Table Butter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global table butter market size reached US$ 45.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 78.2 Billion by 2028, exhibiting a growth rate (CAGR) of 11.6% during 2023-2028.
Table butter is prepared using pasteurized cream that is obtained from milk and milk products. It also includes common salt, annatto or carotene for adding color and diacetyl as a flavoring agent. It undergoes changes in form depending on the surrounding temperature. For instance, it remains solid under refrigeration, softens to a spreadable consistency at room temperature and melts into a liquid consistency at a higher temperature. Table butter has niacin, calcium, phosphorus, riboflavin, antioxidants and vitamins A, B and E. As a result, its adequate consumption assists in improving immune function, supporting heart health and protects cells against damage caused by free radicals.
Table Butter Market Trends:
Due to its creaminess and rich taste, table butter finds extensive application in the preparation of a variety of dishes, such as bakery products and fried foods. It is also used as a spread on toasted products and a condiment on cooked products. This, coupled with numerous innovations and advancements in the food industry, is strengthening the growth of the market. Apart from this, leading market players are coming up with novel table butter flavors and varieties to suit the taste and preference of a vast consumer base. These players are also focusing on upgrading product packaging to make it more aesthetically appealing. Besides this, they are considerably investing in promoting their products through digital marketing and celebrity endorsements. Furthermore, key manufacturers are launching dairy-free, organic, unsalted, slightly salted, and goat milk table butters to target the health-conscious and vegan population. These initiatives are anticipated to positively influence the overall sales of table butter across the globe. Some of the other factors projected to impel the market growth include rising global population, changing dietary patterns and inflating disposable incomes of individuals in developing regions.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global table butter market report, along with forecasts at the global and regional level from 2023-2028.
Breakup by Region:
European Union (EU)
North America
Eastern Europe
Oceania
Latin America
Asia
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Lactalis International, Nestlй S.A., Dairy Farmers of America Inc., Arla Foods Amba, Land O’Lakes, Inc., and Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).
Key Questions Answered in This Report
1. What was the size of the global table butter market in 2022?
2. What is the expected growth rate of the global table butter market during 2023-2028?
3. What has been the impact of COVID-19 on the global table butter market?
4. What are the key factors driving the global table butter market?
5. What are the key regions in the global table butter market?
6. Who are the key players/companies in the global table butter market?
The global table butter market size reached US$ 45.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 78.2 Billion by 2028, exhibiting a growth rate (CAGR) of 11.6% during 2023-2028.
Table butter is prepared using pasteurized cream that is obtained from milk and milk products. It also includes common salt, annatto or carotene for adding color and diacetyl as a flavoring agent. It undergoes changes in form depending on the surrounding temperature. For instance, it remains solid under refrigeration, softens to a spreadable consistency at room temperature and melts into a liquid consistency at a higher temperature. Table butter has niacin, calcium, phosphorus, riboflavin, antioxidants and vitamins A, B and E. As a result, its adequate consumption assists in improving immune function, supporting heart health and protects cells against damage caused by free radicals.
Table Butter Market Trends:
Due to its creaminess and rich taste, table butter finds extensive application in the preparation of a variety of dishes, such as bakery products and fried foods. It is also used as a spread on toasted products and a condiment on cooked products. This, coupled with numerous innovations and advancements in the food industry, is strengthening the growth of the market. Apart from this, leading market players are coming up with novel table butter flavors and varieties to suit the taste and preference of a vast consumer base. These players are also focusing on upgrading product packaging to make it more aesthetically appealing. Besides this, they are considerably investing in promoting their products through digital marketing and celebrity endorsements. Furthermore, key manufacturers are launching dairy-free, organic, unsalted, slightly salted, and goat milk table butters to target the health-conscious and vegan population. These initiatives are anticipated to positively influence the overall sales of table butter across the globe. Some of the other factors projected to impel the market growth include rising global population, changing dietary patterns and inflating disposable incomes of individuals in developing regions.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global table butter market report, along with forecasts at the global and regional level from 2023-2028.
Breakup by Region:
European Union (EU)
North America
Eastern Europe
Oceania
Latin America
Asia
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Lactalis International, Nestlй S.A., Dairy Farmers of America Inc., Arla Foods Amba, Land O’Lakes, Inc., and Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).
