Global Butter and Margarine Market Growth 2023-2029

Global Butter and Margarine Market Growth 2023-2029

Product Code:460756

Published Date: Feb 08,2023

Pages: 127

Region: Global

Category: Food & Beverages

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Butter is a dairy product that manufacturers make by churning cream or milk to separate the solid components from the liquid. People commonly use butter in cooking, baking, and as a spread.

Margarine is a substitute for butter. Manufacturers make margarine from plant-based oils, such as canola oil, palm fruit oil, and soybean oil.

Although butter and margarine have different components, both can contain large amounts of different fats.

LPI (LP Information)' newest research report, the “Butter and Margarine Industry Forecast” looks at past sales and reviews total world Butter and Margarine sales in 2022, providing a comprehensive analysis by region and market sector of projected Butter and Margarine sales for 2023 through 2029. With Butter and Margarine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Butter and Margarine industry.

This Insight Report provides a comprehensive analysis of the global Butter and Margarine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Butter and Margarine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Butter and Margarine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Butter and Margarine and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Butter and Margarine.

The global Butter and Margarine market size is projected to grow from US$ 63770 million in 2022 to US$ 80150 million in 2029; it is expected to grow at a CAGR of 80150 from 2023 to 2029.

The major players in global Butter and Margarine market include Upfield, Arla Foods, Land O‘lakes, etc. The top 3 players occupy about 10% shares of the global market. Asia Pacific and Europe are main markets, they occupy about 70% of the global market. Butter is the main type, with a share about 85%. Food Industry is the main application, which holds a share about 60%.

This report presents a comprehensive overview, market shares, and growth opportunities of Butter and Margarine market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Butter
    Margarine

Segmentation by application
    Food Industry
    Household

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Upfield
    Bunge
    NMGK Group
    ConAgra
    Wilmar-International
    Fuji Oil
    BRF
    Yildiz Holding
    Grupo Lala
    NamChow
    Cargill
    COFCO
    Uni-President
    Mengniu Group
    Yili Group
    Land O‘lakes
    Arla Foods
    Lactails
    Fonterra
    Amul

Key Questions Addressed in this Report
What is the 10-year outlook for the global Butter and Margarine market?
What factors are driving Butter and Margarine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Butter and Margarine market opportunities vary by end market size?
How does Butter and Margarine break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?