Global Butter Market to Reach US$32.7 Billion by 2030

The global market for Butter estimated at US$24.8 Billion in the year 2023, is expected to reach US$32.7 Billion by 2030, growing at a CAGR of 4.0% over the analysis period 2023-2030. Salted, one of the segments analyzed in the report, is expected to record a 3.6% CAGR and reach US$21.8 Billion by the end of the analysis period. Growth in the Unsalted segment is estimated at 5.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$6.7 Billion While China is Forecast to Grow at 6.7% CAGR

The Butter market in the U.S. is estimated at US$6.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.2% and 3.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

Global Butter Market - Key Trends and Drivers Summarized

Butter, a versatile dairy product made from churned cream, remains a staple in kitchens globally, used in various culinary applications such as spreading, baking, and frying. The butter industry is influenced by health trends, culinary innovations, and changing consumer preferences, driving further growth and diversification in butter offerings. From traditional spreads to clarified butter for high-heat cooking, butter continues to be essential in both home and professional kitchens.

The global butter market is witnessing growth fueled by trends such as the rising demand for natural and organic products, increased home cooking and baking activities, and the popularity of gourmet and artisanal butter varieties. Consumers are shifting towards healthier, less processed foods, leading to a preference for organic butter made from cows fed natural, non-GMO feed. The surge in home cooking, influenced by remote work policies, has increased the demand for butter, known for its health benefits and flavor-enhancing properties.

Premiumization is evident in the butter market, with consumers seeking high-quality, artisanal products offering unique flavors and textures. Flavored and infused butters, catering to diverse culinary preferences, are gaining popularity, along with sustainable and ethically produced options. Additionally, functional and fortified butters, including vegan and plant-based alternatives, are emerging to meet the demands of health-conscious consumers seeking sustainable and nutritious options.