"The global butter market is anticipated to observe a compound annual growth rate of 4.2% over the forecast period of 2018-2023"

— 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.

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Key Findings

• 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

Industry Updates

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.

Competitive Landscape

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.)

Segmentation

The Global Butter Market has been segmented based on Processing, Product Type, and Distribution Channel.

By Processing

• Processed

• Unprocessed

By Product Type

• Cultured butter

• Uncultured butter

• Raw cream butter

• Salted butter

By Distribution Channel

• Store-based

• Non-store based

Regional Analysis

By Region, the Global Butter Market has been segmented into Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW).

Europe is at the forefront of the global butter market. Burgeoning food industry paired with the high consumption of convenience food in the region spurs the demand for butter in the region. In addition, expanding bakery & confectionery industry also generates considerable demand within the butter market. France, Germany, Belgium, the Netherlands, and Russia are among the major exporters of butter.

North America market is driven by towering demand from the bakery & confectionery industry and food service industry.

Asia Pacific market is spurred by the expanding dairy industry and the growing consumption of butter due to increased affordability. Consumption of fast food and other delicacies are likely to provide opportunities for market growth.

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Intended Audience

• Convenience food manufacturers

• Butter manufacturers

• Retailers, Wholesalers

• E-commerce Companies

• Traders, Importers and Exporters

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Source URL: https://marketersmedia.com/butter-market-2019-global-industry-analysis-by-size-growth-trends-leading-company-analysis-opportunities-regional-and-key-country-forecast-to-2023/492423

Source: MarketersMedia

Release ID: 492423