Market Overview
The Ghee for Food Industry market size is projected to reach approximately USD XX billion by 2030, at a CAGR of X % from 2022 to 2030. 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.
COVID-19 Impact Analysis
Ghee for the food industry was not affected much due to Covid-19. However, due to Covid-19, there was a complete lockdown and there was a lot of loss of life and property. But the food industry almost remained operational. Apart from this, due to Covid-19, it affected the demand of the people as their income was reduced.
Market Dynamics
The industrial application of ghee is expected to retain a significant share of the global ghee market. The growing number of traditional restaurants around the world is expected to boost demand for ghee in hotels and restaurants. The distinctive taste and aroma of ghee, as well as the high smoke point, are among the main factors in the use of ghee in restaurants and hotels.
Drivers
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.
Ghee For Food Industry 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.
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.
Regional Analysis
Based on region, the Ghee for Food Industry Market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific is projected to dominate the use of the Ghee in the Food Industry Market followed by the North America and Europe region.
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.
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 market comprises tier-1, tier-2, and local players. With their wide product portfolios, tier-1 and tier-2 players have a global reach. Because of their strategic innovations and broad regional presence, companies such as Creative Group Amul, Britania Industries Ltd., Milkfood Limited, Madhusudan Ghee, Karnataka Milk Federation, Nestle S. A., Verka, Parag Milk Foods, RSD Group, VRS Foods, and Others, to increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as growth, product releases, and alliances.
Prominent Players:
- Gujarat Cooperative Milk Marketing Federation Ltd. (Amul)
- Britannia Industries
- Milkfood Limited
- Nestlé S.A
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
Ghee For Food Industry Market, by Type
- Cow ghee
- Buffalo ghee
- Others
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
- Rest of Europe
- The Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia Pacific
- Rest of the World
| Parameters | Indicators |
|---|---|
| Market Size | 2030: $ XX Billion |
| CAGR | X % CAGR (2022-2030) |
| Base year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| 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 | Creative Group Amul, Britania Industries Ltd., Milkfood Limited, Nestle S.A, and others |
| 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 Ghee For Food Industry market trends and opportunities
Detailed analysis of current market drivers, restraining factors, and opportunities in the future
Ghee For Food Industry market historical market size for the year 2020, and forecast from 2021 to 2028
Ghee For Food Industry market share analysis at each product level
Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
Identifies key strategies adopted including product 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 financial health of the company past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
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Ghee For Food Industry Market FAQs
What is the study period of this market?
The study period of the ghee for the food industry market is 2020 – 2030
What is the growth rate of ghee for the food industry market?
The ghee for food industry market is growing at a CAGR of ~ 26.6% over the next 7 years
Which region has the highest growth rate in the ghee for food industry market?
Asia Pacific is expected to register the highest CAGR during 2022 – 2030
Which region has the largest share in the ghee for food industry market?
North America holds the largest share in 2021
Who are the key players in the ghee for food industry market?
Creative Group Amul, Britania Industries Ltd., Milkfood Limited, Nestle S.A, are the major companies operating in the global Ghee for Food Industry market.
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