Butter Market Size 2025-2029
The butter market size is forecast to increase by USD 10.9 billion, at a CAGR of 4.4% between 2024 and 2029.
The global butter market is experiencing a significant shift driven by evolving consumer preferences for natural, minimally processed dairy fats, a trend influenced by contemporary nutritional science. This move away from low-fat diets has enhanced the clean-label perception of butter. Concurrently, sustainability and traceability have become core market imperatives, influencing everything from raw milk sourcing standards to packaging solutions. Digital tracking technologies and verifiable proof of responsible production are becoming industry standards, impacting the entire supply chain. These dynamics are central to the anhydrous milk fat (BUTTER OIL) market and the broader butter market, shaping both product development and consumer trust.However, the industry contends with profound volatility in raw milk production, a challenge stemming from climatic extremes and escalating feed costs. This instability in raw material inputs leads to price instability and supply chain insecurity, affecting strategic planning for all stakeholders. This issue complicates inventory management and can influence decisions around reformulation with alternative fat sources or nut oils and butters. Addressing this core challenge is critical for maintaining competitiveness and reliability. The demand for product stewardship is rising, with a focus on both quality and sustainable sourcing from farm to consumer, including within the lactose-free butter market and mango butter market.
What will be the Size of the Butter Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
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Market dynamics are increasingly shaped by consumer health perceptions, which are steering demand toward specialized products. The development of lactose-free formulation is expanding the addressable consumer base, while the ongoing examination of milkfat composition analysis is enabling the creation of products with targeted nutritional profiles. This scientific focus also supports growth in related categories, such as the anhydrous milk fat (BUTTER OIL) market, where purity and functional properties are paramount.At the same time, ethical considerations are becoming central to brand value, with a strong emphasis on sustainable dairy farming and complete supply chain transparency. The principles of product stewardship are being applied from farm to consumer, influencing raw milk sourcing standards and demanding verifiable proof of responsible production. This trend is creating a clear distinction between commodity products and premium offerings that deliver on both quality and ecological credentials.Innovation is also occurring through artisanal production methods, which cater to a growing consumer segment seeking authentic and flavor-forward experiences. The rise of specialty butter products, including compound butter recipes and cultured varieties, is creating new avenues for value creation. These niche segments leverage unique flavor profiles and high-quality ingredients to command premium pricing, diversifying the market beyond traditional offerings.
How is this Butter Industry segmented?
The butter industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
- Distribution channel
- Product
- Cultured butter
- Uncultured butter
- Others
- Source
- Animal-based
- Plant-based
- Grass-fed
- Geography
- North America
- South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
- APAC
- India
- China
- Japan
- South Korea
- Australia
- Indonesia
- Middle East and Africa
- Rest of World (ROW)
By Distribution Channel Insights
The offline segment is estimated to witness significant growth during the forecast period.
The offline channel remains the primary distribution pathway, encompassing a diverse ecosystem of retail formats such as hypermarkets, supermarkets, and specialty food shops. This segment's dominance is sustained by its ability to offer immediate product access and the tactile inspection consumers often prefer for perishable goods. Competition for retail shelf space is intense, driving a need for strong brand visibility and effective in-store promotions to influence impulse purchases and maintain market share against private-label offerings.
This channel's strength is rooted in providing sensory assurance and convenience, capitalizing on top-up shopping missions and immediate consumption needs. However, it faces challenges from rising operational costs and the need for sophisticated cold-chain logistics to minimize spoilage and manage inventory effectively. In 2023, the offline segment accounted for approximately 87.8% of total market revenue, underscoring its continued importance despite the growing pressure from online competitors and the requirement for continuous strategic adaptation to maintain its leading position.
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The Offline segment was valued at USD 33.1 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 50.3% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North America region stands as a major growth area, characterized by high per capita consumption and a market that is shifting from commodity status toward a highly segmented landscape. This evolution is defined by product premiumization, health-conscious formulation, and ethical sourcing. A key driver in North America is the sustained consumer preference for natural, minimally processed foods, which has greatly benefited butter's clean-label perception. This dynamic is fueling demand for value-added and differentiated products.
