Butter Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2023-2027

Published: Oct 2023 Pages: 155 SKU: IRTNTR76250

Butter Market Forecast 2023 - 2027

The butter market size is estimated to grow by USD 11.26 million, at a CAGR of 4.93% between 2022 and 2027. The report includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

Increasing consumer awareness of the health benefits Is the key factor driving the growth of the market. As nutritional knowledge becomes more accessible and health-consciousness prevails, consumers are recognizing that when consumed in moderation, can be a valuable addition to a balanced diet. Butter is rich in essential nutrients such as vitamins A, D, and E, all of which support overall health. Vitamin A and vitamin D contribute to bone health and immune system regulation, while vitamin A is essential for good vision, immune function, and skin health. In the face of growing concerns about processed and artificial ingredients, consumers are actively seeking products with recognizable and simple ingredient lists. With its minimal processing and natural origins, it  fits well within this paradigm. That is why consumers are becoming more inclined to choose whole foods such as butter for a healthy choice, contributing to a well-rounded diet. Such factors are expected to drive the growth of the global market size during the forecast period.

Butter Market: Overview

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Major Trends 

The growing demand for natural and organic butter is a key trend in the market share.  Because of the rising demand for natural and organic, there is substantial growth in the worldwide market. This trend reflects a shift in consumer preferences towards healthier and more sustainable food choices. As health consciousness and awareness about the environmental effects the food production increase, consumers are actively seeking out butter products that align with their values. The growing demand for natural and organic butter can be attributed to several factors. 

However, the production of organic aligns with these principles, which appeal to consumers who are concerned about their food choices. The key factors driving this trend are also the health aspects. Consumers view butter as a source of healthier fats, vitamins, and nutrients that contribute to a balanced diet. The proactive approach enables them to cater to the growing demand while also establishing themselves as environment-conscious and health-focused brands. Such factors are expected to drive the growth of the global market during the forecast period.

Significant Challenge 

The increasing competition from alternative spreads is a major challenge in the market.  Due to the increasing competition from alternative spreads, the global market is facing significant market challenges. The surge in demand for plant-based and vegan diets has led to the emergence of a variety of alternative spreads such as margarine, sunflower seed spread, and avocado-based spreads. These substitutes often position themselves as healthier options, free from animal fats and cholesterol.

As health-conscious consumers seek alternatives to traditional butter, the market share for these products has expanded significantly. This challenge is also a matter of concern for the environment. This change is in line with a general trend towards decreasing the impact of food production on the environment. Furthermore, the innovation and diversification of alternative spreads have enabled manufacturers to cater to specific dietary needs and preferences. It is expected to hinder the growth of the global market during the forecast period.

 Market Segmentation by Product

The cultured butter segment is an active and significant player in the global market. The demand for cultured butter has surged as more people become aware of its unique characteristics and culinary benefits. E-commerce has played a significant role in expanding the reach of the segment. The wide range of cultured butter products which may not be easily available in the local market is offered to consumers via online retail platforms. This gives rise to new opportunities for producers in terms of increasing their reach and expanding their presence on the market. Consumers are starting to pay more attention to the environmental and societal impacts of food choices. Manufacturers respond by producing cultured butter made from ethically sourced cream and adopting environmentally responsible production methods.

 Market Segmentation by Distribution Channel

The market share growth by the offline segment will be significant during the forecast period. It is a segment that encompasses traditional brick-and-mortar retail channels where consumers physically visit stores to purchase butter products. A large variety of butter brands and products is available to consumers in supermarkets, grocery stores, or specialized retail outlets on the outside segment of the global market.

The offline segment was the largest segment and was valued at USD 32.15 million in 2017. 

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Offline retail allows butter manufacturers to engage with customers through attractive product displays, promotions, and sampling activities. This direct interaction enables the manufacturers to create awareness of their products among consumers. While online retail offers convenience and a wider range of options, the offline segment ensures immediacy in acquiring products and offers a personalized shopping experience. Such factors are expected to drive the growth of the offline segment of the global butter market during the forecast period.

Key Regions 

North America is estimated to contribute 50% to the growth of the global market during the forecast period.

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Technavio’s analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period. The market in North America is characterized by a dynamic landscape influenced by a combination of consumer preferences, culinary traditions, and industry dynamics. North America holds a prominent position in the global market due to its significant butter consumption across various applications such as baking, roasting, and toasting. The tradition of cooking and the habits of food consumption are some of the driving forces in the regional market. Butter holds a cherished place in North American cuisine, used in a wide array of dishes, from baked goods to savory recipes.