Key Questions Answered in This Report
1. What was the size of the global table butter market in 2022?
2. What is the expected growth rate of the global table butter market during 2023-2028?
3. What has been the impact of COVID-19 on the global table butter market?
4. What are the key factors driving the global table butter market?
5. What are the key regions in the global table butter market?
6. Who are the key players/companies in the global table butter market?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL TABLE BUTTER INDUSTRY
5.1Market Overview
5.2Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3Impact of COVID-19
5.4Price Trends
5.5Market Breakup by Region
5.6Market Forecast
5.7SWOT Analysis
5.7.1Overview
5.7.2Strengths
5.7.3Weaknesses
5.7.4Opportunities
5.7.5Threats
5.8Value Chain Analysis
5.9Porter’s Five Forces Analysis
5.9.1Overview
5.9.2Bargaining Power of Buyers
5.9.3Bargaining Power of Suppliers
5.9.4Degree of Competition
5.9.5Threat of New Entrants
5.9.6Threat of Substitutes
5.10Key Success Factors and Risk Factors
6 PERFORMANCE OF KEY REGIONS
6.1European Union
6.1.1 Market Trends
6.1.2 Market Forecast
6.2North America
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Eastern Europe
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Oceania
6.4.1 Market Trends
6.4.2 Market Forecast
6.5Latin America
6.5.1 Market Trends
6.5.2 Market Forecast
6.6Asia
6.6.1 Market Trends
6.6.2 Market Forecast
7 COMPETITIVE LANDSCAPE
8 TABLE BUTTER MANUFACTURING PROCESS
8.1Product Overview
8.2Detailed Process Flow
8.3Various Types of Unit Operations Involved
8.4Mass Balance and Raw Material Requirements
9 PROJECT DETAILS, REQUIREMENTS AND COSTS INVOLVED
9.1Land Requirements and Expenditures
9.2Construction Requirements and Expenditures
9.3Plant Machinery
9.4Machinery Pictures
9.5Raw Material Requirements and Expenditures
9.6Raw Material and Final Product Pictures
9.7Packaging Requirements and Expenditures
9.8Transportation Requirements and Expenditures
9.9Utility Requirements and Expenditures
9.10Manpower Requirements and Expenditures
9.11Other Capital Investments
10 LOANS AND FINANCIAL ASSISTANCE
11 PROJECT ECONOMICS
11.1Capital Cost of the Project
11.2Techno-Economic Parameters
11.3Product Pricing and Margins Across Various Levels of the Supply Chain
11.4Taxation and Depreciation
11.5Income Projections
11.6Expenditure Projections
11.7Financial Analysis
11.8Profit Analysis
12 KEY PLAYER PROFILES
12.1Lactalis International
12.2Nestlй S.A.
12.3Dairy Farmers of America
12.4Arla Foods Amba
12.5Land O’Lakes
12.6Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF)
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL TABLE BUTTER INDUSTRY
5.1Market Overview
5.2Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3Impact of COVID-19
5.4Price Trends
5.5Market Breakup by Region
5.6Market Forecast
5.7SWOT Analysis
5.7.1Overview
5.7.2Strengths
5.7.3Weaknesses
5.7.4Opportunities
5.7.5Threats
5.8Value Chain Analysis
5.9Porter’s Five Forces Analysis
5.9.1Overview
5.9.2Bargaining Power of Buyers
5.9.3Bargaining Power of Suppliers
5.9.4Degree of Competition
5.9.5Threat of New Entrants
5.9.6Threat of Substitutes
5.10Key Success Factors and Risk Factors
6 PERFORMANCE OF KEY REGIONS
6.1European Union
6.1.1 Market Trends
6.1.2 Market Forecast
6.2North America
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Eastern Europe
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Oceania
6.4.1 Market Trends
6.4.2 Market Forecast
6.5Latin America
6.5.1 Market Trends
6.5.2 Market Forecast
6.6Asia
6.6.1 Market Trends
6.6.2 Market Forecast
7 COMPETITIVE LANDSCAPE
8 TABLE BUTTER MANUFACTURING PROCESS
8.1Product Overview
8.2Detailed Process Flow
8.3Various Types of Unit Operations Involved
8.4Mass Balance and Raw Material Requirements
9 PROJECT DETAILS, REQUIREMENTS AND COSTS INVOLVED
9.1Land Requirements and Expenditures
9.2Construction Requirements and Expenditures
9.3Plant Machinery
9.4Machinery Pictures
9.5Raw Material Requirements and Expenditures
9.6Raw Material and Final Product Pictures
9.7Packaging Requirements and Expenditures
9.8Transportation Requirements and Expenditures
9.9Utility Requirements and Expenditures
9.10Manpower Requirements and Expenditures
9.11Other Capital Investments
10 LOANS AND FINANCIAL ASSISTANCE
11 PROJECT ECONOMICS
11.1Capital Cost of the Project
11.2Techno-Economic Parameters
11.3Product Pricing and Margins Across Various Levels of the Supply Chain
11.4Taxation and Depreciation
11.5Income Projections
11.6Expenditure Projections
11.7Financial Analysis
11.8Profit Analysis
12 KEY PLAYER PROFILES
12.1Lactalis International
12.2Nestlй S.A.
