Table Butter Market Demand, Size, Industry Share and Forecast 2023-2028 | Lactalis International, Nestlé S.A., Dairy Farmers of America Inc., Arla Foods Amba

IMARC Group has recently released a new research study titled "Table Butter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Table Butter Market Size, CAGR and Forecast 2023-2028:

The global table butter market size reached US$ 45.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 78.2 Billion by 2028, exhibiting a growth rate (CAGR) of 11.6% during 2023-2028.

Table butter, often referred to simply as butter, is a dairy product made by churning fresh or fermented cream or milk to separate the butterfat from the buttermilk. A rich source of protein, vitamins, and minerals, butter is a fundamental ingredient in a variety of culinary applications. It's widely used in baking, cooking, and as a spread on bread due to its unique flavor-enhancing properties and its ability to add richness to dishes. In baking, butter imparts tenderness, leavening, color, and flavor to baked goods, while in cooking, it is used for sautéing, pan frying, and as a base for sauces. It also comes in several types, including salted, unsalted, or flavored varieties such as garlic or herb butter.

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Market Growth Prospects and Trends: 

The rising demand for natural and organic products represents one of the key factors driving the growth of the global table butter market. This, coupled with the growing health consciousness among consumers, is acting as a major growth-inducing factor. In line with this, butter, as a natural dairy product, is viewed as a healthier alternative to artificial or chemically processed spreads which is driving the market growth.

The growth of the bakery and confectionery industry is boosting the demand for table butter. The expanding food service industry, which includes restaurants, cafes, and fast-food chains, is contributing to the rising demand for table butter, as it is extensively used in cooking and baking. The market is also driven by the rising use of flavored and specialty butter, such as garlic butter or herbed butter to enhance the taste of various dishes.

Apart from this, promotional activities by manufacturers and the strategic positioning of butter as a premium, nutritious product in advertisements are also driving the sales which is further facilitating the growth of the market across the globe.

Some of the Top Key Players Operating in the Market are Given Below:

Table Butter Key Companies: 

• Lactalis International
• Nestlé S.A.
• Dairy Farmers of America Inc.
• Arla Foods Amba
• Land O'Lakes, Inc.
• Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF)

Competitive Analysis and Segmentation:

Key Market Segmentation:

The report has segmented the global table butter market on the basis of region.

Geographical Analysis:

• European Union
• North America
• Eastern Europe
• Oceania
• Latin America
• Asia

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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