Concentrated Butter Market: Global Industry Analysis and Forecast (2023-2029)

Global Concentrated Butter Market size is expected to reach nearly US$ 2756 Mn by 2029 with the CAGR of 3.6% during the forecast period.

The global Concentrated Butter market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global concentrated Butter market report also provides trends by market segments, technology, and investment with a competitive landscape.To know about the Research Methodology :- Request Free Sample Report
Global Concentrated Butter Market Overview
Concentrated butter is also known as Anhydrous milk fat (AMF) and its market is anticipated to grow rapidly in coming years. AMF is derived or obtained from pasteurized milk or butter which is 100% cow milk that is heated and centrifuged after removal of water and non-fat dry matters are removed physically such as mil protein, lactose, and minerals. Market evaluation such as shifting preferences has led towards serious development in the concentrated butter industry.

Concentrated butter contains Vitamin A, D, E, 99% of milk fat and is lactose-free with 1% of water in it and has a melting point at 34-35 degrees centigrade. Concentrated butter is generally termed butter for industrial purposes and comes in variations. It is used mostly for the production of food and confectionery products. Due to its richness in milk fat, it gives a pleasant taste and doubles the volume of creaming when applied.
Dynamics:
Increased usage of concentrated butter in the food and beverage industry has proven to be opportunistic in market growth. Its benefits such as the ability to absorb nutrients and the properties of powerful anti-oxidants have increased the demand for the product. With dropping in the price of substitute products the competition has increased and when used in bakery products it gives a longer life-shelf of the product and a pleasant feel to the mouth when eaten. Due to this, its usage has been high in the bakery sector and is anticipated to push the market growth.

An increase in the demand for concentrated butter in regions like the Middle East & Africa and North and South America has boosted the market growth. The demand has increased notably because of the high production of bakery, confectionery, and milk products in the region. Moreover, an increase in the consciousness of health among people and high demand for low calorie/ fat products is driving the market growth because it contains vitamins A, D, E and is low in saturated fats which helps in consuming only the needed amount of fat.

However increase in the competition, availability of substitutes, and government regulation for the production of butter combined with increased awareness among people about the usage of added chemicals for the production of AMF had restrained rain the market from growing.
Global Concentrated Butter Market Segment Analysis
Based on nature the market is segmented into organic concentrated butter and conventional concentrated butter of which the market is dominated by organic butter due to its high demand. Organic Concentrated butter contains is derived from the cream of cows that has been raised on organic ingredients and food like grass. Which is an all-natural process without any added chemicals and pesticides.

The segment of conventional butter is also on the rise due to its benefits upon use. it helps in cholesterol control and heart disease, Increased awareness among people about fat and health consciousness is expected to boost the demand for organic butter. it contains less fat (12-15%) as compared to organic butter 25% which is expected to boost the market growth in coming years.

Based on End-use the market is dominated by the food & Beverage and bakery segment due to high usage in the production of baked foods such as cakes, pastries, cookies, bread rolls, etc. it gives buttery flavor to the final product it is also used for soups and sausages as it gives a creamy and sweet taste. Whereas the segment of household is also noting growth due to high consumption of concentrated butter in place of regular butter as it contains less fat as compared to other butter types.
Regional Insights:
Asia Pacific region is the most dominant region in the global concentrated market due to the high use of butter in the region and the development of food processing industries Moreover, it is expected to grow at a fast rate in the projected years Asia Pacific region has the highest consumption of butter especially in the Indian subcontinent. Increasing demand for clean products and an upsurge in confectionery and baked food products are contributing to the growth of the market in the region. China, India, Japan, and South Korea are the major contributors in the region and for boosting the overall market growth.

North America has also witnessed growth in the market due to an increase in awareness among people about health. People are now more focused on eating low calories/fat food for better health. According to reports, the average person in America consumes 3kg of butter annually. The rise in the cases of obesity and other health conditions caused by high fat and cholesterol in the body triggered the market growth in the region. USA, Canada, and Mexico are the major contributors to the region's market growth.

Europe is expected to register the highest growth in the forecast period because of the high usage of concentrated butter in the food & beverage industry. As per the reports in Denmark. People consume 6 kg of butter per year followed by Germany at 4.9 kg. Germany France, England, Italy are the major countries contributing to the region's market growth.

The objective of the report is to present a comprehensive analysis of the Global Concentrated Butter market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Concentrated Butter Market dynamics, structure by analyzing the market segments and project the Global Concentrated Butter Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Concentrated Butter Market make the report investor’s guide.
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Concentrated Butter Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2151 Mn.


Forecast Period 2023 to 2029 CAGR:
3.6%
Market Size in 2029:
US $ 2756 Mn.


 Segments Covered:
by Nature
Organic Concentrated Butter
Conventional Concentrated Butter


by Application
Food industry
Bakery
Confectionary
Dairy and desserts
Ready meals
Soups, sauces, dressings
Food Service Industry
Households


by Packaging Type
Jars
Tins
Tubs


by Distribution Channel
Direct
Indirect



Global Concentrated Butter Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
South America (Brazil, Argetina and Rest of South America)
Global concentrated Butter Market Key Players
1. Roil Foods Ltd.
2. Grassland Dairy Products
3. Verka USA
4. Organic Valley
5. Amul
6. Nordic Creamery
7. Beneficial Blends LLC
8. Lurpak
9. Hook & Son
10. MCT Diaries
11. Royal VIV Buisman
12. Netherland Fram Ltd.
13. Avera Foods (Pty) Ltd.
14. Lactalis International
15. Flanders Milk
16. Others
Frequently Asked Questions:
1. Which region has the largest share in Global Concentrated Butter Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Concentrated ButterMarket?
Ans: The Global Concentrated Butter Market is growing at a CAGR of 3.6% during forecasting period 2023-2029.

3. What is scope of the Global Concentrated Butter Market report?
Ans: Global Concentrated Butter Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. What was the Global Concentrated Butter Market size in 2022?
Ans: The Global Concentrated Butter market was valued at US$ 2151 Mn. In 2022.

5. What is the study period of this Market?
Ans: The Global Concentrated Butter Market is studied from 2022 to 2029.