Butter Market By Size, Growth, Trends and Forecast 2018-2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 53.65 Billion
CAGR (2023-2028)	3.1%
Fastest Growing Segment	Online
Largest Market	Asia Pacific

Market Overview

The Global Butter Market has valued at USD 53.65 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 3.1% through 2028. The global butter market has witnessed significant growth in recent years, driven by evolving consumer preferences and the increasing demand for natural and high-quality dairy products. Butter, a staple ingredient in many cuisines, is experiencing steady market expansion. This growth can be attributed to the growing popularity of butter as a cooking and baking essential, as well as the shifting consumer perception of dairy fats as healthy options.

One key driver of the global butter market is the increasing awareness of the health benefits associated with consuming dairy fat in moderation. Consumers are turning to butter as a source of natural fats, and this shift in attitude towards healthier, minimally processed products has boosted butter's popularity. Moreover, the premiumization of butter, with offerings like organic, grass-fed, and artisanal varieties, has created a lucrative niche within the market. The global butter market is also influenced by regional trends and cultural preferences. For example, in developing economies, there is a rising middle-class population with increasing disposable income, which is driving the demand for butter and butter-based products. As consumers across the globe continue to explore versatile culinary options, the global butter market is expected to remain dynamic, with opportunities for growth and innovation in various segments.

Key Market Drivers

Health and Wellness Trends

Health-conscious consumers are seeking natural and minimally processed food products, and butter is increasingly being perceived as a wholesome option. While butter was once criticized for its saturated fat content, recent research has highlighted the potential health benefits of consuming dairy fat in moderation. This shift in perception has led to an increase in demand for butter, as it is viewed as a more natural and less processed alternative to margarine and other spreads. In response to this trend, producers are launching variations like grass-fed and organic butter to cater to health-conscious consumers.

Culinary and Baking Renaissance

Butter is a fundamental ingredient in various culinary and baking applications, and its usage continues to expand. With the rise of culinary shows and social media, more consumers are experimenting with cooking and baking at home. As a result, there's a growing demand for high-quality butter to enhance the flavors and textures of dishes and baked goods. The artisanal and premium butter segment is gaining traction, and consumers are willing to pay a premium for specialty butters, such as those infused with herbs or produced using traditional methods.

Evolving Foodservice Industry

The foodservice industry plays a pivotal role in the butter market. As restaurants, cafes, and bakeries innovate and create new menu items, the demand for butter as an essential ingredient remains strong. Additionally, the pandemic has accelerated trends like online food delivery and takeout, further driving the demand for butter. The foodservice industry is also focusing on offering high-quality, natural ingredients to meet the demands of increasingly discerning consumers, which has a direct impact on the type and quality of butter used in their preparations.

Global Urbanization and Changing Diets

As urbanization continues at a rapid pace, dietary habits are evolving. In urban areas, consumers are often more open to trying new foods and ingredients, and this trend extends to the use of butter in various cuisines. While traditionally associated with Western diets, butter is increasingly incorporated into international dishes, reflecting the globalization of food culture. Furthermore, as disposable incomes rise in emerging markets, consumers are embracing more diverse culinary experiences that often feature butter as a central ingredient.

Shift in Dairy Product Consumption

The dairy industry, in general, is experiencing a shift in consumer preferences. While traditional dairy products like milk and cheese remain popular, there is a growing demand for dairy fats in their natural form. Butter aligns with this trend, as it is a concentrated source of dairy fat and is considered a whole food product. This shift is driven by consumers seeking transparency in their food choices and favoring products with simple, recognizable ingredients. As a result, butter is gaining prominence as a preferred fat source for cooking, baking, and spreading.

In conclusion, the global butter market is undergoing a transformation driven by health-consciousness, culinary trends, the foodservice industry, urbanization, and changing dairy consumption preferences. These drivers are shaping the market landscape, and butter producers are responding with innovative products to meet the evolving needs of consumers. While challenges such as competition from butter substitutes and fluctuating dairy prices remain, the butter market is expected to continue growing and diversifying in response to these drivers.

