Global Anhydrous Milk Fat (Butter Oil) Market 2019-2023

Global Anhydrous Milk Fat (Butter Oil) Market 2019-2023

About this market

The growing demand for several dairy products, including anhydrous milk fat products has resulted in the expansion of production capacities by vendors. For instance, in 2018, Amul, an Indian dairy brand, announced its plans to expand its business operations in the US by acquiring a manufacturing plant in Wisconsin. The company is planning to produce dairy products such as paneer, ghee, cheese, and butter at the new plant. In the same year, another Indian dairy brand Ananda Dairy announced its plans to set up a new processing plant in Uttar Pradesh, India. The company also has plans to launch over a thousand retail stores across India by 2020. The increasing investments in expanding production capabilities in the dairy industry will result in an increase in the production of various dairy products, including anhydrous milk fat. As a result of these factors, the global anhydrous milk fat (butter oil) market size is expected to grow at a CAGR of over 11% during the forecast period.

Market Overview

Increase in M&A

Key players in the anhydrous milk fat market are acquiring smaller market players to gain access to new products and technologies at lower costs. M&A activities are also helping companies to increase their market share. For instance, Groupe Lactalis acquired an Indian company, Prabhat Dairy Ltd. in January 2019. The increasing cases of M&A activities are boosting the growth of the market.

The increasing popularity of vegan diet

The growing awareness about the benefits of a vegan diet has encouraged several consumers to adopt a vegan lifestyle. The increasing popularity of veganism across countries such as the US, Canada, and Mexico is expected to hinder the growth of the market.

For the detailed list of factors that will drive and challenge the growth of the anhydrous milk fat (butter oil) market size during the 2019-2023, view our report.

Competitive Landscape

The market is fairly fragmented with several payers occupying the market share.

Companies such as Fonterra Co-operative Group Ltd. and Groupe Lactalis have intensified the competition. Factors such as the increase in the number of M&A activities and the increasing investments to expand production capacities will provide significant growth opportunities for anhydrous milk fat manufacturers. Fonterra Co-operative Group Ltd., Groupe Lactalis, Meadow Foods Ltd., Royal FrieslandCampina NV, and Saputo Inc. are some of the major companies covered in this report.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global dairy market
      • Table Segments of global dairy market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Conventional anhydrous milk fat - Market size and forecast 2018-2023
      • Table Conventional anhydrous milk fat - Market size and forecast 2018-2023 ($ millions)
      • Table Conventional anhydrous milk fat - Year-over-year growth 2019-2023 (%)
    • Organic anhydrous milk fat - Market size and forecast 2018- 2023
      • Table Organic anhydrous milk fat - Market size and forecast 2018-2023 ($ millions)
      • Table Organic anhydrous milk fat - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • New packaging initiatives
    • New marketing campaigns
    • Increase in home cooking
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Fonterra Co-operative Group Ltd.
      • Table Fonterra Co-operative Group Ltd. - Vendor overview
      • Table Fonterra Co-operative Group Ltd. - Business segments
      • Table Fonterra Co-operative Group Ltd. - Organizational developments
      • Table Fonterra Co-operative Group Ltd. - Geographic focus
      • Table Fonterra Co-operative Group Ltd. - Segment focus
      • Table Fonterra Co-operative Group Ltd. - Key offerings
    • Groupe Lactalis
      • Table Groupe Lactalis - Vendor overview
      • Table Groupe Lactalis - Product segments
      • Table Groupe Lactalis - Organizational developments
      • Table Groupe Lactalis - Geographic focus
      • Table Groupe Lactalis - Segment focus
      • Table Groupe Lactalis - Key offerings
    • Meadow Foods Ltd.
      • Table Meadow Foods Ltd. - Vendor overview
      • Table Meadow Foods Ltd. - Product segments
      • Table Meadow Foods Ltd. - Organizational developments
      • Table Meadow Foods Ltd. - Key offerings
    • Royal FrieslandCampina NV
      • Table Royal FrieslandCampina NV - Vendor overview
      • Table Royal FrieslandCampina NV - Business segments
      • Table Royal FrieslandCampina NV - Organizational developments
      • Table Royal FrieslandCampina NV - Geographic focus
      • Table Royal FrieslandCampina NV - Segment focus
      • Table Royal FrieslandCampina NV - Key offerings
    • Saputo Inc.
      • Table Saputo Inc. - Vendor overview
      • Table Saputo Inc. - Business segments
      • Table Saputo Inc. - Organizational developments
      • Table Saputo Inc. - Segment focus
      • Table Saputo Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook