The Asia Pacific Anhydrous Milk Fat Market would witness market growth of 6.8% CAGR during the forecast period (2022-2028).
In butter cookies, where the flavor is the main factor, anhydrous milk fat is used since it has shortening characteristics like crunchiness. The olein component of anhydrous milk fat can be used to combat fat blooming, a mold-like pale stripe that develops on the top of butter biscuits due to crystals of high-melting point fat.
Anhydrous milk fat has a longer shelf life than other fat types, making it easier to export and store for several months at room temperature. Historically, only countries like Australia and New Zealand were allowed to consume anhydrous milk fat. Also, several applications for anhydrous milk fat in the fast-food industry are expected to grow dramatically over the coming few years. This element is predicted to raise anhydrous milk fat demand globally.
The versatility of anhydrous milk fat and other dairy products makes them popular baking ingredients. The retail bakery, confectionery, and in-store services sectors are full of creative ideas. Therefore, the anhydrous milk fat market has a bright future.
According to the Food and Agricultural Organization (FAO), India is the world's greatest producer of milk, accounting for 22 percent of the total worldwide output. China and the United States follow in second and third place, respectively. Other dairy products, however, are gaining popularity among consumers. For instance, anhydrous milk fat is a very recent addition to the area. The region embraces innovation and is open to exploring novel flavored items. Thus, people are eager to try new flavored meals and beverages. In addition, customers began to place a higher premium on food that provides functional benefits in addition to flavor. Hence, the demand for functional dairy products such as milk and cheese has increased. So, these organic dairy alternatives are positively influencing market expansion.
The Australia & NewZealand (ANZ) market dominated the Asia Pacific Anhydrous Milk Fat Market by Country in 2021 and would continue to be a dominant market till 2028; thereby, achieving a market value of $787.9 Million by 2028. The China market is estimated to grow a CAGR of 6% during (2022 - 2028). Additionally, The Japan market would experience a CAGR of 7.3% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Nature, the market is segmented into Conventional, and Organic. Based on Application, the market is segmented into Dairy, Bakery, Confectionary, and Others. Based on countries, the market is segmented into Australia & NewZealand (ANZ), China, Japan, India, South Korea, Malaysia and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Anhydrous Milk Fat Market is Projected to reach USD 4.3 Billion by 2028, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Royal VIVBuisman (The Van Ballegooijen), Interfood Holding BV, Eurial Services (Agrial Group), Polmlek Group, Asha Ram & Sons Pvt. Ltd., Meadow Foods Limited, Royal FrieslandCampina N.V., Lactalis Group, and United Global Agencies Group.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
By Nature
By Application
- Dairy
- Bakery
- Confectionary
- Others
By Country
- China
- Japan
- India
- South Korea
- Australia & New Zealand (ANZ)
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Royal VIVBuisman (The Van Ballegooijen)
- Interfood Holding BV
- Eurial Services (Agrial Group)
- Polmlek Group
- Asha Ram & Sons Pvt. Ltd.
- Meadow Foods Limited
- Royal FrieslandCampina N.V.
- Lactalis Group
- United Global Agencies Group
TABLE 1 Asia Pacific Anhydrous Milk Fat Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Anhydrous Milk Fat Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Anhydrous Milk Fat Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Anhydrous Milk Fat Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Offline Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Offline Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Online Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Online Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Anhydrous Milk Fat Market by Nature, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Anhydrous Milk Fat Market by Nature, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Conventional Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Conventional Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Organic Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Organic Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Anhydrous Milk Fat Market by Application, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Anhydrous Milk Fat Market by Application, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Dairy Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Dairy Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Bakery Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Bakery Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Confectionary Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Confectionary Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Anhydrous Milk Fat Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Anhydrous Milk Fat Market by Country, 2022 - 2028, USD Million
