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According to the report, the global table butter market reached a value of around US$ 44 Billion in 2020. Flourishing food-manufacturing industry, rising population, increasing disposable incomes and changing dietary habits currently represent some of the key factors driving the demand of this product. Looking forward, IMARC Group expects the market to grow at a CAGR of around 8% during the forecast period (2021-2026). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
On a regional level, the report has analyzed the table butter market in the following regions – Asia, European Union, North America, Latin America, Oceania, Eastern Europe and others. According to the report, Asia is currently the biggest producer of butter followed by Western Europe, North America, Oceania and other regions. For each of the regions, this report provides both historical (2015-2020) and future (2021-2026) trends in the table butter market. Other important market engineering aspects such as the competitive landscape, margin analysis, import and export, porters five forces analysis, value chain analysis, etc. have also been thoroughly evaluated in this report.
The report also provides a detailed technical insight on setting up and operating a table butter manufacturing plant. This includes the manufacturing process, machinery requirements, land requirements, labour requirements, packaging requirements, transportation requirements, power requirements, incomes, expenditures, profit margins, NPV, IRR, etc. In order to provide a clearer picture, the report has also presented this information in the form of a dynamic excel model where users can analyse the entire information and also change various inputs according to their requirements.
The study, which has been done by one of the world’s leading research and advisory firms, covers all the requisite aspects of the table butter industry. This ranges from macro overview of the market to micro details of the industry performance, manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the table butter industry in any manner.
Key Questions Answered in This Report:
Temporary closure of hotels, restaurants and cafes, along with disruptions in the global supply chains due to lockdowns imposed by governments of numerous countries to prevent the spread of the coronavirus disease (COVID-19), is negatively influencing the growth of the market.
The global table butter market reached a volume of 5 Million Metric Tons in 2019.
According to the estimates by IMARC Group, the global table butter market will exhibit moderate growth during the next five years.
The escalating demand for table butter on account of various nutritional benefits, in confluence with the thriving food and beverage (F&B) industry, represents one of the significant factors impelling the market growth.
With the increasing health consciousness among consumers, leading players are introducing cholesterol-free table butter, which is made using pure refined vegetable oils. This is acting as one of the major trends in the global table butter market.
Region-wise, the market has been segmented into the European Union, North America, Eastern Europe, Oceania, Latin America and Asia.
Leading industry players are Lactalis International, Nestlé S.A., Dairy Farmers of America, Inc., Arla Foods amba, Land O’Lakes, Inc. and Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF).
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