IMARC Group’s latest report, titled “Table Butter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” finds that the global table butter market size reached US$ 49.4 Billion in 2023. Table butter is one of the most commonly consumed dairy products prepared by churning fresh or fermented cream or milk to separate the butterfat from the buttermilk. It also contains other ingredients, such as common salt, annatto, carotene for adding color, and diacetyl as a flavoring agent. It remains solid under refrigeration; however, it softens to a spreadable consistency at room temperature and melts into a liquid form at a higher temperature. It is rich in calcium, antioxidants, phosphorus, riboflavin, niacin, and vitamins A, B, and E. When consumed in moderation, it helps strengthen the immune system, supports heart health, and protects cells against damage from free radicals. As a result, table butter is widely used to add flavor to food and as a basic ingredient in the food industry.
Global Table Butter Market Trends:
The rising awareness about various nutritional elements in table butter, including manganese, chromium, iodine, zinc, copper, selenium, and vitamins D and K, represents the primary factor driving the market growth. This can be attributed to the shifting dietary preferences and growing health consciousness among individuals. Additionally, due to its rich creaminess and taste, the surging adoption of table butter in the preparation of a variety of dishes, such as bakery goods and fried foods, and as a spread on toasted products and a condiment on cooked items has escalated the product demand. In line with this, the developments in the food industry, coupled with various product innovations, are propelling market growth. Besides this, the leading manufacturers are introducing novel flavors and varieties in table butter to cater to different tastes and preferences of a vast consumer base. For instance, the launch of dairy-free, low-fat and -calorie, organic, unsalted, slightly salted, and goat milk product variants to attract the rapidly expanding health-conscious and vegan population is positively influencing product sales. Furthermore, the rising investments by key players in aggressive promotional activities, such as digital marketing and celebrity endorsements, to increase their product reach have catalyzed market growth. Other factors, including the growing popularity of western cuisines, the emerging trend of home baking, increasing consumer expenditure capacities, surging consumption of bakery and confectionery products, and easy product availability, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 104.2 Billion by 2032, expanding at a CAGR of 8.4% during 2024-2032.
Market Summary:
- On a geographical front, the market has been divided into European Union (EU), North America, Eastern Europe, Oceania, Latin America, and Asia.
- The competitive landscape of the market has also been analyzed, with some of the key players being 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 Scope:
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:
|
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., and 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) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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