The salted butter market has shown substantial growth, increasing from $35.94 billion in 2023 to $37.92 billion in 2024, with a CAGR of 5.5%. This growth is driven by the rise of online shopping platforms, increased health awareness, growing demand from professional chefs, population growth, and a preference for natural products. The market is projected to reach $47.54 billion by 2028, growing at a CAGR of 5.8%. Future growth is supported by growing health awareness, increasing popularity of bakery products, demand for artisanal dairy products, and global food trend influences. Key trends include technological advancements, growth in artisanal varieties, organic options, gourmet cooking, innovations in packaging, and a focus on sustainable sourcing.
Major Driver In The Salted Butter Market
The rising popularity of bakery products is anticipated to drive the growth of the salted butter market. Bakery products are increasingly favored due to their convenience, flavor diversity, and artisanal quality. Salted butter enhances the flavor and texture of baked goods. The National Center for Biotechnology Information reported in April 2023 that the Italian bakery products industry produced 13.10 million tons in 2021, a 2.6% increase from 2020. This growing popularity of bakery products is contributing to the salted butter market’s expansion.
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Salted Butter Market Competitive Landscape
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.
Key Salted Butter Market Trend
In the salted butter market, companies are introducing organic products to meet consumer demand for high-quality flavor. Organic salted butter, crafted from milk sourced from cows raised without synthetic inputs, is becoming popular. In April 2023, Organic Milk Suppliers Cooperative Ltd., a UK dairy producer, launched its Grass Roots Dairy Co organic salted butter, emphasizing grass-fed milk for a rich flavor profile. This product caters to health-conscious consumers looking for natural, ethically sourced options, aligning with growing trends in sustainability and transparency in food production.
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Salted Butter Market Segmentation
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
By Geography:The regions covered in the salted butter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the salted butter market in 2023.
The Salted Butter Global Market Report 2024 furnishes information about the global salted butter market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
