BUTTER MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Butter Market Analysis:

The Butter Market is anticipated to experience growth, expanding from USD 30.06 billion in 2023 to USD 36.20 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 3.79% during the forecast period (2023–2028).

Butter is considered a staple food in many households worldwide, resulting in an increase in demand. Furthermore, the availability of various flavored butter is expected to further boost its demand in the market. However, the presence of healthy alternatives to butter, such as margarine, and government regulations in the production and distribution of butter are hindering market growth. Additionally, the rising preference for shelf-stable dairy products, including butter, for at-home consumption is identified as the primary market driver in the region.

Moreover, the market is characterized by numerous brands catering to the Business-to-Consumer (B2C) market by providing quality products at varying price points. The modernization of dairy farming has also led to increased production of dairy products, including butter, across Asia, North America, and other regions. Furthermore, households are increasingly using butter in cooking or spreading it on their morning toast. Consumers have easy access to a wide range of butter brands at grocery stores, hypermarkets, and online retailers. These factors have been driving the butter market globally.

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