Latin America Butter Market Size & Outlook, 2020-2028

The butter market in Latin America is expected to reach a projected revenue of US$ 3,041.1 million by 2028. A compound annual growth rate of 1.6% is expected of Latin America butter market from 2021 to 2028.
Revenue, 2020 (US$M)
$2,672.0
Forecast, 2028 (US$M)
$3,041.1
CAGR, 2021 - 2028
1.6%
Report Coverage
Latin America

Latin America butter market highlights

  • The Latin America butter market generated a revenue of USD 2,672.0 million in 2020.
  • The market is expected to grow at a CAGR of 1.6% from 2021 to 2028.
  • In terms of segment, cultured butter was the largest revenue generating product in 2020.
  • Uncultured Butter is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2028.


Latin America data book summary

Market revenue in 2020USD 2,672.0 million
Market revenue in 2028USD 3,041.1 million
Growth rate1.6% (CAGR from 2020 to 2028)
Largest segmentCultured butter
Fastest growing segmentUncultured Butter
Historical data covered2017 - 2019
Base year for estimation2020
Forecast period covered2021 - 2028
Quantitative unitsRevenue in USD million
Market segmentationCultured Butter, Uncultured Butter
Key market players worldwideThe Kraft Heinz Co, Fonterra Co-operative Group, Ornua, Organic Valley, Dairy Farmers of America, AMUL, Fairfax Financial Holdings Ltd Shs Subord.Vtg, Arla Foods, Iceland Dairies, Mueller Industries Inc


Other key industry trends

  • In terms of revenue, Latin America region accounted for 5.3% of the global butter market in 2020.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
  • Europe is the fastest growing regional market and is projected to reach USD 18,550.2 million by 2028.

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Butter Market Companies

Name Profile # Employees HQ Website

Latin America 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 59.45% in 2020. Horizon Databook has segmented the Latin America butter market based on cultured butter, uncultured butter covering the revenue growth of each sub-segment from 2017 to 2028.


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  • Our clientele includes a mix of butter market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America butter market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America butter market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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Latin America butter market size, by country, 2017-2028 (US$M)

Latin America Butter Market Outlook Share, 2020 & 2028 (US$M)

Latin America butter market size, by country, 2017-2028 (US$M)

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