The salted 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.
Salted 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 salted butter market size has grown strongly in recent years. It will grow from $35.94 billion in 2023 to $37.92 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to the rise of online shopping platforms, the rise in health awareness, increasing demand from professional chefs, increasing population growth, and increasing consumer preferences for natural products.
The salted butter market size is expected to see strong growth in the next few years. It will grow to $47.54 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to a growing understanding of the negative health effects, rising popularity of bakery products, increasing demand for artisanal dairy products, increasing demand for artisanal dairy products, and growing influence on global food. Major trends in the forecast period include technological advancements, growth in artisanal varieties, organic options, gourmet cooking, innovations in packaging, and emphasis on sustainable sourcing.
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Scope Of Salted 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.
Salted Butter Market Overview
Market Drivers –
The rising popularity of bakery products is expected to propel the growth of the salted butter market going forward. Bakery products encompass a variety of food items, such as bread, cakes, muffins, and pastries that are typically baked in an oven. The rising popularity of bakery products can be attributed to increasing demand for convenient, ready-to-eat foods, diverse flavor options, artisanal craftsmanship, health-conscious ingredient choices, and cultural culinary trends. Salted butter is essential in baking as it improves the flavor, texture, and overall quality of various bread goods. For instance, in April 2023, according to the National Center for Biotechnology Information, a US-based governmental agency, the Italian bakery products industry produced 13.10 million tons of goods overall in 2021, a 2.6% rise from 2020. Therefore, the rising popularity of bakery products is driving the growth of the salted butter market.
Market Trends –
Major companies operating in the salted butter market focus on developing innovative products, such as organic salted butter, to enhance flavor offerings. Organic salted butter is butter made from the milk of cows raised according to organic farming practices without synthetic pesticides, fertilizers, or antibiotics and seasoned with salt. For instance, in April 2023, Organic Milk Suppliers Cooperative Ltd., a UK-based manufacturer of dairy products, launched a new Grass Roots Dairy Co butter. It is a delicious new organic salted butter produced using purely organic cream. This latest offering emphasizes grass-fed milk, ensuring a rich and distinctive flavor profile. Grass Roots Dairy Co. butter is crafted with premium ingredients, promising superior taste and texture ideal for culinary applications. It appeals to health-conscious consumers seeking natural, ethically sourced products, aligning with current trends favoring sustainability and transparency in food production.
The salted butter market covered in this report is segmented –
1) By Product: Blocks, Sticks, Other Products
2) By Distribution Channel: Online, Offline
3) By Application: Household Use, Commercial Use
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Regional Insights –
Asia-Pacific was the largest region in the salted butter market in 2023. The regions covered in the salted butter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the salted butter market are Lactalis Group, Royal FrieslandCampina NV, Arla Foods Group, Land O’Lakes Inc., Ornua Co-operative Limited, Organic Valley, Tillamook County Creamery Association, Anand Milk Union Limited, Devondale Murray Goulburn Co-operative Co. Limited, Crystal Farms Dairy Company, Vermont Creamery, Daylesford Organic, Granarolo SpA, Straus Family Creamery, Challenge Dairy Products Inc., Anchor Foods Ltd., Finlandia Cheese Inc., Meat The Butcher Pte Ltd., Horizon Organic, Agral SA, Mainland Cheese Company, Valio Ltd., Tyner Pond Farm, Organic Times, Dukeshill Ham Company Ltd.
Table of Contents
1. Executive Summary
2. Salted Butter Market Characteristics
3. Salted Butter Market Trends And Strategies
4. Salted Butter Market – Macro Economic Scenario
5. Global Salted Butter Market Size and Growth
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32. Global Salted Butter Market Competitive Benchmarking
33. Global Salted Butter Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Salted Butter Market
35. Salted Butter Market Future Outlook and Potential Analysis
36. Appendix
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