South Africa Butter Market Size & Outlook, 2020-2028
South Africa butter market, 2017-2028 (US$M)
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South Africa butter market highlights
- The South Africa butter market generated a revenue of USD 806.6 million in 2020 and is expected to reach USD 963.6 million by 2028.
- The South Africa market is expected to grow at a CAGR of 2.2% 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.
Butter market data book summary
| Market revenue in 2020 | USD 806.6 million |
| Market revenue in 2028 | USD 963.6 million |
| Growth rate | 2.2% (CAGR from 2020 to 2028) |
| Largest segment | Cultured butter |
| Fastest growing segment | Uncultured Butter |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cultured Butter, Uncultured Butter |
| Key market players worldwide | The 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, South Africa accounted for 1.6% of the global butter market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Middle East & Africa, South Africa butter market is projected to lead the regional market in terms of revenue in 2028.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 963.6 million by 2028.
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Butter Market Scope
Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 59.31% in 2020. Horizon Databook has segmented the South Africa butter market based on cultured butter, uncultured butter covering the revenue growth of each sub-segment from 2017 to 2028.
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Target buyers of South Africa 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 country-level data and insights on the South Africa butter market , including forecasts for subscribers. This country databook contains high-level insights into South Africa butter market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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South Africa butter market size, by product, 2017-2028 (US$M)
South Africa Butter Market Outlook Share, 2020 & 2028 (US$M)
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