Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Ghee Market Outlook

The global ghee market size was almost 6.92 million tons in the year 2023. The industry is further expected to grow at a CAGR of 4.2% over the forecast period of 2024-2032 to attain a volume of over 10.01 million tons by 2032.

Global Ghee Market Report Summary Description Value
Base Year MMT 2023
Historical Period MMT 2018-2023
Forecast Period MMT 2024-2032
Market Size 2023 MMT 6.92
Market Size 2032 MMT 10.01
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 4.2%
CAGR 2024-2032 - Market by Region Asia Pacific 5.1%
CAGR 2024-2032 - Market by Country India 5.9%
CAGR 2024-2032 - Market by Country Canada 4.3%
CAGR 2024-2032 - Market by Distribution Channel Online 9.4%
CAGR 2024-2032 - Market by End Use Institutional 3.7%
Market Share by Country 2023 Canada 2.3%

Global Ghee Market

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The global ghee market is being driven by the thriving food and beverage industry and the growing awareness regarding the benefits of ghee consumption on human health. The growing demand for ghee-based products, particularly in emerging regions, due to their high nutritional value, is supporting the market.

Among different sources, ghee obtained from the cow's milk dominates the market owing to the popularity and significant role of cow's ghee in various Ayurvedic medicines. Currently, the retail segment is the leading end-use sector. As supermarkets/hypermarkets allow consumers to choose from a wide variety of products, ranging from the most affordable to premium brands, the segment occupies the largest market share among other distribution channels. The emerging regions, such as the Asia Pacific, provide enhanced growth opportunities for the industry growth. Within the Asia Pacific, the increased popularity and its growing demand from regions like India are aiding the global ghee market further.

2023 Market Share by Country
Canada 2.3%
USA XX%
UK XX%
Germany XX%

Market Segmentation

Ghee is a clarified butter that is utilised particularly for cooking, especially in the South Asian and Middle Eastern delicacies. It is extracted by churning milk or buttermilk. It is rich in proteins, vitamins, potassium, phosphorus, calcium, selenium, antioxidants, fatty acids, and butyric acids.

Ghee Market by Source

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The report has analysed the global ghee market on the basis of segmentations like source, end use, and distribution channel.

Based on source, the global ghee market has been divided into:

  • Cow
  • Buffalo
  • Mixed

On the basis of end use, the market is divided into:

  • Retail
  • Institutional
CAGR 2024-2032 - Market by End Use
Institutional 3.7%
Retail XX%

Based on distribution channel, the market has been categorised into:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others
CAGR 2024-2032 - Market by Distribution Channel
Online 9.4%
Supermarkets and Hypermarkets 5.2%
Convenience Stores 3.6%
Specialty Stores XX%
Others XX%

The report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

CAGR 2024-2032 - Market by Region
Asia Pacific 5.1%
Latin America 4.3%
Europe 3.4%
North America XX%
Middle East and Africa XX%

Ghee Market by Region

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CAGR 2024-2032 - Market by Country
India 5.9%
Canada 4.3%
Australia 3.5%
France 3.1%
Japan 3.1%
USA XX%
UK XX%
Germany XX%
Italy 2.9%
China XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

Market Analysis

The growing awareness regarding the benefits of ghee consumption is driving the global ghee market. The product is related to several health benefits as it contains vitamins A, E, and K. It promotes weight loss, strengthens immunity and bones, improves digestion and eyesight, cures cough and thyroid dysfunction, and relieves constipation. These health benefits act as some of the major factors influencing the growth of the ghee market globally. Another major factor driving the market growth is the flourishing food industry, where ghee is extensively used in the production of various food items like bakery, ice-cream, and others.

Ghee is considered as a vital medicine for healing wounds, improving digestion, reducing free radicals, and boosting the immune system in Ayurveda, which is propelling the industry growth. Manufacturers in the industry are continuously enhancing their production process, aiming to extend the shelf life of the product and fortify it with necessary nutrients, which is expected to aid the industry in the future. Other factors such as rising disposable incomes, growing demand for packaged food products, and a strong demand from the developing regions are also boosting the market growth.

Favourable initiatives taken by the governments of the emerging nations are expected to contribute to the global ghee market significantly. In India, the launch of several food fortification programmes, such as the mandatory fortification of Vanaspati Ghee with vitamins A and D to encourage healthy eating habits among consumers, is driving the growth of the industry. Such trends are expected to contribute significantly to the growth of the global ghee market over the forecast period.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global ghee market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Gujarat Cooperative Milk Marketing Federation Ltd. (Amul)
  • Britannia Industries
  • Milkfood Limited
  • Nestlé S.A.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Source
  • End Use
  • Distribution Channel
  • Region
Breakup by Source
  • Cow
  • Buffalo
  • Mixed
Breakup by End Use
  • Retail
  • Institutional
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Gujarat Cooperative Milk Marketing Federation Ltd. (Amul)
  • Britannia Industries
  • Milkfood Limited
  • Nestlé S.A.
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global ghee market reached a volume of almost 6.92 million tons in 2023. 

The global ghee market is projected to grow at a CAGR of nearly 4.2% in the forecast period of 2024-2032.

The market is estimated to reach a volume of over 10.01 million tons by 2032.

The major drivers of the market include rising disposable incomes, increasing population, rising food and beverage industry, and the rising awareness about the benefits of ghee consumption on human health.

The growing use of ghee as a medicine to improve digestion, treat wounds, and boost the immune system, expanding production capabilities by key manufacturers, and the introduction of favourble government initiatives aimed at encouraging healthy food habits among consumers are the key trends guiding the market.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

The major sources of ghee are cow, buffalo, and mixed.

The significant end uses of ghee include retail and institutional.

The various distribution channels of ghee in the market are supermarkets/hypermarkets, convenience stores, speciality stores, and online, among others.

The leading players in the global ghee market are Gujarat Cooperative Milk Marketing Federation Ltd. (Amul), Britannia Industries, Milkfood Limited, Creamy Food, and Nestlé S.A., among others.

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