Global Ghee For Food Industry Market Analysis and Global Forecast 2021-2034

Global Ghee For Food Industry Market Overview

The Global Ghee For Food Industry Market size accounted for USD 51.03 Billion in 2023 and is estimated to account for 53.25 Billion in 2024. The Market is expected to reach USD 91.25 Billion by 2034 growing at a compound annual growth rate (CAGR) of 6.02% from 2024 to 2034. Ghee is the pure fat that remains after the milk solids and water have been removed from butter. It is a rich source of protein, vitamins, carbohydrates, calcium, iron, and omega-3 fatty acids. It improves brain and heart health and helps treat inflammation and many diseases. It also strengthens the immune system, promotes intestinal motility, and prevents chronic cough and eye diseases.

Removal of lean solids from ghee results in a lactose-free dairy product. Ghee is a traditional dairy product of the Middle East and Asia, especially in India, which is very widely used in Ayurvedic medicine. However, in recent years, the use and consumption of ghee have increased worldwide.

Global Ghee For Food Industry Market Synopsis

Global Ghee For Food Industry Market Dynamics

The major factors that have impacted the growth of Global Ghee For Food Industry are as follows:

Drivers:

Ø  The growing popularity of ghee for its unique taste and factors that it contains

The growing popularity of Ghee around the world is expected to stimulate the Ghee for Food Industry market due to its unique taste and aroma. Ghee is a carrier of fat-soluble vitamins, including A, D, E, and K, which are essential for the human body and perform many basic functions. Similarly, the oil contains essential fatty acids that the body cannot synthesize. Growing consumer demand for refined fats is expected to drive the Ghee For Food Industry market. Ghee has a high smoke point, making it easy to use for frying, baking, and frying. Ghee improves the quality and taste of food, giving it a unique flavor. Ghee has the highest flash point of all oils and is very difficult to burn. This may be a favorable factor for the growth of the market. Ghee is one of the largest sources of CLA and also contains essential fatty acids. Moderate consumption of conjugated linoleic acids will help to lose fat, maintain weight and maintain muscle mass, which is expected to increase the demand for ghee in the forecasting period.

Restraint:

• The high price of and consumer shift low–fat diet.

Ghee, which is expensive compared to traditional vegetable oil, is expected to hold back the market. Increasing consumer shifts to vegan and low-fat diets are expected to limit market growth in the coming years.

Opportunity:

⮚      Growing Awareness of the Benefits of Ghee

Ghee is recommended as a healthy food in gyms, yoga centers, and doctors. In addition, the growing popularity of ghee as a superfood is expected to bring ghee to the attention of consumers and dairy producers. Ghee players are starting to innovate and launch new products to increase their presence in the market.

Some of the health benefits associated with eating ghee are known to reduce weight, improve digestion and vision, reduce inflammation, strengthen the immune system and bones, treat coughs, relieve constipation, and treat thyroid dysfunction. In addition, we plan to increase the production of ghee by increasing the production of milk (raw material for ghee) worldwide.

Global Ghee For Food Industry Segment Overview

By Type

Based on the Type, the Ghee for the Food Industry market is segmented based on Cow ghee, Buffalo ghee, and Others. Cow ghee has lower fat content than buffalo ghee, which is expected to increase demand for Cow ghee. Consuming cow ghee in moderation can help to control weight and maintain heart health. Cow ghee is a rich source of calcium, vitamins, and protein, which is expected to boost the demand for Cow ghee.

By Application

Based on the Application, the Ghee for Food Industry Market has been divided into Industrial and Household. The increasing number of traditional restaurants worldwide plans to enhance the need for Ghee for unique hotels and restaurants and flavors provided by ghee and high smoking points These are some key factors that are attributed to the increased use of ghee in many different restaurants and hotels.

Global Ghee For Food Industry Market Regional Analysis

Based on region, the global Global Ghee For Food Industry market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to dominate the use of the Global Ghee For Food Industry market followed by the Asia-Pacific and Europe regions.

Global Ghee For Food Industry North America Market

North America is expected to experience steady growth in the Ghee for Food Industry market. Growing demand for healthy foods and good fats among Americans is expected to benefit from the sale of buffalo buttermilk in the region. Increasing awareness about health and wellness among Americans is expected to drive the market further. The ease of product availability on various e-commerce platforms is also expected to boost dairy sales in the region.

Global Ghee For Food Industry Asia-Pacific Market

Asia-Pacific is expected to hold the largest share of the Ghee for Food Industry market due to its abundant milk production. Asia-Pacific is anticipated to be one of the fastest-growing regions in terms of CAGR. The presence of well-known companies in the market along with the ease of product availability is expected to boost the market in the region.

Competitive Landscape

The global Global Ghee For Food Industry market is highly competitive, with numerous players offering a wide range of software solutions. The competitive landscape is characterized by the presence of established companies, as well as emerging startups and niche players. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as Typelaunches, and strategic alliances.

Prominent Players:

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

Key Development

In September 2019, Amul announced the launch of dairy, milk, ghee, and other items in smaller pack sizes to meet rural demand.

In February 2019, Mother Dairy Fruit & Vegetable Pvt. Ltd., announced the launch of Khaanti Ghee, a traditional East Indian Delicacy, for consumers across the city of Kolkata

Scope of the Report

Global Ghee For Food Industry Market, by Type

• Cow ghee
• Buffalo ghee
• Others

Global Ghee For Food Industry Market, by Application

• Industrial
• Household

Global Ghee For Food Industry Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Indonesia
  • Austalia
  • Malaysia
  • India
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

 

Parameters	Indicators
Market Size	2033: $91.25 Billion
CAGR	6.02% CAGR (2023-2033)
Base year	2022
Forecast Period	2023-2033
Historical Data	2021
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Type, Application
Geographies Covered	North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors	Gujarat Cooperative Milk Marketing Federation Ltd. (Amul), Britannia Industries, Milkfood Limited, Nestlé S.A
Key Market Opportunities	• Growing Awareness of the benefits of Ghee
Key Market Drivers	• The growing popularity of ghee for its unique taste and factors that it contains

 

REPORT CONTENT BRIEF:

• High-level analysis of the current and future Global Ghee For Food Industry market trends and opportunities
• Detailed analysis of current market drivers, restraining factors, and opportunities in the future
• Global Ghee For Food Industry market historical market size for the year 2022, and forecast from 2021 to 2034
• Global Ghee For Food Industry market share analysis at each Type level
• Competitor analysis with detailed insight into its Type segment, Government & Defense strength, and strategies adopted.
• Identifies key strategies adopted including Type launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
• To identify and understand the various factors involved in the Global Ghee For Food Industry market affected by the pandemic
• To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, Type offering, recent developments, SWOT analysis, and key strategies.