The competitive environment in North America is a battleground between large-scale domestic producers and imported brands that capitalize on their heritage and artisanal qualities. While traditional grocery retailers remain dominant, the online segment for butter is expanding rapidly, supported by robust cold-chain logistics. The region is expected to contribute approximately 50.33% of the global market's incremental growth, driven by continued innovation in areas like grass-fed and cultured butters, even as price sensitivity and competition from alternatives persist.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
A comprehensive global butter market analysis reveals a steadily increasing global butter market size, with a positive global butter market forecast indicating sustained expansion. The current global butter market outlook is shaped by complex global butter market dynamics, where key global butter market drivers include evolving butter consumption patterns and a growing preference for natural fats. However, the industry faces significant global butter market challenges, most notably dairy commodity price volatility, which impacts profitability. Understanding these factors is crucial for stakeholders looking to increase their global butter market share and capitalize on the projected global butter market growth.A deeper look into global butter market segmentation highlights significant global butter market opportunities. Key global butter market trends are emerging, including strong consumer interest in specialty products, as evidenced by positive cultured butter market trends and detailed grass-fed butter market analysis. Concurrently, the remarkable plant-based butter market growth presents a diversification opportunity. To succeed, companies must focus on efficient butter supply chain management and invest in advanced butter production technology. Moreover, a growing emphasis on sustainable butter production is becoming a critical differentiator influencing the market.
What are the key market drivers leading to the rise in the adoption of Butter Industry?
- The market's growth is primarily driven by an increasing consumer preference for natural fat sources.
A primary factor shaping the market is the sustained consumer preference for natural, minimally processed dairy fats. This trend is heavily influenced by a move away from low-fat dietary paradigms and is reinforced by current nutritional science. The shift impacts more than just consumption volume; it drives premiumization, product differentiation, and brand positioning. This movement is deeply connected to the wellness sector, where butter is increasingly valued as a whole food. The demand for products with a clean-label perception, derived from natural dairy fats, is reshaping formulation and marketing strategies, making it a central element of value creation.The market is also experiencing growth from heightened consumer interest in premium and artisanal dairy products. This trend reflects a desire for higher-quality, unique, and flavorful options beyond standard commodity butter. Artisanal production methods, which often emphasize traditional craftsmanship and unique flavor profiles from cultured cream fermentation, are gaining traction. This creates opportunities for specialty butter products that highlight their origin and production techniques. Approximately 50.33% of the market's growth is expected to originate from one key developed region, where this demand for premium and differentiated products is particularly strong, fueling innovation and market expansion.
What are the market trends shaping the Butter Industry?
- A key market trend is the increasing emphasis on sustainability and traceability, which are becoming fundamental requirements.
Sustainability and supply chain traceability have transformed from corporate social responsibility initiatives into core, non-negotiable market imperatives. Stakeholders throughout the value chain are demanding verifiable proof of environmentally sound and ethically responsible production. This is prompting a fundamental reassessment of dairy farming methods, manufacturing processes, and packaging solutions. The push is creating a new competitive axis based on ecological and social credentials, with a focus on environmental footprint reduction. Large food retailers and manufacturers are setting ambitious public targets for reducing their carbon footprint, forcing brands to adopt sustainable dairy farming and enhance supply chain transparency. This shift is redefining brand value and competitive advantage.The expansion of the organized retail landscape is another significant trend influencing the market. The growth of supermarkets, hypermarkets, and other modern retail formats improves product accessibility and brand visibility. This is particularly relevant for the rise of private-label brands, which are gaining significant traction. In some developed markets, private label brands have achieved a retail value share of 40% to 50%, a large portion of which is attributable to food and beverage products. This trend intensifies competition on retail shelf space and encourages vendors to strengthen their distribution networks to cater to increasing consumer demand, which also benefits the broader nut oils and butters and coconut butter market categories.
What challenges does the Butter Industry face during its growth?
- The industry's growth is significantly challenged by the volatility in raw milk production and associated input costs.
