieslandCampina NV
- Saputo Inc.
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The objective of this Anhydrous Milk Fat market research report is: –
- To provide actionable intelligence alongside the Anhydrous Milk Fat market size of various segments.
- To detail major factors influencing the Anhydrous Milk Fat market (drivers, opportunities, industry-specific challenges, and other critical issues).
- To determine the geographic breakdown of the Anhydrous Milk Fat market in terms of detailed analysis and impact.
- To analyze business dimensions with an eye on individual growth trends and contribution of upcoming Anhydrous Milk Fat market segments.
- To track the competitive landscape of the market.
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Name: Mr. Ajay More
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Organization: 360 Market Updates
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