Global Butter Market to Grow at a CAGR of 3.2% During 2024-2032, Aided by Growing Innovations and New Launches

Butter is a popular dairy product which is widely used in home preparations as well as food service businesses. It is typically available in salted and unsalted forms and is high in saturated fats and contains vitamins A, E, and D, among other nutrients. Butter has cultural significance in Europe and South Asia and has become a major commodity influenced by dietary patterns, contributing to the global butter market expansion.

There is a large demand for packaged butter as it is easy to store, use, and transport, making it appealing for both at home consumption and food businesses.

According to the FAO statistics, the production data from 2019 to 2021 reveals stable trends in butter production. Butter and ghee from sheep milk showed a minor decrease, from 0.07 million tonnes in 2019 to 0.06 million tonnes in 2020 and 2021. Buffalo milk butter production fluctuated slightly, with a decrease from 1.74 million tonnes in 2019 to 1.73 million tonnes in 2020, then a rise to 1.75 million tonnes in 2021. Cow milk butter, the highest production category, increased from 5.87 million tonnes in 2019 to 5.93 million tonnes in 2020 but fell to 5.80 million tonnes in 2021.

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In March 2024, Amul, the popular Indian dairy brand known for its 'Taste of India' tagline, launched its fresh milk products in the US. The company partnered with the Michigan Milk Producers Association. This expansion marks Amul's first venture outside India and aims to tap into the large Indian and Asian diaspora in the US.

In May 2024, Aldi launched recyclable paper-based packaging for its Specially Selected West Country and Yorkshire block butter lines. This initiative aims to eliminate over 10 tonnes of non-recyclable packaging annually. This initiative follows a similar move to replace plastic with paper in its Everyday Essentials cheese singles, which cut an additional 23 tonnes of plastic waste each year.

Market Breakup by Type, Usage, End Use, Distribution Channel, and Region:

• By type, the market is segmented into salted butter and unsalted butter.

• Based on usage, the market is divided into spreadable and non-spreadable.

• The market by end-users is segmented into food processing, food service, and food retail.

• Based on distribution channel, the market can be divided into supermarkets/hypermarkets, convenience stores, online, others. 

• Region-wise, the global butter market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• There is a significant shift towards healthier and organic food choices, with consumers increasingly preferring natural ingredients. This trend has led to heightened demand for organic and grass-fed butter, perceived as healthier options due to their higher nutritional content and natural production methods.

• Packaged butter is experiencing increased demand due to its convenience and the growing trend of home cooking and baking.  

• Culinary globalisation is influencing butter use, with manufacturers and chefs experimenting with diverse flavours and ingredients. 

• Companies are increasingly launching  organic variants, targeting health-conscious customers, and are also focusing on improving product packaging, incorporating sustainable materials like paper over plastic.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for butter for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the type, usage, end use, distribution channel, and major regions of the butter market.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global butter market are Lactalis International, Land O’Lakes, Inc., Fonterra Co-operative Group Limited, Royal FrieslandCampina N.V., Arla Foods amba, Gujarat Co-operative Milk Marketing Federation Ltd (AMUL), Dairy Farmers of America, Inc., Müller Group, Ornua Co-operative Limited, Organic Valley, and Meadow Foods Limited, amongst others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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