Fat-rich Dairy Products Market Research Report - Global Forecast till 2027

Fat-rich Dairy Products Market Global Research Report by Type (Butter, Ghee/Clarified Butter, Cream, and Others), Packaging Type (Bottles & Jars, Pouches and others), Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Convenience Stores and others] and Non-Store-Based), and Region (North America, Europe, Asia-Pacific and RoW) - Forecast till 2027

ID: MRFR/F-B & N/3950-HCR | 110 Pages | Author: Snehal Singh | March 2024         

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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

  • North America

    • US

    • Canada

    • Mexico





  • 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




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.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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