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Written by Ravinder » Updated on: November 19th, 2024
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 ghee market. 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, a clarified form of butter, is a staple in many culinary traditions worldwide. It is produced by simmering butter to remove water content and milk solids, leaving behind a golden, flavorful, and highly aromatic fat. With a rich, nutty taste, ghee is prized for its high smoke point, making it suitable for cooking, frying, and sautéing without the risk of burning. Apart from its culinary uses, ghee holds cultural significance in various cuisines, often considered a symbol of purity and used in religious ceremonies. Additionally, it is appreciated for potential health benefits, such as providing essential fatty acids and being lactose-free, making it a popular choice for those with dairy sensitivities.
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Global Ghee Market Trends:
The global market is majorly driven by changing consumer preferences and an increased focus on health and wellness. Furthermore, there is a rising demand for natural and traditional ingredients, with consumers appreciating ghee as a pure and authentic option. Its association with traditional culinary practices and cultural significance contributes to its popularity. Besides, the trend towards healthier fats has fueled the growth of the ghee market. Ghee is valued for its composition of clarified butter, which is free from lactose and casein, and its potential health benefits. It contains healthy saturated fats, vitamins, and antioxidants, making it an attractive alternative to other cooking oils. Moreover, the growing awareness of lactose intolerance and dairy sensitivities has driven consumers to seek lactose-free alternatives. Ghee, with its minimal lactose content due to the clarification process, addresses this demand. Additionally, the culinary versatility of ghee is another significant factor. Its high smoke point makes it ideal for cooking, frying, and sautéing without producing harmful compounds, appealing to health-conscious consumers looking for cooking oils with stability at high temperatures.
Key Market Segmentation:
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Competitive Landscape with Key Players:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.
Key Highlights of the Report:
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.
Who we are:
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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