Global Butter Market (2021 to 2026) – Growth, Trends, COVID-19 Impact, and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Butter Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The global butter market is expected to grow at a CAGR of 3.6% during the forecast period (2021-2026).
Companies Mentioned
- Fonterra Co-operative Group
- Arla Foods
- Ornua Co-operative Ltd
- CROPP Cooperative (Organic Valley)
- Dairy Farmers of America, Inc.
- Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF)
- Meadow Foods Ltd.
- MS Iceland Dairies
- Yili Group
- Lactalis International
- Danone S.A
Key Market Trends
Increase in Demand For Low Fat/Calorie/Cholesterol Butter
Awareness of excessive butter fat intake which can lead to cardiovascular diseases has led to a shift in the category of low fat, low cholesterol, and low-calorie butter. Therefore owing to such factors, butter brands such as Fonterra, Arla Foods, etc. have introduced butter of low fat and cholesterol to meet the consumer’s needs in the market. For instance, in 2017 Finlandia launched a spreadable butter with canola oil and a 25% reduced-fat spreadable butter with canola oil. The butter is made with non-GMO canola oil.
Also, with the increasing inclination towards healthy butter, countries around the world have started to increase the production of low-fat butter. For instance, as per the data analysed by the Office for National Statistics (UK), there is a significant increase in sales volume of low-fat butter (not exceeding 85% by weight) from the year 2016 to 2019 in the United Kingdom thus, further leading to the overall sales in the market studied.
Asia-Pacific Region is the Fastest Growing Market for Butter
As per the US Department of Agriculture and Economic Research Service, India was one of the leading butter-producing countries in 2018, producing 5.6 million metric tons of butter. The Asia-Pacific butter supply has always been highly influenced, in increasing quantities, by the domestic market. Butter processing plants in the Asia-Pacific region have been significantly expanding to meet the consumer’s demand, and therefore fueling the market growth. Also, while butter is primarily associated with Western cuisines, its potential use in Chinese cuisine has been heavily promoted by major producers such as Fonterra, thus further increasing application in Asian cuisine and subsequently in the Asian market.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Product type
5.2 By Distribution Channel
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19 ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/78horg
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