Table butter is made by churning fresh/fermented cream or milk so as to separate the butterfat from the buttermilk. It remains solid under refrigeration, but softens to a spreadable consistency at room temperature, and melts to a thin liquid consistency at high temperature. Table butter is one of the most commonly consumed dairy product, and is used as a basic ingredient in the food industry. It also represents one of the fastest growing food segment in India. A recently released report by IMARC Group, titled “Table Butter Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, critically examines the Indian table butter market. The report finds that the market reached a value of around INR XX Billion in 2017, exhibiting a CAGR of 18% during 2010-2017. The major factors which have contributed to the growth of the market include population growth, rising urbanisation rates as well as the western influence on the traditional methods of cooking. According to the report, the market is further expected to reach a value of INR 85 Billion by 2023, growing at a CAGR of XX% during 2018-2023.
The report has examined the Indian Table Butter Market in 15 major states:
For each of the states, the report provides a thorough analysis of the current and historical value and volume trends, market share of key players and market forecast. Currently, Maharashtra represents the largest market, accounting for nearly XX% of the total share. It is followed by Tamil Nadu and Uttar Pradesh. The competitive landscape of the Indian table butter market has also been covered in this report. Some of the prominent players operating in the market include GCMMF, KMF, TN Cooperative and Mother Dairy.
The study gives an in-depth analysis of the table butter market landscape in India, covering the current, historical and future trends for table butter production along with its prices. The report also offers SWOT, Value Chain and Porter’s Five Forces analysis of the Indian table butter market along with breakup by segment, region, and an analysis of the competitive landscape. The study is based on both desk research and multiple waves of qualitative primary research. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian table butter market in any manner.
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