What Has Been the Growth of the Butter Blocks Market So Far?
The butter blocks market has seen considerable growth due to a variety of factors.
• The butter blocks market has seen strong growth. It is projected to grow from $32.73 billion in 2024 to $34.5 billion in 2025 at a CAGR of 5.4%.
This growth is driven by growing consumer awareness of natural products, higher disposable incomes, increased dairy production, global trade, and more spending on food.
What Are the Future Growth Projections for the Butter Blocks Market?
The butter blocks market is expected to maintain its strong growth trajectory in upcoming years.
• The butter blocks market is expected to reach $42.01 billion by 2029, growing at a CAGR of 5.1%.
Growth is driven by health awareness, demand for organic products, quality dairy, and versatility in food products. Trends include technological advancements, organic options, sustainable packaging, and artisanal dairy products.
What Are The Core Factors Supporting Growth In The Butter Blocks Market?
The increasing demand for bakery products is expected to drive the growth of the butter blocks market. Bakery products use butter blocks to enhance the texture and flavor of various items like pastries and cookies. As demand for bakery goods rises, especially with the growing trend of home baking, butter blocks are in greater demand. The Agriculture and Horticulture Development Board reported in February 2024 that baking activities grew by 1% in 2023, fueling the demand for butter blocks.
What Are The Major Segments Within The Global Butter Blocks Market?
The butter blocks market covered in this report is segmented –
1) By Type: Salted, Unsalted, Other Types
2) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online Stores, Departmental Stores
3) By Application: Baking, Cooking, Spreading, Flavoring
Subsegments:
1) By Salted: Regular Salted Butter, Lightly Salted Butter, Specialty Salted Butter
2) By Unsalted: Regular Unsalted Butter, Cultured Unsalted Butter, Organic Unsalted Butter
3) By Other Types: Flavored Butter, Vegan And Plant-Based Butter Alternatives, Clarified Butter
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Which Emerging Market Trends Are Altering The Butter Blocks Industry?
Companies in the butter blocks market are developing innovative products such as sweet cream butter to improve their market position. Sweet cream butter is made from fresh cream and offers a mild, smooth flavor ideal for various culinary applications. In June 2022, Land O'Lakes launched butter balls, designed for easy portioning and cooking. These butter balls are measured for consistent results, simplifying the cooking process while delivering high-quality flavor and texture.
Who Are the Key Players In The Butter Blocks Market?
Major companies operating in the butter blocks market are:
• Danone S.A.
• Lactalis Group
• Fonterra Co-operative Group Limited
• Royal FrieslandCampina
• Saputo Inc.
• Arla Foods amba
• Kerry Group
• Agropur Cooperative
• Dairy Farmers of America
• Land O'Lakes Inc.
• Glanbia PLC
• Schreiber Foods Inc.
• Emmi AG
• Megmilk Snow Brand Co. Ltd.
• DMK Group
• Ornua Co-operative Ltd.
• Associated Milk Producers Inc.
• California Dairies Inc.
• Grassland Dairy Products Inc.
• Anand Milk Union Limited
• Eurial
• Dairy Crest
What Is The Most Dominant Region In The Butter Blocks Market?
Asia-Pacific was the largest region in the butter blocks market in 2023. The regions covered in the butter blocks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