The most significant challenge for the industry is the profound volatility in raw milk production, the foundational input for manufacturing. This instability is driven by a combination of climatic extremes, escalating feed costs, and structural shifts in the dairy farming industry. The biological lag in milk production means supply cannot quickly adapt to sudden demand changes, leading to significant price instability and supply chain insecurity. This issue impacts the entire global market, influencing pricing, trade flows, and strategic planning. Within one major geographic market, a single country accounted for over 78% of the regional market value, highlighting how concentrated production risks can amplify this volatility.The market also faces increasing competition from a growing array of alternative spreads. This includes traditional substitutes like margarine as well as a new generation of plant-based alternatives. These products cater to consumers with specific dietary preferences, health concerns, or ethical considerations, such as dairy-free or vegan diets. The innovation in plant-based spreads, derived from sources like nuts, seeds, and oils, presents a formidable challenge to traditional dairy butter's market share. This competitive pressure forces dairy-based producers to innovate and reinforce the value proposition of their products, focusing on taste, texture, and natural origins to maintain consumer loyalty.
Exclusive Customer Landscape
The butter market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the butter market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, butter market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
All Things Butter Ltd. - The company provides a line of chef-quality butters designed for everyday use, featuring a range of savory and sweet flavor profiles. These products include varieties such as garlic and herb, smokey paprika, as well as dessert-oriented options like chocolate and cinnamon bun, catering to diverse culinary applications.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- All Things Butter Ltd.
- Arla Foods amba
- Better Butter Internet Pvt. Ltd.
- Dairy Farmers of America Inc.
- Fonterra Cooperative Group Ltd.
- Good Cow Dairy Pvt. Ltd.
- Heritage Foods Ltd.
- Lactalis International
- Land O Lakes Inc.
- Meadow Foods Ltd.
- Minerva Dairy Inc
- Nerdy Nuts LLC
- Organic Valley
- Ornua Co-operative Ltd.
- Royal FrieslandCampina NV
- Savencia SA
- The Chattanooga Butter Company, LLC
- The Kraft Heinz Co.
- Unilever PLC
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 industry 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.
Recent Development and News in Butter Market
In September 2024, Fonterra Co-operative Group Ltd. announced an investment of approximately 150 million USD to construct a new cool store at its Whareroa site in Taranaki, enhancing its production and logistics capabilities.In May 2024, Arla Foods amba announced a GBP 3.5 million investment in a new butter-making facility at its Westbury dairy, aimed at increasing production capacity and improving energy efficiency.In April 2025, Lactalis International is slated to allocate 50 million USD to its facility in Uberlandia, Minas Gerais, to significantly boost its cheese and butter production capacity in the region.
Research Analyst Overview
The global butter market is shaped by evolving operational frameworks, from raw milk sourcing standards to advanced churning process technology. Producers continually adapt to the complexities of dairy farming economics, addressing raw milk price volatility and supply chain insecurity through enhanced cold-chain logistics and digital tracking technologies. An increasing focus on sustainable dairy farming and environmental footprint reduction is driving demand for pasture-raised sourcing supported by ethical sourcing verification. Concurrently, food safety regulations and adherence to butterfat content standards influence production, while techniques like milkfat composition analysis and an understanding of dairy fat crystallization are critical. These factors coexist with a renewed interest in artisanal production methods, creating a diverse manufacturing landscape.Consumer preferences and product innovation are key dynamics, with clean-label ingredient perception favoring natural dairy fats and grass-fed dairy fats. This trend influences everything from the fundamental water-in-oil emulsion and butterfat globule structure to advanced textural property modification. In response to consumer dietary shifts, the market is seeing development in areas like lactose-free butter formulation and cultured cream fermentation, with sector expansion projected at 4% in the coming year. Concurrently, alternative fat sources, especially plant-based butter alternatives, intensify retail shelf space competition against private-label butter offerings. This environment compels manufacturers to use premiumization strategies and product differentiation through offerings like compound butter recipes for food service applications, while exploring new direct-to-consumer models.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Butter Market insights. See full methodology.
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Market Scope
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Report Coverage
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Details
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Page number
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288
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Base year
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2024
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Historic period
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2019 - 2023 |
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Forecast period
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2025-2029
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Growth momentum & CAGR
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Accelerating at a CAGR of 4.4%
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Market growth 2024-2029
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USD 10.9 billion
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Market structure
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Fragmented
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YoY growth 2024-2029(%)
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4.3%
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Key countries
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US, Canada, Mexico, Brazil, Argentina, Colombia, Germany, UK, France, Italy, Spain, The Netherlands, India, China, Japan, South Korea, Australia, Indonesia, Saudi Arabia, UAE, South Africa, Israel, Turkey
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Competitive landscape
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Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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What are the Key Data Covered in this Butter Market Research and Growth Report?
