The milk and butter global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Milk And Butter Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The milk and butter market size has grown strongly in recent years. It will grow from $321.08 billion in 2023 to $339.65 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to dairy farming, basic nutritional staples, dairy industry growth, traditional culinary use, global trade.
The milk and butter market size is expected to see strong growth in the next few years. It will grow to $416.08 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to diverse dairy alternatives, health and wellness trends, sustainability and ethical practices, digital marketing and e-commerce, global market expansion. Major trends in the forecast period include plant-based milk and butter, lactose-free and dairy-free options, butter blends and spreads, functional and fortified dairy, sustainable packaging.
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Scope Of Milk And Butter Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Milk And Butter Market Overview
Market Drivers –
The increasing demand for local, sustainable, and organic food production is expected to positively impact the milk and butter manufacturing market during the forecast period. Organic food production, including organic dairy products, places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers are now becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognise recognize as healthy. For instance, in June 2022, the Organic Trade Association, a US-based trade association representing organic businesses, the sales of organic dairy products and eggs increased by 11% as compared to the previous years. This growing demand for organic products offers considerable opportunities for dairy product producers in both developed and developing countries, which is likely to drive the market during the forecast period.
Market Trends –
The internet of things (IoT) technology is increasingly being used to track dairy products, including milk and butter, and to ensure safe product handling. IoT technology consists of a network of devices, vehicles, or other items that continuously exchange data and provide insights into a process or system. This technology is being used to track ingredients being used in products. Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation. For instance, the Chinese government implemented the National Food Quality Safety Traceability Platform, using IoT technology to improve the quality and safety of food production supply chains.
The milk and butter market covered in this report is segmented –
1) By Type: Milk-Dairy, Butter
2) By Application: Food, Beverages, Intermediate Products, Condiments, Other Applications
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments Covered: Butter Milk, Powdered Milk, Liquid Milk, Concentrated Milk
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Regional Insights –
Asia-Pacific was the largest region in the milk and butter market in 2023. Western Europe was the second largest region in milk and butter market. The regions covered in the milk and butter market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the milk and butter market include Danone S.A., Inner Mongolia Yili Industrial Group Co. Ltd., Fonterra Group Cooperative Limited, Groupe Lactalis S.A., Saputo Inc., Arla Foods amba, Frieslandcampina, Yakult Honsha Co. Ltd., Louis Dreyfus, Savencia Fromage & Dairy, Nestle S.A., Dairy Farmers of America Inc., Yili Group, China Mengniu Dairy Company Limited, Land O’Lakes Inc., Dean Foods, DMK Deutsches Milchkontor GmbH, Meiji Holdings Company Ltd., The Kraft Heinz Company, The Agropur Diary Co-operative, Sodiaal, Amul, Schreiber Foods Inc., Müller, Foremost Farms, Hiland Dairy, Prairie Farms Diary, St. Mary’s Farm, St. Pete’s Select, The Turner Dairies, Tillamook Country Creamy Association, Alpenrose Dairy, Challenge Diary.
Table of Contents
1. Executive Summary
2. Milk And Butter Market Report Structure
3. Milk And Butter Market Trends And Strategies
4. Milk And Butter Market – Macro Economic Scenario
5. Milk And Butter Market Size And Growth
…..
27. Milk And Butter Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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