Butter Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently launched a comprehensive analysis of the global butter market. This detailed report offers an extensive evaluation of key market factors, including growth drivers, market trends, opportunities, and challenges, while providing thorough insights into the market structure. The report delivers exclusive data and forecasts, highlighting the expected growth trajectory of the global butter market from 2024 to 2033.

Key Insights:

Global Butter Market Value (2024 Estimate): USD 48951Million
Projected Market Value (2033 Forecast): USD 74008.5Million
Compound Annual Growth Rate (CAGR 2024-2033): 4.7%

Scope of the Butter Market Report:

The butter market encompasses a variety of product types, including salted butter, unsalted butter, clarified butter, and butter blends. These products are widely used in the food and beverage industry, in both household and commercial applications, spanning bakery, confectionery, sauces, and spreads. The growing demand for natural and organic butter, along with the increasing popularity of butter-based diets like keto and paleo, is contributing to the market's expansion. Innovations in flavor and packaging, coupled with growing disposable incomes in developing markets, are also driving the demand for butter products.

Growth Drivers:

Several factors are driving the growth of the global butter market. An increasing shift towards natural food ingredients and the rising consumer preference for high-fat, low-carb diets are key growth drivers. The foodservice industry's expansion, particularly in fast food and bakery segments, is also contributing significantly to the rising demand for butter. Additionally, consumers are showing a growing interest in organic and grass-fed butter products, which are seen as healthier alternatives to conventional varieties. The increasing penetration of butter in emerging markets, where dairy consumption is on the rise, further supports market growth.

Challenges:

The butter market faces certain challenges despite its strong growth outlook. The fluctuating cost of raw materials, particularly milk, can significantly affect production costs and profitability. Moreover, health concerns associated with high saturated fat consumption may limit butter's appeal, especially in regions with rising awareness about heart health. Additionally, the growing popularity of plant-based butter alternatives, driven by the rise of veganism and environmental sustainability concerns, poses competition to traditional butter products.

Opportunities:

The global butter market offers significant growth opportunities, particularly in the premium and organic butter segments. With consumers becoming more health-conscious, there is a rising demand for grass-fed, organic, and clean-label butter products. Manufacturers that focus on developing innovative flavors, offering fortified or functional butter, and exploring sustainable packaging solutions are expected to thrive. Furthermore, emerging markets in Asia and Latin America are providing opportunities for expansion, as butter becomes increasingly popular in these regions.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the global butter market?
Which product types are most widely adopted in the foodservice and retail sectors?
How are health trends and dietary preferences influencing the butter market landscape?
Who are the major players in the butter market, and what strategies are they implementing to maintain their market position?
What emerging trends and future opportunities exist in the butter market?

Competitive Landscape and Strategy:

Top players in the global butter market, such as Arla Foods, Land O'Lakes, and Fonterra, are focusing on product innovation, sustainability, and expanding their organic and premium product lines. These companies are investing in new product development to cater to the growing demand for organic and grass-fed butter. Collaborations with retailers and foodservice providers, as well as a focus on enhancing production efficiency through sustainable practices, are common strategies. Additionally, there is an increasing emphasis on packaging innovations that cater to eco-conscious consumers.

Key companies profiled

Royal FrieslandCampina N.V
Fonterra Co-operative Group Limited
Groupe Lactalis S.A.
Arla Foods amba
Amul (GCMMF)
Dean Foods Co
Glanbia Plc.
Saputo Inc.
OMSCO
Dairy Farmers of America
Valio Oy
Meiji Holdings Company, Ltd.
Land O' Lakes, Inc.
Granarolo S.P.A.
Nestle S.A.
Kerry Group
Sodiaal International SA
Britannia Industries Ltd
Savencia Fromage & Dairy
DMK Group
OMIRA GmbH

Butter Industry Research Segmentation

By Nature:

Organic
Conventional

By Form:

Spreadable
Non-Spreadable

By End Use:

Food Processing Industry
Food Service Industry
Retail/Household

By Distribution Channel:

