Table Butter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032

Table Butter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A707
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Market Overview:

The global table butter market size reached US$ 49.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 104.2 Billion by 2032, exhibiting a growth rate (CAGR) of 8.4% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 49.4 Billion
Market Forecast in 2032
US$ 104.2 Billion
Market Growth Rate 2024-2032 8.4%


Table butter is prepared using pasteurized cream that is obtained from milk and milk products. It also includes common salt, annatto or carotene for adding color and diacetyl as a flavoring agent. It undergoes changes in form depending on the surrounding temperature. For instance, it remains solid under refrigeration, softens to a spreadable consistency at room temperature and melts into a liquid consistency at a higher temperature. Table butter has niacin, calcium, phosphorus, riboflavin, antioxidants and vitamins A, B and E. As a result, its adequate consumption assists in improving immune function, supporting heart health and protects cells against damage caused by free radicals.

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Table Butter Market Trends:

Due to its creaminess and rich taste, table butter finds extensive application in the preparation of a variety of dishes, such as bakery products and fried foods. It is also used as a spread on toasted products and a condiment on cooked products. This, coupled with numerous innovations and advancements in the food industry, is strengthening the growth of the market. Apart from this, leading market players are coming up with novel table butter flavors and varieties to suit the taste and preference of a vast consumer base. These players are also focusing on upgrading product packaging to make it more aesthetically appealing. Besides this, they are considerably investing in promoting their products through digital marketing and celebrity endorsements. Furthermore, key manufacturers are launching dairy-free, organic, unsalted, slightly salted, and goat milk table butters to target the health-conscious and vegan population. These initiatives are anticipated to positively influence the overall sales of table butter across the globe. Some of the other factors projected to impel the market growth include rising global population, changing dietary patterns and inflating disposable incomes of individuals in developing regions.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global table butter market report, along with forecasts at the global and regional level from 2024-2032.

Breakup by Region:

  • European Union (EU)
  • North America
  • Eastern Europe
  • Oceania
  • Latin America
  • Asia


Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Lactalis International, Nestlé S.A., Dairy Farmers of America Inc., Arla Foods Amba, Land O’Lakes, Inc., and Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion, Million Metric Tons
Scope of the Report
Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Region
Regions Covered European Union(EU), North America, Eastern Europe, Oceania, Latin America, Asia
Companies Covered Lactalis International, Nestlé S.A., Dairy Farmers of America Inc., Arla Foods Amba, Land O’Lakes, Inc., Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global table butter market was valued at US$ 49.4 Billion in 2023.

We expect the global table butter market to exhibit a CAGR of 8.4% during 2024-2032.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of table butter.

The rising health-conscious and vegan population, along with the introduction of dairy-free, organic, unsalted, slightly salted, and goat milk variants in table butters, is primarily driving the global table butter market.

On a regional level, the market has been classified into European Union (EU), North America, Eastern Europe, Oceania, Latin America, and Asia, where European Union (EU) currently dominates the global market.

Some of the major players in the global table butter market include Lactalis International, Nestlé S.A., Dairy Farmers of America Inc., Arla Foods Amba, Land O’Lakes, Inc., and Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).

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Table Butter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032
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