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Key Market Challenges

Competition from Butter Substitutes

One of the most significant challenges for the butter market is the stiff competition from butter substitutes, including margarine and various plant-based spreads. Consumers concerned about health, environmental, and ethical issues are increasingly turning to these alternatives, driven by perceptions that they are healthier and more sustainable. Margarine, in particular, was historically positioned as a healthier alternative to butter due to its lower saturated fat content. Although butter's reputation is evolving with new research supporting its health benefits in moderation, the competition from substitutes remains a significant challenge. The industry must find innovative ways to communicate the nutritional value and quality of butter to consumers to counter this trend.

Fluctuating Dairy Prices

The global butter market is heavily influenced by the fluctuating prices of dairy commodities, particularly milk. Milk prices can be volatile due to factors such as weather conditions, feed costs, and market dynamics. These fluctuations can impact the production costs of butter and subsequently affect its retail price. Producers face the challenge of managing these price fluctuations, which can impact their profit margins and overall market stability. Price volatility in the dairy industry can also lead to uncertainties in supply and demand, which may affect the availability of butter in the market.

Supply Chain Disruptions

Like many other industries, the global butter market has been affected by supply chain disruptions, especially in the wake of the COVID-19 pandemic. These disruptions can be attributed to various factors, including transportation and logistics challenges, labor shortages, and changes in consumer buying patterns. Such disruptions can lead to supply shortages or delays in the delivery of butter products to retailers and consumers. Additionally, supply chain issues can impact the availability of specific butter variants, such as specialty or artisanal butters, which may require unique sourcing or production methods.

Regulatory and Labeling Requirements

The butter market faces challenges related to regulatory and labeling requirements that vary from one region to another. These regulations often dictate the composition, quality standards, and labeling of butter products. Compliance with these standards can be complex, especially for international producers looking to export their products. Inconsistent labeling requirements can also be confusing for consumers, affecting their ability to make informed choices. Additionally, regulatory changes or new dietary guidelines can impact consumer perceptions of butter, leading to potential market shifts.

Environmental and Sustainability Concerns

Growing environmental and sustainability concerns pose a challenge to the butter market. The dairy industry, including butter production, has been criticized for its carbon footprint, water usage, and land requirements. As consumers become more environmentally conscious, they may seek alternatives to butter based on perceptions of lower environmental impact. The challenge for the butter industry is to address these concerns by implementing sustainable practices in dairy farming, production, and packaging. Companies that can demonstrate their commitment to environmental responsibility may gain a competitive edge in a market increasingly focused on sustainability.

In conclusion, the global butter market faces challenges arising from competition with substitutes, fluctuating dairy prices, supply chain disruptions, regulatory requirements, and sustainability concerns. These challenges necessitate industry-wide efforts to adapt to changing consumer preferences and market dynamics. Producers and stakeholders should focus on innovation, sustainable practices, and effective communication to address these challenges and ensure the continued growth and relevance of the butter market.

Key Market Trends

Rising Demand for Specialty and Artisanal Butters

A notable trend in the global butter market is the increasing demand for specialty and artisanal butter products. Consumers are seeking unique and high-quality options that go beyond traditional butter. This trend aligns with the broader movement toward premium, handcrafted, and locally sourced foods. Specialty butters, such as grass-fed, organic, European-style, and flavored varieties (e.g., garlic herb, truffle), have gained popularity. These products cater to consumers looking for enhanced flavor experiences and are willing to pay a premium for these artisanal offerings. The rise of specialty and artisanal butter presents opportunities for both small-scale producers and established brands to diversify their product lines.

Plant-Based and Dairy-Free Butter Alternatives

The surge in plant-based diets and the growing awareness of lactose intolerance and dairy allergies have driven the demand for plant-based and dairy-free butter alternatives. These alternatives are typically made from plant oils like coconut, palm, or almond and are often formulated to mimic the taste and texture of traditional butter. Notable brands have developed plant-based butter substitutes that are nearly indistinguishable from dairy butter in various culinary applications. As consumers increasingly seek dairy-free and vegan options, the market for plant-based butter alternatives is experiencing robust growth. Producers are innovating to create products that are not only dairy-free but also free from trans fats and artificial additives, aligning with health-conscious consumer preferences.

