Fat-rich Dairy Products Market Size, Revenue, Key Players, Growth, Share and Forecast Till 2027
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 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 Overview 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 Size 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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