Business to Business
Business to Consumer

Hypermarkets/Supermarkets

Specialty Stores

Convenience Store

Online Retail

Others

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

Product Code: PMRREP30826

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
- 3.1.1. Preference for Organic Dairy and Healthy Products
- 3.1.2. Increasing Demand for Processed Foods
- 3.1.3. Others
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features

5. Global Market Demand Analysis 2019-2023 and Forecast, 2024-2033

5.1. Historical Market Volume (Tons) Analysis, 2019-2023
5.2. Current and Future Market Volume (Tons) Projections, 2024-2033

6. Global Market - Pricing Analysis

6.1. Regional Pricing Analysis
6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook
- 8.1.2. Global GDP and Infrastructure Investment
- 8.1.3. International Trade
- 8.1.4. Global Industry Outlook
8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Top Companies Historical Growth
- 8.2.2. GDP Growth forecast
- 8.2.3. Manufacturing Industry forecast
- 8.2.4. Global Urbanization Growth Outlook
- 8.2.5. Business Climate
8.3. Value Chain
- 8.3.1. Raw Material Suppliers
- 8.3.2. Product Manufacturers
- 8.3.3. Application Sectors
8.4. Global Food & Beverage Industry Outlook
8.5. Global Dairy Industry Outlook
8.6. Production of Butter by Country
8.7. Butter Manufacturing Process-Flow Diagram
8.8. Is Butter Good or Bad for You?
8.9. Policy Developments and Regulatory Scenario
8.10. Market Dynamics
- 8.10.1. Drivers
- 8.10.2. Restraints
- 8.10.3. Opportunity Analysis
8.11. Global Supply Demand Analysis

9. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Nature

9.1. Introduction
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Nature, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Nature, 2024-2033
- 9.3.1. Organic
- 9.3.2. Conventional
9.4. Market Attractiveness Analysis By Nature

10. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Form

10.1. Introduction
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Form, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Form, 2024-2033
- 10.3.1. Spreadable
- 10.3.2. Non-Spreadable
10.4. Market Attractiveness Analysis By Form

11. Global Market Analysis 2019-2023 and Forecast 2024-2033, by End Use

11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2019-2023
11.3. Current and Future Market Size (US$ Mn) and Volume Forecast By End Use, 2024-2033
- 11.3.1. Food Processing Industry
- 11.3.2. Food Service Industry
- 11.3.3. Retail/Household
11.4. Market Attractiveness Analysis By End Use

12. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Distribution Channel

12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Distribution Channel, 2019-2023
12.3. Current and Future Market Size (US$ Mn) and Volume Forecast By Distribution Channel, 2024-2033
- 12.3.1. Business to Business
- 12.3.2. Business to Consumer
  - 12.3.2.1. Hypermarkets/Supermarkets
  - 12.3.2.2. Specialty Stores
  - 12.3.2.3. Convenience Store
  - 12.3.2.4. Online Retail
  - 12.3.2.5. Others
12.4. Market Attractiveness Analysis By Distribution Channel

13. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Region

13.1. Introduction
13.2. Historical Market Size (US$ Mn) Analysis By Region, 2019-2023
13.3. Current Market Size (US$ Mn) and Volume Forecast By Region, 2024-2033
- 13.3.1. North America
- 13.3.2. Latin America
- 13.3.3. Europe
- 13.3.4. East Asia
- 13.3.5. South Asia and Pacific
- 13.3.6. Middle East and Africa (MEA)
13.4. Market Attractiveness Analysis By Region

14. North America Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
14.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.3.1. By Country
  - 14.3.1.1. U.S.
  - 14.3.1.2. Canada
- 14.3.2. By Nature
- 14.3.3. By Form
- 14.3.4. By End Use
- 14.3.5. By Distribution Channel
14.4. Market Attractiveness Analysis
- 14.4.1. By Country
- 14.4.2. By Nature
- 14.4.3. By Form
- 14.4.4. By End Use
- 14.4.5. By Distribution Channel
14.5. Drivers and Restraints - Impact Analysis

15. Latin America Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
15.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.3.1. By Country
  - 15.3.1.1. Brazil
  - 15.3.1.2. Mexico
  - 15.3.1.3. Argentina
  - 15.3.1.4. Rest of Latin America
- 15.3.2. By Nature
- 15.3.3. By Form
- 15.3.4. By End Use
- 15.3.5. By Distribution Channel
15.4. Market Attractiveness Analysis
- 15.4.1. By Country
- 15.4.2. By Nature
- 15.4.3. By Form
- 15.4.4. By End Use
- 15.4.5. By Distribution Channel
15.5. Drivers and Restraints - Impact Analysis

16. Europe Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
16.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.3.1. By Country
  - 16.3.1.1. Germany
  - 16.3.1.2. Italy
  - 16.3.1.3. France
  - 16.3.1.4. U.K.
  - 16.3.1.5. Spain
  - 16.3.1.6. BENELUX
  - 16.3.1.7. Nordic
  - 16.3.1.8. Russia
  - 16.3.1.9. Poland
  - 16.3.1.10. Rest of Europe
- 16.3.2. By Nature
- 16.3.3. By Form
- 16.3.4. By End Use
- 16.3.5. By Distribution Channel
16.4. Market Attractiveness Analysis
- 16.4.1. By Nature
- 16.4.2. By Form
- 16.4.3. By End Use
- 16.4.4. By Distribution Channel
16.5. Drivers and Restraints - Impact Analysis

17. South Asia and Pacific Market Analysis 2019-2023 and Forecast 2024-2033

17.1. Introduction
17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
17.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.3.1. By Country
  - 17.3.1.1. India
  - 17.3.1.2. ASEAN
  - 17.3.1.3. Oceania
  - 17.3.1.4. Rest of South Asia & Pacific
- 17.3.2. By Nature
- 17.3.3. By Form
- 17.3.4. By End Use
- 17.3.5. By Distribution Channel
17.4. Market Attractiveness Analysis
- 17.4.1. By Country
- 17.4.2. By Nature
- 17.4.3. By Form
- 17.4.4. By End Use
- 17.4.5. By Distribution Channel
17.5. Drivers and Restraints - Impact Analysis

18. East Asia Market Analysis 2019-2023 and Forecast 2024-2033

18.1. Introduction
18.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
18.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 18.3.1. By Country
  - 18.3.1.1. China
  - 18.3.1.2. Japan
  - 18.3.1.3. South Korea
- 18.3.2. By Nature
- 18.3.3. By Form
- 18.3.4. By End Use
- 18.3.5. By Distribution Channel
18.4. Market Attractiveness Analysis
- 18.4.1. By Country
- 18.4.2. By Nature
- 18.4.3. By Form
- 18.4.4. By End Use
- 18.4.5. By Distribution Channel
18.5. Drivers and Restraints - Impact Analysis

19. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2033

19.1. Introduction
19.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
19.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 19.3.1. By Country
  - 19.3.1.1. GCC
  - 19.3.1.2. South Africa
  - 19.3.1.3. Turkey
  - 19.3.1.4. Rest of Middle East & Africa
- 19.3.2. By Nature
- 19.3.3. By Form
- 19.3.4. By End Use
- 19.3.5. By Distribution Channel
19.4. Market Attractiveness Analysis
- 19.4.1. By Country
- 19.4.2. By Nature
- 19.4.3. By Form
- 19.4.4. By End Use
- 19.4.5. By Distribution Channel
19.5. Drivers and Restraints - Impact Analysis

