Butter is a dairy product that manufacturers make by churning cream or milk to separate the solid components from the liquid. People commonly use butter in cooking, baking, and as a spread.
Margarine is a substitute for butter. Manufacturers make margarine from plant-based oils, such as canola oil, palm fruit oil, and soybean oil.
Although butter and margarine have different components, both can contain large amounts of different fats.
Market Analysis and Insights: Global Butter and Margarine Market
Due to the COVID-19 pandemic, the global Butter and Margarine market size is estimated to be worth US$ 67450 million in 2022 and is forecast to a readjusted size of US$ 81490 million by 2028 with a CAGR of 3.2% during the review period. Fully considering the economic change by this health crisis, Butter accounting for % of the Butter and Margarine global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Food Industry segment is altered to an % CAGR throughout this forecast period.
The major players in global Butter and Margarine market include Upfield, Arla Foods, Land O‘lakes, etc. The top 3 players occupy about 10% shares of the global market. Asia Pacific and Europe are main markets, they occupy about 70% of the global market. Butter is the main type, with a share about 85%. Food Industry is the main application, which holds a share about 60%.
Global Butter and Margarine Scope and Segment
Butter and Margarine market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Butter and Margarine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Butter
Margarine
Segment by Application
Food Industry
Household
By Company
Upfield
Bunge
NMGK Group
ConAgra
Wilmar-International
Fuji Oil
BRF
Yildiz Holding
Grupo Lala
NamChow
Cargill
COFCO
Uni-President
Mengniu Group
Yili Group
Land O‘lakes
Arla Foods
Lactails
Fonterra
Amul
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE