Market Size –
The butter blocks market size has grown steadily in recent years. It will grow from $31.23 billion in 2023 to $32.73 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to increasing consumer awareness of natural products, increasing disposable incomes, a rise in dairy production, a rise in global trade, and growth in consumer spending on food.
The butter blocks market size is expected to see strong growth in the next few years. It will grow to $39.99 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to growing awareness regarding the health benefits, rising demand for organic products, increasing consumer demand for high-quality dairy products, growing demand for versatile food products, and growing popularity of home baking. Major trends in the forecast period include technological advancements, natural and organic options, sustainable packaging innovations, flavor and ingredient diversification, and artisanal dairy products.
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Scope Of Butter Blocks Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Butter Blocks Market Overview
Market Drivers –
The increasing demand for bakery products is expected to propel the growth of the butter blocks market going forward. Bakery products refer to a diverse range of food items produced and sold by bakeries. The demand for bakery products is due to enhancing the customer experience, growing demand for healthier options, and diversifying product portfolios. Bakery products use butter blocks to create laminated doughs for croissants and puff pastries, enrich doughs for brioche and cookies, and enhance the flavor and texture of pie crusts, tarts, and savory pastries. For instance, in February 2024, according to the Agriculture and Horticulture Development Board, a UK-based government organization, in 2023, baking activities increased by 1%, reaching 13 million occasions compared to the previous year. This growth was driven by a significant rise in sweet home baking, which saw an increase of 29 million occasions. Therefore, the increasing demand for bakery products drives the butter blocks market.
Market Trends –
Major companies operating in the butter blocks market are focused on developing innovative products, such as sweet cream butter products, to enhance their position in the market. Sweet cream butter products are made from fresh cream without fermentation, offering a mild, smooth, and versatile buttery flavor ideal for cooking, baking, and spreading. For instance, in June 2022, Land O’Lakes Inc., a US-based dairy industry, launched butter balls for cooking. These butter balls are crafted to enhance the cooking experience by offering convenient portioning and ease of use. Each ball is precisely measured for consistent cooking results, ensuring every dish benefits from the rich flavor and creamy texture Land O’ Lakes is renowned for. This innovative product simplifies the cooking process while maintaining the high quality and taste consumers expect from Land O’ Lakes butter.
The butter blocks market covered in this report is segmented –
1) By Type: Salted, Unsalted, Other Types
2) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online Stores, Departmental Stores
3) By Application: Baking, Cooking, Spreading, Flavoring
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Regional Insights –
Asia-Pacific was the largest region in the butter blocks market in 2023. The regions covered in the butter blocks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the butter blocks market are Danone S.A., Lactalis Group, Fonterra Co-operative Group Limited, Royal FrieslandCampina, Saputo Inc., Arla Foods amba, Kerry Group, Agropur Cooperative, Dairy Farmers of America, Land O’Lakes Inc., Glanbia PLC, Schreiber Foods Inc., Emmi AG, Megmilk Snow Brand Co. Ltd., DMK Group, Ornua Co-operative Ltd., Associated Milk Producers Inc., California Dairies Inc., Grassland Dairy Products Inc., Anand Milk Union Limited, Eurial, Dairy Crest
Table of Contents
1. Executive Summary
2. Butter Blocks Market Report Structure
3. Butter Blocks Market Trends And Strategies
4. Butter Blocks Market – Macro Economic Scenario
5. Butter Blocks Market Size And Growth
…..
27. Butter Blocks Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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