20. Country Wise Market Analysis, 2024

20.1. Introduction
- 20.1.1. Market Value Proportion Analysis, By Key Countries
- 20.1.2. Global Vs. Country Growth Comparison
20.2. U.S. Market Analysis
- 20.2.1. By Nature
- 20.2.2. By Form
- 20.2.3. By End Use
- 20.2.4. By Distribution Channel
20.3. Canada Market Analysis
- 20.3.1. By Nature
- 20.3.2. By Form
- 20.3.3. By End Use
- 20.3.4. By Distribution Channel
20.4. Mexico Market Analysis
- 20.4.1. By Nature
- 20.4.2. By Form
- 20.4.3. By End Use
- 20.4.4. By Distribution Channel
20.5. Brazil Market Analysis
- 20.5.1. By Nature
- 20.5.2. By Form
- 20.5.3. By End Use
- 20.5.4. By Distribution Channel
20.6. Argentina Market Analysis
- 20.6.1. By Nature
- 20.6.2. By Form
- 20.6.3. By End Use
- 20.6.4. By Distribution Channel
20.7. Germany Market Analysis
- 20.7.1. By Nature
- 20.7.2. By Form
- 20.7.3. By End Use
- 20.7.4. By Distribution Channel
20.8. Italy Market Analysis
- 20.8.1. By Nature
- 20.8.2. By Form
- 20.8.3. By End Use
- 20.8.4. By Distribution Channel
20.9. France Market Analysis
- 20.9.1. By Nature
- 20.9.2. By Form
- 20.9.3. By End Use
- 20.9.4. By Distribution Channel
20.10. U.K. Market Analysis
- 20.10.1. By Nature
- 20.10.2. By Form
- 20.10.3. By End Use
- 20.10.4. By Distribution Channel
20.11. Spain Market Analysis
- 20.11.1. By Nature
- 20.11.2. By Form
- 20.11.3. By End Use
- 20.11.4. By Distribution Channel
20.12. Poland Market Analysis
- 20.12.1. By Nature
- 20.12.2. By Form
- 20.12.3. By End Use
- 20.12.4. By Distribution Channel
20.13. Russia Market Analysis
- 20.13.1. By Nature
- 20.13.2. By Form
- 20.13.3. By End Use
- 20.13.4. By Distribution Channel
20.14. China Market Analysis
- 20.14.1. By Nature
- 20.14.2. By Form
- 20.14.3. By End Use
- 20.14.4. By Distribution Channel
20.15. Japan Market Analysis
- 20.15.1. By Nature
- 20.15.2. By Form
- 20.15.3. By End Use
- 20.15.4. By Distribution Channel
20.16. S. Korea Market Analysis
- 20.16.1. By Nature
- 20.16.2. By Form
- 20.16.3. By End Use
- 20.16.4. By Distribution Channel
20.17. India Market Analysis
- 20.17.1. By Nature
- 20.17.2. By Form
- 20.17.3. By End Use
- 20.17.4. By Distribution Channel
20.18. Turkey Market Analysis
- 20.18.1. By Nature
- 20.18.2. By Form
- 20.18.3. By End Use
- 20.18.4. By Distribution Channel
20.19. South Africa Market Analysis
- 20.19.1. By Nature
- 20.19.2. By Form
- 20.19.3. By End Use
- 20.19.4. By Distribution Channel