Functional Butter Products

Functional foods have gained popularity as consumers become more health conscious. This trend has extended to the butter market, with the introduction of functional butter products that offer additional health benefits. Examples include butter fortified with Omega-3 fatty acids, probiotics, vitamins, and antioxidants. These functional butters are marketed as health-promoting options and often target specific health concerns such as cardiovascular health, immune support, or digestive wellness. The functional butter segment caters to consumers seeking products that not only taste great but also contribute to their overall well-being. This trend represents an opportunity for butter producers to differentiate themselves in a competitive market by adding value through health-oriented formulations.

Packaging and Portion Control Innovations

Packaging trends have evolved in the butter market, driven by the need for convenience and sustainability. Single-serve or portion-controlled packaging has gained popularity, as it allows consumers to easily measure and use the desired amount of butter while minimizing waste. Portion-controlled packaging is not only convenient but also contributes to portion control, making it appealing to health-conscious individuals. Additionally, environmentally friendly packaging options, such as recyclable and biodegradable materials, are becoming more prevalent, reflecting consumer preferences for eco-friendly choices. These packaging innovations align with sustainability goals and reflect the industry's commitment to reducing its environmental footprint.

E-Commerce and Direct-to-Consumer Sales

The rise of e-commerce and direct-to-consumer (DTC) sales channels has transformed the way butter is marketed and distributed. With the convenience of online shopping, consumers can easily access a wide range of butter products from various brands and regions. DTC sales have allowed small-scale producers to reach a global customer base without the need for traditional retail distribution. The ease of online shopping and delivery services has also made it simpler for consumers to access specialty and artisanal butters that may not be available in local stores. As a result, e-commerce and DTC sales have opened up new avenues for market expansion and brand visibility in the global butter market.

In conclusion, the global butter market is evolving in response to consumer demands for specialty and artisanal butters, plant-based alternatives, functional products, innovative packaging solutions, and the convenience of e-commerce and DTC sales. These trends reflect the changing landscape of consumer preferences and the industry's efforts to adapt to meet those demands. Producers in the butter market are increasingly focused on innovation, sustainability, and consumer-centric strategies to remain competitive and relevant in this dynamic market.

Segmental Insights

Type Insights

The global butter market has recently witnessed a notable surge in the demand for cultured butter, reflecting changing consumer preferences and a growing appreciation for artisanal and high-quality dairy products. Cultured butter, also known as European-style butter, is made through a fermentation process involving live bacteria cultures, which gives it a distinct and rich flavor profile.

Consumers are increasingly seeking cultured butter for its exceptional taste and texture. The fermentation process imparts a unique tangy and nutty flavor, making it a popular choice among those who enjoy the nuances of fine dairy products. Moreover, cultured butter is celebrated for its versatility in culinary applications, enhancing the taste of baked goods, sauces, and various dishes. As a result, more consumers, including professional chefs and home cooks, are incorporating cultured butter into their recipes. The artisanal and premium segments of the butter market have benefited from this trend, as consumers are willing to pay a premium for the superior quality and sensory experience that cultured butter offers. This rising demand for cultured butter underscores the market's evolving landscape, where consumers value authenticity and unique flavor profiles in their culinary endeavors.

Sales Channel Insights

The global butter market is experiencing a significant increase in demand through online sales channels, reshaping the way consumers access and purchase butter products. This trend is driven by several factors, including the convenience of e-commerce, the broader shift towards online shopping, and the desire for a wider variety of butter options from the comfort of one's home.

The convenience of online shopping has made it easier for consumers to explore a diverse range of butter products. With just a few clicks, customers can access an extensive selection of traditional, specialty, and artisanal butter brands from around the world, often unavailable in local stores. This accessibility is especially appealing to those seeking unique and high-quality butter options for culinary or dietary preferences. Additionally, the COVID-19 pandemic accelerated the adoption of online shopping as consumers sought contactless and safe ways to obtain groceries, further boosting the online sales channel in the butter market.

