Butter Market Research Report by Product Type (Standard Butter, Clarified Butter, Whipped Butter, Others), by Category (Salted, Unsalted), by Form (Spreads, Liquid/Oil, Blocks, Others), by End-Use (Food Processing, Food Service, Food Retails), and by Region (North America, Europe, Asia-Pacific, Rest of the World) Forecast till 2034
Market Overview
The global butter market is projected to reach USD 100,016.24 million by 2034, growing at a CAGR of 5.54% from 2025 to 2034. Butter is a dairy product made by churning cream or milk until the fat separates from the liquid. It is widely used in cooking, baking, and as a spread, valued for its rich flavor and creamy texture.
The global butter market is primarily driven by its increasing application in food processing, where it enhances flavor, texture, and shelf life across baked goods, confectionery, and ready-to-eat meals. Rising consumption of processed foods worldwide, supported by urbanization, higher disposable incomes, and evolving dietary patterns, fuels this demand. Besides the usage of retail and food service, the adoption of markets that are still new and where butter is used in the local cuisine is another factor that provides positive momentum for the growth of the butter market. The policies of governments in favor of sustainability in dairy production reinforce the whole supply chain ecosystem.
Key Company Development
In March 2024, the Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) signed off on a partnership with the Michigan Milk Producers Association (MMPA) to bring Amul-branded fluid milk in the United States. This move represents Amul’s debut in the U.S. milk market and serves as a gateway to expanding its butter and dairy product portfolio internationally, reinforcing its vision of becoming a globally recognized dairy brand.
Major Players
Key players in the global butter market are Gujarat Cooperative Milk, Marketing Federation Ltd, Arla Foods, LAND O'LAKES, INC., LACTALIS GROUP, Ornua Co-operative Limited (Ornua), Delta Nutritives (Delta), Dairy Farmers of America, Inc. (DFA), Fonterra Co-operative Group (Fonterra), Organic Valley, and Savencia Fromage & Dairy.
Report Attribute Details
• Market Size 2023: USD 55,678.23 Million
• Market Size 2034: USD 1,00,016.24 Million
• CAGR (2025-2034): 5.54%
• Base Year: 2024
• Market Forecast Period: 2025-2034
Market Segmentations
• By Product Type: Standard Butter - 5.69%, Clarified Butter - 5.91%.
• By Category: Salted - 6.03%, Unsalted - 4.85%.
• By Form: Spreads - 6.32%, Liquid/Oil - 5.36%.
• By End-Use: Food Processing - 6.63%, Food Service - 4.42%.
Regional Insights
North America is the leader of the butter market, consuming the largest quantities of the product in the United States and Canada. The HoReCa sector, especially the part of the industry that is bakeries and restaurants, keeps taking in huge volumes. The North American butter market is valued at USD 8,448.65 million in the U.S. and USD 1,317.70 million in Canada, highlighting strong regional demand.
Europe still holds a mature market but accounts for a significant share, with Germany, France, and the UK being the most influential countries. In addition, the EU regulations are going to be stricter, therefore ensuring product standards and at the same time supporting exports. Europe shows a significant market size with Germany at USD 3,454.17 million, France at USD 2,095.33 million, and the UK at USD 2,511.29 million.
Asia-Pacific tops the list of regions with the most rapid growth over the last year, with China, India, and Japan being the major contributors. Higher-quality and natural products are becoming more popular among middle-class consumers. Asia-Pacific leads with high consumption, driven by China at USD 8,809.96 million, India at USD 4,827.73 million, and Japan at USD 3,072.39 million.
The rest of the World presents new opportunities, especially in the Middle East, South America, and Africa. Tourism and a thriving foodservice sector drive demand in the Middle East, while Brazil and Argentina lead South America with growing bakery trends. Africa is in its early stages but holds long-term promise as dairy awareness expands.
圖表清單 List of Tables & Figures
LIST OF TABLES
TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 41
TABLE 2 GLOBAL BUTTER MARKET, BY PRODUCT TYPE, 2020-2034 (USD MILLION) 68
TABLE 3 GLOBAL BUTTER MARKET, BY CATEGORY, 2020-2034 (USD MILLION) 71
TABLE 4 GLOBAL BUTTER MARKET, BY FORM, 2020-2034 (USD MILLION) 73
TABLE 5 GLOBAL BUTTER MARKET, BY END-USE, 2020-2034 (USD MILLION) 76
TABLE 6 GLOBAL BUTTER MARKET, BY REGION, 2020-2034(USD MILLION) 79
TABLE 7 NORTH AMERICA BUTTER MARKET, BY COUNTRY, 2020-2034(USD MILLION) 81
TABLE 8 NORTH AMERICA BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 81
TABLE 9 NORTH AMERICA BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 82
TABLE 10 NORTH AMERICA BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 82
TABLE 11 NORTH AMERICA BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 82
TABLE 12 US BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 83
TABLE 13 US BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 83
TABLE 14 US BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 83
TABLE 15 US BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 84
TABLE 16 CANADA BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 84
TABLE 17 CANADA BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 84
TABLE 18 CANADA BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 85
TABLE 19 CANADA BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 85
TABLE 20 MEXICO BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 85
TABLE 21 MEXICO BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 86
TABLE 22 MEXICO BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 86
TABLE 23 MEXICO BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 86
TABLE 24 EUROPE BUTTER MARKET, BY COUNTRY, 2020-2034(USD MILLION) 88
TABLE 25 EUROPE BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 89
TABLE 26 EUROPE BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 89
TABLE 27 EUROPE BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 89
TABLE 28 EUROPE BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 90
TABLE 29 GERMANY BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 90
TABLE 30 GERMANY BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 90
TABLE 31 GERMANY BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 91
TABLE 32 GERMANY BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 91
TABLE 33 UK BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 91
TABLE 34 UK BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 92
TABLE 35 UK BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 92
TABLE 36 UK BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 92
TABLE 37 FRANCE BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 93
TABLE 38 FRANCE BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 93
TABLE 39 FRANCE BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 93
TABLE 40 FRANCE BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 94
TABLE 41 SPAIN BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 94
TABLE 42 SPAIN BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 94
TABLE 43 SPAIN BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 95
TABLE 44 SPAIN BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 95
TABLE 45 ITALY BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 95
TABLE 46 ITALY BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 96
TABLE 47 ITALY BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 96
TABLE 48 ITALY BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 96
TABLE 49 FINLAND BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 97
TABLE 50 FINLAND BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 97
TABLE 51 FINLAND BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 97
TABLE 52 FINLAND BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 98
TABLE 53 REST OF EUROPE BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 98
TABLE 54 REST OF EUROPE BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 98
TABLE 55 REST OF EUROPE BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 99
TABLE 56 REST OF EUROPE BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 99
TABLE 57 ASIA PACIFIC BUTTER MARKET, BY COUNTRY, 2020-2034(USD MILLION) 101
TABLE 58 ASIA PACIFIC BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 101
TABLE 59 ASIA PACIFIC BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 102
TABLE 60 ASIA PACIFIC BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 102
TABLE 61 ASIA PACIFIC BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 102
TABLE 62 CHINA BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 103
TABLE 63 CHINA BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 103
TABLE 64 CHINA BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 103
TABLE 65 CHINA BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 103
TABLE 66 JAPAN BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 104
TABLE 67 JAPAN BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 104
TABLE 68 JAPAN BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 104
TABLE 69 JAPAN BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 104
TABLE 70 INDIA BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 105
TABLE 71 INDIA BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 105
TABLE 72 INDIA BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 105
TABLE 73 INDIA BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 105
TABLE 74 AUSTRALIA & NEW ZEALAND BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 106
TABLE 75 AUSTRALIA & NEW ZEALAND BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 106
TABLE 76 AUSTRALIA & NEW ZEALAND BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 106
TABLE 77 AUSTRALIA & NEW ZEALAND BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 106
TABLE 78 SOUTH KOREA BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 107
TABLE 79 SOUTH KOREA BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 107
TABLE 80 SOUTH KOREA BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 107
TABLE 81 SOUTH KOREA BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 107
TABLE 82 REST OF ASIA PACIFIC BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 108
TABLE 83 REST OF ASIA PACIFIC BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 108
TABLE 84 REST OF ASIA PACIFIC BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 108
TABLE 85 REST OF ASIA PACIFIC BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 109
TABLE 86 REST OF THE WORLD BUTTER MARKET, BY COUNTRY, 2020-2034(USD MILLION) 111
TABLE 87 REST OF THE WORLD BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 111
TABLE 88 REST OF THE WORLD BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 112
TABLE 89 REST OF THE WORLD BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 112
TABLE 90 REST OF THE WORLD BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 112
TABLE 91 SOUTH AMERICA BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 113
TABLE 92 SOUTH AMERICA BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 113
TABLE 93 SOUTH AMERICA BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 113
TABLE 94 SOUTH AMERICA BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 113
TABLE 95 MIDDLE EAST BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 114
TABLE 96 MIDDLE EAST BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 114
TABLE 97 MIDDLE EAST BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 114
TABLE 98 MIDDLE EAST BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 114
TABLE 99 AFRICA BUTTER MARKET, BY PRODUCT TYPE, 2020-2034(USD MILLION) 115
TABLE 100 AFRICA BUTTER MARKET, BY CATEGORY, 2020-2034(USD MILLION) 115
TABLE 101 AFRICA BUTTER MARKET, BY FORM, 2020-2034(USD MILLION) 115
TABLE 102 AFRICA BUTTER MARKET, BY END USE, 2020-2034(USD MILLION) 115
TABLE 103 COMPARATIVE ANALYSIS 121
