Global Milk And Butter Market Overview 2024, Forecast To 2033
16 Jan, 2024
The milk and butter market has grown robustly, ascending from $321.08 billion in 2023 to $339.65 billion in 2024 at a 5.8% CAGR. Historical growth is linked to dairy farming, culinary use, and global trade. Continued growth is forecasted, reaching $416.08 billion in 2028 at a 5.2% CAGR. Key drivers include diverse dairy alternatives, health and wellness trends, sustainability, digital marketing, and global market expansion. Notable trends encompass plant-based options, lactose-free alternatives, butter blends, and fortified dairy.
Global Milk And Butter Market Key Driver
The milk and butter manufacturing market experiences positive growth fueled by the rising demand for local, sustainable, and organic food production. Sales of organic dairy products and eggs surged by 11% in June 2022, reflecting consumers' increasing emphasis on health and environmental considerations. The market benefits from a growing preference for organic products.
Get A Free Sample Of The Global Milk And Butter Market ReportGlobal Milk And Butter Market Segments
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
By Geography: The regions covered in the milk and butter market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
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.
Major Milk And Butter Industry Players
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
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Milk And Butter Market Overview
Milk is liquid food produced by mammals that are rich in nutrients including lactose and protein. Butter is a solid emulsion of fat globules, air, and water made from churned cream and used for cooking or a spread.
Milk And Butter Global Market Report 2023 provides data on the global milk and butter market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The milk and butter market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.