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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Australia Butter Market Outlook
The Australia butter market size reached USD 783.41 million in 2023. The market is expected to grow at a CAGR of 4.67% between 2024 and 2032, reaching almost USD 1,158.22 million by 2032.
Key Takeaways:
- According to Australian Bureau of Statistics, Australian cities witnessed a population growth of 2,05,400 people, in 2021-2022.
- As per USDA, milk production is expected to grow by 0.6% in 2024 and will reach 8.50 MMT.
- Further, in 2024, milk consumption for factory use is expected to reach 5.847 MMT.
Growing health concern among consumers, introduction of healthier butter options, along with growing e-commerce sector, is expected to drive the Australia butter market
The growth in the Australia butter market can be attributed primarily to a rising focus on health. Consumers have become more aware of the potential benefits of butter in moderation as part of a balanced diet. Coupled with the introduction of healthier options like low-fat, low-calorie, and low-cholesterol varieties, it attracts a wide range of customers, particularly health-conscious individuals and fitness enthusiasts. This trend of embracing healthier butter is expected to aid in the butter market growth in Australia in the coming years.
Further, a rising middle class with more disposable income, driven by urbanization trends, is fuelling consumer spending. Additionally, innovative products and eye-catching packaging are expected to keep the demand fresh, ensuring a rising demand for the Australia butter market.
Australia's booming e-commerce sector, fuelled by high smartphone use and better internet, is driving butter sales online. Butter makers are capitalizing on this trend by selling directly through their websites and via popular online marketplaces, making it easier than ever for consumers to get their favorite brands delivered straight to their doors.
Market Segmentation
Australia Butter Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Cultured Butter
- Whipped Butter
- Salted Butter
- Uncultured Butter
- Others
Market Breakup by Nature
- Organic
- Conventional
Market Breakup by Form
- Spreadable
- Non-Spreadable
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia butter market key players are Richmond Dairies Pty Ltd., Arla Foods amba (Lupak), Saputo Dairy Australia Pty Ltd., Ballantyne, Fonterra Brands (Australia) Pty Ltd., Bega Cheese Limited, and Crumble Pty Ltd. (Pepe Saya), among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Nature |
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| Breakup by Form |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 783.41 million in 2023.
The market is projected to grow at a CAGR of 4.67% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 1,158.22 million in 2032.
The market is categorised according to type, which includes cultured butter, whipped butter, salted butter, uncultured butter, and others.
The key players are Richmond Dairies Pty Ltd., Arla Foods amba (Lupak), Saputo Dairy Australia Pty Ltd., Ballantyne, Fonterra Brands (Australia) Pty Ltd., Bega Cheese Limited, and Crumble Pty Ltd. (Pepe Saya), among others.
Based on the nature, the market is divided into organic and conventional.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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