Fat-rich Dairy Products Market Trends,Key Manufacturers, Development Trends 2027
Market Overview:
Fat is an important part of cell
membranes and influences the body muscle’s 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. However, if consumed in large amount all fats, including healthy
fats, can contribute to weight gain. Dairy products are usually higher in fats,
among them the most popular fat rich dairy products include butter, ghee,
cream, and others.
Market Forecast
Fat rich dairy products have diverse
application across the food industry and are considered as a key ingredient for
culinary purpose majorly in bakery and confectionery industries. Rising consumer
demand for bakery and confectionery products is driving the growth of the fat
rich dairy products market. Moreover, growing demand for convenience foods is
also contributing to the growth of the market.
There is a higher consumption of
butter in North America and Europe which is a major factor driving the growth
of fat rich dairy products market in the region. Moreover, ghee is commonly
used in South Asian and the Middle Eastern cuisines which is supporting the
growth of the market. However, rising health concerns among the growing
population followed by increasing cases of obesity may hamper the growth of the
market. Nevertheless, all these factors are projected to contribute to the
estimated CAGR of 4.2% of fat rich dairy products market during
the forecast period 2017-2023.
Downstream analysis:
On the basis of type, Fat-rich
Dairy Products Market Trends are segmented into butter, ghee, 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 segments are 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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Competitive analysis:
The major players in the Fat rich
dairy products market
- Land O'Lakes,
Inc. (U.S.)
- Nestle
(Switzerland)
- FrieslandCampina
(The Netherlands)
- General Mills
(U.S.)
- DANA Dairy
(Switzerland)
- GCMMF (AMUL)
(India)
- Danone (France)
Regional Analysis:
The global fat rich dairy products
market is segmented into North America, Europe, Asia Pacific and rest of the
world (RoW). North America is dominating the market. The U.S. is the major
contributor in North America followed by Canada. Europe is the second largest
market for fat rich dairy products. Growing bakery industry in France and
Germany is driving the growth of fat rich dairy products in this region.
Asia Pacific is anticipated to be the
fastest growing region for fat rich dairy products market. India is majorly
contributing to the growth of fat rich dairy products market in Asia Pacific.
Innovations and technological advancement are boosting the growth of fat rich
dairy products in rest of the world. Among them, Brazil is projected to be the
major contributor to the fat rich dairy products market.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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