21. Market Structure Analysis

21.1. Market Analysis by Tier of Companies (Butter)
21.2. Market Concentration
21.3. Market Presence Analysis

22. Competition Analysis

22.1. Competition Dashboard
22.2. Competition Deep Dive
- 22.2.1. Royal FrieslandCampina N.V
  - 22.2.1.1. Overview
  - 22.2.1.2. Product Portfolio
  - 22.2.1.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.1.4. Sales Footprint
  - 22.2.1.5. Strategy Overview
- 22.2.2. Fonterra Co-operative Group Limited
  - 22.2.2.1. Overview
  - 22.2.2.2. Product Portfolio
  - 22.2.2.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.2.4. Sales Footprint
  - 22.2.2.5. Strategy Overview
- 22.2.3. Groupe Lactalis S.A.
  - 22.2.3.1. Overview
  - 22.2.3.2. Product Portfolio
  - 22.2.3.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.3.4. Sales Footprint
  - 22.2.3.5. Strategy Overview
- 22.2.4. Arla Foods amba
  - 22.2.4.1. Overview
  - 22.2.4.2. Product Portfolio
  - 22.2.4.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.4.4. Sales Footprint
  - 22.2.4.5. Strategy Overview
- 22.2.5. Amul (GCMMF)
  - 22.2.5.1. Overview
  - 22.2.5.2. Product Portfolio
  - 22.2.5.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.5.4. Sales Footprint
  - 22.2.5.5. Strategy Overview
- 22.2.6. Dean Foods Co
  - 22.2.6.1. Overview
  - 22.2.6.2. Product Portfolio
  - 22.2.6.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.6.4. Sales Footprint
  - 22.2.6.5. Strategy Overview
- 22.2.7. Glanbia Plc.
  - 22.2.7.1. Overview
  - 22.2.7.2. Product Portfolio
  - 22.2.7.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.7.4. Sales Footprint
  - 22.2.7.5. Strategy Overview
- 22.2.8. Saputo Inc.
  - 22.2.8.1. Overview
  - 22.2.8.2. Product Portfolio
  - 22.2.8.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.8.4. Sales Footprint
  - 22.2.8.5. Strategy Overview
- 22.2.9. OMSCO
  - 22.2.9.1. Overview
  - 22.2.9.2. Product Portfolio
  - 22.2.9.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.9.4. Sales Footprint
  - 22.2.9.5. Strategy Overview
- 22.2.10. Dairy Farmers of America
  - 22.2.10.1. Overview
  - 22.2.10.2. Product Portfolio
  - 22.2.10.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.10.4. Sales Footprint
  - 22.2.10.5. Strategy Overview
- 22.2.11. Valio Oy
  - 22.2.11.1. Overview
  - 22.2.11.2. Product Portfolio
  - 22.2.11.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.11.4. Sales Footprint
  - 22.2.11.5. Strategy Overview
- 22.2.12. Meiji Holdings Company, Ltd.
  - 22.2.12.1. Overview
  - 22.2.12.2. Product Portfolio
  - 22.2.12.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.12.4. Sales Footprint
  - 22.2.12.5. Strategy Overview
- 22.2.13. Land O' Lakes, Inc.
  - 22.2.13.1. Overview
  - 22.2.13.2. Product Portfolio
  - 22.2.13.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.13.4. Sales Footprint
  - 22.2.13.5. Strategy Overview
- 22.2.14. Granarolo S.P.A.
  - 22.2.14.1. Overview
  - 22.2.14.2. Product Portfolio
  - 22.2.14.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.14.4. Sales Footprint
  - 22.2.14.5. Strategy Overview
- 22.2.15. Nestle S.A.
  - 22.2.15.1. Overview
  - 22.2.15.2. Product Portfolio
  - 22.2.15.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.15.4. Sales Footprint
  - 22.2.15.5. Strategy Overview
- 22.2.16. Kerry Group
  - 22.2.16.1. Overview
  - 22.2.16.2. Product Portfolio
  - 22.2.16.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.16.4. Sales Footprint
  - 22.2.16.5. Strategy Overview
- 22.2.17. Sodiaal International SA
  - 22.2.17.1. Overview
  - 22.2.17.2. Product Portfolio
  - 22.2.17.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.17.4. Sales Footprint
  - 22.2.17.5. Strategy Overview
- 22.2.18. Britannia Industries Ltd
  - 22.2.18.1. Overview
  - 22.2.18.2. Product Portfolio
  - 22.2.18.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.18.4. Sales Footprint
  - 22.2.18.5. Strategy Overview
- 22.2.19. Savencia Fromage & Dairy
  - 22.2.19.1. Overview
  - 22.2.19.2. Product Portfolio
  - 22.2.19.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.19.4. Sales Footprint
  - 22.2.19.5. Strategy Overview
- 22.2.20. DMK Group
  - 22.2.20.1. Overview
  - 22.2.20.2. Product Portfolio
  - 22.2.20.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.20.4. Sales Footprint
  - 22.2.20.5. Strategy Overview
- 22.2.21. OMIRA GmbH
  - 22.2.21.1. Overview
  - 22.2.21.2. Product Portfolio
  - 22.2.21.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.21.4. Sales Footprint
  - 22.2.21.5. Strategy Overview
- 22.2.22. Others (Available on Request)
  - 22.2.22.1. Overview
  - 22.2.22.2. Product Portfolio
  - 22.2.22.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.2.22.4. Sales Footprint
  - 22.2.22.5. Strategy Overview