Fat-rich Dairy Products market Outlook and Competitive Landscape 2020- 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 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.
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Various Industry Verticals and wherever required we will be considering Covid19
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