Report ID: SQMIG30I2304
Butter Market Size, Share, Growth Analysis, By Product(Cultured Butter, Uncultured Butter and Others), By Distribution Channels(Offline and Online), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2304 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
60 |
Figures:
77
Butter Market Regional Insights
By geographic market revenue share for butter, Asia Pacific led the world. In terms of market revenue in 2021, Asia Pacific accounted for over 45% of the global butter market. The increased population, primarily from China and India, is largely to blame for this. About half of the world's population resides in Asia and the Pacific, according to United Nations statistics. The larger market share held by the Asia Pacific region is attributed to its vast consumer base and high consumption of fast food, baked goods, and other processed foods.
The butter market in Europe is expanding at the highest rate in the world. The worldwide butter market is expected to see a CAGR of 2.9% in the European area during the forecast period. Butter consumption habits among consumers are evolving, which is fueling the market's expansion. Butter consumption is regaining momentum in the European market as consumers switch back to it from margarine and other alternatives. The market for butter is expanding as people in this area become more aware of the health advantages of eating butter.
Butter Market Report Snapshots
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