The table butter market in India grew at a CAGR of around 19% during 2011-2018. 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. 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 a recent report from IMARC Group, the Indian table butter market is further expected to exhibit a strong growth during 2019-2024.
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 majority of the market 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 industry in any manner.
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