Furthermore, the demand for butter remains strong, given that the food service sector is still innovating and diversifying its products. The North American market for butter is also marked by innovation in a variety of products. Manufacturers are introducing flavored and specialty butter products to cater to changing consumer preferences. Such factors are expected to drive the demand for butter, which, in turn, is expected to drive the growth of the market in North America during the forecast period.

Companies Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Key Offering- ANDY ALBAO CORP - The company offers butter such as Coconut butter which contains high fiber with health benefits that aid digestion and helps clean the colon which is considered as functional food, superfood, and dietary food.
  • Key Offering- Arla Foods Amba - The company offers butter products such as arla pro butter and Lurpak, Arla Pro unsalted butter, and Arla Pro slightly salted butter 5kg.
  • Key Offering- BASF SE - The company offers butter such as BASF Soothing Cleansing Butter which includes an anhydrous formulation based on Cegesoft VP, Cutina PES, and natural shea butter Cetiol SB 45.

The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • BaliNutra
  • Cargill Inc.
  • Celebes Coconut Corp.
  • ESCENTUAL SOAPS
  • Etsy Inc.
  • G. Baldwin and Co.
  • Gujarat Cooperative Milk Marketing Federation Ltd.
  • Hallstar Innovations Corp.
  • Land O Lakes Inc.
  • Madar Corp Ltd.
  • Natural Sourcing LLC
  • Nestle SA

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market is influenced by various factors, including the demand for processed food products such as bakery and confectionery items, as well as ready-to-eat meals. Despite challenges like supply chain disruptions, the market sees growth driven by food manufacturing and processing companies offering healthy products made from natural and healthy ingredients.

Purchasing behavior favors convenience, leading to the popularity of ready-to-cook meals and alternatives like A2 milk and plant-based options such as soymilk and nut milk-based butter. The market also caters to those with lactose intolerance through dairy substitutes and non-dairy ice creams. To meet consumer preferences, there is a trend towards using vegetable oil-based ingredients in bakeries and confectionery products. Overall, the butter market adapts to changing consumer needs, offering a range of options to cater to different dietary requirements and preferences in the food industry.

Segment Overview

The market research report growth by revenue at global, regional & country levels and provides market trends and analysis and growth opportunities from 2017 to 2027. 

  • Distribution Channel Outlook (USD Million, 2017 - 2027)
    • Offline
    • Online
  • Product Outlook (USD Million, 2017 - 2027)
    • Cultured butter
    • Uncultured butter
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Argentina
      • Brazil

Market Scope

Report Coverage

Details

Page number

155

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.93%

Market growth 2023-2027

USD 11.26 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.08

Regional analysis

North America, South America, Europe, APAC, and Middle East and Africa

Performing market contribution

North America at 50%

Key countries

US, Canada, China, UK, and France

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ANDY ALBAO CORP., AOS Products Pvt. Ltd., Arla Foods amba, Artisana Organics, Avi Naturals, BaliNutra, BASF SE, Cargill Inc., Celebes Coconut Corp., ESCENTUAL SOAPS, Etsy Inc., G. Baldwin and Co., Gujarat Cooperative Milk Marketing Federation Ltd., Hallstar Innovations Corp., Land O Lakes Inc., Madar Corp Ltd., Natural Sourcing LLC, Nestle SA, Organic Valley, Sowparnika Retail Pvt. Ltd., The Hain Celestial Group Inc., Unilever PLC, and Vertellus Holdings LLC

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market growth analysis for the market forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the Market growth and forecasting
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the market in focus on the parent market
  • Accurate predictions about market growth and trends and changes in consumer behavior
  • Growth of the market industry across North America, South America, Europe, APAC, and the Middle East and Africa
  • A thorough market research and growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global butter market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global butter market 2017 - 2021 ($ million)
    • 4.2 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Distribution Channel

