Latin America Butter and Ghee Market was worth USD XX million in 2020 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2026. Ghee is clarified butter, but simmered longer to bring out butter's inherent nutty flavor. Traditionally made from buffalo or cow’s milk, the process of making ghee removes the water and milk fats, leaving a high-smoke point.
Ghee is derived from butter. Whereas butter contains butterfat, milk solids and water, ghee is pure butterfat cooked longer, until all moisture is removed and the milk solids are caramelized and then filtered out.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2020 – 2026 |
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Base Year |
2020 |
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Forecast Period |
2022 - 2027 |
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CAGR |
XX% |
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Segments Covered |
By Volume, and By End User |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Countries Covered |
Brazil, Mexico, and Argentina |
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Market Leaders Profiled |
Terra Food LLC, Avn Products, SEWRI Trading Company, Worldlink Entt, Mousa Al Mazim General Trading, Umang Dairies Limited, Prime Lac Supplies, and Export Company MARSHO |
The Latin America Butter and Ghee market is driven by the increasing use of the Butter and Ghee as additives and taste enhancers in a variety of dishes and delicacies. Furthermore, the wide applicability of ghee as a butter substitute in baked goods also acts as a major driver for market growth. However, rising incidents of obesity and increasing health consciousness act as restraints on market growth.
The Latin America Butter and Ghee market is segmented on the basis of volume, distribution channels and by region. On the basis of volume, the market is distributed among imports and exports. On the basis of distribution channels, the market is segmented into retail stores, supermarkets, hypermarkets and e-retailers.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The huge rise in spending in the Butter and Ghee market has increased the demand in the market. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. The availability of large customer base with rising disposable incomes is set to drive the market in the foreseeable future.
The major players operating in the Latin America Butter and Ghee industry include Terra Food LLC, Avn Products, SEWRI Trading Company, Worldlink Entt, Mousa Al Mazim General Trading, Umang Dairies Limited, Prime Lac Supplies, and Export Company MARSHO.
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