What is Global Milk and Butter Market?
The Global Milk and Butter Market is a vast and dynamic sector that encompasses the production, distribution, and consumption of milk and butter products worldwide. This market is not confined to a single region or country but spans across continents, making it truly global. It includes various products derived from milk, such as cheese, yogurt, and ice cream, as well as butter, which is a dairy product itself. The market is influenced by various factors such as consumer preferences, dietary needs, and global food trends. It is also affected by the economic conditions of countries, government policies, and technological advancements in dairy farming and processing. The market's size and growth potential make it an attractive area for investment and business opportunities.
Milk-dairy, Butter in the Global Milk and Butter Market:
The Global Milk and Butter Market is not just about the production and sale of these products. It also involves the processes of dairy farming, milk processing, and butter making. Dairy farming involves the breeding and care of dairy animals, primarily cows, for milk production. Milk processing includes the steps of collecting, storing, pasteurizing, and packaging the milk. Butter making involves the churning of cream, a by-product of milk, to separate the butterfat and the buttermilk. These processes are integral to the market as they determine the quality, quantity, and cost of the final products. The market also includes the businesses and individuals involved in these processes, such as farmers, processors, distributors, retailers, and consumers.
Retail, Foodservice in the Global Milk and Butter Market:
The Global Milk and Butter Market has a wide range of applications, particularly in the Retail and Foodservice sectors. In the Retail sector, milk and butter products are sold in various forms such as fresh, processed, and packaged to consumers through supermarkets, grocery stores, and online platforms. These products are also used as ingredients in the preparation of various food items such as baked goods, desserts, and beverages. In the Foodservice sector, these products are used in the preparation and serving of meals in restaurants, cafes, and catering services. They are also used in institutional food services such as schools, hospitals, and corporate cafeterias. The versatility and popularity of milk and butter products make them a staple in both these sectors.
Global Milk and Butter Market Outlook:
Looking at the market outlook, the Global Milk and Butter Market was valued at a significant US$ 206490 million in 2023. It is projected to grow to an impressive US$ 265280 million by 2030, marking a steady Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period from 2024 to 2030. The Retail segment is expected to be the largest end-use industry segment of the market, accounting for a substantial 60% share of the global market. The Asia Pacific region is anticipated to hold the majority share in the market, with a commanding 42% share. This data reflects the market's potential for growth and profitability.
| Report Metric | Details |
| Report Name | Milk and Butter Market |
| Accounted market size in 2023 | US$ 206490 million |
| Forecasted market size in 2030 | US$ 265280 million |
| CAGR | 3.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Nestle, Lactalis, Danone, Fonterra, FrieslandCampina, Dairy Farmers of America, Arla Foods, Saputo, Yili, Mengniu, Muller Group, Amul, Meiji, DFA (Dean Foods), DMK, Sodiaal, Agropur, Schreiber Foods, Ornua, Land O’ Lakes, Organic Valley |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