- CAGR of the Butter industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across North America, South America, Europe, APAC, Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the butter market growth of industry companies
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1 Executive Summary
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Source
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Chart on Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Chart on Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Chart on Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3 Market Landscape
- 3.1 Market ecosystem
- Chart on Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Chart on Market characteristics analysis
- 3.3 Value chain analysis
- Chart on Value chain analysis
4 Market Sizing
- 4 Market Sizing
- 4.1 Market definition
- Data Table on Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5 Historic Market Size
- 5.1 Global Butter Market 2019 - 2023
- Historic Market Size - Data Table on Global Butter Market 2019 - 2023 ($ billion)
- 5.2 Distribution Channel segment analysis 2019 - 2023
- Historic Market Size - Distribution Channel Segment 2019 - 2023 ($ billion)
- 5.3 Product segment analysis 2019 - 2023
- Historic Market Size - Product Segment 2019 - 2023 ($ billion)
- 5.4 Source segment analysis 2019 - 2023
- Historic Market Size - Source Segment 2019 - 2023 ($ billion)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6 Qualitative Analysis
- 6.1 The Impact of AI on Global Butter Market
7 Five Forces Analysis
- 7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Distribution Channel
- 8 Market Segmentation by Distribution Channel
- 8.1 Market segments
- Chart on Distribution Channel - Market share 2024-2029 (%)
- Data Table on Distribution Channel - Market share 2024-2029 (%)
- 8.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
- 8.3 Offline - Market size and forecast 2024-2029
- Chart on Offline - Market size and forecast 2024-2029 ($ billion)
- Data Table on Offline - Market size and forecast 2024-2029 ($ billion)
- Chart on Offline - Year-over-year growth 2024-2029 (%)
- Data Table on Offline - Year-over-year growth 2024-2029 (%)
- 8.4 Online - Market size and forecast 2024-2029
- Chart on Online - Market size and forecast 2024-2029 ($ billion)
- Data Table on Online - Market size and forecast 2024-2029 ($ billion)
- Chart on Online - Year-over-year growth 2024-2029 (%)
- Data Table on Online - Year-over-year growth 2024-2029 (%)
- 8.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ billion)
- Data Table on Market opportunity by Distribution Channel ($ billion)
9 Market Segmentation by Product
- 9 Market Segmentation by Product
- 9.1 Market segments
- Chart on Product - Market share 2024-2029 (%)
- Data Table on Product - Market share 2024-2029 (%)
- 9.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 9.3 Cultured butter - Market size and forecast 2024-2029
- Chart on Cultured butter - Market size and forecast 2024-2029 ($ billion)
- Data Table on Cultured butter - Market size and forecast 2024-2029 ($ billion)
- Chart on Cultured butter - Year-over-year growth 2024-2029 (%)
- Data Table on Cultured butter - Year-over-year growth 2024-2029 (%)
- 9.4 Uncultured butter - Market size and forecast 2024-2029
- Chart on Uncultured butter - Market size and forecast 2024-2029 ($ billion)
- Data Table on Uncultured butter - Market size and forecast 2024-2029 ($ billion)
- Chart on Uncultured butter - Year-over-year growth 2024-2029 (%)
- Data Table on Uncultured butter - Year-over-year growth 2024-2029 (%)
- 9.5 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 9.6 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)
10 Market Segmentation by Source
- 10 Market Segmentation by Source
- 10.1 Market segments
- Chart on Source - Market share 2024-2029 (%)
- Data Table on Source - Market share 2024-2029 (%)
- 10.2 Comparison by Source
- Chart on Comparison by Source
- Data Table on Comparison by Source
- 10.3 Animal-based - Market size and forecast 2024-2029
- Chart on Animal-based - Market size and forecast 2024-2029 ($ billion)
- Data Table on Animal-based - Market size and forecast 2024-2029 ($ billion)
- Chart on Animal-based - Year-over-year growth 2024-2029 (%)
- Data Table on Animal-based - Year-over-year growth 2024-2029 (%)
- 10.4 Plant-based - Market size and forecast 2024-2029
- Chart on Plant-based - Market size and forecast 2024-2029 ($ billion)
- Data Table on Plant-based - Market size and forecast 2024-2029 ($ billion)
- Chart on Plant-based - Year-over-year growth 2024-2029 (%)
- Data Table on Plant-based - Year-over-year growth 2024-2029 (%)
- 10.5 Grass-fed - Market size and forecast 2024-2029
- Chart on Grass-fed - Market size and forecast 2024-2029 ($ billion)
- Data Table on Grass-fed - Market size and forecast 2024-2029 ($ billion)
- Chart on Grass-fed - Year-over-year growth 2024-2029 (%)
- Data Table on Grass-fed - Year-over-year growth 2024-2029 (%)
- 10.6 Market opportunity by Source
- Market opportunity by Source ($ billion)
- Data Table on Market opportunity by Source ($ billion)
