Global Butter Concentrate Market Overview:
Concentrated butter, also referred to as “baking butter”, is prepared by removing water, lactose and casein protein from the cream or butter. The technical term for concentrated butter is AMF (Anhydrous Milk Fat). It can be efficiently prepared from unsalted butter or pasteurized milk or cream. Butter concentrates are an ideal substitute in low-fat applications since they provide richness and mouthfeel at a fraction of fat, calories and cholesterol content. The main advantage is its ease of storage since it does not require refrigeration. Concentrated butter is most widely used in large-scale food manufacturing since it is a cheaper alternative to butter. People are increasingly becoming health conscious worldwide and preferring low-fat foods. This poses as an opportunity for the market of butter concentrates in industrial as well as household purposes.
As per latest study released by AMA Research, the Global Butter Concentrate market is expected to see growth rate of 6.6%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Longer Span of Usability Has Led To Penetration of Butter Concentrates in Household Applications
Market Growth Drivers:
High Demand From Chocolate and Pastry Industries Since It Is Considered As a Cost-Effective Replacement for Salted or Unsalted Butter and High Demand From Regions with Inadequate Refrigerated Storage Facilities Since It Can Be Stored At Room Temperature
Challenges:
High demand of industry
Restraints:
Stringent Government Regulations to Ensure Food Safety
Opportunities:
Increasing Demand for Low Fat Food Products Likely To Raise Demand from Food Industry
Competitive Landscape:
The rising health consciousness among people worldwide has increased demand for products with low calorie, low-fat content. To sustain in the highly competitive market, manufacturers of butter concentrates are developing strategies in order to promote and advertise their products. The strategies aim at boosting consumer awareness at a global level.
Some of the key players profiled in the report are Uelzena (Germany), C.P. Ingredients Ltd (Ireland), Vigor Alimentos SA (Brazil), Millenis SAS (France), Capella Flavors (United States), PLC Ingredients (Ireland), Adare Food Ingredients (India), Hoche Butter GmbH (Germany) and Koninklijke VIV Buisman B.V. (Netherlands). Additionally, following companies can also be profiled that are part of our coverage like Deutsches Milchkontor eG (Germany), Cumberland Packing Corp. (United States), Agri-Mark Inc. (United States), Molkerei Ammerland eG (Germany), O-AT-KA Milk Products (United States), First Choice Ingredients Inc. (United States) and Butter Buds Food Ingredients (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Butter Concentrate market by 2030. Considering Market by Form, the sub-segment i.e. Liquid will boost the Butter Concentrate market. Considering Market by Packaging, the sub-segment i.e. Large Carton will boost the Butter Concentrate market. Considering Market by Manufacturing Methods, the sub-segment i.e. Fat Cream Processing will boost the Butter Concentrate market.
Latest Market Insights:
In February 2018, Meadow Foods, the UK’s largest independently owned dairy group and a leading supplier of ingredients to the food industry, announces the acquisition of Roil Foods Limited. The announcement is a further step towards Meadow Foods fulfilling its strategic objective of growing the business through organic expansion
In December 2020, Butter Buds Inc., a global leader in dairy and non-dairy concentrates, announced the launch of their latest ingredient innovation, Cheese Buds 32X Cheddar. This new ingredient solution offers food and beverage formulators the same great flavor potency and versatility as Butter Buds 32X, now with a rich cheddar flavor profile.
The Food Safety and Standards Authority of India (FSSAI), under the Food Safety & Standards Act has framed standards for safety of food products. The packaging standards for dairy products are included under this are this act and are as follows. Bottling or filling of containers with heat treated milk or milk products shall be carried out mechanically and the sealing shall be carried out automatically. Sealing shall be carried out immediately after filling, by means of a sealing device which ensures that the milk product is protected from any adverse effects of external origin on its characteristics. The sealing device shall be designed such that once the container is opened, the evidence of opening remains clear and easy to check.
What Can be Explored with the Butter Concentrate Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Butter Concentrate Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Butter Concentrate
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Butter Concentrate market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Butter Concentrate market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Butter Concentrate Manufacturer, Butter Concentrate Traders/Distributors/Suppliers, Butter Concentrate Raw Material Supplier, Butter Concentrate End-User, Butter Concentrate Regulatory & Government Bodies, Butter Concentrate Downstream Vendors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.