The demand for online butter purchases is reshaping the industry, prompting producers to develop efficient online distribution networks and create appealing digital marketing strategies to reach a broader audience. As a result, the global butter market is witnessing a digital transformation that caters to the evolving preferences of consumers who prioritize convenience, choice, and safety in their shopping experiences.

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Regional Insights

The Asia Pacific region has emerged as a significant driver of demand in the global butter market, experiencing a notable increase in consumption in recent years. This growing demand can be attributed to a combination of factors, including changing dietary preferences, increasing disposable incomes, and evolving culinary habits.
One key factor contributing to the surge in butter consumption in the Asia Pacific region is the evolving dietary landscape. As a region traditionally associated with rice-based diets, there has been a notable shift towards Western-style diets that incorporate butter as a staple ingredient. This transition is often influenced by the perception of butter as a versatile and flavorful cooking ingredient, especially in baking and confectionery, which are becoming increasingly popular in the region.
Another driving force behind the rising demand for butter in the Asia Pacific region is the growing affluence of its middle-class population. As disposable incomes continue to rise, consumers are more willing to explore and adopt new dietary habits and culinary experiences. Butter is often associated with indulgence and premium cooking, and as the middle class expands, there is a greater willingness to include butter in their daily meals and culinary experiments. This shift in consumer preferences has led to an increased appetite for butter, positioning the Asia Pacific as a significant growth market in the global butter industry.

Recent Developments

Land O'Lakes launched Land O'Lakes European Style Butter in September 2023. The new line of European-style butters made with cream from pasture-raised cows. The line includes four varieties: Unsalted, Sea Salt, Garlic & Herb, and Truffle.
Kerrygold launched Kerrygold Salted Butter Tub in August 2023. The nsew 16-ounce tub of Kerrygold Salted Butter. The tub is designed to be more convenient for consumers who use a lot of butter, such as bakers and cooks.

Key Market Players

Lactalis International
Fonterra Co-operative Group
Ornua Co-operative Limited
Organic Valley
Dairy Farmers of America, Inc.
Amul Dairy
Meadow Foods Ltd.
Arla Foods
MS Iceland Dairies
Muller

By Type	By Sales Channel	By Region
Cultured Butter Uncultured Butter Others	Hypermarkets/Supermarkets Convenience Stores Online Others	Asia Pacific North America Europe South America Middle East & Africa

Report Scope:

In this report, the Global Butter Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Butter Market, By Type:

o Cultured Butter

o Uncultured Butter

o Others

Butter Market, By Sales Channel:

o Hypermarkets/Supermarkets

o Convenience Stores

o Online

o Others

Butter Market, By Region:

o Asia-Pacific

§ China

§ Japan

§ India

§ Vietnam

§ South Korea

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ Germany

§ Spain

§ Italy

§ United Kingdom

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

§ Kuwait

§ Egypt

o South America

§ Brazil

§ Argentina

§ Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Butter Market.

Available Customizations:

Global Butter Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Butter Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer

4.1. Factors Influencing Purchase Decision

4.2. Sources of Information

5. Global Butter Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type Market Share Analysis (Cultured Butter, Uncultured Butter, Others)

5.2.2. By Sales Channel Market Share Analysis (Hypermarkets/Supermarkets, Convenience Stores, Online, Others)

5.2.3. By Regional Market Share Analysis

5.2.3.1. Asia-Pacific Market Share Analysis

5.2.3.2. North America Market Share Analysis

5.2.3.3. Europe Market Share Analysis

5.2.3.4. Middle East & Africa Market Share Analysis

5.2.3.5. South America Market Share Analysis

5.2.4. By Top 5 Companies Market Share Analysis, Others (2022)

5.3. Global Butter Market Mapping & Opportunity Assessment

5.3.1. By Type Market Mapping & Opportunity Assessment

5.3.2. By Sales Channel Market Mapping & Opportunity Assessment

5.3.3. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Butter Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type Market Share Analysis

