Butter and Ghee Market New Trends and Development Forecast 2019-2024
Added: (Tue Oct 01 2019)
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Butter and Ghee Market Overview:
Butter and ghee market was valued USD xx billion in 2018 and expected to be growing at a CAGR of xx%, to reach USD xx billion by 2023. Ghee is clarifies butter, but simmered longer to bring out butter’s inherent nutty flavor. Conventionally made from buffalo or cow’s milk, the process of making ghee removes the water and milk fats, leaving a high-smoke point. Ghee is derived from butter. Whereas, butter contains butterfat, milk solids and water, ghee is pure butterfat cooked longer, until all moisture is removed and the milk solids are caramelized and then filtered out.
Market drivers and restraints:
The expansion of the world major butter and ghee market is driven by the rising employment of the butter and ghee as additives and taste enhancers in a variety of dishes and delicacies. Moreover, the wide applicability of ghee as a butter alternative in baked goods also acts as a key driver for market expansion. Nevertheless, increasing incidents of obesity and rising health consciousness act as restraints on market expansion.
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Report segmented as:
By distribution channels:
On the basis of geography, the global butter and ghee market can be segregated into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. In 2015, North America dominated the world butter and ghee market in terms of market share. The market for these butter and ghee in Asia Pacific area is growing because of more and more consumption. The Asia Pacific and other growing nations are expected to develop at a fast pace in the Butter and Ghee market in the coming years when compared with the seasoned markets of developed regions.
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Important market players:
The key players operating in the global butter and ghee market are terra food LLC, avn products, SEWRI trading company, worldlink entt, mousa al mazim general trading, umang dairies limited, prime lac supplies, and export company MARSHO.
The Scope of the report:
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