Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9329.7 million | USD 11535.22 million | 3.6% | 2021 |
The global lipolyzed butter fat market was worth around USD 9329.7 million in 2021 and is estimated to grow to about USD 11535.22876 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.6 percent over the forecast period.
The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.
In order to impart flavor to dairy, bread, and confectionery items, lipolyzed butter fat is obtained by breaking butter fat with the help of a microbial lipase enzyme. This result is a yellowish creamy liquid with a milk fat odor typical of enzymolysis. In lipolyzed butter fat, the use of microbial lipase protein is essential. The use of lipolyzed butter fat in food is growing, especially in countries like Israel and the Gulf Cooperation Council. Aside from that, increased health awareness among consumers, as well as a variety of product applications observed across the food industry, are likely to propel the lipolyzed butter fat market forward in the coming years. The global market for lipolyzed butter fat is expected to grow in the near future.
Lipolyzed Butter Fat is lower in fat and higher in nutrients than ordinary butterfat. Lipolyzed Butter Fat is commonly used in the manufacture of nutritional foods and health supplements that include lipolyzed milk products as a key ingredient. The rise in demand for Lipolyzed Butter Fat in the United States is attributed to a growing preference for health supplements paired with a desire for nutritious foods. In addition, in response to consumer demand for oil with little or no fats, the cosmetics industry has increased its use of Lipolyzed Butter Fat.
The COVID-19 epidemic has a huge impact on the market for lipolyzed butter fat. Industrial units and supply networks have been impacted by the pandemic. In addition, because the pandemic has had such a negative impact on businesses, demand for Lipolyzed Butter Fat is expected to decline during the projected period. On the other hand, the decline in demand is projected to be temporary, and the market will recover. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the outbreak.
Lipolyzed butter fat is a yellowish creamy liquid, which possesses a typical enzymolysis milk fat odor. The product is used in bakery products, confectionaries, and dairy products, etc. Lipolyzed butter fat is obtained by breaking butter fat by using microbial lipase enzyme in order to provide flavor to the dairy, bakery, and confectionary products. The usage of microbial lipase enzyme in the lipolyzed butter fat makes it a halal product as it is certified by the Halal or Kosher. The consumption of the lipolyzed fat is increasing in the food products especially in the countries such as Israel.
The microeconomic factors driving the global lipolyzed butter fat market include growing food and beverages industry and growing demand for products such as dairy, confectionary, and bakery, etc. Companies manufacturing lipolyzed butter fat products have potential opportunities in regions such as Asia Pacific, North America, and Europe, owing to rapidly growing demand for low-fat food products, and this trend is anticipated to continue during the forecast period. Companies have a considerable opportunity in the global lipolyzed butter fat market through association with end-users, for instance, food and beverages manufacturers.
The global lipolyzed butter fat market is segregated based on end-user and product.
By End-user, the market is classified into Dairy - yogurt, ice-cream, Confectionaries, Bakery - cakes, bread, muffins, and Others such as fats, snacks, oils, and cereals. Due to strong demand for the component in goods such as ice cream, yoghurt, and other frozen dairy products, the dairy segment accounts for a large value share in the global lipolyzed butter fat market over the forecast period. Due to the increasing expansion of low-fat bakery products such as cakes, muffins, pizza, and breads, the bakery category is followed by the dairy segment.
By Product, the market is classified into Dairy, Ice-cream, Yogurt, Others, Bakery, Breads, Cakes, Muffins, and Others. The dairy sub-segment contributes for significant value share over the forecast period in the global lipolyzed butter fat market. It includes products such as ice cream, and yogurt. The bakery segment is followed by the dairy segment attributed to the rapid growth the low-fat bakery products including cakes, muffins, pizza, breads, etc.
Report Attributes | Report Details |
---|---|
Report Name | Lipolyzed Butter Fat Market Research Report |
Market Size in 2023 | USD 9329.7 million |
Market Forecast in 2032 | USD 11535.22 million |
Growth Rate | CAGR of 3.6% |
Number of Pages | 218 |
Key Companies Covered | Cargill Inc., Dairyland Laboratories Inc., Flavorjen Group, and Shanghai Fuxin Fine Chemical Co., Ltd |
Segments Covered | By Product, By End-User and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2021 |
Historical Year | 2016 to 2020 |
Forecast Year | 2022 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
During the forecast period, North America is expected to be the most dominant region. Through marketing investigation instruments and solid foundations of existence, it will exhibit significant growth in the time allotted. Because of the growing population and the high per capita income of the customers, the item's consumption is increasing. Due to the relatively high demand for lipolyzed butter fat from the food and beverage industry, the Asia Pacific area is expected to show strong potential for growth in terms of both revenue and opportunity for vendors. Countries like India, China, and ASEAN are likely to grow substantially in the regional market in the next years. Furthermore, while the company's global expansion accounts for a substantial percentage of the Lipolyzed Butter Fat market, regions like as the Middle East and Africa will continue to develop progressively.
Some of the main competitors dominating the global lipolyzed butter fat market include -
By End-User
By Product
By Region
FrequentlyAsked Questions
The Cosmetics industry has boosted its use of Lipolyzed Butter Fat in response to consumer demand for oil with little or no fats. Lipolyzed Butter Fat is the key ingredient of a new line of cosmetics known as 'Halal Cosmetics.'
According to the Market Research report, the global lipolyzed butter fat market was worth around USD 9329.7 million in 2021 and is estimated to grow to about USD 11535.22876 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.6 percent over the forecast period.
During the forecast period, North America is expected to be the most dominant region. Through marketing investigation instruments and solid foundations of existence, it will exhibit significant growth in the time allotted. Because of the growing population and the high per capita income of the customers, the item's consumption is increasing. Due to the relatively high demand for lipolyzed butter fat from the food and beverage industry, the Asia Pacific area is expected to show strong potential for growth in terms of both revenue and opportunity for vendors.
Some of the main competitors dominating the global private hospital market include - Cargill Inc., Dairyland Laboratories Inc., Flavorjen Group, and Shanghai Fuxin Fine Chemical Co. Ltd.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed