The Milk And Butter Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s Milk And Butter Global Market Report 2024, the magnitude of the milk and butter market has exhibited robust expansion in recent years. Projected figures indicate a noteworthy surge, ascending from $321.08 billion in 2023 to a projected $339.65 billion in 2024, reflecting a substantial compound annual growth rate (CAGR) of 5.8%. This surge in the historical period finds its roots in the realms of dairy farming, foundational nutritional staples, the burgeoning dairy industry, the conventional culinary application of these products, and the dynamics of global trade.
Anticipated trends forecast a robust trajectory for the milk and butter market size in the upcoming years, projecting an increase to $416.08 billion by 2028, sustained by a commendable CAGR of 5.2%. This prospective growth is intricately linked to an array of factors such as the proliferation of diverse dairy alternatives, the ascendancy of health and wellness trends, the integration of sustainability and ethical practices, the transformative influence of digital marketing and e-commerce, and the unprecedented expansion of the global market landscape. A closer examination of major trends in the forecast period reveals the ascendancy of plant-based milk and butter, the burgeoning market for lactose-free and dairy-free options, the prominence of butter blends and spreads, the advent of functional and fortified dairy products, and a paradigm shift towards sustainable packaging solutions.
The increasing demand for local, sustainable, and organic food production is expected to positively impact the milk and butter manufacturing market during the forecast period. Organic food production, including organic dairy products, places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers are now becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognise recognize as healthy. For instance, in June 2022, the Organic Trade Association, a US-based trade association representing organic businesses, the sales of organic dairy products and eggs increased by 11% as compared to the previous years. This growing demand for organic products offers considerable opportunities for dairy product producers in both developed and developing countries, which is likely to drive the market during the forecast period.
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The milk and butter market covered in this report is segmented –
1) By Type: Milk-Dairy; Butter
2) By Application: Food; Beverages; Intermediate Products; Condiments; Other Applications
3) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Other Distribution Channels
Top 5 Major Players:
- Danone S.A
- Inner Mongolia Yili Industrial Group Co. Ltd
- Fonterra Group Cooperative Limited
- Groupe Lactalis S.A
- Saputo Inc
Subsegments Covered: Butter Milk; Powdered Milk; Liquid Milk; Concentrated Milk
The milk and butter market report table of contents includes:
1. Executive Summary
2. Milk And Butter Market Characteristics
3. Milk And Butter Product/Service Analysis -Product/Service Examples
4. Milk And Butter Market Trends And Strategies
5. Milk And Butter Market – Macro Economic Scenario
……
68. Global Milk And Butter Market Competitive Benchmarking
69. Global Milk And Butter Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Milk And Butter Market
71. Milk And Butter Market Future Outlook and Potential Analysis
72. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Milk And Butter Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Milk And Butter Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Milk And Butter Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 144: Danone S.A. Financial Performance
Table 145: Inner Mongolia Yili Industrial Group Co. Ltd. Financial Performance
Table 146: Fonterra Group Cooperative Limited Financial Performance
Table 147: Groupe Lactalis S.A. Financial Performance
Table 148: Saputo Inc Financial Performance
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