11 Customer Landscape
- 11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - North America
- Data Table on Regional Comparison - North America
- 12.3.1 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.3.2 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.3.3 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ billion)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
- 12.4 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - South America
- Data Table on Regional Comparison - South America
- 12.4.1 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 12.4.2 Argentina - Market size and forecast 2024-2029
- Chart on Argentina - Market size and forecast 2024-2029 ($ billion)
- Data Table on Argentina - Market size and forecast 2024-2029 ($ billion)
- Chart on Argentina - Year-over-year growth 2024-2029 (%)
- Data Table on Argentina - Year-over-year growth 2024-2029 (%)
- 12.4.3 Colombia - Market size and forecast 2024-2029
- Chart on Colombia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Colombia - Market size and forecast 2024-2029 ($ billion)
- Chart on Colombia - Year-over-year growth 2024-2029 (%)
- Data Table on Colombia - Year-over-year growth 2024-2029 (%)
- 12.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Europe
- Data Table on Regional Comparison - Europe
- 12.5.1 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.5.2 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.5.3 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.5.4 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 12.5.5 Spain - Market size and forecast 2024-2029
- Chart on Spain - Market size and forecast 2024-2029 ($ billion)
- Data Table on Spain - Market size and forecast 2024-2029 ($ billion)
- Chart on Spain - Year-over-year growth 2024-2029 (%)
- Data Table on Spain - Year-over-year growth 2024-2029 (%)
- 12.5.6 The Netherlands - Market size and forecast 2024-2029
- Chart on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Data Table on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
- Data Table on The Netherlands - Year-over-year growth 2024-2029 (%)
- 12.6 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - APAC
- Data Table on Regional Comparison - APAC
- 12.6.1 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.6.2 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.6.3 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.6.4 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.6.5 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
- 12.6.6 Indonesia - Market size and forecast 2024-2029
- Chart on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Chart on Indonesia - Year-over-year growth 2024-2029 (%)
- Data Table on Indonesia - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Middle East and Africa
- Data Table on Regional Comparison - Middle East and Africa
- 12.7.1 Saudi Arabia - Market size and forecast 2024-2029
- Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- 12.7.2 UAE - Market size and forecast 2024-2029
- Chart on UAE - Market size and forecast 2024-2029 ($ billion)
- Data Table on UAE - Market size and forecast 2024-2029 ($ billion)
- Chart on UAE - Year-over-year growth 2024-2029 (%)
- Data Table on UAE - Year-over-year growth 2024-2029 (%)
- 12.7.3 South Africa - Market size and forecast 2024-2029
- Chart on South Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on South Africa - Year-over-year growth 2024-2029 (%)
- Data Table on South Africa - Year-over-year growth 2024-2029 (%)
- 12.7.4 Israel - Market size and forecast 2024-2029
- Chart on Israel - Market size and forecast 2024-2029 ($ billion)
- Data Table on Israel - Market size and forecast 2024-2029 ($ billion)
- Chart on Israel - Year-over-year growth 2024-2029 (%)
- Data Table on Israel - Year-over-year growth 2024-2029 (%)
- 12.7.5 Turkey - Market size and forecast 2024-2029
- Chart on Turkey - Market size and forecast 2024-2029 ($ billion)
- Data Table on Turkey - Market size and forecast 2024-2029 ($ billion)
- Chart on Turkey - Year-over-year growth 2024-2029 (%)
- Data Table on Turkey - Year-over-year growth 2024-2029 (%)
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
13 Drivers, Challenges, and Opportunity
- 13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Rising consumer preference for natural fats
- Growth in premium and artisanal dairy consumption
- Increasing prominence of private-label brands
- 13.2 Market challenges
- Volatility in raw milk production and input costs
- Increasing competition from alternative spreads
- Stringent regulations on butter quality and packaging
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Growing emphasis on sustainability and traceability as core market imperatives
- Expanding organized retail landscape
- Rising popularity of plant-based alternatives such as those made from nuts and seeds
14 Competitive Landscape
- 14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Arla Foods amba
- Arla Foods amba - Overview
- Arla Foods amba - Product / Service
- Arla Foods amba - Key offerings
- SWOT
- 15.5 Dairy Farmers of America Inc.
