Overview and Scope
Butter blocks are large, rectangular slabs of butter typically used in professional baking and cooking. They are commonly found in commercial kitchens, bakeries, and restaurants due to their convenient size and shape, which make them ideal for bulk use.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The butter blocks market report table of contents includes:
1. Executive Summary
- Butter Blocks Market Characteristics
- Butter Blocks Market Trends And Strategies
- Butter Blocks Market – Macro Economic Scenario
- Global Butter Blocks Market Size and Growth
.
- Global Butter Blocks Market Competitive Benchmarking
- Global Butter Blocks Market Competitive Dashboard
- Key Mergers And Acquisitions In The Butter Blocks Market
- Butter Blocks Market Future Outlook and Potential Analysis
- Appendix
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