Global Unsalted Butter Market, By Application (Household Use and Commercial Use), Type (Butter Blocks and Butter Sticks), Form (Spreads, Liquid/Oil, Blocks, and Others), End Use (Food Processing, Foodservice, and Food Retail), Distribution Channel (Online Distribution Channel and Offline Distribution Channel), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights: Global Unsalted Butter Market
Data Bridge Market Research analyses that the global unsalted butter market will project a CAGR of 6.90% for the forecast period of 2022-2029. Growth and expansion of the food and beverages industry, growing focus on innovations by the food and beverages sector, rising consumer consciousness towards bakery and confectionary products, surging health consciousness among the individuals around the world and increasing personal disposable income are the major factors attributable to the growth of unsalted butter market. Therefore, the market value, which was USD 6.3 billion in 2020, would rocket up to USD 11.48 billion by 2029.
Butter is a dairy product that is processed out of milk and cream. Butter is a high-fat dairy product that is used for both commercial uses and household uses. Butter is used in a wide range of food items such as confectionary and bakery products, snack foods and so on. Unsalted butter is regarded as the purest form of butter but has a shorter shelf life as compared to salted butter.
Rising personal disposable income and growing consumer consciousness towards maintaining good health and fitness are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies and ever-rising global population are acting as market growth determinants. Improving distribution channel, rising number of restaurants in the developing economies, stringent regulations imposed by the government to promote food safety, and changing tastes and preferences of consumers will further induce growth in the market value.
However, high cost of unsalted butter in comparison to salted butter will pose a major challenge to the growth of the market. Fluctuations in the prices of raw materials and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the market. High cost associated with the research and development activities and stringent labelling regulations and requirements will also hamper the market growth rate.
This unsalted butter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on unsalted butter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Unsalted Butter Market Scope and Market Size
The unsalted butter market is segmented on the basis of application, type, form, end use and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application, the unsalted butter market is segmented into household use and commercial use.
- On the basis of type, the unsalted butter market is segmented into butter blocks and butter sticks.
- Based on form, the unsalted butter market is segmented into spreads, liquid/oil, blocks, and others.
- Based on end use, the unsalted butter market is segmented into food processing, foodservice, and food retail. The food processing segment is further bifurcated into bakery and confectionery, dairy and frozen desserts, sauces, dressings, and spreads, and others.
- Based on distribution channel, the unsalted butter market is segmented into online distribution channel and offline distribution channel. Online distribution channel segment is sub-segmented into e-commerce channels and company owned websites. Offline distribution channel segment is sub-segmented into hypermarkets, supermarkets, convenience stores and others.
Unsalted Butter Market Country Level Analysis
The unsalted butter market is analyses and market size, volume information is provided by country, application, type, form, end use and distribution channel as referenced above.
The countries covered in the unsalted butter market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe region dominates the unsalted butter market and will continue to flourish its trend of dominance during the forecast period owing to the increasing consumption of milk products and focus towards improving the production capabilities. Asia-Pacific is set to register the a high growth rate during the forecast period and score the highest CAGR owing to the consumption of organic products as well as dairy foods, growing population, rising westernization, changing lifestyle, and increasing personal disposable income.
The country section of the unsalted butter market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Unsalted Butter Market Share Analysis
The unsalted butter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to unsalted butter market.
Some of the major players operating in the unsalted butter market are Kerrygold USA., Anchor, Land O'Lakes, Inc., Agral S.A., Arla Foods amba, Crystal Farms., Granarolo S.p.A., SAPUTO DAIRY AUSTRALIA PTY LTD., Mainland, Groupe Lactalis, Valio USA, Inc., DANSKO FOODS LTD., Kriemhild Dairy Farms, LLC, PIERMEN B.V., Middledale Foods Ltd., LACTALIS Ingredients, The Gourmand, UELZENA eG, Flechard SA and Delta Nutritives among others.
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