Asia Pacific Butter Market

Asia Pacific Butter Market Growth and Forecast (2023 - 2028):

Asia Pacific Butter Market was worth xx billion in 2022 and estimated to be growing at a CAGR of xx%, to reach xx billion by 2028.

Market Overview:

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.

Drivers and Restraints:

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.

Asia Pacific Butter Market Segmentation Analysis:

Asia Pacific Butter Market Segmentation by processing, type , usage and distribution channel. By processing the market is classified into Processed and non-processed butter. By type it is further analysed under Cultured, uncultured, cream and whipped, whey and salted. By usage the market is analysed under Spreadable and non-spreadable. Non-spreadable butter segment dominates the market. By distribution channel the market is segmented into Supermarkets, convenience stores, grocery stores and others.The supermarket segment dominates the global market.

Region Analysis:

On the basis of geography, the global market is analysed under various regions namely China, India, Japan, Australia and South Korea. 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.

Key Players in the Market:

Major key players in the Asia Pacific Butter Market are

Amul, Arla Foods UK Plc. , Kraft Foods Inc., FrieslandCampina, Dean Foods company.