Table Butter Market Extensive Demand in Upcoming Years and Forecast To 2027

The global table butter market size reached US$ 40.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 71.8 Billion by 2027, exhibiting a growth rate (CAGR) of 11.9% during 2022-2027.

Market Outlook:

Table butter, or salted butter, is a pale-yellow food product that is prepared by churning pasteurized or fermented cream. During its manufacturing procedure, various additional condiments, including common salt, annatto, carotene, and diacetyl, are added as flavoring and coloring agents.

Table butter is rich in niacin, calcium, phosphorus, riboflavin, antioxidants, and vitamins that help improve immunity and heart health and protect cells against damage caused by free radicals. Apart from this, table butter eliminates the risk of osteoporosis and has a milder flavor compared to cooking butter; thus, it is consumed as a spread or used in cooking.

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Table Butter Market Demand and Growth Drivers:

The widespread adoption of table butter across residential areas and the food and beverage (F&B) sector to prepare various baked goods and fried food items is primarily driving the market growth. This is further influenced by the changing dietary patterns and the growing consumer demand for healthy food options.

Additionally, the increasing trend of home baking and the popularity of western cuisines combined with the rising preference for wholesome breakfast consisting of ready-to-eat (RTE) meals are supplementing the demand for table butter, owing to their multiple health benefits.

Moreover, the launch of low fat and calories, dairy-free, organic, unsalted, slightly salted, and goat milk table butter in diverse flavors to meet evolving consumer preferences are favoring the table butter market growth. Besides this, the implementation of aggressive advertising strategies, ongoing celebrity endorsements, and product availability across online and offline distribution channels are propelling the market growth.

Major Key Players Covered: 

Some of the major players in the global table butter market include Lactalis International, Nestlé S.A., Dairy Farmers of America Inc., Arla Foods Amba, Land O’Lakes, Inc., and 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 (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

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