TABLE 104 GLOBAL BUTTER MARKET, KEY PLAYERS, BY REGION 122
TABLE 105 PRODUCT LAUNCHES 122
TABLE 106 MERGER & ACQUISITION 123
TABLE 107 EXPANSION 124
TABLE 108 PARTNERSHIP 124
TABLE 109 GUJARAT COOPERATIVE MILK MARKETING FEDERATION LTD: PRODUCTS OFFERED 127
TABLE 110 GUJARAT COOPERATIVE MILK MARKETING FEDERATION LTD: KEY DEVELOPMENTS 128
TABLE 111 ALRA FOODS: PRODUCTS OFFERED 131
TABLE 112 ALRA FOODS: KEY DEVELOPMENTS 132
TABLE 113 LAND O’LAKES, INC.: PRODUCTS OFFERED 136
TABLE 114 LAND O’LAKES, INC.: KEY DEVELOPMENTS 137
TABLE 115 LACTALIS GROUP: PRODUCTS OFFERED 141
TABLE 116 ORNUA CO-OPERATIVE LIMITED.: PRODUCTS OFFERED 144
TABLE 117 ORNUA CO-OPERATIVE LIMITED: KEY DEVELOPMENTS 145
TABLE 118 DELTA NUTRITIVES: PRODUCTS OFFERED 148
TABLE 119 DAIRY FARMERS OF AMERICA, INC.: PRODUCTS OFFERED 151
TABLE 120 DAIRY FARMERS OF AMERICA, INC.: KEY DEVELOPMENTS 151
TABLE 121 FONTERRA CO-OPERATIVE GROUP: PRODUCTS OFFERED 154
TABLE 122 FONTERRA CO-OPERATIVE GROUP: KEY DEVELOPMENTS 155
TABLE 123 ORGANIC VALLEY: PRODUCTS OFFERED 157
TABLE 124 SAVENCIA FROMAGE & DAIRY: PRODUCTS OFFERED 159
TABLE 125 SAVENCIA FROMAGE & DAIRY: KEY DEVELOPMENTS 160
TABLE 126 ROYAL FRIESLANDCAMPINA N.V.: PRODUCTS OFFERED 162
LIST OF FIGURES
FIGURE 1 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL BUTTER MARKET 20
FIGURE 2 GLOBAL BUTTER MARKET ANALYSIS, BY PRODUCT TYPE 21
FIGURE 3 GLOBAL BUTTER MARKET ANALYSIS, BY CATEGORY 22
FIGURE 4 GLOBAL BUTTER MARKET ANALYSIS, BY FORM 23
FIGURE 5 GLOBAL BUTTER MARKET ANALYSIS, BY END-USE 24
FIGURE 6 GLOBAL BUTTER MARKET ANALYSIS, BY REGION/COUNTRY 25
FIGURE 7 GLOBAL BUTTER MARKET: STRUCTURE 27
FIGURE 8 GLOBAL BUTTER MARKET: MARKET GROWTH FACTOR ANALYSIS (2024-2034) 45
FIGURE 9 DRIVERS IMPACT ANALYSIS: GLOBAL BUTTER MARKET 48
FIGURE 10 RESTRAINTS IMPACT ANALYSIS: GLOBAL BUTTER MARKET 51
FIGURE 11 OPPORTUNITY IMPACT ANALYSIS: GLOBAL BUTTER MARKET 53
FIGURE 12 GLOBAL BUTTER MARKET: VALUE CHAIN ANALYSIS 54
FIGURE 13 GLOBAL BUTTER MARKET: SUPPLY CHAIN ANALYSIS 56
FIGURE 15 GLOBAL BUTTER MARKET, BY PRODUCT TYPE, SEGMENT ATTRACTIVENESS ANALYSIS 67
FIGURE 16 GLOBAL BUTTER MARKET, BY PRODUCT TYPE, 2024 (% SHARE) 68
FIGURE 17 GLOBAL BUTTER MARKET, BY CATEGORY, SEGMENT ATTRACTIVENESS ANALYSIS 71
FIGURE 18 GLOBAL BUTTER MARKET, BY CATEGORY, 2024 (% SHARE) 72
FIGURE 19 GLOBAL BUTTER MARKET, BY FORM, SEGMENT ATTRACTIVENESS ANALYSIS 73
FIGURE 20 GLOBAL BUTTER MARKET, BY FORM, 2024 (% SHARE) 74
FIGURE 21 GLOBAL BUTTER MARKET, BY END-USE, SEGMENT ATTRACTIVENESS ANALYSIS 76
FIGURE 22 GLOBAL BUTTER MARKET, BY END-USE, 2024 (% SHARE) 77
FIGURE 23 GLOBAL BUTTER MARKET, BY REGION, 2024 (% SHARE) 79
FIGURE 24 NORTH AMERICA MARKET: COMPARATIVE ANALYSIS 80
FIGURE 25 NORTH AMERICA BUTTER MARKET, BY COUNTRY, 2024 (% SHARE) 81
FIGURE 26 EUROPE MARKET: COMPARATIVE ANALYSIS 87
FIGURE 27 EUROPE BUTTER MARKET, BY COUNTRY, 2024 (% SHARE) 88
FIGURE 28 ASIA PACIFIC MARKET: COMPARATIVE ANALYSIS 100
FIGURE 29 ASIA PACIFIC BUTTER MARKET, BY COUNTRY, 2024 (% SHARE) 101
FIGURE 30 REST OF THE WORLD MARKET: COMPARATIVE ANALYSIS 110
FIGURE 31 REST OF THE WORLD BUTTER MARKET, BY COUNTRY, 2024 (% SHARE) 111
FIGURE 32 COMPETITOR DASHBOARD: GLOBAL BUTTER MARKET 118
FIGURE 33 GLOBAL BUTTER MARKET: MARKET TIER ANALYSIS, 2024 119
FIGURE 34 COMPANY MARKET SHARE ANALYSIS, 2024 120
FIGURE 35 GUJARAT COOPERATIVE MILK MARKETING FEDERATION LTD: SWOT ANALYSIS 128
FIGURE 36 ALRA FOODS: SWOT ANALYSIS 133
FIGURE 37 LAND O’LAKES, INC.: SWOT ANALYSIS 138
FIGURE 38 ORNUA CO-OPERATIVE LIMITED: FINANCIAL OVERVIEW SNAPSHOT (ANNUAL TURNOVER) 144
FIGURE 39 ORNUA CO-OPERATIVE LIMITED: SWOT ANALYSIS 145
FIGURE 40 DAIRY FARMERS OF AMERICA, INC. LIMITED: FINANCIAL OVERVIEW SNAPSHOT 150
FIGURE 41 FONTERRA CO-OPERATIVE GROUP: FINANCIAL OVERVIEW SNAPSHOT 154
FIGURE 42 SAVENCIA FROMAGE & DAIRY.: FINANCIAL OVERVIEW SNAPSHOT 159
FIGURE 43 ROYAL FRIESLANDCAMPINA N.V.: FINANCIAL OVERVIEW SNAPSHOT 162
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