The Asia Pacific Butter Market is worth 4.67 billion in 2024 and estimated to be growing at a CAGR of 4.65%, to reach 6.71 billion by 2032.
Butter is a dairy product made by churning cream or milk. It can be used like a spread and as a regular ingredient in cooking. From a nutritional perspective, butter is a very good source of protein. It contains saturated fat made from the fresh cream and milk.
Due to rising health consciousness among people, the demand for natural products has risen which in turn drives the butter market. A rise in the disposable incomes, especially in the developing countries, is another driver of this market. In developed countries, product innovation and the increased home baking further fuels the market.
Availability of healthy alternatives to butter, such as margarine, along with government regulations in the production and distribution of butter restrain the market growth. Growing demand in developing countries can be considered as an opportunity for this market.
Non-spreadable butter segment dominates the market
The supermarket segment dominates the global market
Asia Pacific is expected to be the fastest growing market during the forecast period with India and China being the major markets. Increasing disposable incomes and change in consumer preferences are the main reasons for the growth of butter market in Asia-Pacific.
Major key players in the Asia Pacific Butter Market are Amul, Arla Foods UK Plc. , Kraft Foods Inc., FrieslandCampina, Dean Foods company.
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