12.3Dairy Farmers of America
12.4Arla Foods Amba
12.5Land O’Lakes
12.6Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF)
LIST OF TABLES
Table 1: Global: Table Butter Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Table Butter Market Forecast: Breakup by Region (in Metric Tons), 2023-2028
Table 3: Global: Overview of Top Table Butter Manufacturers
Table 4: Typical Composition of Table Butter
Table 5: Table Butter Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 6: Table Butter Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 7: Table Butter Manufacturing Plant: Costs Related to Milk Reception Section (in US$)
Table 8: Table Butter Manufacturing Plant: Costs Related to Milk Processing Section (in US$)
Table 9: Table Butter Manufacturing Plant: Costs Related to Separation Section (in US$)
Table 10: Table Butter Manufacturing Plant: Costs Related to Table Butter Section (in US$)
Table 11: Table Butter Manufacturing Plant: Costs Related to Drying Section (in US$)
Table 12: Table Butter Manufacturing Plant: Summary of Machinery Costs (in US$)
Table 13: Table Butter Manufacturing Plant: Raw Material Requirements
Table 14: Table Butter Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 15: Table Butter Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 16: Details of Financial Assistance Offered by Financial Institutions
Table 17: Table Butter Manufacturing Plant: Capital Costs (in US$)
Table 18: Table Butter Manufacturing Plant: Techno-Economic Parameters
Table 19: Table Butter Manufacturing Plant: Taxation and Depreciation
Table 20: Table Butter Manufacturing Plant: Income Projections (in US$)
Table 21: Table Butter Manufacturing Plant: Expenditure Projections (in US$)
Table 22: Table Butter Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 23: Table Butter Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 24: Table Butter Manufacturing Plant: Profit and Loss Account (in US$)
Table 1: Global: Table Butter Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Table Butter Market Forecast: Breakup by Region (in Metric Tons), 2023-2028
Table 3: Global: Overview of Top Table Butter Manufacturers
Table 4: Typical Composition of Table Butter
Table 5: Table Butter Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 6: Table Butter Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 7: Table Butter Manufacturing Plant: Costs Related to Milk Reception Section (in US$)
Table 8: Table Butter Manufacturing Plant: Costs Related to Milk Processing Section (in US$)
Table 9: Table Butter Manufacturing Plant: Costs Related to Separation Section (in US$)
Table 10: Table Butter Manufacturing Plant: Costs Related to Table Butter Section (in US$)
Table 11: Table Butter Manufacturing Plant: Costs Related to Drying Section (in US$)
Table 12: Table Butter Manufacturing Plant: Summary of Machinery Costs (in US$)
Table 13: Table Butter Manufacturing Plant: Raw Material Requirements
Table 14: Table Butter Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 15: Table Butter Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 16: Details of Financial Assistance Offered by Financial Institutions
Table 17: Table Butter Manufacturing Plant: Capital Costs (in US$)
Table 18: Table Butter Manufacturing Plant: Techno-Economic Parameters
Table 19: Table Butter Manufacturing Plant: Taxation and Depreciation
Table 20: Table Butter Manufacturing Plant: Income Projections (in US$)
Table 21: Table Butter Manufacturing Plant: Expenditure Projections (in US$)
Table 22: Table Butter Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 23: Table Butter Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 24: Table Butter Manufacturing Plant: Profit and Loss Account (in US$)
LIST OF FIGURES
Figure 1: Global: Table Butter Industry Overview
Figure 2: Global: Table Butter Market: Volume Trends (in Million Metric Tons), 2017-2022
Figure 3: Global: Table Butter Market: Value Trends (in Billion US$), 2017-2022
