Market Scenario
Fat-Rich Dairy Products Market is expected to garner a revenue of approximately USD 16 billion by 2024 at a CAGR of approximately 4% during the forecast period of 2019–2024. Dairy products rich in various nutrients, along with conjugated linoleic acid, milk fat globule membrane, and short-chain free fatty acids are commonly referred to as fat-rich dairy products. Surging consumption of various fat-rich dairy products such as ghee, butter, cream and others are amongst the major determinants driving the growth of global fat-rich dairy products market. The health benefits associated with the consumption of ghee and butter, especially in the developing nations of Asia-Pacific, can be attributed to the increasing consumption of fat-rich dairy products. Introduction of flavored fat-rich dairy products are yet another factor catalyzing the demand for such products, which, in turn, is fueling the market growth. However, the rising concerns regarding obesity and cholesterol-based diseases are hampering the growth of the global fat-rich dairy products market. Manufacturers of fat-rich dairy products are expected to witness profitable growth opportunities during the upcoming years due to continuous product innovation and launch of innovative product flavors.
Segmentation
The global fat-rich dairy products market has been segmented based on type, packaging type, distribution channel, and region. By type, the global fat-rich dairy products market has been classified as butter, ghee/clarified butter, cream, and others. The global fat-rich dairy products market has also been segregated, on the basis of packaging type, into bottles & jars, pouches, and others. Based on distribution channel, the market is segregated into store-based and non-store-based. The store-based segment has been further segmented into supermarkets & hypermarkets, convenience stores, and others. The global fat-rich dairy products market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American fat-rich dairy products market has further been segmented into the US, Canada, and Mexico. The European fat-rich dairy products market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The fat-rich dairy products market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The fat-rich dairy products market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Key Players
Land O'Lakes, Inc. (US), Nestle S.A. (Switzerland), Royal FrieslandCampina (Netherlands), General Mills (US), DANA Dairy (Switzerland), GCMMF (AMUL) (India), Groupe Lactalis (France), Saputo Inc. (Canada), Fonterra Co-operative Group (New Zealand), Danone (France), and Kraft Foods Inc. (US) are some of the key players in the global fat-rich dairy products market.
Regional Market Summary
North America dominated the global fat-rich dairy products market in 2018 owing to the surging consumption of convenience food products in the region. Europe was the second-largest market in terms of revenue share, in 2018 due to the increasing retail consumption of fat-rich dairy products in Belgium, Germany, and France. However, the Asia-Pacific fat-rich dairy products market is expected to register the highest CAGR during the forecast period owing to the increasing consumption of ghee and butter in the region due to their health benefits. India, Australia, and New Zealand are the major country-level market contributing to the growth of the regional market.
Global Fat-rich Dairy Products Market, by Type
- Butter
- Ghee/Clarified Butter
- Cream
- Others
Global Fat-rich Dairy Products Market, by Packaging Type
- Bottles & Jars
- Pouches
- Others
Global Fat-rich Dairy Products Market, by Distribution Channel
- Store-Based
- Supermarkets & Hypermarkets
- Convenience Stores
- Others
- Non-Store-Based
Global Fat-rich Dairy Products Market, by Region
-
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
-
Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific
-
Rest of the World (RoW)
- South America
- Middle East
- Africa
Intended Audience
- Dairy product manufacturers
- Food and beverage manufacturers
- Traders, importers and exporters
- Raw material suppliers
- Retailers and wholesalers
Fat Rich Dairy Products Market Highlights:
Frequently Asked Questions (FAQ) :
Fat-rich dairy products market valuation would be USD 16 billion by 2024.
Fat-rich dairy products market CAGR would be 4% during the forecast period.
Fat-rich dairy products market players mentioned in the report are Nestle S.A. (Switzerland), Land O'Lakes, Inc. (US), General Mills (US), Royal FrieslandCampina (Netherlands), GCMMF (AMUL) (India), DANA Dairy (Switzerland), Saputo Inc. (Canada), Groupe Lactalis (France), Danone (France), Fonterra Co-operative Group (New Zealand), and Kraft Foods Inc. (US)
North America would ensure lead for the coming years in the fat-rich dairy products market.
The type-wise segments of the fat-rich dairy products market are butter, ghee/ clarified butter, cream, and others.
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