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2022
Lactic Butter Market

Lactic Butter Market by Type (Salted Lactic Butter and Unsalted Lactic Butter), Form (Blocks, Cubes, and Spreads), and Application (Bakery Products, Confectionery, Dairy Products, Sauces and Soups, RTE Food, Snacks, Meat Products, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A16159
Pages: NA
Jul 2022 | 51 Views
   
Author(s) : Roshan Deshmukh
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Lactic butter is a sour butter created by fermenting milk with lactic acid and then churning it to remove the moisture. Lactic butter is also known as European-style butter or cultured butter. Lactic acid butter has a minimum fat content of 82 percent, which is favored in Europe for flakier pastries and fluffy cakes. Lactic butter comes in two flavors: salted and unsalted. Unsalted lactic butter is preferred over salted lactic butter because lactic butter is mostly utilized in the foodservice industry, with the exception of Europe, where lactic butter is also consumed in the home. Lactic butter is mostly used in bread and confectionery items around the world.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Segments Covered

  Type, Form, Application, and Region

  Companies Covered

Interfood BV, Numidia BV, Milky Holland, Foodcom S.A., Dale Farm Ltd., Lactalis American Group Inc. , Fonterra Group, Glanbia Ireland , California Dairies Inc., Lakeland Dairies Co-op Society Ltd., Hoogwegt Group, and Société FIT

 

COVID-19 Impact analysis

  • COVID-19 had an adverse impact on the production of Lactic Butter. Many manufacturers engaged in this industry faced problem due to shut down of the production facilities due to lockdown.
  • Supply chain was disrupted due to COVID-19. Firms were not able to obtain material that they need at the right time, this situation was worsened because many countries went into lockdown at different times and they also reopened at different times. This has caused many problems for the manufacturers as they suffered losses due to loss of sales.
  • Manufacturers of these products were also struggling financially. Many producers suffered financial problems and faced cash crunch.

Top Impacting Factors

  • The lactic butter market has grown significantly as a result of factors such as increased demand for lactic butter in bakery products such as pastries, cakes, and other baked goods.
  • Furthermore, rising demand for lactic butter in the United States, Canada, and other economies due to a preference for low-fat butters creates a huge market opportunity for the key players.
  • However, lack of consumer awareness in developing economies of certain regulations in relation to specific applications is expected to stymie the market's overall growth.

Market Trends

Lactic Butter is becoming more popular among new foodservice operators specializing in bakery products

Lactic butter, along with sweet cream butter, has been popular in European countries and is the preferred type of butter for European pastries. Because of reasons such as increased demand for lactic butter in bakery products such as pastries, cakes, and other baked goods, the lactic butter market has seen significant expansion.As a result, lactic butter sales have dominated in Europe. However, due to the increased demand for European-style bakery items, a rise in foodservice operators specializing in bakery products has been noted in recent years.

Café culture has also grown in popularity in South Asia, East Asia, and the Middle East. As a result, demand for lactic butter has surged in these areas. Low fat butters (less than 82%) are preferred in the United States and Canada. As a result, foodservice operators in the North American region use less lactic butter than is indicated in the recipe.

Asia-Pacific to dominate the market

Lactic butter is becoming more popular in South Asia and the Middle East, where café culture is flourishing. Its availability is limited in these areas, forcing consumers to seek for substitutes for lactic butter in their recipes. Manufacturers are also concentrated in Europe, with only a few in North America. This creates white areas in the lactic butter industry for both established and new companies.

When launching lactic butter in the retail market in North America, the manufacturers should focus on lowering the fat content, as excessive fat content may deter consumers from purchasing lactic butter in favor of low-fat alternatives. In addition, lactic butter spreads will be more popular among retail customers in the region, since topping will be the favored application.

Key Benefits of the Report

  • This study presents the analytical depiction of the Lactic 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 Lactic Butter Marketshare.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the Lactic Butter Marketgrowth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Lactic Butter Marketanalysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Report

  • Which are the leading players active in the Lactic Butter Market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is Lactic Butter Market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the Lactic Butter Market?

Key Market Segments

Segments Sub-segments
Type
  • Salted Lactic Butter
  • Unsalted Lactic Butter
Form
  • Blocks
  • Cubes
  • Spreads
Application
  • Bakery Products
  • Confectionery
  • Dairy Products
  • Sauces and Soups
  • RTE Food
  • Snacks
  • Meat Products
  • Others
Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 
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