Butter Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2032

The global butter market is set to witness growth at a CAGR of 4.9% over the forecast period (2022-2032), topping a valuation of US$ 28.7 Bn by 2032.

Butter has a wider applicability in food industry and is used in making sauces or for frying and to the different packaged food items or snacks such as wafers and cookies. Consumers are experimenting different products with varied tastes and flavours. Hence, increasing demand for unique taste profiles by millennials is predicted to boost the market over the forecast period.

Request a sample to obtain authentic analysis and comprehensive market insights @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14400

Demand for unique taste profiles and textures by millennials is expected to create opportunities for manufacturers of butter. Besides, the demand for butter is growing in the foodservice industry due to the increasing consumption of fast food in developing economies owing to the fast-paced lifestyles and higher expenditure over out-of-home food consumption.

Butter is used as a staple food item in households encouraging the manufacturers to launch various butter-based food items such as low-fat butter, spreadable butter, flavoured butter, to woo consumers. This is expected to create a larger customer base. Backed by the above-mentioned factors, demand for butter is predicted to increase at a higher rate in the coming decade.

Key Takeaways from Market Study

  • Europe is expected to dominate the global market, accounting for the maximum market value share of about 25% by 2022
  • Rising consumption of snacks and fast food items is increasing the demand for butter across the globe during the assessment period (2022-2032)
  • By product type, salted butter is expected to account for the maximum market value share of the global market by 2022
  • In case of end use segment, food processing and dressing and spreads are expected to gain momentum and show an impressive growth over the forecast period (2022-2032)
  • Indirect channel is expected to account for a higher market value share than direct channel by 2032 end

 “Trend of homemade breakfast and lunch is being revived as numerous customers are striving to save money by opting for home-cooked meals instead of picking up meals on-the-go, which is anticipated to drive the butter market growth.”, says a Future Market Insights analyst.

Competitive Landscape

Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,

  • Recently, a company named ‘Land O’ Lakes, Inc.’, a dairy products manufacturing company has introduced two new spreadable butter products namely, LAND O LAKES Light Spreadable Butter with Canola Oil and LAND O LAKES Less Sodium Butter with Canola Oil. This product has less cholesterol than regular butter and 50% less fat and calories.

Global Butter Market by Category

By Product Type:

  • Cultured Butter
  • Uncultured Butter
  • Salted Butter
  • Whipped Butter
  • Others

By Processing:

  • Processed Butter
  • Unprocessed Butter

By Usage:

  • Spreadable
  • Non-spreadable

By End Use:

  • Food Processing
  • Bakery
  • Dairy and Frozen Desserts
  • Dressings and Spreads
  • Others

By Distribution Channel:

  • Direct
  • Indirect
    • Hypermarkets/Supermarkets
    • Convenience Store
    • Specialty Stores
    • Independent Retailers
    • Online Retailers

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Request for Report Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-14400

Key Questions Answered in the Report

  • What is the market scenario of butter market?
  • At what rate is the global butter market expected to grow?
  • How are market players reacting to the new developments in the butter market?
  • How much share does the top 10 companies in the butter market hold?
  • Which are the major countries driving demand for butter?

Information Source: https://www.futuremarketinsights.com/reports/butter-market

Comments

Post a Comment

Popular posts from this blog

Chewable Energy Tablet Market Potential Growth, Share, Demand and Analysis of Key Players — Forecasts to 2034

 The global  chewable energy tablet market  value is estimated to total  US$ 478.9 million  in 2024. It will likely exhibit a CAGR of  8.9%  throughout the forecast period, totaling a valuation of  US$ 1,120.6 million  by 2034. Consumers mostly prefer orange-flavored chewable energy tablets owing to their perceived health benefits and other advantages. As per the latest analysis, the orange flavor segment will likely progress at a CAGR of  5.6%  through 2034. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-19020 Several factors are predicted to fuel the growth of the chewable energy tablet industry during the assessment period. These include: Increasing demand for convenient and portable energy sources Growing health consciousness Rising preference of fitness enthusiasts towards chewable energy products Escalating  demand for functional foods Ava...
Read more

Canned Soup Market Growth Opportunities, Industry Analysis, Size, Share, Geographic Segmentation & Competitive Landscape Report To 2032

 The  canned soup market  is witnessing significant growth in recent years due to the convenience it offers to consumers. Canned soups are a quick and easy meal option, saving time and effort in the kitchen. With an increasing number of working individuals and busy lifestyles, the demand for ready-to-eat meals is soaring. Additionally, the pandemic has further driven the market, as people seek shelf-stable, long-lasting food options during lockdowns. The global canned soup market is anticipated to rise at a CAGR of 6.6% over the projected period, reaching a market value of US$ 2.8 Bn by 2022. Furthermore, consumers prefer canned soup products to alternative protein sources because of benefits such as balanced macro and micronutrients, as well as high protein content. As the consumption of processed foods is increasing across the globe, the demand in the market is expected to surge. Dive into the dynamic world of the Canned Soup Market with our exclusive Sa...
Read more

Moringa Tea Market Size 2024 Global Industry Share, Top Players, Opportunities And Forecast To 2034

 The global  moringa tea market  size to record a valuation of US$ 8,001.40 million in 2024. Looking ahead to 2034, the current forecast projects a CAGR of 10.40% throughout. Current projections of the moringa tea industry imply a valuation of US$ 21,456.10 million by 2034. Impelling Causes Bolstering Moringa Tea Demand Owing to its health benefits, moringa tea is a proliferating trend among other tea beverages on the market, such as the well-known matcha tea. The market niche of moringa tea is evolving due to its appeal to tea lovers and health-conscious consumers. Moringa tea stands out from other tea products due to its high nutritious content and lack of caffeine. Among the products made from moringa are oil, tea, seeds, and other health-related items. The global moringa tea market is augmenting due to the ease with which raw materials can be obtained and the extensive network of exporters of moringa tea. Request a Sample Report!  https://www.futuremarket...
Read more