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PUBLISHER: IMARC | PRODUCT CODE: 1347397

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PUBLISHER: IMARC | PRODUCT CODE: 1347397

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

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Market Overview:

The global table butter market size reached US$ 45.1 Billion in 2022. Looking forward, IMARC Group 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:

IMARC Group 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, Nestle 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?
Product Code: SR112023A707

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 Nestle 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)
Product Code: SR112023A707

List of Figures

  • Figure 1: Global: Table Butter Industry Overview
  • Figure 2: Global: Table Butter Market: Volume Trends (in Million Metric Tons), 2017-2022
  • Figure 3: Global: Table Butter Market: Value Trends (in Billion US$), 2017-2022
  • Figure 4: Global: Table Butter Market: Price Trends (in US$/Ton), 2017-2022
  • Figure 5: Global: Table Butter Market: Breakup by Region (in %), 2022
  • Figure 6: Global: Table Butter Market Forecast: Volume Trends (in Million Metric Tons), 2023-2028
  • Figure 7: Global: Table Butter Market Forecast: Value Trends (in Billion US$), 2023-2028
  • Figure 8: Global: Table Butter Market Forecast: Price Trends (in US$/Ton), 2023-2028
  • Figure 9: Global: Table Butter Industry: SWOT Analysis
  • Figure 10: Global: Table Butter Industry: Value Chain Analysis
  • Figure 11: Global: Table Butter Industry: Porter's Five Forces Analysis
  • Figure 12: European Union: Table Butter Market (in Metric Tons), 2017 & 2022
  • Figure 13: European Union: Table Butter Market Forecast (in Metric Tons), 2023-2028
  • Figure 14: North America: Table Butter Market (in Metric Tons), 2017 & 2022
  • Figure 15: North America: Table Butter Market Forecast (in Metric Tons), 2023-2028
  • Figure 16: Eastern Europe: Table Butter Market (in Metric Tons), 2017 & 2022
  • Figure 17: Eastern Europe: Table Butter Market Forecast (in Metric Tons), 2023-2028
  • Figure 18: Oceania: Table Butter Market (in Metric Tons), 2017 & 2022
  • Figure 19: Oceania: Table Butter Market Forecast (in Metric Tons), 2023-2028
  • Figure 20: Latin America: Table Butter Market (in Metric Tons), 2017 & 2022
  • Figure 21: Latin America: Table Butter Market Forecast (in Metric Tons), 2023-2028
  • Figure 22: Asia: Table Butter Market (in Metric Tons), 2017 & 2022
  • Figure 23: Asia: Table Butter Market Forecast (in Metric Tons), 2023-2028
  • Figure 24: Table Butter Manufacturing Plant: Detailed Process Flow
  • Figure 25: Table Butter Manufacturing Process: Conversion Rate of Products
  • Figure 26: Table Butter Manufacturing Plant: Breakup of Capital Costs (in %)
  • Figure 27: Table Butter Industry: Profit Margins at Various Levels of the Supply Chain
  • Figure 28: Table Butter Production: Manufacturing Cost Breakup (in %)

List of Tables

  • Table 1: Global: Table Butter Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Table Butter Market Forecast: Breakup by Region (in Metric Tons), 2023-2028
  • Table 3: Global: Overview of Top Table Butter Manufacturers
  • Table 4: Typical Composition of Table Butter
  • Table 5: Table Butter Manufacturing Plant: Costs Related to Land and Site Development (in US$)
  • Table 6: Table Butter Manufacturing Plant: Costs Related to Civil Works (in US$)
  • Table 7: Table Butter Manufacturing Plant: Costs Related to Milk Reception Section (in US$)
  • Table 8: Table Butter Manufacturing Plant: Costs Related to Milk Processing Section (in US$)
  • Table 9: Table Butter Manufacturing Plant: Costs Related to Separation Section (in US$)
  • Table 10: Table Butter Manufacturing Plant: Costs Related to Table Butter Section (in US$)
  • Table 11: Table Butter Manufacturing Plant: Costs Related to Drying Section (in US$)
  • Table 12: Table Butter Manufacturing Plant: Summary of Machinery Costs (in US$)
  • Table 13: Table Butter Manufacturing Plant: Raw Material Requirements
  • Table 14: Table Butter Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
  • Table 15: Table Butter Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
  • Table 16: Details of Financial Assistance Offered by Financial Institutions
  • Table 17: Table Butter Manufacturing Plant: Capital Costs (in US$)
  • Table 18: Table Butter Manufacturing Plant: Techno-Economic Parameters
  • Table 19: Table Butter Manufacturing Plant: Taxation and Depreciation
  • Table 20: Table Butter Manufacturing Plant: Income Projections (in US$)
  • Table 21: Table Butter Manufacturing Plant: Expenditure Projections (in US$)
  • Table 22: Table Butter Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
  • Table 23: Table Butter Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
  • Table 24: Table Butter Manufacturing Plant: Profit and Loss Account (in US$)
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

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