Global Butter Market Size, Share, Growth Analysis, By Product(Cultured Butter, Uncultured Butter and Others), By Distribution Channels(Offline and Online)

Description

Global Butter Market size was valued at USD 54.07 Billion in 2022 and is poised to grow from USD 55.58 Billion in 2023 to USD 69.33 Billion by 2031, at a CAGR of 2.80% during the forecast period (2024-2031).

The surge in demand for butter, a staple ingredient in numerous household food preparations worldwide, is being further fueled by the introduction of various flavored variants, thus intensifying market interest. However, market expansion is hindered by the availability of healthier alternatives like margarine and regulatory constraints imposed on butter manufacturing and distribution. Notably, the predominant driver in the regional market is the increasing consumer inclination towards dairy products, particularly butter, known for their extended shelf life. Despite a noteworthy 22.02% global market growth in 2021 compared to the average year-over-year growth from 2017 to 2019, the compound annual growth rate (CAGR) has dwindled due to burgeoning health concerns among consumers globally. Yet, the introduction of low-fat, low-calorie, and low-cholesterol butter products is diversifying the consumer base, catering to health-conscious individuals and fitness enthusiasts, consequently projecting an upsurge in market growth in the forthcoming years.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Butter Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Butter Market Segmental Analysis

Global Butter Market is segmented on the basis of product, distribution channels, and region. By product, the market is segmented into cultured butter, uncultured butter and others. By distribution channels, the market is segmented into offline and online. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Butter Market

The butter market has experienced a rise in creative packaging solutions like resealable pouches, easy-to-use butter sticks, and tubes of butter. These packaging advancements have boosted the convenience and availability of butter for consumers, making it more accessible and user-friendly.

Restraints in the Global Butter Market

The rising popularity of margarine and other butter alternatives, driven by their affordability and perceived health advantages, is intensifying market competition. This heightened competition poses a potential constraint on the growth of the butter market.

Market Trends of the Global Butter Market

The butter market has experienced a surge in attention towards product innovation, marked by the emergence of flavored butters, spreadable variants, and butter blends. Moreover, manufacturers are actively pursuing packaging advancements to enhance the convenience and accessibility of butter for consumers.

Product Code: SQMIG30I2304

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Butter Market by Product

Market Overview
Cultured Butter
Uncultured Butter and Others

Global Butter Market by Distribution Channels

Market Overview
Offline and Online

Global Butter Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Fonterra Co-operative Group - New Zealand
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Arla Foods - Denmark
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lactalis Group - France
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Royal FrieslandCampina - Netherlands
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Dairy Farmers of America - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ornua Co-operative Limited - Ireland
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Amul - India
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Land O'Lakes - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Megmilk Snow Brand - Japan
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Murray Goulburn - Australia
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
DMK Group - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Saputo - Canada
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Agropur Cooperative - Canada
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Glanbia plc - Ireland
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bel Group - France
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Westland Milk Products - New Zealand
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
LAicteos Brasil - Brazil
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Saputo Dairy Australia - Australia
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Milkiland - Ukraine
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sodiaal - France
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hochwald Foods - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Strauss Group - Israel
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Butter Market Size, Share, Growth Analysis, By Product(Cultured Butter, Uncultured Butter and Others), By Distribution Channels(Offline and Online) - Industry Forecast 2024-2031