Butter Market
Butter Market Size, Share, and Trends Analysis Report by Type (Salted, Unsalted, and Others), by Product Type (Clarified Butter, Regular Butter, and whipped Butter), and by Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, and Online Retail) Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Butter market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2023–2030).The market's growth is attributed to factors such as rising consumer demand in the globe. Consumers are demanding a wider range of varieties in butter and quality-based products such as unsalted butter, salted butter, sweet cream butter, and cultured butter. This influenced the manufacturer to concentrate on developing new and unique butter flavours. For instance, in March 2023, Land O’Lakes launched a limited-time everything-bagel-flavored butter spread called Land O Lakes® Every Little Thing™ Butter Spread. This butter spread will be available globally exclusively in Aldi stores.
Segmental Outlook
The butter market is segmented based on type, product type, and distribution channel. Based on the type, the market is segmented into salted, unsalted, and others (sweet cream butter, and flavoured butter). Based on product type, the market is segmented into clarified butter, regular butter, and whipped butter. Further, based on distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, and online retail. Among the type, the others include flavoured butter sub-segment is estimated to contribute to the growing demand for flavoured butters are a new choice for consumers looking for time savers in their everyday cooking. Butters flavoured with rich ingredients such as garlic, herbs, or fresh citrus flavourings have the potential to be popular. honey and butter have traditionally been combined in a sweet spread. For instance, in July 2022, Challenge Butter, launched challenge butter snack spreads. The new spreads make a variety of favourite sweet and savory flavor profiles, ranging from chocolate and salted caramel to everything and buffalo, available in a Challenge Butter-based spread.
The Regular Butter Sub-Segment is Anticipated to Hold a Prominent Share of the Global Butter Market
Among the type, the regular butter sub-segment is expected to hold a prominent share of the global butter market due to butter demand is increasing in the food service industry as fast food consumption rises. Nowadays, restaurants are making menu changes due to increasing demand for the butter mainly fast food is more consumed by the majority of the youngsters and working-class age group. Due to butter is frequently used for frying and flavouring a variety of fast food products, the growing trend of fast food consumption gained a major effect on the butter industry. For Instance McDonald’s last year switched out of liquid margarine to butter on the Egg McMuffin. Maloni of the American Restaurant Association estimated last year’s shift to butter by McDonald’s increased the globally annual butter consumption by around 20 million pounds, or about 1% of total global/production.
Regional Outlooks
The global butter market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, North America region is anticipated to grow at a significant rate over the forecast period.
Global Butter Market Growth, by Region, 2023-2030
The Asia-Pacific region is expected to hold a prominent share of the global butter market.
The Asia-Pacific region is expected to hold a prominent share in the brown rice market, owing to the increasing demand for the consumption of butter in the country. According to Statista total domestic consumption volume of butter was 6.49 million metric tons in India. This was an increase as compared to the previous year when the consumption volume was 6.29 million metric tons. India is the largest milk producer in the globe, and butter is one of the major dairy products produced in the country. India's major butter-producing states include Gujarat, Maharashtra, Punjab, and Haryana. The Indian government additionally makes significant investments in the dairy sector, that will increase production and improve butter quality. Furthermore, technological advancements and the increasing availability of modern machinery will increase butter production efficiency and reduce costs. As a result, butter production in India is expected to remain significant and grow.
Market players' outlook
The major companies serving the global video-on-demand market include Anand Milk Union Ltd (Amul), Anchor Butter, Arla Foods amba, Clover-Stornetta Farms, Inc, Dairy Farmers of America Inc ,and others. The market players are considerably contributing to market growth through the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2022, Dairy's organic butter, announced the Majestic butter is available in both unsalted and salted forms. It is sold in packages of four wrapped sticks weighing 4 ounces each and has an estimated retail price of $7.99.
The report covers.
- Market value data analysis for 2022 and forecast to 2030.
- Annualised market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions
- Key companies operating in the global butter market Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Anand Milk Union Ltd (Amul)
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Fonterra Co-operative Group Ltd
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Nestle India Ltd.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Development
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Butter Market by Type
4.1.1. Salted
4.1.2. Unsalted
4.1.3. Others (Sweet Cream Butter and Flavoured Butter)
4.2. Global Butter Market by Product Type
4.2.1. Clarified Butter
4.2.2. Regular Butter
4.2.3. Whipped Butter
4.3. Global Butter Market by Distribution Channel
4.3.1. Hypermarkets and Supermarkets
4.3.2. Convenience Stores
4.3.3. Online Retail Stores
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Anand Milk Union Ltd. (Amul)
