Butter Market was worth xx billion in 2016 and estimated to be growing at a CAGR of 4.84%
Hyderabad, India -- (SBWIRE) -- 03/07/2018 -- There is a rising trend of natural food consumption because of the shift in consumer preference with regards to processed foods. Butter is a dairy product created by churning cream or milk. It can be used as a spread and as a regular ingredient in everyday domestic cooking. From a nutritionary perspective, butter is an excellent source of protein. It contains saturated fat created from the fresh cream and milk.
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The global Butter Market is predicted to grow from 2016 with a steady CAGR of 4.84% until the end of 2021. This can be attributed to the growing demand for butter globally, as it is an important ingredient in the recipe of many popular dishes and desserts.
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The increase in demand for natural food products because of the increase in health consciousness drives the expansion of this market. An increase in the disposable incomes, particularly in the developing countries, is another key driver of this market. In developed countries, product innovation and the increase in home-baking drives the butter market growth. Accessibility of healthy alternatives to butter, like margarine, alongside government rules in the production and distribution of butter restrain the market growth.
Growing demand in developing countries can also be thought of as a growth opportunity for butter market. The United States of America accounts for the biggest market globally. This may be attributed to the significant demand for numerous kinds of food dishes and desserts involving butter, and in addition, to the usage of butter within the everyday diet of the local populace.
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North America dominates the market. The rise in home-baking and the growing food business further support the expansion in this region. Asia-Pacific is predicted to be the fastest-growing marketplace for butter, throughout the forecast period, with China and India being the most important markets.
The top companies leading the global Butter Market are Amul, Kraft Foods Inc., Arla Foods UK Plc., Farmers Cooperative Creamery, Land O Lakes, Frieslandcampina, Dean Foods Company, and Nestle SA.
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