- Dairy Farmers of America Inc. - Overview
- Dairy Farmers of America Inc. - Product / Service
- Dairy Farmers of America Inc. - Key offerings
- SWOT
- 15.6 Fonterra Cooperative Group Ltd.
- Fonterra Cooperative Group Ltd. - Overview
- Fonterra Cooperative Group Ltd. - Business segments
- Fonterra Cooperative Group Ltd. - Key news
- Fonterra Cooperative Group Ltd. - Key offerings
- Fonterra Cooperative Group Ltd. - Segment focus
- SWOT
- 15.7 Good Cow Dairy Pvt. Ltd.
- Good Cow Dairy Pvt. Ltd. - Overview
- Good Cow Dairy Pvt. Ltd. - Product / Service
- Good Cow Dairy Pvt. Ltd. - Key offerings
- SWOT
- 15.8 Heritage Foods Ltd.
- Heritage Foods Ltd. - Overview
- Heritage Foods Ltd. - Business segments
- Heritage Foods Ltd. - Key offerings
- Heritage Foods Ltd. - Segment focus
- SWOT
- 15.9 Lactalis International
- Lactalis International - Overview
- Lactalis International - Product / Service
- Lactalis International - Key offerings
- SWOT
- 15.10 Land O Lakes Inc.
- Land O Lakes Inc. - Overview
- Land O Lakes Inc. - Product / Service
- Land O Lakes Inc. - Key offerings
- SWOT
- 15.11 Meadow Foods Ltd.
- Meadow Foods Ltd. - Overview
- Meadow Foods Ltd. - Product / Service
- Meadow Foods Ltd. - Key offerings
- SWOT
- 15.12 Minerva Dairy Inc
- Minerva Dairy Inc - Overview
- Minerva Dairy Inc - Product / Service
- Minerva Dairy Inc - Key offerings
- SWOT
- 15.13 Organic Valley
- Organic Valley - Overview
- Organic Valley - Product / Service
- Organic Valley - Key offerings
- SWOT
- 15.14 Ornua Co-operative Ltd.
- Ornua Co-operative Ltd. - Overview
- Ornua Co-operative Ltd. - Product / Service
- Ornua Co-operative Ltd. - Key offerings
- SWOT
- 15.15 Royal FrieslandCampina NV
- Royal FrieslandCampina NV - Overview
- Royal FrieslandCampina NV - Product / Service
- Royal FrieslandCampina NV - Key offerings
- SWOT
- 15.16 Savencia SA
- Savencia SA - Overview
- Savencia SA - Business segments
- Savencia SA - Key offerings
- Savencia SA - Segment focus
- SWOT
- 15.17 The Kraft Heinz Co.
- The Kraft Heinz Co. - Overview
- The Kraft Heinz Co. - Business segments
- The Kraft Heinz Co. - Key news
- The Kraft Heinz Co. - Key offerings
- The Kraft Heinz Co. - Segment focus
- SWOT
- 15.18 Unilever PLC
- Unilever PLC - Overview
- Unilever PLC - Business segments
- Unilever PLC - Key offerings
- Unilever PLC - Segment focus
- SWOT
16 Appendix
- 16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
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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