Market Size 2023 (Base Year) | USD 3.88 Billion |
Market Size 2032 (Forecast Year) | USD 9.88 Billion |
CAGR | 9.8% |
Forecast Period | 2024 - 2032 |
Historical Period | 2018 - 2023 |
According to Market Research Store, the global ghee for food industry market size was valued at around USD 3.88 billion in 2023 and is estimated to reach USD 9.88 billion by 2032, to register a CAGR of approximately 9.80% in terms of revenue during the forecast period 2024-2032.
The ghee for food industry report provides a comprehensive analysis of the market, including its size, share, growth trends, revenue details, and other crucial information regarding the target market. It also covers the drivers, restraints, opportunities, and challenges till 2032.
Global Ghee for Food Industry Market: Overview
Ghee, a clarified butter commonly used in Indian and Middle Eastern cuisines, has gained significant popularity in the global food industry due to its rich flavor, high smoking point, and various health benefits. It is made by simmering butter to separate the milk solids and water, resulting in a pure fat that is more stable for cooking and has a longer shelf life than regular butter. Ghee is especially prized for its nutritional properties, including being lactose-free and containing beneficial fatty acids, which appeal to health-conscious consumers.
In the food industry, ghee is used in cooking, frying, baking, and as a key ingredient in numerous traditional dishes, especially in the production of ethnic foods, organic products, and specialty diets like keto and paleo. Its growing acceptance as a healthier alternative to other cooking oils and fats has expanded its market.
Key Highlights
Ghee for Food Industry Market: Dynamics
Key Growth Drivers
Restraints
Opportunities
Challenges
Report Attributes | Report Details |
---|---|
Report Name | Ghee for Food Market |
Market Size in 2023 | USD 3.88 Billion |
Market Forecast in 2032 | USD 9.88 Billion |
Growth Rate | CAGR of 9.8% |
Number of Pages | 140 |
Key Companies Covered | Amul, Britania Industries Ltd., Milkfood Limited, Madhusudan Ghee, Karnataka Milk Federation, Nestle S. A., Verka, Parag Milk Foods, RSD Group, VRS Foods |
Segments Covered | By Product Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2023 |
Forecast Year | 2024 to 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Ghee for Food Industry Market: Segmentation Insights
The global ghee for food industry market is divided by type, application, and region.
Segmentation Insights by Type
Based on type, the global ghee for food industry market is divided into cow ghee and sheep ghee.
In the ghee for the food industry market, cow ghee stands as the most dominating segment. Cow ghee is widely preferred across various cuisines due to its nutritional benefits, rich flavor, and high demand in traditional and contemporary cooking. It is considered a staple in many cultures, particularly in South Asia, where it is used in a variety of dishes, from curries to desserts. Cow ghee is also promoted for its health benefits, including promoting digestion, improving immunity, and providing a good source of fat-soluble vitamins like A, D, E, and K. This segment is highly driven by the growing demand for natural and organic food products, which further strengthens cow ghee’s dominance in the market.
On the other hand, sheep ghee is a smaller segment in comparison but still holds a niche market. Sheep ghee is often used in specific regions and culinary practices, particularly in Middle Eastern and Mediterranean cuisine. It is known for its distinct flavor profile and is considered more potent and richer in comparison to cow ghee. Sheep ghee is also believed to have unique health benefits, such as being more easily digestible for some individuals and containing higher amounts of certain nutrients, such as omega-3 fatty acids and conjugated linoleic acid (CLA). However, its limited availability and higher price point compared to cow ghee make it less dominant in the global food industry market.
Segmentation Insights by Application
On the basis of application, the global ghee for food industry market is bifurcated into candy, baked goods, fried, and others.
In the ghee for the food industry market, the fried food segment is the most dominant application. Ghee is a popular cooking medium for frying due to its high smoke point, which makes it suitable for deep frying and sautéing. It imparts a rich, aromatic flavor to fried foods, which is a key reason for its widespread use in various cuisines, particularly in South Asia, the Middle East, and parts of Africa. The health-conscious trend of using natural fats, such as ghee, in frying applications also boosts the demand for this segment. Foods like pakoras, samosas, and fried rice often use ghee for frying, making this segment a significant contributor to the market.
The baked goods segment follows as a strong second in terms of demand. Ghee is increasingly used in the baking industry as a substitute for butter or margarine, especially in regions like India where it is preferred for making traditional baked goods such as pastries, cakes, and cookies. The flavor of ghee adds a distinctive richness to the products, which appeals to both consumers looking for traditional tastes and those preferring natural ingredients in baked goods. The growing trend of health-conscious baking, along with the demand for organic and traditional ingredients, continues to support the growth of this segment.
