Global Butter Market Research Report by Product Type, by Category, by Form, by End-Use, and by Region Forecast till 2034

Description

List of Tables

Global Butter Market Research Report by Product Type (Standard Butter, Clarified Butter, Whipped Butter, Others), by Category (Salted, Unsalted), by Form (Spreads, Liquid/Oil, Blocks, Others), by End-Use (Food Processing, Food Service, Food Retails), and by Region (North America, Europe, Asia-Pacific, Rest of the World) Forecast till 2034

Industry Overview

The global butter market size is expected to hit USD 100,016.24 million by 2034, with a CAGR of 5.54% during the forecast period. Butter is a solid dairy fat created by churning fresh or fermented cream. It adds smoothness and taste to a variety of dishes, making it a staple ingredient in kitchens around the world.

The increasing consumption of processed and convenience foods in emerging markets has been a major factor in the rise in butter consumption. The growth of the market is due to urbanization, rising incomes, and changing food habits. Besides, the retail and food service sectors are the main customers, as they buy the product regularly. At the same time, administrative instruments of agriculture in areas such as the EU are always a step ahead in production and markets, resulting in growth.

Major Company Development

GCMMF declared a major collaboration with the Michigan Milk Producers Association (MMPA) in March 2024 to make Amul-branded fluid milk available in the U.S. market. The alliance is a very decisive point for Amul to enter North America, and so the cooperative can extend its butter and dairy product ranges not only to the West but also to other parts of the world where it can have a bigger presence and thus, have a competitive advantage over international dairy firms, which are already benefiting from rapidly increasing global dairy demand.

Key Players

Major players in the global butter market are Gujarat Cooperative Milk, Marketing Federation Ltd, Arla Foods, LAND O'LAKES, INC., LACTALIS GROUP, Ornua Co-operative Limited (Ornua), Delta Nutritives (Delta), Dairy Farmers of America, Inc. (DFA), Fonterra Co-operative Group (Fonterra), Organic Valley, and Savencia Fromage & Dairy.

Report Attribute Details

Market Size 2023: USD 55,678.23 Million
Market Size 2034: USD 1,00,016.24 Million
CAGR (2025-2034): 5.54%
Base Year: 2024
Market Forecast Period: 2025-2034

Industry Segmentations

By Product Type: Standard Butter - 5.69%, Clarified Butter - 5.91%.
By Category: Salted - 6.03%, Unsalted - 4.85%.
By Form: Spreads - 6.32%, Liquid/Oil - 5.36%.
By End-Use: Food Processing - 6.63%, Food Service - 4.42%.

Regional Analysis

The butter market in North America is still showing continued and stable development with the help of the high per capita consumption in the United States. The foodservice sector is always a major consumer of butter, especially for the bakery and restaurant chains. In 2024, butter sales reached USD 8,448.65 million in the U.S. and USD 1,317.70 million in Canada, reflecting consistent market strength.

Europe is the leading market for butter in the world, and this is largely attributed to its strong culinary heritage. Germany, France, and the UK are the three countries that consume the most butter, which is used not only in daily meals but also in baking and other culinary practices. The European market remains robust, led by Germany (USD 3,454.17 million), the UK (USD 2,511.29 million), and France (USD 2,095.33 million).

Asia-Pacific remains the most lively area, which is being driven by metropolitan lifestyles, increasing incomes, and familiarity with Western food that has been increasingly consumed. The nations of China, India, and Japan are ushering in the soaring demand for bakery and confectionery industry products. Asia-Pacific dominates globally, with China (USD 8,809.96 million), India (USD 4,827.73 million), and Japan (USD 3,072.39 million) driving growth.

The rest of the World reflects untapped potential. The Middle East is benefiting from tourism-driven HoReCa growth, while South America, led by Brazil and Argentina, is expanding through baked goods demand. Africa, though nascent, is poised for expansion with growing urbanization and rising awareness of dairy products.

Product Code: MRFR/F-B & N/2984-CR

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 GLOBAL BUTTER MARKET, BY PRODUCT TYPE
- 1.1.2 GLOBAL BUTTER MARKET, BY CATEGORY
- 1.1.3 GLOBAL BUTTER MARKET, BY FORM
- 1.1.4 GLOBAL BUTTER MARKET, BY END-USE
- 1.1.5 GLOBAL BUTTER MARKET, BY REGION/COUNTRY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 CONSUMPTION & NET TRADE APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 GROWTH PARAMETERS MAPPED - DRIVERS
- 4.2.1 INCREASING DEMAND FOR BUTTER IN FOOD PROCESSING
- 4.2.2 GROWTH OF THE HORECA INDUSTRY
- 4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
- 4.3.1 INCREASING HEALTH AWARENESS
- 4.3.2 COMPETITION FROM MARGARINE AND PLANT-BASED ALTERNATIVES
- 4.3.3 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
- 4.4.1 INVESTMENTS IN R&D FOR INNOVATIONS
- 4.4.2 SUSTAINABLE PRACTICES
- 4.4.3 OPPORTUNITY IMPACT ANALYSIS

