According to the latest report by IMARC Group, titled “Ghee Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” offers a comprehensive analysis of the industry, which comprises insights on the global global ghee market forecast. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global ghee market size reached US$ 52.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 90.5 Billion by 2032, exhibiting a growth rate (CAGR) of 6% during 2024-2032.
Ghee Market Overview:
Ghee is a clarified butter originating from the Indian subcontinent and is widely used in South Asian and Middle Eastern cuisines, traditional medicine, and religious rituals. It is made by melting regular butter and then simmering it until all water evaporates and the milk solids settle at the bottom, which is then removed. This process gives ghee a higher smoke point than regular butter, making it suitable for frying and sautéing. Ghee can vary in flavor, color, and consistency depending on the butter quality used and the boiling duration. Ghee is valued both for its nutritional benefits and its culinary uses. It is rich in vitamins A, D, E, and K, and is considered beneficial for digestion, reducing inflammation, and enhancing the immune system.
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Global Ghee Market Trends:
The global market is primarily driven by the increasing health consciousness among consumers, as it is perceived as a healthier alternative to oils and traditional butters. Additionally, Its high smoke point makes it ideal for various cooking techniques, which is appealing to both home cooks and professional chefs globally. Additionally, the growing Indian and South Asian diaspora has led to an increase in demand for authentic ethnic foods, further bolstering the market. Moreover, the shifting trends towards natural and sustainable products have also seen a shift towards organic ghee varieties, which are free from additives and preservatives, meeting the consumer demand for clean-label products, thus creating a positive market outlook. Furthermore, the continual innovations in packaging and marketing strategies appeal to a broader audience, emphasizing ghee’s traditional roots and modern health benefits which is further impelling market growth.
Competitive Landscape with Key Players:
- SMC Group – Madhusudan Group
- Amul (Anand Milk Union Limited)
- KMF (Karnataka Milk Federation)
- VRS Foods
- Nestle
- RSD Group (Gopaljee)
Key Market Segmentation:
Breakup by Source:
- Cow
- Buffalo
- Mixed
Breakup by End User:
- Retail
- Institutional
Breakup by Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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