Report Overview

The global butter market size was USD 40.04 billion in 2023 and is projected to grow from USD 41.67 billion in 2024 to USD 58.16 billion by 2032 at a CAGR of 4.26% during the forecast period (2024-2032). This vital information is presented by Fortune Business Insights™, in its report titled, “Butter Market, 2024-2032.”

Rising demand for processed food products such as bakery, confectionery, desserts, and ready-to-eat meals among consumers is expected to increase the footprint of the market during the forecast period. Additionally, increased demand for packaged butter across physical retail and foodservice channels will boost the market growth.

List of Key Players Present in the Market

• Fonterra Co-operative Group (New Zealand)
• Arla Foods (Denmark)
• Dairy Farmers of America (U.S.)
• Gujarat Co-operative Milk Marketing Federation (India)
• Ornua Co-operative Ltd. (Ireland)
• Land O’Lakes, Inc. (U.S.)
• Nestle India Ltd. (India)
• Organic Valley Family of Farms (U.S.)
• Royal FrieslandCampina NV (Netherlands)
• The Kraft Heinz Company (U.S.)

Source: https://www.fortunebusinessinsights.com/butter-market-106457

Segments

Type, End-Use, and Region are Studied

On the basis of type, the market is divided into salted and unsalted.

By end-use, the market is segmented into industrial processing, retail channels, and foodservice.

In terms of geography, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.