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The global anhydrous milk fat (butter oil) industry is supported by the thriving food and beverage industry and the rising demand for fast food and processed food among consumers. Dairy is the leading application sector for anhydrous milk fat (butter oil). Region-wise, Australia and New Zealand are the largest anhydrous milk fat markets, occupying a significant share in the global industry. The growing consumption of products such as whole milk, cheese, spreads, and ice cream is aiding the industry growth. In Australia, sales of full fat have increased by almost 10% over the 12 months to May 2018. With rising disposable incomes and the launch of new products by the leading manufacturers, the industry is expected to witness a further growth over the forecast period.
Growing mergers and acquisitions is expected to aid the anhydrous milk fat (butter oil) industry growth. In March 2021, Synlait announced that it had received OIO/Overseas Investment Office approval for Dairyworks acquisition, which was the only condition attached to Synlait’s purchase of the shares in Dairyworks, a New Zealand leader that specialises in the processing, packaging, and marketing of dairy products. Further, in February 2020, Fonterra reported that full-fat dairy is a healthy option for consumption and not a foe according to the on-going scientific research. Scientific evidence shows that dairy products like milk, cheese, and yoghurt – including full-fat varieties – are protective for heart disease and associated risk factors like blood pressure, type 2 diabetes, and obesity. Thus, the increased efforts by the leading manufacturers to create awareness among consumers regarding the benefits of dairy fat consumption is expected to aid the industry growth in the coming years.
Market Breakup by End Use and Regions:
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The major players in the global anhydrous milk fat (butter oil) market are Dairy Farmers of America, NUMIDIA BV, and FrieslandCampina, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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