Butter Market was worth xx billion in 2016 and
estimated to be growing at a CAGR of 4.84%, to reach xx billion by 2021.
Butter is a dairy product made by churning cream or milk. It
can be used like a spread and as a regular ingredient in cooking. From a
nutritional perspective, butter is a very good source of protein. It contains
saturated fat made from the fresh cream and milk.
Due to rising health consciousness among people, the demand
for natural products has risen which in turn drives the butter market. A rise
in the disposable incomes, especially in the developing countries, is another
driver of this market.
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In developed countries, product innovation and the increased
home baking further fuels the market. Availability of healthy alternatives to
butter, such as margarine, along with government regulations in the production
and distribution of butter restrain the market growth. Growing demand in
developing countries can be considered as an opportunity for this market.
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Butter Market Segmentation by processing, type , usage and distribution
channel. By processing the market is classified into Processed and
non-processed butter. By type it is further analysed under Cultured,
uncultured, cream and whipped, whey and salted. By usage the market is analysed
under Spreadable and non-spreadable. Non-spreadable butter segment dominates
the market.
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By distribution channel the market is segmented into
Supermarkets, convenience stores, grocery stores and others. The supermarket
segment dominates the global market. On the basis of geography, the global
market is analysed under various regions namely North America, Europe,
Asia-Pacific and Rest of the World. The Butter market was dominated by North
America. Asia Pacific is expected to be the fastest growing market during the
forecast period.
Some of the major Butter Market leaders are Amul, Arla Foods
UK Plc. , Kraft Foods Inc., FrieslandCampina, Dean Foods company.
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