Butter Industry Worldwide Prospects, Share, Crucial Players, Size & Forecast – 2027
The butter market is growing rapidly,
witnessing a massive demand across the globe. Market growth attributes to
widely spreading awareness about the health benefits of butter and buttermilk.
Besides, growing uses of butter in applications such as bakery &
confectionery and dairy & frozen desserts boost the market growth.
Moreover, advances in manufacturing (churning) technologies escalate market
growth on the global front.
According to Market Research Future
(MRFR), the global Butter market is expected to reach USD 27,879.1 MN by
2025, registering 4.52% CAGR throughout the forecast period (2019-2025). The
market demonstrates lucrative opportunities for industry players in developed
and developing regions due to the increasing demand for organic products.
Besides, the growing numbers of health-conscious populaces impact market
growth.
Also, the rising popularity of
functional and energy drinks hugely substantiates the market demand. Moreover,
rising consumer preference for dairy protein products accelerates the market
growth. Increasing innovative product launches such as flavored butter,
low-calorie & low-fat butter, etc., boost the growth of the market.
Additionally, wide applications of
butter, ranging from bakery to functional foods, increase the market size.
Conversely, factors such as the rising veganism and preference for plant-based
protein products and prevalence of lactose intolerance are estimated to hamper
the growth of the market.
Global Butter
Market - Segment
The
report is segmented into five dynamics;
By Product Type :
Standard Butter, Clarified Butter, Whipped Butter, and others.
By Category :
Salted and Unsalted.
By Form :
Spreads, Liquid/Oil, Blocks, and others.
By End-Use :
Food Processing (Bakery & Confectionery, Dairy & Frozen Desserts,
Sauces, Dressings, & Spreads, others), Foodservice, Food Retail, and
others.
By Regions :
Asia Pacific, Americas, Europe, and the Rest-of-the-World.
Global Butter
Market - Geographical Analysis
The Asia Pacific region dominates the
global Butter Industry. The region gained around 49.80% share of the
overall market in 2018. The region has
been experiencing substantial developments over the past few years. The largest
market share attributes to the high-level production and popularity of butter
in the region. Besides, the rapid urbanization and shift in consumption
patterns boost market growth.
India is the largest butter market,
contributing to the growth of the regional market. Moreover, the growing
chocolate industry in markets in Australia, New Zealand, China, and India
drives the growth of the regional market. The APAC Butter market is estimated
to retain its dominance over the global market throughout the forecast period
Europe stands second in the global
butter market. The market is driven by the increasing consumption of butter in
bakery products and changing consumer preferences. Moreover, the presence of
industry players in the region positively impacts the growth of the market.
Besides, growing butter applications for food dressing purposes fosters the
growth of the regional market hugely.
Additionally, the expanding
hospitality (HoReCa) industry and rising awareness among consumers about health
benefits propel the market players. The European butter market is projected to
generate a substantial revenue pocket during the review period.
The North America coconut butter market is growing promisingly, mainly due to
the rapidly increasing hotels/restaurants/cafes (HoReCa) industry. Moreover,
the market is driven by the high consumption of butter in functional beverages
and the popularity of energy drinks. Furthermore, changing consumption patterns
substantiate market growth, influencing the production volume.
Simultaneously, the presence of a
large number of production bases, many well-established players, and consumers
positively impacts regional market growth. The North American Butter market in
the region is projected to register a significant CAGR during the assessment
period.
Global Butter
Market - Competitive Landscape
Highly competitive, the butter market
appears fragmented with the presence of many well-established players. Industry
players focus on strengthening their global footprints by expanding their
presence and launching innovative products. Mergers & acquisitions, brand
reinforcement, and innovation remain key trends for these players to gain a
larger competitive share. They strive to develop cost-competitive manufacturing
techniques to reduce the overall product cost, minimize downtime, and increase
shelf life.
Manufacturers try to enhance their
products with innovations that help maintain and/or reduce heart disease,
cholesterol, and hypertension. These players emphasize more on delivering
unique products with differentiation, making products with improved
shelf-life.
Access Report Details @ https://www.marketresearchfuture.com/reports/butter-market-4393
Major Players:
Players leading the global butter
market include Arla Foods Amba (Denmark), Gujarat Co-operative Milk Marketing
Federation Ltd. (GCMMF/Amul) (India), Land O'Lakes, Inc. (US), Royal
FrieslandCampina N.V. (Netherlands), Lactalis Group (France), Ornua
Co-operative Limited (Ireland), Dairy Farmers of America, Inc. (the US), Delta
Nutritives (India), Organic Valley (US), and Fonterra Co-operative Group (New
Zealand), among others.
Industry/Innovation/Related
News:
July 01, 2020
----- Minneapolis-based the Syndicate Fund rebranded to Bread & Butter
Ventures. While many investors say sheltering has broadened their funding in
companies located outside major hubs, this firm is increasingly backing
startups in America.
Considering the growth of the Twin
Cities' startup ecosystem, the firm has rebranded and invested USD 10 MN in
assets under management in three of Minneapolis's biggest strengths, such as
agriculture and food, health care, and enterprise software. Also, the Agtech
interest spans the entire spectrum from farming to restaurants and grocery
stores. The firm is also interested in the supply chain and logistics around
food, a mix of software, hardware, and biosciences.
NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market
Research Future (part of Wantstats Research and Media Private Limited),
99
Hudson Street,5Th Floor, New York, New York 10013, United States of America
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