The Global Butter Market is anticipated to observe a compound annual growth rate of 4.2% over the forecast period of 2017-2023, predicts Market Research Future (MRFR) in an in-depth study. Butter is a chief ingredient in the food industry and is invariably used for cooking and baking.
The Global Butter Market is growing in tandem with the global dairy industry and is expected to showcase noteworthy growth over the forecast period. Butter is generally used as a condiment and used in a myriad of applications in the food industry and new use cases are being increasingly added every day which is the prime driver of the global butter market.
Expanding bakery & confectionery industry is a key growth influencer. Butter is widely used in a variety of confectionery and bakery products which induces high demand for butter.
The growth of the fast food industry is also a key growth influencer. Changing lifestyle and growing consumption of fast food and convenience food has generated additional demand for butter. Moreover, developing economy and the growing trend of cross-region cuisines foster market growth.
Availability of butter in different flavors and also low-fat content butter to cater to the varying needs of consumers has contributed significantly to the global butter market. Other factors contributing to the growth of the market include the rise in disposable income, especially in emerging economies and an increase in the trend of home baking which provides growth opportunities to the global butter market.
On the other hand, butter has a high content of saturated fat and dietary cholesterol which is linked to various health problems, especially cardiac diseases. Growing health consciousness among the disadvantages of butter consumption might affect the growth of the market. Availability of alternatives such as margarine which has high unsaturated fat content and little or no cholesterol might also limit the growth of the global butter market.
The key players in the Global Butter Market include-
- Organic Valley (U.S.)
- Dean Foods (U.S.)
- FrieslandCampina (Netherlands)
- Amul (India)
- Arla Foods (Denmark)
- Kraft Foods Inc. (U.S.)
- Land O’Lakes, Inc. (U.S.)
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- Consumption of unprocessed butter will be growing at a higher rate during the forecast period owing to rising awareness about demerits of processed food consumption
- Top exporters of butter include New Zealand, the Netherlands, Ireland, Belgium, and Germany
- Convenience food manufacturers
- Butter manufacturers
- Retailers, Wholesalers
- E-commerce Companies
- Traders, Importers and Exporters
The Global Butter Market has been segmented based on Processing, Product Type, and Distribution Channel.
By Product Type
- Cultured butter
- Uncultured butter
- Raw cream butter
- Salted butter
By Distribution Channel
- Non-store based
- Asia Pacific (APAC)
- North America
- Rest of the World (RoW)
February 2019- Starbucks, an American coffee company and coffeehouse chain, is launching two new vegan cakes in its UK stores. For the same, the coffee chain is utilizing plant-based butter.
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Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3 Butter Industry Insights
Chapter 4 Butter Processing Insights
Chapter 5 Butter Product-Type Insights
Chapter 6 Butter Distribution Channel Insights
Chapter 7 Butter Regional Insights
Chapter 8 Competitor Profile
To Be Continue…………
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