TABLE 27 Australia & NewZealand (ANZ) Anhydrous Milk Fat Market, 2018 - 2021, USD Million
TABLE 28 Australia & NewZealand (ANZ) Anhydrous Milk Fat Market, 2022 - 2028, USD Million
TABLE 29 Australia & NewZealand (ANZ) Anhydrous Milk Fat Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 30 Australia & NewZealand (ANZ) Anhydrous Milk Fat Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 31 Australia & NewZealand (ANZ) Anhydrous Milk Fat Market by Nature, 2018 - 2021, USD Million
TABLE 32 Australia & NewZealand (ANZ) Anhydrous Milk Fat Market by Nature, 2022 - 2028, USD Million
TABLE 33 Australia & NewZealand (ANZ) Anhydrous Milk Fat Market by Application, 2018 - 2021, USD Million
TABLE 34 Australia & NewZealand (ANZ) Anhydrous Milk Fat Market by Application, 2022 - 2028, USD Million
TABLE 35 China Anhydrous Milk Fat Market, 2018 - 2021, USD Million
TABLE 36 China Anhydrous Milk Fat Market, 2022 - 2028, USD Million
TABLE 37 China Anhydrous Milk Fat Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 38 China Anhydrous Milk Fat Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 39 China Anhydrous Milk Fat Market by Nature, 2018 - 2021, USD Million
TABLE 40 China Anhydrous Milk Fat Market by Nature, 2022 - 2028, USD Million
TABLE 41 China Anhydrous Milk Fat Market by Application, 2018 - 2021, USD Million
TABLE 42 China Anhydrous Milk Fat Market by Application, 2022 - 2028, USD Million
TABLE 43 Japan Anhydrous Milk Fat Market, 2018 - 2021, USD Million
TABLE 44 Japan Anhydrous Milk Fat Market, 2022 - 2028, USD Million
TABLE 45 Japan Anhydrous Milk Fat Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 46 Japan Anhydrous Milk Fat Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 47 Japan Anhydrous Milk Fat Market by Nature, 2018 - 2021, USD Million
TABLE 48 Japan Anhydrous Milk Fat Market by Nature, 2022 - 2028, USD Million
TABLE 49 Japan Anhydrous Milk Fat Market by Application, 2018 - 2021, USD Million
TABLE 50 Japan Anhydrous Milk Fat Market by Application, 2022 - 2028, USD Million
TABLE 51 India Anhydrous Milk Fat Market, 2018 - 2021, USD Million
TABLE 52 India Anhydrous Milk Fat Market, 2022 - 2028, USD Million
TABLE 53 India Anhydrous Milk Fat Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 54 India Anhydrous Milk Fat Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 55 India Anhydrous Milk Fat Market by Nature, 2018 - 2021, USD Million
TABLE 56 India Anhydrous Milk Fat Market by Nature, 2022 - 2028, USD Million
TABLE 57 India Anhydrous Milk Fat Market by Application, 2018 - 2021, USD Million
TABLE 58 India Anhydrous Milk Fat Market by Application, 2022 - 2028, USD Million
TABLE 59 South Korea Anhydrous Milk Fat Market, 2018 - 2021, USD Million
TABLE 60 South Korea Anhydrous Milk Fat Market, 2022 - 2028, USD Million
TABLE 61 South Korea Anhydrous Milk Fat Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 62 South Korea Anhydrous Milk Fat Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 63 South Korea Anhydrous Milk Fat Market by Nature, 2018 - 2021, USD Million
TABLE 64 South Korea Anhydrous Milk Fat Market by Nature, 2022 - 2028, USD Million
TABLE 65 South Korea Anhydrous Milk Fat Market by Application, 2018 - 2021, USD Million
TABLE 66 South Korea Anhydrous Milk Fat Market by Application, 2022 - 2028, USD Million
TABLE 67 Malaysia Anhydrous Milk Fat Market, 2018 - 2021, USD Million
TABLE 68 Malaysia Anhydrous Milk Fat Market, 2022 - 2028, USD Million
TABLE 69 Malaysia Anhydrous Milk Fat Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 70 Malaysia Anhydrous Milk Fat Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 71 Malaysia Anhydrous Milk Fat Market by Nature, 2018 - 2021, USD Million
TABLE 72 Malaysia Anhydrous Milk Fat Market by Nature, 2022 - 2028, USD Million
TABLE 73 Malaysia Anhydrous Milk Fat Market by Application, 2018 - 2021, USD Million
TABLE 74 Malaysia Anhydrous Milk Fat Market by Application, 2022 - 2028, USD Million
TABLE 75 Rest of Asia Pacific Anhydrous Milk Fat Market, 2018 - 2021, USD Million
TABLE 76 Rest of Asia Pacific Anhydrous Milk Fat Market, 2022 - 2028, USD Million
TABLE 77 Rest of Asia Pacific Anhydrous Milk Fat Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 78 Rest of Asia Pacific Anhydrous Milk Fat Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 79 Rest of Asia Pacific Anhydrous Milk Fat Market by Nature, 2018 - 2021, USD Million
TABLE 80 Rest of Asia Pacific Anhydrous Milk Fat Market by Nature, 2022 - 2028, USD Million
TABLE 81 Rest of Asia Pacific Anhydrous Milk Fat Market by Application, 2018 - 2021, USD Million
TABLE 82 Rest of Asia Pacific Anhydrous Milk Fat Market by Application, 2022 - 2028, USD Million
TABLE 83 Key Information – Royal VIVBuisman
TABLE 84 Key Information – Interfood Holding BV
TABLE 85 Key Information – Eurial Services
TABLE 86 Key Information – Polmlek Group
TABLE 87 Key Information – Asha Ram & Sons Pvt. Ltd.
TABLE 88 Key Information – Meadow Foods Limited
TABLE 89 Key Information – Royal FrieslandCampina N.V.
TABLE 90 Key Information –Lactalis Group
TABLE 91 Key Information – United Global Agencies Group
List of Figures
FIG 1 Methodology for the research