According to the latest report by IMARC Group, titled "Table Butter Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the table butter market in India reached a value of US$ 54.1 Billion in 2021. Table butter refers to a food product that is generally obtained from the milk of goats, buffalos, cows and sheep. It is prepared by mixing milk fat, non-fat milk solids and salt that are churned until the butter fat separates from the milk products. It is a common dairy product that is widely utilized in the preparation of numerous food items, including bakery foods, gravy, meat products, pasta, noodles and spreads. It is a rich source of several essential nutrients, such as vitamins A, E, B12 and K, fats and calories that are required for overall health development.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Table Butter Market in India Trends:
The market in India is primarily driven by the widespread product utilization in the food and beverage industry. Along with this, the changing dietary patterns and the increasing preference for leading a healthy lifestyle among the masses are creating a positive market outlook. Moreover, the proliferation of cafes and quick service restaurants across the country is providing a boost to the sales of table butter. Additionally, several leading players are heavily investing in the launching of diversified table butter flavors, such as garlic, salted, unsalted, herb and oregano, which are gaining widespread prominence among individuals. Furthermore, continual technological advancements in the manufacturing processes are also impacting the market growth favorably. Other factors, including the inflating disposable income levels of individuals, easy product availability via online and offline organized retail channels, the advent of the home delivery models and the growing popularity of western cuisines among the masses, are positively influencing the market across India. On account of the aforementioned factors, the market is anticipated to reach a value of INR 157.7 Billion by 2027, exhibiting a CAGR of 20.4% during 2022-2027.
- Based on the states, the market has been divided into Maharashtra, Uttar Pradesh, Andhra Pradesh, Tamil Nadu, Gujarat, Rajasthan, Karnataka, Madhya Pradesh, West Bengal, Bihar, Delhi, Kerala, Punjab, Orissa and Haryana. Currently, Maharashtra holds the leading position in the market.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include GCMMF, KMF, TN Cooperative and Mother Dairy.
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