New York, NY, Aug. 03, 2018 (GLOBE NEWSWIRE) -- 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.
Browse through 20 Tables & 17 Figures spread over 110 Pages and in-depth TOC on "Global Lipolyzed Butter Fat Market: Industry Type, Size, Share, Trends and Forecast 2016 – 2022”.
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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.
North America is expected to show considerable growth in the years to come. This is mainly due to increasing health concerns among people in this region. Moreover, increasing consumption of dairy products is likely to accelerate the market growth over the forecast period.
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Europe is expected to witness significant growth owing to the increased demand for the low-fat food products, and this trend is expected to continue over the forecast period.
The Asia Pacific is anticipated to be the most potential region in terms of productive opportunities lying ahead for generating high revenue. Growing food and beverage industry in this region is likely to support the market growth in the coming years. The demand for dairy, bakery, and the confectionary product is huge due to the rising popularity of process food which is a key factor driving the market. Thus, the market for lipolyzed butter fat is benefitted.
Browse the full "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" report at https://www.zionmarketresearch.com/report/lipolyzed-butter-fat-market
The Middle East & Africa is poised to be the growth engines for lipolyzed butter fat market in the near future. The use of microbial lipase enzyme is vital in lipolyzed butter fat, hence it is considered as Halal. Approval for lipolyzed butter fat by the certifying bodies such as Halal, Kosher, etc. leads to increasing demand for the product among the Muslim population countries including GCC countries, Israel, etc. This, in turn, leads to the relatively high growth of lipolyzed butter fat market in the Middle East and Africa over the forecast period.
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The report also includes detailed profiles of key players such as Cargill Inc., Dairyland Laboratories Inc., Flavorjen Group, Shanghai Fuxin Fine Chemical Co., Ltd., and others. The parameters included in the detailed description of players are company overview, business strategies, financial overview, and recent developments of the company.
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This report segments the global lipolyzed butter fat market as follows:
Global Lipolyzed butter fat Market: Type Segment Analysis
Global Lipolyzed butter fat Market: Regional Segment Analysis
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