Market Overview
Anticipated to grow at a CAGR of 7.8% from 2020-2027, the Fat-Rich Dairy Products Market is forecasted to generate about USD 18.20 billion in revenue by 2027.
Dairy products like ghee, butter, and cream are products that consist of a high rate of fat. Apart from fat, these products are rich in nutrients, and compounds like conjugated linoleic acid, short-chain free fatty acids, and milk fat globule membrane. They are very beneficial for good health. The consumption of ghee, butter, and cream has been there for many decades. But as the technology changed, some new flavors are added to these to make them tasty. Such attempts have increased the fat-rich dairy products market and pushed it towards growth. Eating good food is not an issue, but the lifestyle of people today is a disturbing factor. Lack of proper exercise and untimely consumption of food has resulted in chronic illness like obesity, diabetes, and cholesterol. Especially these are likely to attack people consuming more fat-enriched food. People nowadays have become very health conscious. So, there are very particular about what they are consuming. Chronic illness and changes in fat-rich dairy product consumption patterns are factors that create hindrances in market growth. Many physicians are of opinion that consumption of a small quantity of fat-rich dairy products is good for health, especially for children followed by a good exercising schedule. Fat-rich dairy products consist of fatty acids that are very essential for the human body as they cannot produce fatty acids on their own. Many vitamins such as vitamins A, D, and E are important and when consumed orally or through other ways. The human body has to absorb these to give the required benefit to the human body. Fat helps to absorb these vitamins. So, the consumption of fat-rich dairy products is good if consumed in the required quantity.
Market Segmentation
The Fat-rich Dairy Products Market Insights can be segmented based on the ingredient type, packaging type, distribution channel, and region. According to the ingredient type, the market can be divided into segments like clarified butter/ghee, butter, cream, etc. The packaging type category can be further divided into segments like pouches, bottles, jars, etc. According to the distribution channels, the market is divided based on store and non-store segments. The store channel segment is further bifurcated into supermarkets, hypermarkets, retail and convenience stores, etc. According to the regional category, the market is divided into segments like North America, Europe, Asia-Pacific, and the Rest of the World.
Regional Classification
When the consumption of fat-rich dairy products is analyzed, the North American segment in the regional category dominates the market. All other categories have their respective contribution to the market growth.
Industry News
The global analysis of the Fat-rich Dairy Products Market Outlook states that the market is expected to reach 18.20 million US dollars at a CAGR of 7.8% by the end of 2027. Some of the key players who have contributed to the market growth are Nestle S.A, Kraft Foods Inc., Land O’Lakes, Gujarat Cooperative Milk Marketing Federation, Dana Dairy Group, etc. The awareness regarding the benefits of consuming fat-rich dairy products in the right quantity will push the market towards growth. A focus on innovating new flavored fat-rich dairy products will prove to be a good opportunity for market growth.
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