Table Butter Market in India Report by Sector (Retail Sector, Institutional Sector), and Region 2024-2032

Table Butter Market in India Report by Sector (Retail Sector, Institutional Sector), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A783
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Market Overview:

The table butter market in India size reached INR 77.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 326.8 Billion by 2032, exhibiting a growth rate (CAGR) of 16.8% during 2024-2032. The increasing population, rising consumption of ready-to-eat (RTE) food products, and the expansion of QSRs represent some of the key factors driving the market.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
INR 77.3 Billion
Market Forecast in 2032
INR 326.8 Billion
Market Growth Rate 2024-2032 16.8%


Table butter is prepared by churning fresh cream and separating the fat from the buttermilk. It has common salt, annatto or carotene, and diacetyl for adding color and enhancing flavor. It is enriched with niacin, calcium, phosphorus, riboflavin, antioxidants, and vitamins A, E, B12, and K. It remains solid under refrigeration, melts down at high temperatures, and maintains a spreadable consistency at room temperature. Its moderate consumption assists in improving immune function, supporting heart health, and protecting cells against damage caused by free radicals. Besides this, as table butter contains calcium, it promotes bone growth and development and prevents osteoporosis. It is used for spreading on bread, making sandwiches, and enhancing the flavor of veggies and other dishes.

Table Butter Market in India Trends:

At present, there is an increase in the consumption of food on account of the growing population of India. This, in confluence with the burgeoning food and beverage (F&B) industry and rising reliance on ready-to-eat (RTE) food products, represents one of the key factors creating a positive outlook for the market. The widespread adoption of table butter in the preparation of a variety of recipes, such as bakery goods and fried foods, and as a condiment on cooked items due to its rich creaminess is also driving the product demand. Furthermore, the expansion of cafes, cloud kitchens, and quick service restaurants (QSRs) across the country is increasing the sales of table butter. Moreover, the rising prevalence of bone disorders like osteoporosis and the growing awareness among individuals about the health benefits of milk products are contributing to the growth of the market. Apart from this, leading manufacturers are focusing on introducing novel flavors and varieties in table butter to attract a wider consumer base. They are also launching dairy-free, low-fat and -calorie, organic, unsalted, and slightly salted variants to attract the rapidly expanding health-conscious and vegan population. Additionally, they are increasingly investing in aggressive promotional activities, such as celebrity endorsements through social media platforms and television (TV), which are expected to propel market growth. Besides this, the easy product availability across offline and online distribution channels in India is supporting the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the table butter market in India, along with forecasts at the country and state level from 2024-2032. Our report has categorized the market based on sector.

Sector Insights:

  • Retail Sector
  • Institutional Sector
     

The report has also provided a detailed breakup and analysis of the table butter market in India based on the sector. This includes the retail sector and the institutional sector. According to the report, the retail sector represented the largest segment.

Regional Insights:

  • Karnataka
  • Maharashtra
  • Tamil Nadu
  • Delhi
  • Gujarat
  • Andhra Pradesh and Telangana
  • Uttar Pradesh
  • West Bengal
  • Kerala
  • Haryana
  • Punjab
  • Rajasthan
  • Madhya Pradesh
  • Bihar
  • Orissa
     

The report has also provided a comprehensive analysis of all the major regional markets that include Karnataka, Maharashtra, Tamil Nadu, Delhi Gujarat, Andhra Pradesh and Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar and Orissa. According to the report, Maharashtra was the largest market for table butter market in India. Some of the factors driving the Maharashtra market included the expansion of hotels, restaurants, and cloud kitchens in the state, increasing consumer reliance on fast food, and the thriving F&B industry.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being GCMMF, KMF, TN Cooperative and Mother Dairy.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units INR Billion, Million Kg
Segment Coverage Sector, State
States Covered Karnataka, Maharashtra, Tamil Nadu, Delhi, Gujarat, Andhra Pradesh and Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar, Orissa
Companies Covered GCMMF, KMF, TN Cooperative, Mother Dairy
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
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 Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the table butter market in India from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the table butter market in India.
  • The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key state-level markets.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the table butter market in India and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The table butter market in India was valued at INR 77.3 Billion in 2023.

We expect the table butter market in India to exhibit a CAGR of 16.8% during 2024-2032.

The widespread demand for dairy-free, organic, and unsalted product variants among the health- conscious and vegan population is primarily driving the table butter market in India.

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 across the nation.

Based on the sector, the table butter market in India can be segmented into retail sector and institutional sector. Currently, the retail sector holds the majority of the total market share.

On a regional level, the market has been classified into Maharashtra, Uttar Pradesh, Andhra Pradesh, Tamil Nadu, Gujarat, Rajasthan, Karnataka, Madhya Pradesh, West Bengal, Bihar, Delhi, Kerala, Punjab, Orissa, and Haryana, where Maharashtra currently dominates the table butter market in India.

Some of the major players in the table butter market in India include GCMMF, KMF, TN Cooperative, and Mother Dairy.

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Table Butter Market in India Report by Sector (Retail Sector, Institutional Sector), and Region 2024-2032
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