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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Butter Market Share
Culinary globalisation has led to the fusion of flavours and ingredients from around the world. Butter has become a canvas for these global inspirations, with manufacturers and chefs experimenting with flavours that reflect diverse cuisines. Hence, one of the major global butter market trends is the growing addition of spices, herbs, and even unconventional ingredients like seaweed and truffles in dairy products.
According to the global butter market analysis, the food retail sector is experiencing rapid growth, due to its wide presence. These channels serve as a solid foundation for the sale of packaged butter. The segment has witnessed substantial expansion in recent times due to the surge in home-based cooking and baking endeavours.
Butter Market Report Snapshots
*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
In 2023, the market reached an approximate value of USD 49.43 billion.
The global butter market is assessed to grow at a CAGR of 3.20% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 65.67 billion by 2032.
The market is guided by the shifting consumer preference towards organic products and the high demand for the product from retail outlets.
The growth of the market is propelled by the globalisation of cuisines and the increasing demand for packaged butter.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The different distribution channels for the product include supermarkets/hypermarkets, convenience stores, and online, among others.
The market's key players are Lactalis International, Land O’Lakes, Inc., Fonterra Co-operative Group Limited, Royal FrieslandCampina N.V., Arla Foods amba, Gujarat Co-operative Milk Marketing Federation Ltd (AMUL), Dairy Farmers of America, Inc., Müller Group, Ornua Co-operative Limited, Organic Valley, and Meadow Foods Limited, among others.
Based on the usage, the market is divided into spreadable and non-spreadable.
Based on the type, the market is divided into salted butter and unsalted butter.
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India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124