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Table Butter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 138 Pages
  • September 2023
  • Region: Global
  • IMARC Group
  • ID: 5682360

Quick Summary:

In an increasingly competitive food industry, staying ahead requires keeping a keen eye on evolving trends and market movements. The global table butter market is a crucial sector that showcases diverse consumer preferences and innovative developments. The latest market research report provides an in-depth analysis of the key growth influencers and trends shaping this rapidly-evolving market.

Table butter, consumed worldwide for its creamy texture and rich taste, is a key player in many culinary concoctions. Expanded use in baked goods, fried food items, and various flavorful dishes underpins the robust growth of the table butter market. Recent innovations and advancements in food technology have further propelled this growth. A wealthy palette of new flavors and varieties, trend-driven packaging designs, and targeted marketing strategies have been leveraged by key industry players to capture broad consumer bases. Additionally, the launch of specialized products tailored to health-conscious and vegan consumers signifies an adaptive market accommodating diverse dietary preferences and trends.

Today's global business environment demands timely, accurate, and actionable insights. Business executives who wish to make informed, strategic decisions in the table butter sector will find this research report an indispensable resource in understanding market dynamics, key segmentation, and growth forecasts. Harness the power of market intelligence today to stay ahead in the business of butter tomorrow.

The global table butter market size reached US$ 45.1 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 78.2 Billion by 2028, exhibiting a growth rate (CAGR) of 11.6% during 2023-2028.

Table butter is prepared using pasteurized cream that is obtained from milk and milk products. It also includes common salt, annatto or carotene for adding color and diacetyl as a flavoring agent. It undergoes changes in form depending on the surrounding temperature. For instance, it remains solid under refrigeration, softens to a spreadable consistency at room temperature and melts into a liquid consistency at a higher temperature. Table butter has niacin, calcium, phosphorus, riboflavin, antioxidants and vitamins A, B and E. As a result, its adequate consumption assists in improving immune function, supporting heart health and protects cells against damage caused by free radicals.

Table Butter Market Trends:

Due to its creaminess and rich taste, table butter finds extensive application in the preparation of a variety of dishes, such as bakery products and fried foods. It is also used as a spread on toasted products and a condiment on cooked products. This, coupled with numerous innovations and advancements in the food industry, is strengthening the growth of the market. Apart from this, leading market players are coming up with novel table butter flavors and varieties to suit the taste and preference of a vast consumer base. These players are also focusing on upgrading product packaging to make it more aesthetically appealing. Besides this, they are considerably investing in promoting their products through digital marketing and celebrity endorsements. Furthermore, key manufacturers are launching dairy-free, organic, unsalted, slightly salted, and goat milk table butters to target the health-conscious and vegan population. These initiatives are anticipated to positively influence the overall sales of table butter across the globe. Some of the other factors projected to impel the market growth include rising global population, changing dietary patterns and inflating disposable incomes of individuals in developing regions.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global table butter market report, along with forecasts at the global and regional level from 2023-2028.

Breakup by Region:

  • European Union (EU)
  • North America
  • Eastern Europe
  • Oceania
  • Latin America
  • Asia

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Lactalis International, Nestlé S.A., Dairy Farmers of America Inc., Arla Foods Amba, Land O’Lakes, Inc., and Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).

Key Questions Answered in This Report

1. What was the size of the global table butter market in 2022?
2. What is the expected growth rate of the global table butter market during 2023-2028?
3. What has been the impact of COVID-19 on the global table butter market?
4. What are the key factors driving the global table butter market?
5. What are the key regions in the global table butter market?
6. Who are the key players/companies in the global table butter market?
Frequently Asked Questions about the Global Table Butter Market

What is the estimated value of the Global Table Butter Market?

The Global Table Butter Market was estimated to be valued at $45.1 Billion in 2022.

What is the growth rate of the Global Table Butter Market?

The growth rate of the Global Table Butter Market is 9.6%, with an estimated value of $78.2 Billion by 2028.

What is the forecasted size of the Global Table Butter Market?

The Global Table Butter Market is estimated to be worth $78.2 Billion by 2028.

Who are the key companies in the Global Table Butter Market?

Key companies in the Global Table Butter Market include Lactalis International, Nestlé S.A., Dairy Farmers of America Inc., Arla Foods Amba, Land O’Lakes Inc., Gujarat Co and operative Milk Marketing Federation Ltd. (GCMMF).

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Table Butter Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Trends
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.7.1 Overview
5.7.2 Strengths
5.7.3 Weaknesses
5.7.4 Opportunities
5.7.5 Threats
5.8 Value Chain Analysis
5.9 Porter’s Five Forces Analysis
5.9.1 Overview
5.9.2 Bargaining Power of Buyers
5.9.3 Bargaining Power of Suppliers
5.9.4 Degree of Competition
5.9.5 Threat of New Entrants
5.9.6 Threat of Substitutes
5.10 Key Success Factors and Risk Factors
6 Performance of Key Regions
6.1 European Union
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 North America
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Eastern Europe
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Oceania
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Latin America
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Asia
6.6.1 Market Trends
6.6.2 Market Forecast
7 Competitive Landscape
8 Table Butter Manufacturing Process
8.1 Product Overview
8.2 Detailed Process Flow
8.3 Various Types of Unit Operations Involved
8.4 Mass Balance and Raw Material Requirements
9 Project Details, Requirements and Costs Involved
9.1 Land Requirements and Expenditures
9.2 Construction Requirements and Expenditures
9.3 Plant Machinery
9.4 Machinery Pictures
9.5 Raw Material Requirements and Expenditures
9.6 Raw Material and Final Product Pictures
9.7 Packaging Requirements and Expenditures
9.8 Transportation Requirements and Expenditures
9.9 Utility Requirements and Expenditures
9.10 Manpower Requirements and Expenditures
9.11 Other Capital Investments
10 Loans and Financial Assistance
11 Project Economics
11.1 Capital Cost of the Project
11.2 Techno-Economic Parameters
11.3 Product Pricing and Margins Across Various Levels of the Supply Chain
11.4 Taxation and Depreciation
11.5 Income Projections
11.6 Expenditure Projections
11.7 Financial Analysis
11.8 Profit Analysis
12 Key Player Profiles
12.1 Lactalis International
12.2 Nestlé S.A.
12.3 Dairy Farmers of America
12.4 Arla Foods Amba
12.5 Land O’Lakes
12.6 Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF)

Companies Mentioned

  • Lactalis International
  • Nestlé S.A.
  • Dairy Farmers of America Inc.
  • Arla Foods Amba
  • L
  • O’Lakes Inc.
  • Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF)