Global Butter Market 2015-2019
Butter is a dairy product made by churning cream or milk. It can be used like a spread and as a regular ingredient in cooking. From a nutritional perspective, butter is a very good source of protein. It contains saturated fat made from the fresh cream and milk.
Technavio's analysts forecast the global butter market to grow at a CAGR of 4.84% over the period 2014-2019.
Covered in this Report
The report includes the present scenario and the growth prospects of the global butter market for the period 2015-2019. The butter has been segmented into processed butter and non-processed butter. This report does not include other types of butter such as peanut butter and almond butter, among others.The report also discusses the region-wise volume i.e. for:
Technavio Announces the Publication of its Research Report – Global Butter Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Butter Market: Arla Foods, Amul, Kraft Foods Group, Land O Lakes, Nestle, Organic Valley and Royal Friesland Campina
Other Prominent Vendors in the market are: I Can't Believe It's Not Butter!, Purity Farms, Great Value, Horizon Organic, Crystal Farms and Tillamook
Commenting on the report, an analyst from Technavio’s team said: “Globally, there has been an increase in gourmet cooking styles as people nowadays prefer cooking new dishes at home. In regions like Americas and APAC the trend of gourmet cooking is rising. The rising foodie culture for having a variety of cuisines and rich diet drive market growth. With people spending habits have increased with a rise in disposable income, there has been an increase in gourmet cooking styles. The growth of the organized retail sector also drives market growth. With the development in food chains and awareness about the different cooking styles, people are becoming aware of different cuisines of the world and trying those recipes at home.”
According to the report, countries such as China and India in APAC account for the highest consumption of butter globally. An increase in consumption of dairy-based products by the middle-class population has propelled market growth. In addition, the growing awareness of the nutritional values of butter drives market growth. The expanding middle class, increasing disposable income, and inclusion of dairy products in people's diets have propelled the growth of the emerging markets, which in turn drives the growth of the global butter market. The largest export market for butter are Egypt, Iran, and Russia. China is the largest importer of butter.
Further, the report states that increased health consciousness and availability of healthy substitutes for butter have posed a big challenge for the global butter market.
Arla Foods, Amul, Kraft Foods Group, Land O Lakes, Nestle, Organic Valley, Royal Friesland Campina, I Can't Believe It's Not Butter!, Purity Farms, Great Value, Horizon Organic, Crystal Farms, Tillamook