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Global Anhydrous Milk Fat Market to Reach USD 5.2 Billion by 2034

World 23.10.2024
Source: DairyNews.today
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The global market for anhydrous milk fat (AMF) is set to reach a valuation of USD 2.8 billion by 2024 and is projected to grow to USD 5.2 billion by 2034, with a compound annual growth rate (CAGR) of 6.3% in the baby food sector. Key factors driving the market include the evolving perception of fats in food and the increasing demand for shelf-stable dairy products, particularly in baby food.
Global Anhydrous Milk Fat Market to Reach USD 5.2 Billion by 2034

As the consumption of daily beverages and full-cream dairy products continues to rise, sensory factors like taste and texture are playing a crucial role in consumer preferences. This has led to a growing focus on the use of high-quality milk fats, historically sourced from premium milk but now produced in industrial settings to meet global demand.

The rise of online channels is also playing a pivotal role in promoting and selling anhydrous milk fat products. Companies are increasingly leveraging e-commerce platforms to reach a broader audience, alongside expanding their presence in specialty stores, bakeries, and confectionery outlets.

Global dairy giants like Dairy Farmers of America and Fonterra are investing in upgrading their production facilities to meet the rising demand for AMF. Additionally, regional producers are gaining traction by tailoring products to local tastes and dietary preferences.

As consumer interest in plant-based diets grows, the future of the anhydrous milk fat market remains bright, with manufacturers focusing on enhancing the nutritional content of their products, including higher vitamin and calcium levels.

Leading industry players are adopting strategies to secure their supply chains, such as sourcing raw materials from exclusive dairy farms to reduce costs and dependency on external suppliers, ensuring continued growth and revenue generation.

Key Industry Trends:

  • Growing demand for shelf-stable dairy products in the baby food segment.
  • Increased focus on online sales and specialty retail channels.
  • Major players like Fonterra and Dairy Farmers of America upgrading production capabilities.
  • Emphasis on enhancing nutritional content and appealing to cultural preferences.

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