Global Butter Market Size & Outlook, 2020-2028
Global butter market, 2017-2028 (US$M)
Related Markets
Global butter market highlights
- The global butter market generated a revenue of USD 50,761.6 million in 2020 and is expected to reach USD 61,937.1 million by 2028.
- The market is expected to grow at a CAGR (2021 - 2028) of 2.5% by 2028.
- In terms of segment, cultured butter accounted for a revenue of USD 30,155.0 million in 2020.
- Uncultured Butter is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2020.
- Country-wise, U.S. is expected to register the highest CAGR from 2021 to 2028.
Global data book summary
| Market revenue in 2020 | USD 50,761.6 million |
| Market revenue in 2028 | USD 61,937.1 million |
| Growth rate | 2.5% (CAGR from 2020 to 2028) |
| Largest segment | Cultured butter |
| Fastest growing segment | Uncultured Butter |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cultured Butter, Uncultured Butter |
Other key industry trends
- In terms of revenue, the North America accounted for 13.4% of the global butter market in 2020.
- By country, the China is projected to lead the global market in terms of revenue in 2028.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 6,386.8 million by 2028.
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Butter Market Scope
Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global butter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to butter market will help companies and investors design strategic landscapes.
Cultured butter was the largest segment with a revenue share of 59.41% in 2020. Horizon Databook has segmented the Global butter market based on cultured butter, uncultured butter covering the revenue growth of each sub-segment from 2017 to 2028.
- Global Butter Product Outlook (Revenue, USD Million, 2017-2028)
- Cultured Butter
- Uncultured Butter
- Others
- Global Butter Distribution Channel Outlook (Revenue, USD Million, 2017-2028)
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Target buyers of Global butter market databook
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Our clientele includes a mix of butter market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global butter market , including forecasts for subscribers. This global databook contains high-level insights into Global butter market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Global butter market size, by regions, 2017-2028 (US$M)
Top 10 countries: Butter market size, 2020 (US$M)
Global butter market share, by product, 2020 & 2028 (%, US$M)
Butter market: Opportunity assessment by country
Global butter market, by region, 2020 (US$M)
| Product | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 6,460.9 | 6,577.5 | 6,702.3 | 6,792.6 | 6,894.2 | 7,013.3 | 7,151.8 | 7,309.6 | 7,489.8 | 7,693.1 | 7,920.4 | 8,175.7 | 2.3% |
| Europe | 14,021.8 | 14,332.6 | 14,663.8 | 14,921.5 | 15,206.2 | 15,531.4 | 15,902.4 | 16,319.0 | 16,789.0 | 17,314.6 | 17,898.3 | 18,550.2 | 2.8% |
| Asia Pacific | 20,914.9 | 21,345.6 | 21,805.1 | 22,154.0 | 22,541.8 | 22,988.2 | 23,501.0 | 24,079.4 | 24,734.6 | 25,469.6 | 26,287.5 | 27,202.8 | 2.6% |
| Latin America | 2,589.1 | 2,620.0 | 2,653.2 | 2,672.0 | 2,694.5 | 2,723.0 | 2,758.1 | 2,799.5 | 2,848.3 | 2,904.6 | 2,968.4 | 3,041.1 | 1.6% |
| MEA | 4,049.4 | 4,110.9 | 4,177.1 | 4,221.4 | 4,272.5 | 4,334.0 | 4,407.1 | 4,491.6 | 4,589.4 | 4,700.6 | 4,825.8 | 4,967.4 | 2.1% |
| Overall | 48,036.2 | 48,986.5 | 50,001.5 | 50,761.6 | 51,609.3 | 52,589.8 | 53,720.5 | 54,999.1 | 56,451.1 | 58,082.5 | 59,900.5 | 61,937.1 | 2.5% |
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