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL PROCUREMENT
- 5.1.2 MANUFACTURING / PRODUCTION/ PROCESSING
- 5.1.3 . PACKAGING
- 5.1.4 DISTRIBUTION
- 5.1.5 END-USER
5.2 SUPPLY CHAIN ANALYSIS
- 5.2.1 PARTICIPANTS (AT DIFFERENT NODES)
  - 5.2.1.1 RAW MATERIAL SOURCING & TRANSPORTATION OF RAW MILK
  - 5.2.1.2 QUALITY CHECK AND INSPECTION
  - 5.2.1.3 PROCESSING UNIT (BUTTER PRODUCTION)
  - 5.2.1.4 PACKAGING & DISTRIBUTION
  - 5.2.1.5 END-USE (RETAIL & COMMERCIAL SALES)
5.3 PORTER'S FIVE FORCES MODEL
- 5.3.1 THREAT OF NEW ENTRANTS
- 5.3.2 BARGAINING POWER OF SUPPLIERS
- 5.3.3 BARGAINING POWER OF BUYERS
- 5.3.4 THREAT OF SUBSTITUTES
- 5.3.5 INTENSITY OF RIVALRY
5.4 COVID-19 IMPACT ANALYSIS
- 5.4.1 MARKET IMPACT ANALYSIS
- 5.4.2 REGIONAL IMPACT

NORTH AMERICA

EUROPE

SOUTH AMERICA

ASIA PACIFIC

MIDDLE EAST AND AFRICA (MEA)

5.4.3 OPPORTUNITY AND THREAT ANALYSIS

OPPORTUNITIES

THREATS

6 GLOBAL BUTTER MARKET, BY PRODUCT TYPE

6.1 INTRODUCTION
6.2 STANDARD BUTTER
6.3 CLARIFIED BUTTER
6.4 WHIPPED BUTTER
6.5 OTHERS

7 GLOBAL BUTTER MARKET, BY CATEGORY

7.1 INTRODUCTION
7.2 SALTED
7.3 UNSALTED

8 GLOBAL BUTTER MARKET, BY FORM

8.1 INTRODUCTION
8.2 SPREADS
8.3 LIQUID/OIL
8.4 BLOCKS
8.5 OTHERS

9 GLOBAL BUTTER MARKET, BY END-USE

9.1 INTRODUCTION
9.2 FOOD PROCESSING
9.3 FOODSERVICE
9.4 FOOD RETAIL

10 GLOBAL BUTTER MARKET, BY REGION

10.1 OVERVIEW
10.2 NORTH AMERICA
- 10.2.1 US
- 10.2.2 CANADA
- 10.2.3 MEXICO
10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.2 UK
- 10.3.3 FRANCE
- 10.3.4 SPAIN
- 10.3.5 ITALY
- 10.3.6 FINLAND
- 10.3.7 REST OF EUROPE
10.4 ASIA PACIFIC
- 10.4.1 CHINA
- 10.4.2 JAPAN
- 10.4.3 INDIA
- 10.4.4 AUSTRALIA & NEW ZEALAND
- 10.4.5 SOUTH KOREA
- 10.4.6 REST OF ASIA PACIFIC
10.5 REST OF THE WORLD
- 10.5.1 SOUTH AMERICA
- 10.5.2 MIDDLE EAST
- 10.5.3 AFRICA

11 COMPETITIVE LANDSCAPE

11.1 INTRODUCTION
11.2 COMPETITION DASHBOARD
- 11.2.1 PRODUCT PORTFOLIO
- 11.2.2 REGIONAL PRESENCE
- 11.2.3 STRATEGIC ALLIANCES
- 11.2.4 INDUSTRY EXPERIENCES
11.3 MARKET TIER ANALYSIS, 2024
11.4 COMPANY MARKET SHARE ANALYSIS, 2024
11.5 WHO ARE THE MAJOR DISRUPTORS & INNOVATORS
11.6 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS
11.7 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL
11.8 LIST OF KEY PLAYERS/BRANDS, BY REGION
11.9 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.9.1 EXPANSION
- 11.9.2 PARTNERSHIP

12 COMPANY PROFILES

12.1 GUJARAT COOPERATIVE MILK MARKETING FEDERATION LTD
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGY
12.2 ALRA FOODS
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGY
12.3 LAND O'LAKES, INC
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGY
12.4 LACTALIS GROUP
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 KEY STRATEGY
12.5 ORNUA CO-OPERATIVE LIMITED
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGY
12.6 DELTA NUTRITIVES
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 KEY STRATEGY
12.7 DAIRY FARMERS OF AMERICA, INC.
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 SERVICE OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 KEY STRATEGY
12.8 FONTERRA CO-OPERATIVE GROUP
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 KEY STRATEGY
12.9 ORGANIC VALLEY
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 PRODUCTS OFFERED
- 12.9.3 KEY DEVELOPMENTS
- 12.9.4 KEY STRATEGY
12.10 SAVENCIA FROMAGE & DAIRY
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 KEY STRATEGY
12.11 ROYAL FRIESLANDCAMPINA N.V.
- 12.11.1 COMPANY OVERVIEW
- 12.11.2 FINANCIAL OVERVIEW
- 12.11.3 PRODUCTS OFFERED
- 12.11.4 KEY DEVELOPMENTS
- 12.11.5 KEY STRATEGY
12.12 DATA CITATIONS