Clarified Butter : Global Market Intelligence ( 2023-2030 )

REPORT OBJECTIVES

The report " Clarified Butter: Global Market Intelligence ( 2023-2030 )" provides market intelligence on the different market segments, based on Type, Application, Region, Company etc. Market size and forecast (2020-2030) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.

RESEARCH METHODOLOGY

In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents - selected experts from manufacturers and selected suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.

KEY AUDIENCE

Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.

DATA SOURCES

The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.

KEY FINDINGS FROM THE REPORT

The Clarified Butter market was valued at $1,680.0 Million in 2020, and is projected to reach $3,208.8 Million by 2030 growing at a CAGR of 7.50% from 2021 to 2030.

Conventional segment is expected to be the highest contributor to this market, with $955.2 Million in 2020, and is anticipated to reach $1,822.3 Million by 2030, registering a CAGR of 7.49%.

Flavored segment is anticipated to reach $1,386.5 Million by 2030 with the highest CAGR of 7.52%.

The global clarified butter market is being primarily driven by the increasing consumer preference for healthier cooking oils and the rising demand for traditional and ethnic cuisines, where clarified butter, known for its rich flavor and high smoke point, plays a vital role.

Additionally, the growing awareness of the health benefits associated with ghee, a form of clarified butter, such as its potential to improve digestion and provide essential fatty acids, is further propelling market growth.

Furthermore, opportunities in this market stem from the expansion of distribution channels, including online retail platforms, which make it easier for consumers to access clarified butter products.

The market is also benefiting from the rising popularity of the ketogenic diet and other high-fat, low-carb diets, which often incorporate clarified butter due to its high fat content and unique nutritional profile.