Butter is a milk product produced by churning milk. It is a semi-solid emulsion that is extracted from milk's fat and protein content. Butter color isn't substantial. Even more yellow butter is not rich, only colored artificially. Colorless unsalted butter is the most delicate and expensive. Butter is also made of other mammals, such as sheep, goats, and buffalo. It has a rich flavor and creamy texture, due to the high concentration of fat. It is high in calories and fat but it also contains a range of essential nutrients. It is a good source of vitamin A, a fat-soluble vitamin required for healthy skin, immune system, and healthy vision. It also contains vitamin E that supports heart health and acts as an antioxidant against the damaged cells. It also contains very small quantities of other nutrients, including niacin, calcium, and phosphorus.
COVID-19 Scenario Analysis:
The worldwide pandemic occurrence has significantly reduced the production and supply chain of butter due to labor movements and trade barriers. As butter is a part of “essential good item” and available on every store, it increases the demand in the household. Due to shutdown of all bakeries, restaurants and cafes have been impacted badly, as butter is the essential ingredient in the food and desserts.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Increase in population, surge in urbanization, and western influence on the traditional method of cooking boosts the growth of the butter market. Changes in lifestyle, food habits, and affordable prices lead to the creation of more demand for the butter market.
Increase in demand for bakeries and confectioneries, butter is an essential ingredient of these industries. The demand for ready-to-eat products such as bread, rolls, cakes, biscuits, cereals for breakfasts, doughnuts, and pastries impacts positively on the sales of the butter market.
Increase in demand for butter in food processing drives the growth of the butter market. Besides, the growth of the hotels, restaurants, and cafés is boosting the market growth. Food processing is further segmented into bakery &confectionary, dairy, frozen desserts, spreads, and sauces.
Increase in demand for low fat butter
Awareness of the excessive intake of butter which can lead to cardiovascular diseases has led to shift the consumer t in the category of low fat, low cholesterol, and low-calorie butter. Companies such as Amul and Fonterra, introduced the low-fat butter according to the preferences of the consumer. Due to high conscious people there is a significant shift in the sale of low-fat butter.
Asia-Pacific is expected to form a majority share in the butter market during the coming years. Market growth in Asia-Pacific is also attributable to the growth of the chocolate industry. Butter is a key ingredient in the chocolate industry and so the growth of the chocolate industry is facilitating the growth of the butter market. Increasing of bakeries and confectioneries industry in the Asia Pacific region increases the demand for butter. In the Asia-Pacific region, butter processing plants have expanded significantly to meet consumer demand and thus fuel the market growth.
Key Benefits of the Report:
- This study presents the analytical depiction of the butter Industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the butter market share.
- The current market is quantitatively analyzed to highlight the global butter market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed butter market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Butter Market Research Report:
- What are the leading market players active in the butter market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Butter Market Report Highlights
By Distribution Channel
Key Market Players
Fonterra Co-operative Group (New Zealand), Ornua Co-operative Limited (Ireland), Lactalis Group (France), Dairy Farmers of America, Inc. (the US), Land O'Lakes, Inc. (US), Royal FrieslandCampina N.V. (Netherlands), Organic Valley (US)., Delta Nutritives (India), Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF/Amul) (India), Arla Foods amba (Denmark)