Figure 4: Global: Table Butter Market: Price Trends (in US$/Ton), 2017-2022
Figure 5: Global: Table Butter Market: Breakup by Region (in %), 2022
Figure 6: Global: Table Butter Market Forecast: Volume Trends (in Million Metric Tons), 2023-2028
Figure 7: Global: Table Butter Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 8: Global: Table Butter Market Forecast: Price Trends (in US$/Ton), 2023-2028
Figure 9: Global: Table Butter Industry: SWOT Analysis
Figure 10: Global: Table Butter Industry: Value Chain Analysis
Figure 11: Global: Table Butter Industry: Porter’s Five Forces Analysis
Figure 12: European Union: Table Butter Market (in Metric Tons), 2017 & 2022
Figure 13: European Union: Table Butter Market Forecast (in Metric Tons), 2023-2028
Figure 14: North America: Table Butter Market (in Metric Tons), 2017 & 2022
Figure 15: North America: Table Butter Market Forecast (in Metric Tons), 2023-2028
Figure 16: Eastern Europe: Table Butter Market (in Metric Tons), 2017 & 2022
Figure 17: Eastern Europe: Table Butter Market Forecast (in Metric Tons), 2023-2028
Figure 18: Oceania: Table Butter Market (in Metric Tons), 2017 & 2022
Figure 19: Oceania: Table Butter Market Forecast (in Metric Tons), 2023-2028
Figure 20: Latin America: Table Butter Market (in Metric Tons), 2017 & 2022
Figure 21: Latin America: Table Butter Market Forecast (in Metric Tons), 2023-2028
Figure 22: Asia: Table Butter Market (in Metric Tons), 2017 & 2022
Figure 23: Asia: Table Butter Market Forecast (in Metric Tons), 2023-2028
Figure 24: Table Butter Manufacturing Plant: Detailed Process Flow
Figure 25: Table Butter Manufacturing Process: Conversion Rate of Products
Figure 26: Table Butter Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 27: Table Butter Industry: Profit Margins at Various Levels of the Supply Chain
Figure 28: Table Butter Production: Manufacturing Cost Breakup (in %)
Figure 1: Global: Table Butter Industry Overview
Figure 2: Global: Table Butter Market: Volume Trends (in Million Metric Tons), 2017-2022
Figure 3: Global: Table Butter Market: Value Trends (in Billion US$), 2017-2022
Figure 4: Global: Table Butter Market: Price Trends (in US$/Ton), 2017-2022
Figure 5: Global: Table Butter Market: Breakup by Region (in %), 2022
Figure 6: Global: Table Butter Market Forecast: Volume Trends (in Million Metric Tons), 2023-2028
Figure 7: Global: Table Butter Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 8: Global: Table Butter Market Forecast: Price Trends (in US$/Ton), 2023-2028
Figure 9: Global: Table Butter Industry: SWOT Analysis
Figure 10: Global: Table Butter Industry: Value Chain Analysis
Figure 11: Global: Table Butter Industry: Porter’s Five Forces Analysis
Figure 12: European Union: Table Butter Market (in Metric Tons), 2017 & 2022
Figure 13: European Union: Table Butter Market Forecast (in Metric Tons), 2023-2028
Figure 14: North America: Table Butter Market (in Metric Tons), 2017 & 2022
Figure 15: North America: Table Butter Market Forecast (in Metric Tons), 2023-2028
Figure 16: Eastern Europe: Table Butter Market (in Metric Tons), 2017 & 2022
Figure 17: Eastern Europe: Table Butter Market Forecast (in Metric Tons), 2023-2028
Figure 18: Oceania: Table Butter Market (in Metric Tons), 2017 & 2022
Figure 19: Oceania: Table Butter Market Forecast (in Metric Tons), 2023-2028
Figure 20: Latin America: Table Butter Market (in Metric Tons), 2017 & 2022
Figure 21: Latin America: Table Butter Market Forecast (in Metric Tons), 2023-2028
Figure 22: Asia: Table Butter Market (in Metric Tons), 2017 & 2022
Figure 23: Asia: Table Butter Market Forecast (in Metric Tons), 2023-2028
Figure 24: Table Butter Manufacturing Plant: Detailed Process Flow
Figure 25: Table Butter Manufacturing Process: Conversion Rate of Products
Figure 26: Table Butter Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 27: Table Butter Industry: Profit Margins at Various Levels of the Supply Chain
Figure 28: Table Butter Production: Manufacturing Cost Breakup (in %)