6.2.2. By Sales Channel Market Share Analysis

6.2.3. By Country Market Share Analysis

6.2.3.1. China Butter Market Outlook

6.2.3.1.1. Market Size & Forecast

6.2.3.1.1.1. By Value

6.2.3.1.2. Market Share & Forecast

6.2.3.1.2.1. By Type Market Share Analysis

6.2.3.1.2.2. By Sales Channel Market Share Analysis

6.2.3.2. Japan Butter Market Outlook

6.2.3.2.1. Market Size & Forecast

6.2.3.2.1.1. By Value

6.2.3.2.2. Market Share & Forecast

6.2.3.2.2.1. By Type Market Share Analysis

6.2.3.2.2.2. By Sales Channel Market Share Analysis

6.2.3.3. India Butter Market Outlook

6.2.3.3.1. Market Size & Forecast

6.2.3.3.1.1. By Value

6.2.3.3.2. Market Share & Forecast

6.2.3.3.2.1. By Type Market Share Analysis

6.2.3.3.2.2. By Sales Channel Market Share Analysis

6.2.3.4. Vietnam Butter Market Outlook

6.2.3.4.1. Market Size & Forecast

6.2.3.4.1.1. By Value

6.2.3.4.2. Market Share & Forecast

6.2.3.4.2.1. By Type Market Share Analysis

6.2.3.4.2.2. By Sales Channel Market Share Analysis

6.2.3.5. South Korea Butter Market Outlook

6.2.3.5.1. Market Size & Forecast

6.2.3.5.1.1. By Value

6.2.3.5.2. Market Share & Forecast

6.2.3.5.2.1. By Type Market Share Analysis

6.2.3.5.2.2. By Sales Channel Market Share Analysis

7. North America Butter Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type Market Share Analysis

7.2.2. By Sales Channel Market Share Analysis

7.2.3. By Country Market Share Analysis

7.2.3.1. United States Butter Market Outlook

7.2.3.1.1. Market Size & Forecast

7.2.3.1.1.1. By Value

7.2.3.1.2. Market Share & Forecast

7.2.3.1.2.1. By Type Market Share Analysis

7.2.3.1.2.2. By Sales Channel Market Share Analysis

7.2.3.2. Canada Butter Market Outlook

7.2.3.2.1. Market Size & Forecast

7.2.3.2.1.1. By Value

7.2.3.2.2. Market Share & Forecast

7.2.3.2.2.1. By Type Market Share Analysis

7.2.3.2.2.2. By Sales Channel Market Share Analysis

7.2.3.3. Mexico Butter Market Outlook

7.2.3.3.1. Market Size & Forecast

7.2.3.3.1.1. By Value

7.2.3.3.2. Market Share & Forecast

7.2.3.3.2.1. By Type Market Share Analysis

7.2.3.3.2.2. By Sales Channel Market Share Analysis

8. Europe Butter Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type Market Share Analysis

8.2.2. By Sales Channel Market Share Analysis

8.2.3. By Country Market Share Analysis

8.2.3.1. France Butter Market Outlook

8.2.3.1.1. Market Size & Forecast

8.2.3.1.1.1. By Value

8.2.3.1.2. Market Share & Forecast

8.2.3.1.2.1. By Type Market Share Analysis

8.2.3.1.2.2. By Sales Channel Market Share Analysis

8.2.3.2. Germany Butter Market Outlook

8.2.3.2.1. Market Size & Forecast

8.2.3.2.1.1. By Value

8.2.3.2.2. Market Share & Forecast

8.2.3.2.2.1. By Type Market Share Analysis

8.2.3.2.2.2. By Sales Channel Market Share Analysis

8.2.3.3. Spain Butter Market Outlook

8.2.3.3.1. Market Size & Forecast

8.2.3.3.1.1. By Value

8.2.3.3.2. Market Share & Forecast

8.2.3.3.2.1. By Type Market Share Analysis

8.2.3.3.2.2. By Sales Channel Market Share Analysis

