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Butter and Spreads in the US

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    Report

  • 23 Pages
  • August 2023
  • Region: United States
  • Euromonitor International
  • ID: 3511347
Value growth in butter and spreads is attributed to skyrocketing unit prices across all subcategories. While some of the trends here can be traced to fast-moving consumer goods (FMCG) industry-wide embrace of a “price-over-volume” strategy, significant impacts can also be attributed to disruptions in the supply of raw ingredients. Indeed, labour shortages, rising herd feed costs, and climate disruptions have all challenged the milk supply in the US.

The analyst's Butter and Spreads in USA report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in 2023 directly informs our forecasts to 2027, clearly indicating how the market is expected to change.

Product coverage:
Butter, Cooking Fats, Margarine and Spreads.

Data coverage:
Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Butter and Spreads market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

BUTTER AND SPREADS IN THE USKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Prices skyrocket as volumes decline, compounded by a cluster of challenges
  • Global and locals trends, particularly health-consciousness, lead to vacillation in butter
  • E-commerce and foodservice grow their shares, while brick and mortar consolidates
PROSPECTS AND OPPORTUNITIES
  • Price relief appears tenuous, as substitutes remain compromised and prices remain steep
  • Butter will grow its category share, as margarine continues its decline
  • Local producers could benefit from demand for plant-based and premium butters
CATEGORY DATA
  • Table 1 Sales of Butter and Spreads by Category: Volume 2018-2023
  • Table 2 Sales of Butter and Spreads by Category: Value 2018-2023
  • Table 3 Sales of Butter and Spreads by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Butter and Spreads by Category: % Value Growth 2018-2023
  • Table 5 NBO Company Shares of Butter and Spreads: % Value 2019-2023
  • Table 6 LBN Brand Shares of Butter and Spreads: % Value 2020-2023
  • Table 7 Distribution of Butter and Spreads by Format: % Value 2018-2023
  • Table 8 Forecast Sales of Butter and Spreads by Category: Volume 2023-2028
  • Table 9 Forecast Sales of Butter and Spreads by Category: Value 2023-2028
  • Table 10 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2023-2028
  • Table 11 Forecast Sales of Butter and Spreads by Category: % Value Growth 2023-2028
DAIRY PRODUCTS AND ALTERNATIVES IN THE US
EXECUTIVE SUMMARY
  • Dairy products and alternatives in 2023: The big picture
  • Key trends in 2023
  • Competitive landscape
  • Channel developments
  • What next for dairy products and alternatives?
MARKET DATA
  • Table 12 Sales of Dairy Products and Alternatives by Category: Value 2018-2023
  • Table 13 Sales of Dairy Products and Alternatives by Category: % Value Growth 2018-2023
  • Table 14 NBO Company Shares of Dairy Products and Alternatives: % Value 2019-2023
  • Table 15 LBN Brand Shares of Dairy Products and Alternatives: % Value 2020-2023
  • Table 16 Penetration of Private Label by Category: % Value 2018-2023
  • Table 17 Distribution of Dairy Products and Alternatives by Format: % Value 2018-2023
  • Table 18 Forecast Sales of Dairy Products and Alternatives by Category: Value 2023-2028
  • Table 19 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources