The expansion of the global milk fat and oil industry is forecast to reach 8.2% p.a. in the coming years. Market size of the global milk fat increased with an average annual growth of 6.3% between 2007 and 2013. In the current market situation, butter covers the largest part of the world market accounting for 71.8% of the demand while the remaining market share is divided between dairy spreads (4.2%), and other milk fats and oils (24.0%).
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