8.2.3.4. Italy Butter Market Outlook

8.2.3.4.1. Market Size & Forecast

8.2.3.4.1.1. By Value

8.2.3.4.2. Market Share & Forecast

8.2.3.4.2.1. By Type Market Share Analysis

8.2.3.4.2.2. By Sales Channel Market Share Analysis

8.2.3.5. United Kingdom Butter Market Outlook

8.2.3.5.1. Market Size & Forecast

8.2.3.5.1.1. By Value

8.2.3.5.2. Market Share & Forecast

8.2.3.5.2.1. By Type Market Share Analysis

8.2.3.5.2.2. By Sales Channel Market Share Analysis

9. Middle East & Africa Butter Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type Market Share Analysis

9.2.2. By Sales Channel Market Share Analysis

9.2.3. By Country Market Share Analysis

9.2.3.1. South Africa Butter Market Outlook

9.2.3.1.1. Market Size & Forecast

9.2.3.1.1.1. By Value

9.2.3.1.2. Market Share & Forecast

9.2.3.1.2.1. By Type Market Share Analysis

9.2.3.1.2.2. By Sales Channel Market Share Analysis

9.2.3.2. Saudi Arabia Butter Market Outlook

9.2.3.2.1. Market Size & Forecast

9.2.3.2.1.1. By Value

9.2.3.2.2. Market Share & Forecast

9.2.3.2.2.1. By Type Market Share Analysis

9.2.3.2.2.2. By Sales Channel Market Share Analysis

9.2.3.3. UAE Butter Market Outlook

9.2.3.3.1. Market Size & Forecast

9.2.3.3.1.1. By Value

9.2.3.3.2. Market Share & Forecast

9.2.3.3.2.1. By Type Market Share Analysis

9.2.3.3.2.2. By Sales Channel Market Share Analysis

9.2.3.4. Turkey Butter Market Outlook

9.2.3.4.1. Market Size & Forecast

9.2.3.4.1.1. By Value

9.2.3.4.2. Market Share & Forecast

9.2.3.4.2.1. By Type Market Share Analysis

9.2.3.4.2.2. By Sales Channel Market Share Analysis

9.2.3.5. Kuwait Butter Market Outlook

9.2.3.5.1. Market Size & Forecast

9.2.3.5.1.1. By Value

9.2.3.5.2. Market Share & Forecast

9.2.3.5.2.1. By Type Market Share Analysis

9.2.3.5.2.2. By Sales Channel Market Share Analysis

9.2.3.6. Egypt Butter Market Outlook

9.2.3.6.1. Market Size & Forecast

9.2.3.6.1.1. By Value

9.2.3.6.2. Market Share & Forecast

9.2.3.6.2.1. By Type Market Share Analysis

9.2.3.6.2.2. By Sales Channel Market Share Analysis

10. South America Butter Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Sales Channel Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1. Brazil Butter Market Outlook

10.2.3.1.1. Market Size & Forecast

10.2.3.1.1.1. By Value

10.2.3.1.2. Market Share & Forecast

10.2.3.1.2.1. By Type Market Share Analysis

10.2.3.1.2.2. By Sales Channel Market Share Analysis

10.2.3.2. Argentina Butter Market Outlook

10.2.3.2.1. Market Size & Forecast

10.2.3.2.1.1. By Value

10.2.3.2.2. Market Share & Forecast

10.2.3.2.2.1. By Type Market Share Analysis

10.2.3.2.2.2. By Sales Channel Market Share Analysis

10.2.3.3. Colombia Butter Market Outlook

10.2.3.3.1. Market Size & Forecast

10.2.3.3.1.1. By Value

10.2.3.3.2. Market Share & Forecast

10.2.3.3.2.1. By Type Market Share Analysis

10.2.3.3.2.2. By Sales Channel Market Share Analysis

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Impact of COVID-19 on Global Butter Market

