Market Overview

The Global Butter Market was valued at USD 31,777.8 million in 2023 and is expected to reach USD 42,792.5 million by 2031 while growing at a CAGR of 3.8% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global butter market growth. Butter, a dairy product derived from the fat and protein components of milk or cream, is typically produced through the churning of fresh or fermented cream or milk. This process separates the butterfat from the buttermilk, resulting in the solid portion known as butter.

Ongoing growth in the butter market is propelled by rising consumer demand for natural and artisanal products, along with increased consumption of bakery and confectionery items. Nevertheless, obstacles like health concerns, dietary trends, and fluctuating milk prices, coupled with supply chain challenges, may impede market expansion.

Furthermore, the global butter industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Butter Market is segmented among Cultured Butter, Uncultured Butter, and Other Product Types, based on Product Type. In 2023, Cultured Butter accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Distribution Channel Analysis

The Global Butter Market is segmented among Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Other Distribution Channels, based on Distribution Channel. In 2023, Supermarkets/Hypermarkets accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Butter Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Fonterra Co-operative Group, Arla Foods Amba, Ornua Co-operative Ltd, Land O' Lakes, Inc., CROPP Cooperative (Organic Valley), Dairy Farmers of America Inc., Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), EATNUF, Anchor Fonterra, CavinKare, Lactalis International, and Danone SA.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Butter Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Butter Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Butter Market Segmentation, By Product Type  

• Global Butter Market Share Analysis, By Product Type  

• Global Butter Market Growth Analysis, By Product Type  

• Global Butter Market Trends, By Product Type  

o Cultured Butter

o Uncultured Butter

o Other Product Types

6. Global Butter Market Segmentation, By Distribution Channel

• Global Butter Market Share Analysis, By Distribution Channel

• Global Butter Market Growth Analysis, By Distribution Channel

• Global Butter Market Trends, By Distribution Channel

o Supermarkets/Hypermarkets

o Convenience Stores

o Online Retail Stores

o Other Distribution Channels

7. Global Butter Market Segmentation, By Region

• Global Butter Market Share Analysis, By Region

• Global Butter Market Growth Analysis, By Region

• Global Butter Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Fonterra Co-operative Group*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Arla Foods Amba

• Ornua Co-operative Ltd

• Land O' Lakes, Inc.

• CROPP Cooperative (Organic Valley)

• Dairy Farmers of America Inc.

• Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF)

• EATNUF

• Anchor Fonterra

• CavinKare

• Lactalis International

• Danone SA

 *Similar analysis will be provided for each company listed above.