What is Global Butter and Margarine Market?
The Global Butter and Margarine Market is a vast and dynamic sector that encompasses the production, distribution, and consumption of butter and margarine products worldwide. Butter and margarine are two of the most commonly used food ingredients, and their global market is a reflection of their widespread use and demand. The market includes various types of butter and margarine, such as salted butter, unsalted butter, and various types of margarine, each with its unique properties and uses. The market is driven by various factors, such as changing consumer preferences, evolving dietary habits, and advancements in food processing technology. However, it also faces several challenges, such as fluctuating raw material prices and stringent food safety regulations. Despite these challenges, the Global Butter and Margarine Market continues to grow and evolve, offering numerous opportunities for producers, distributors, and consumers alike.
Butter, Margarine in the Global Butter and Margarine Market:
The Global Butter and Margarine Market plays a crucial role in the food industry and household sector. In the food industry, butter and margarine are used in a wide range of applications, from baking and cooking to food processing and manufacturing. They are essential ingredients in many recipes, contributing to the taste, texture, and nutritional value of various food products. In the household sector, butter and margarine are commonly used for everyday cooking and baking. They are a staple in many kitchens, used in everything from frying and sautéing to spreading on bread. The demand for butter and margarine in these areas is driven by factors such as convenience, versatility, and taste preferences. However, the market also faces challenges in these areas, such as health concerns and dietary restrictions. Despite these challenges, the Global Butter and Margarine Market continues to thrive in the food industry and household sector, driven by innovation, consumer demand, and market dynamics.
Food Industry, Household in the Global Butter and Margarine Market:
The Global Butter and Margarine Market's outlook is promising, with significant growth expected in the coming years. In 2022, the market was valued at US$ 65190 million, and it is projected to reach US$ 81490 million by 2029. This represents a compound annual growth rate (CAGR) of 3.2% during the forecast period from 2023 to 2029. The market is dominated by a few key players, with the top three companies accounting for about 10% of the global market share. Butter is the most popular product type, accounting for about 85% of the market. The food industry is the primary application area for butter and margarine, accounting for about 60% of the market. These figures highlight the market's potential for growth and profitability, as well as the competitive landscape and key trends shaping its future.
| Report Metric | Details |
| Report Name | Butter and Margarine Market |
| Accounted market size in 2023 | US$ 67450 million |
| Forecasted market size in 2029 | US$ 81490 million |
| CAGR | 3.2 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | Upfield, Bunge, NMGK Group, ConAgra, Wilmar-International, Fuji Oil, BRF, Yildiz Holding, Grupo Lala, NamChow, Cargill, COFCO, Uni-President, Mengniu Group, Yili Group, Land O‘lakes, Arla Foods, Lactails, Fonterra, Amul |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