12.1. Impact Assessment Model

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

14.1. Company Profiles

14.1.1. Lactalis International

14.1.1.1. Company Details

14.1.1.2. Products

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Key Market Focus & Geographical Presence

14.1.1.5. Recent Developments

14.1.1.6. Key Management Personnel

14.1.2. Fonterra Co-operative Group

14.1.2.1. Company Details

14.1.2.2. Products

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Key Market Focus & Geographical Presence

14.1.2.5. Recent Developments

14.1.2.6. Key Management Personnel

14.1.3. Ornua Co-operative Limited

14.1.3.1. Company Details

14.1.3.2. Products

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Key Market Focus & Geographical Presence

14.1.3.5. Recent Developments

14.1.3.6. Key Management Personnel

14.1.4. Organic Valley

14.1.4.1. Company Details

14.1.4.2. Products

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Key Market Focus & Geographical Presence

14.1.4.5. Recent Developments

14.1.4.6. Key Management Personnel

14.1.5. Dairy Farmers of America, Inc.

14.1.5.1. Company Details

14.1.5.2. Products

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Key Market Focus & Geographical Presence

14.1.5.5. Recent Developments

14.1.5.6. Key Management Personnel

14.1.6. Amul Dairy

14.1.6.1. Company Details

14.1.6.2. Products

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Key Market Focus & Geographical Presence

14.1.6.5. Recent Developments

14.1.6.6. Key Management Personnel

14.1.7. Meadow Foods Ltd.

14.1.7.1. Company Details

14.1.7.2. Products

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Key Market Focus & Geographical Presence

14.1.7.5. Recent Developments

14.1.7.6. Key Management Personnel

14.1.8. Arla Foods

14.1.8.1. Company Details

14.1.8.2. Products

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Key Market Focus & Geographical Presence

14.1.8.5. Recent Developments

14.1.8.6. Key Management Personnel

14.1.9. MS Iceland Dairies

14.1.9.1. Company Details

14.1.9.2. Products

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Key Market Focus & Geographical Presence

14.1.9.5. Recent Developments

14.1.9.6. Key Management Personnel

14.1.10. Muller

14.1.10.1. Company Details

14.1.10.2. Products

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Key Market Focus & Geographical Presence

14.1.10.5. Recent Developments

14.1.10.6. Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1. Key Focus Areas

15.2. Target Type

15.3. Target Distribution Channel

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Butter Market in 2022?

The market size of the Global Butter Market was estimated to be USD 53.65 Billion in 2022.

What are the major drivers for the Global Butter Market?

The major drivers for the Global Butter Market include the rising consumer preference for natural and minimally processed foods, the versatility of butter in culinary applications, increasing awareness of the potential health benefits of dairy fats, the expansion of the foodservice industry, and the shift towards diverse and globalized diets.

What are the major trends for the Global Butter Market?

Key trends in the Global Butter Market include the surging demand for specialty and artisanal butter varieties, the growth of plant-based and dairy-free butter alternatives, the development of functional butter products with added health benefits, innovations in packaging for convenience and sustainability, and the increasing popularity of e-commerce and direct-to-consumer sales channels for butter products.

What are the major challenges for the Global Butter Market?

The Global Butter Market faces significant challenges, including competition from butter substitutes, fluctuating dairy prices, supply chain disruptions due to various factors, regulatory and labeling requirements that vary by region, and increasing environmental and sustainability concerns, particularly regarding the carbon footprint and ecological impact of dairy production. Adapting to these challenges is crucial for the industry's continued growth and sustainability.

Related Reports

Parvati Sharma

Account Manager BD

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Press Release

Butter Market to Grow with a CAGR of 3.1% Globally through 2028

Dec, 2023

Rising consumer preference for natural and minimally processed foods and expansion of food service industry are driving the Global Butter Market in the forecast period 2024-2028.

Butter Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Cultured Butter, Uncultured Butter, Others), By Sales Channel (Hypermarkets/Supermarkets, Convenience Stores, Online, Others), By Region, By Competition, 2018-2028

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