6.2. Anchor Butter
6.3. Arla Foods amba
6.4. Clover-Stornetta Farms, Inc.
6.5. Dairy Farmers of America Inc.
6.6. Darigold Inc
6.7. Fonterra Co-operative Group Ltd.
6.8. Groupe Lactalis SA
6.9. Gujarat Co-operative Milk Marketing Federation Ltd.
6.10. Horizon Organic Dairy, LLC
6.11. Kraft Heinz India Pvt.
6.12. Land O’Lakes, Inc.
6.13. Meadow Foods Ltd.
6.14. MS Iceland Dairies
6.15. Muller India Pvt.
6.16. Murray Goulburn Co-operative Co. Ltd.
6.17. Organic Valley Farms LLP
6.18. Ornua Co-operative Ltd.
6.19. Royal Challenge Dairy Farms Ltd.
6.20. Royal Friesland Campina NV
6.21. The Warrnambool Cheese & Butter Factory Coy Ltd.
1. GLOBAL BUTTER MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
2. GLOBAL SALTED BUTTER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL UNSALTED BUTTER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL OTHERS BUTTER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL BUTTER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
6. GLOBAL CLARIFIED BUTTER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL REGULAR BUTTER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL WHIPPED BUTTER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL BUTTER MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL 2022-2030 ($ MILLION)
10. GLOBAL BUTTER IN HYPERMARKET AND SUPERMARKET MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL BUTTER IN CONVENIENCE STORE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL BUTTER IN ONLINE RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL BUTTER MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. NORTH AMERICAN BUTTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
15. NORTH AMERICAN BUTTER MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
16. NORTH AMERICAN BUTTER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
17. NORTH AMERICAN BUTTER MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2022-2030 ($ MILLION)
18. EUROPEAN BUTTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
19. EUROPEAN BUTTER MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
EUROPEAN BUTTER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
20. EUROPEAN BUTTER MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2022-2030 ($ MILLION)
21. ASIA-PACIFIC BUTTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
22. ASIA-PACIFIC BUTTER MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
23. ASIA-PACIFIC BUTTER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
24. ASIA-PACIFIC BUTTER MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2022-2030 ($ MILLION)
25. REST OF THE WORLD BUTTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
26. REST OF THE WORLD BUTTER MARKET RESEARCH AND ANALYSIS BY TYPE, 2022-2030 ($ MILLION)
27. REST OF THE WORLD BUTTER MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
28. REST OF THE WORLD BUTTER MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2022-2030 ($ MILLION)
1. GLOBAL BUTTER MARKET SHARE BY TYPE, 2022 VS 2030 (%)
2. GLOBAL SALTED BUTTER MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL UNSALTED BUTTER MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL OTHERS BUTTER MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL BUTTER MARKET SHARE BY PRODUCT TYPE, 2022 VS 2030 (%)
6. GLOBAL CLARIFIED BUTTER MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL REGULAR BUTTER MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL WHIPPED BUTTER MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL BUTTER MARKET SHARE BY DISTRIBUTION CHANNEL, 2022 VS 2030 (%)
10. GLOBAL BUTTER IN HYPERMARKET AND SUPERMARKET MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL BUTTER IN CONVENIENCE STORES MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL BUTTER IN ONLINE RETAIL MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL BUTTER MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. US BUTTER MARKET SIZE, 2022-2030 ($ MILLION)
15. CANADA BUTTER MARKET SIZE, 2022-2030 ($ MILLION)
16. UK BUTTER MARKET SIZE, 2022-2030 ($ MILLION)
17. FRANCE BUTTER MARKET SIZE, 2022-2030 ($ MILLION)
18. GERMANY BUTTER MARKET SIZE, 2022-2030 ($ MILLION)
19. ITALY BUTTER MARKET SIZE, 2022-2030 ($ MILLION)
20. SPAIN BUTTER MARKET SIZE, 2022-2030 ($ MILLION)
21. REST OF EUROPE BUTTER MARKET SIZE, 2022-2030 ($ MILLION)
22. INDIA BUTTER MARKET SIZE, 2022-2030 ($ MILLION)
23. CHINA BUTTER MARKET SIZE, 2022-2030 ($ MILLION)
24. JAPAN BUTTER MARKET SIZE, 2022-2030 ($ MILLION)
25. SOUTH KOREA BUTTER MARKET SIZE, 2022-2030 ($ MILLION)
26. REST OF ASIA-PACIFIC BUTTER MARKET SIZE, 2022-2030 ($ MILLION)
27. REST OF THE WORLD BUTTER MARKET SIZE, 2022-2030 ($ MILLION)