The candy segment is also a significant application of ghee, although it is less dominant compared to fried and baked goods. Ghee is used in making a variety of traditional sweets, particularly in South Asian cuisines, such as laddoos, barfis, and pedas. Ghee provides a rich and creamy texture, enhancing the flavor of these confections. Its use in candy-making is driven by the growing demand for natural and healthier sweet options, as well as the cultural importance of ghee in festive and celebratory foods.
Ghee for Food Industry Market: Regional Insights
Asia Pacific leads the global ghee market, with India being the largest producer and consumer. Ghee holds significant cultural importance in the region, deeply integrated into traditional cuisines and daily life. The market is characterized by a diverse range of ghee products, including cow and buffalo variants, catering to various consumer preferences. The increasing health consciousness among consumers has further boosted the demand for ghee, as it is perceived as a healthier alternative to other cooking fats. The presence of numerous local and international brands has intensified competition, leading to innovations and product diversification.
North America is experiencing rapid growth in the ghee market, driven by a rising interest in health and wellness products. Consumers are increasingly aware of the nutritional benefits of ghee, such as its high content of essential fatty acids and vitamins. The availability of ghee in mainstream retail channels and its recognition as a nutritious alternative to conventional cooking fats have contributed to its growing popularity. The market is witnessing the introduction of flavored and organic ghee variants, catering to the diverse preferences of health-conscious consumers. Strategic expansions by key players are further propelling market growth in the region.
Europe's ghee market is expanding, influenced by the increasing adoption of diverse culinary traditions and a growing interest in ethnic foods. The demand for ghee is rising as consumers seek authentic and traditional cooking ingredients. Health-conscious consumers are drawn to ghee for its perceived health benefits, including its high smoke point and rich nutrient profile. The market is characterized by a mix of traditional ghee producers and new entrants offering innovative products. Distribution channels are evolving, with a notable shift towards online retail platforms, making ghee more accessible to a broader consumer base.
In the Middle East, ghee is a staple in many households, integral to traditional cooking and baking. The market is influenced by cultural preferences and the demand for authentic cooking ingredients. Ghee's long shelf life and versatility in cooking applications contribute to its sustained popularity. The market is characterized by a blend of local producers and international brands, offering a variety of ghee products to cater to diverse consumer preferences. The region's strategic location as a trade hub facilitates the import and export of ghee, supporting market growth.
In Africa, ghee is traditionally used in various cuisines, particularly in East African countries. The market is influenced by cultural practices and the growing recognition of ghee's health benefits. The demand for ghee is increasing as consumers seek healthier cooking alternatives. The market is characterized by a mix of traditional ghee producers and emerging brands introducing new products to meet evolving consumer preferences. Distribution channels are expanding, with a growing presence of ghee in modern retail outlets and online platforms.
In Latin America, ghee is gaining popularity, especially among health-conscious consumers seeking alternatives to traditional cooking fats. The market is influenced by the increasing awareness of ghee's nutritional benefits and its versatility in cooking. The presence of international brands is expanding, introducing a variety of ghee products to cater to diverse consumer preferences. Distribution channels are evolving, with a notable increase in the availability of ghee in supermarkets and online retail platforms. The market is expected to continue its growth trajectory as consumer awareness and demand for healthier cooking options rise.
Recent Developments:
Ghee for Food Industry Market: Competitive Landscape
The report provides an in-depth analysis of companies operating in the ghee for food industry market, including their geographic presence, business strategies, product offerings, market share, and recent developments. This analysis helps to understand market competition.
Some of the major players in the global ghee for food industry market include:
The global ghee for food industry market is segmented as follows:
By Type
By Application
By Region
Based on statistics from the Market Research Store, the global ghee for food industry market size was projected at approximately US$ 3.88 billion in 2023. Projections indicate that the market is expected to reach around US$ 9.88 billion in revenue by 2032.
The global ghee for food industry market is expected to grow at a Compound Annual Growth Rate (CAGR) of around 9.80% during the forecast period from 2024 to 2032.
Asia Pacific is expected to dominate the global ghee for food industry market.
The global ghee for the food industry market is driven by increasing consumer demand for healthy, natural, and lactose-free products, as well as growing awareness of ghee's health benefits like high smoking points and beneficial fatty acids. Additionally, the rising popularity of ethnic and organic foods, especially in health-conscious diets, is fueling market growth.
Some of the prominent players operating in the global ghee for food industry market are; Amul, A2 Milk Company, Nestlé, D’lecta Foods, Patanjali Ayurved, Britannia Industries, Mother Dairy, Organic India, ITC Limited, GRB Dairy Foods, and others.
The global ghee for food industry market report provides a comprehensive analysis of market definitions, growth factors, opportunities, challenges, geographic trends, and competitive dynamics.
Ghee for Food Industry
Ghee for Food Industry
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