Zion Market Research has published a new report titled “Lipolyzed Butter Fat Market by End-Use Type (Dairy [Ice-Cream, Yogurt, and Others), Confectionaries, Bakery (Breads, Cakes, Muffins, and Others), and Others (Fats, Snacks, Oils, and Cereals): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, the global lipolyzed butter fat market was valued at around USD 8.4 billion in 2017 and is expected to reach approximately USD 11.7 billion by 2024, growing at a CAGR of around 3.9% between 2018 and 2024.
Lipolyzed butter fat finds its main application in dairy products, bakery products, confectionaries, etc. Lipolyzed butter fat is obtained by breaking butter fat with the help of microbial lipase enzyme in order to provide flavor to the dairy, bakery, and confectionary products. This product is a yellowish creamy liquid, which has a typical enzymolysis milk fat odor. Moreover, 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 global lipolyzed butter fat market is expected to witness robust growth in the near future. Some of the key factors driving the global lipolyzed butter fat market include growing food and beverages industry and high demand for products such as dairy, confectionary, bakery, etc. Lipolyzed butter fat market is categorized on the basis of end-use type. Based on the end-user type, lipolyzed butter fat market is classified into dairy, confectionaries, bakery, and others such as fats, snacks, oils, and cereals. The dairy segment is sub-segmented into yogurt, ice-cream, and others. The market is mainly driven by people who are concerned about their health as well as it has wide application in the food industry.
By geography, lipolyzed butter fat market finds its scope in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Manufacturers of lipolyzed butter fat products can find potential opportunities in regions such as Asia Pacific, North America, and Europe, owing to increasing health awareness coupled with growing consumption of low-fat diet, and the same trend is anticipated to continue during the forecast period. There is a considerable opportunity for companies in the global lipolyzed butter fat market through association with end-users such as beverages and food manufacturers. The market is mainly driven by increased population, rising disposable income, and growing demand for ready-to-eat foods; owing to which, the lipolyzed butter fat market is projected to grow at the highest rate in countries such as India, China, and ASEAN countries.
Major KeyPlyers –
- Cargill Inc.
- Dairyland Laboratories Inc.
- Flavorjen Group
- Shanghai Fuxin Fine Chemical Co., Ltd.,
The parameters included in the detailed description of players are company overview, business strategies, financial overview, and recent developments of the company.
This report segments the global lipolyzed butter fat market as follows:
Global Lipolyzed butter fat Market: Type Segment Analysis
- Others (Oils, Fats, Cereals, Snacks, etc.)
Global Lipolyzed butter fat Market: Regional Segment Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa