Global demand for milk fats and oils is forecast to expand 8.2% p.a. between 2014 – 2018. Albania, China, Russia, Turkey, and the United States are considered the highest potential markets in the coming years.
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global milk fat and oil industry is forecast to reach 8.2% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 6.3%. Currently, butter cover the largest part of the world market accounting for 71.8% of the demand while the remaining market share is divided between dairy spreads (4.2%), and other milk fats and oils (24.0%).
China, France, Germany, Russia, and the United States represent the largest milk fat and oil markets while the strongest annual growth is forecast to occur in Albania (29.3%), Morocco (18.0%), Israel (16.5%), South Korea (15.7%), and Poland (15.2%).
Milk fat and oil market size compared to market growth in different countries
Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential milk fat and oil markets in the coming years are:
Ranking Country Market Potential Rate
1. United States 0.35
2. Albania 0.29
3. China 0.26
4. Russia 0.23
5. Turkey 0.22
6. Morocco 0.21
7. Germany 0.19
8. Poland 0.18
9. France 0.18
10. South Korea 0.18
11. Israel 0.17
12. Denmark 0.16
13. Vietnam 0.15
14. Panama 0.15
15. Egypt 0.15
16. United Kingdom 0.15
17. Italy 0.14
18. India 0.14
19. Belgium 0.14
20. Hungary 0.14
The leading players on the global milk fat and oil market are considered to be companies like AB Kelmes pienine, Ab Mauri Foods (Shanghai) Co., Ltd., Agno SA, Agrofirma Novomaryasovo Oao, Arla Ingman Oy Ab, Arrabawn Cooperative Society Ltd, Ars Sut Urunleri Sanayi Ve Dis Ticaret Ltd Sti, AS Saaremaa Piimatööstus, Auðhumla svf, Barbosa & Marques S.A., Barryroe Co-Operative, Beuralia SAS, Brookside Dairy Limited, Butterball Farms Inc, Compagnie Laitière Européenne SA, Consorzio Latterie Virgilio s.a.c., Cooperative Laitière Ploudaniel SCA, Corman, CremerÃa Americana, S.A. de C.V., Darigold, Elvir SAS, F&N Foods Pte Ltd, Feiraco, Sociedad Cooperativa Gallega, Frieslandcampina, Grupo Industrial Lala, S.A. de C.V., Guney Sut Sanayi Ve Gida Maddeleri Ticaret A S, Heinrichsthaler Milchwerke GmbH, Hohenloher Molkerei eG, Irish Dairy Board Co-operative Ltd, Isigny-Sainte Mère SCA, J Bauer GmbH & Co KG, Khladokombinat # 3 Ooo, Kolhapur Zilla Sahakari Dudh Utpadak Sangh Limited, Kraft Foods, Krasagromol Oao, Laiterie Chalifoux et Les Fromages Riviera Inc, Land O'Lakes, Inc., Latteria Soresina Scrl, Loostdorf, Lotte Food Co Ltd, Lpk Ooo, LRG Groupe SA, Maslo-Del Too, Maslokombinat Chanovski Oao, Maslosyrbaza Engelsskaya Ooo, Meggle AG, Milchwerk Jäger GmbH, Molochny Zavod Orlovski Oao, Molprom Ooo, Msz Koshkinski Oao, Noal S.A., Norrmejerier Ek För, Omira Oberland-Milchverwertung GmbH, Rosekspoprom Zao, sanotact GmbH, Saputa Cheese USA Inc, Schreiber Foods, Inc., Scotsburn Co-operative Services Limited, Shandong Beike Hanbang Biological Engineering Co., Ltd., Shebekinski Maslozavod Oao, Shelf 2000 Ooo, SHOEI FOODS CORPORATION, Skhpk Churapcha, Smith's Dairy Cc, Société Beurrière de Retiers SNC, Société Beurrière d'Isigny SNC, Som Oao, South Caernarfon Creameries Ltd., Spóldzielnia Mleczarska w Gostyniu, Teksut Sut Mamulleri Sanayi Ve Ticaret A S, TINE Meieriet Vest BA, Tipperary Co-operative Creamery Ltd, Triskalia SCA, Uelzena eG, United Foods Company (psc), Warrnambool Cheese and Butter Factory Company Holdings Limited, Victor Guedes-Industria e Comercio, S.A., Zaklady Mleczarskie Laktopol A Sp Z O O W Losicach, Zavod Molochny Verkhnemamonski Oao.
The market information is based on new industry reports recently published by Global Research & Data Services. The publications offer the most up-to-date perspective on the the actual market situation, trends, leading companies, and future outlook for milk fats and oils in the world and individually for the following countries: Albania, Argentina, Armenia, Australia, Austria, Azerbaijan, Belgium, Bolivia, Botswana, Bulgaria, Canada, Chile, China, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Ghana, Greece, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Kyrgyzstan, Latvia, Lebanon, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Morocco, Netherlands, New Zealand, Norway, Oman, Pakistan, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Romania, Russia, Rwanda, Senegal, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Tanzania, Thailand, Turkey, Ukraine, United Kingdom, United States, Uruguay, and Vietnam
The studies include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other industry professionals looking for key market insights in a readily accessible and clearly presented format.
The market studies help identify:
- What is the size of the global milk fat and oil market?
- What is the size of the milk fat and oil market in different countries around the world?
- How are the markets divided into different product segments?
- Which products are growing fast?
- How have the markets been developing?
- What does the future look like?
- What is the market potential?
- Which major companies are operating in the market?
Product segments analyzed in the studies:
Butter
Dairy spreads
Other milk oils and fats
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