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. These products, derived from dairy and plant-based sources respectively, are staples in many households and food industries across the globe. The market is influenced by a variety of factors, including consumer preferences, dietary trends, and economic conditions. It's a complex web of supply and demand, with producers and consumers spread across different regions, each with their own unique tastes and consumption habits. The market is also shaped by various regulatory policies, trade agreements, and technological advancements in food processing and packaging.
Butter, Margarine in the Global Butter and Margarine Market:
Butter and margarine, the two key products in this market, have distinct characteristics and uses. Butter, made from the fat and protein components of milk or cream, is prized for its rich flavor and creamy texture. It's used extensively in baking, cooking, and as a spread. Margarine, on the other hand, is a non-dairy product made from vegetable oils. It was originally developed as a cheaper alternative to butter, but has since found its own niche in the market. Margarine is often favored for its lower saturated fat content and for being a vegan-friendly option. Both products have a significant presence in the global market, with butter commanding a larger share due to its widespread use in culinary applications.
Food Industry, Household in the Global Butter and Margarine Market:
The Global Butter and Margarine Market plays a crucial role in two key areas: the food industry and households. In the food industry, these products are used as key ingredients in a wide range of dishes and baked goods. They contribute to the taste, texture, and appearance of food, making them indispensable in the culinary world. In households, butter and margarine are commonly used for cooking and baking, as well as a spread for bread and other baked goods. Their versatility and ease of use make them a staple in kitchens around the world.
Global Butter and Margarine Market Outlook:
Looking at the market outlook, the Global Butter and Margarine Market was valued at a substantial US$ 65190 million in 2023. It's projected to grow to an impressive US$ 81490 million by 2030, reflecting a steady compound annual growth rate (CAGR) of 3.2% during the forecast period from 2024 to 2030. The market is dominated by the top three players, who collectively hold about 10% of the global shares. Butter is the leading product type, accounting for about 85% of the market, while the food industry is the primary application sector, holding about 60% of the market share.
| Report Metric | Details |
| Report Name | Butter and Margarine Market |
| Accounted market size in 2023 | US$ 65190 million |
| Forecasted market size in 2030 | US$ 81490 million |
| CAGR | 3.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Consumption by Region |
|
| 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 |