    • 6.1 Market segments
      • Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 6.2 Comparison by Distribution Channel
      • Exhibit 32: Chart on Comparison by Distribution Channel
      • Exhibit 33: Data Table on Comparison by Distribution Channel
    • 6.3 Offline - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 6.4 Online - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Distribution Channel
      • Exhibit 42: Market opportunity by Distribution Channel ($ million)
      • Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 44: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 46: Chart on Comparison by Product
      • Exhibit 47: Data Table on Comparison by Product
    • 7.3 Cultured butter - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Cultured butter - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Cultured butter - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Cultured butter - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Cultured butter - Year-over-year growth 2022-2027 (%)
    • 7.4 Uncultured butter - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Uncultured butter - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Uncultured butter - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Uncultured butter - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Uncultured butter - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 60: Market opportunity by Product ($ million)
      • Exhibit 61: Data Table on Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 South America - Market size and forecast 2022-2027
      • Exhibit 71: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Canada - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 103: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 ANDY ALBAO CORP.
              • Exhibit 115: ANDY ALBAO CORP. - Overview
              • Exhibit 116: ANDY ALBAO CORP. - Product / Service
              • Exhibit 117: ANDY ALBAO CORP. - Key offerings
            • 12.4 Arla Foods amba
              • Exhibit 118: Arla Foods amba - Overview
              • Exhibit 119: Arla Foods amba - Business segments
              • Exhibit 120: Arla Foods amba - Key offerings
              • Exhibit 121: Arla Foods amba - Segment focus
            • 12.5 BASF SE
              • Exhibit 122: BASF SE - Overview
              • Exhibit 123: BASF SE - Business segments
              • Exhibit 124: BASF SE - Key news
              • Exhibit 125: BASF SE - Key offerings
              • Exhibit 126: BASF SE - Segment focus
            • 12.6 Cargill Inc.
              • Exhibit 127: Cargill Inc. - Overview
              • Exhibit 128: Cargill Inc. - Product / Service
              • Exhibit 129: Cargill Inc. - Key news
              • Exhibit 130: Cargill Inc. - Key offerings
            • 12.7 Celebes Coconut Corp.
              • Exhibit 131: Celebes Coconut Corp. - Overview
              • Exhibit 132: Celebes Coconut Corp. - Product / Service
              • Exhibit 133: Celebes Coconut Corp. - Key offerings
            • 12.8 Etsy Inc.
              • Exhibit 134: Etsy Inc. - Overview
              • Exhibit 135: Etsy Inc. - Product / Service
              • Exhibit 136: Etsy Inc. - Key offerings
            • 12.9 G. Baldwin and Co.
              • Exhibit 137: G. Baldwin and Co. - Overview
              • Exhibit 138: G. Baldwin and Co. - Product / Service
              • Exhibit 139: G. Baldwin and Co. - Key offerings
            • 12.10 Gujarat Cooperative Milk Marketing Federation Ltd.
              • Exhibit 140: Gujarat Cooperative Milk Marketing Federation Ltd. - Overview
              • Exhibit 141: Gujarat Cooperative Milk Marketing Federation Ltd. - Product / Service
              • Exhibit 142: Gujarat Cooperative Milk Marketing Federation Ltd. - Key offerings
            • 12.11 Hallstar Innovations Corp.
              • Exhibit 143: Hallstar Innovations Corp. - Overview
              • Exhibit 144: Hallstar Innovations Corp. - Product / Service
              • Exhibit 145: Hallstar Innovations Corp. - Key offerings
            • 12.12 Land O Lakes Inc.
              • Exhibit 146: Land O Lakes Inc. - Overview
              • Exhibit 147: Land O Lakes Inc. - Product / Service
              • Exhibit 148: Land O Lakes Inc. - Key offerings
            • 12.13 Nestle SA
              • Exhibit 149: Nestle SA - Overview
              • Exhibit 150: Nestle SA - Business segments
              • Exhibit 151: Nestle SA - Key news
              • Exhibit 152: Nestle SA - Key offerings
              • Exhibit 153: Nestle SA - Segment focus
            • 12.14 Organic Valley
              • Exhibit 154: Organic Valley - Overview
              • Exhibit 155: Organic Valley - Product / Service
              • Exhibit 156: Organic Valley - Key offerings
            • 12.15 The Hain Celestial Group Inc.
              • Exhibit 157: The Hain Celestial Group Inc. - Overview
              • Exhibit 158: The Hain Celestial Group Inc. - Business segments
              • Exhibit 159: The Hain Celestial Group Inc. - Key news
              • Exhibit 160: The Hain Celestial Group Inc. - Key offerings
              • Exhibit 161: The Hain Celestial Group Inc. - Segment focus
            • 12.16 Unilever PLC
              • Exhibit 162: Unilever PLC - Overview
              • Exhibit 163: Unilever PLC - Business segments
              • Exhibit 164: Unilever PLC - Key news
              • Exhibit 165: Unilever PLC - Key offerings
              • Exhibit 166: Unilever PLC - Segment focus
            • 12.17 Vertellus Holdings LLC
              • Exhibit 167: Vertellus Holdings LLC - Overview
              • Exhibit 168: Vertellus Holdings LLC - Product / Service
              • Exhibit 169: Vertellus Holdings LLC - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 170: Inclusions checklist
                • Exhibit 171: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 172: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 173: Research methodology
                • Exhibit 174: Validation techniques employed for market sizing
                • Exhibit 175: Information sources
              • 13.5 List of abbreviations
                • Exhibit 176: List of abbreviations
              • food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

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                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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