Butter Market Outlook

The butter market size is projected to be valued at US$ 46.8 billion in 2023, and is expected to rise to US$ 67.6 billion by 2033. The sales of butter are expected to register a CAGR of 3.8% during the forecast period. Various factors propelling the demand for butter are:

The demand for butter has increased, as it is one of the staple commodities utilized across many food products prepared in households around the world.

The global demand for dairy products has shifted away from vegetable oil-based substitutes toward dairy fats. This trend can be attributed to changes in taste preferences, as well as a better understanding of the benefits of dairy fat.

Food consumption is currently increasing as a result of the growing population. This is one of the main factors contributing to a positive market outlook, along with the expanding food and beverage (F&B) business and growing reliance on ready-to-eat (RTE) food goods.

The demand is also being fueled by the widespread use of butter in the preparation of multiple recipes, including baked goods and as a condiment on cooked foods. Butter sales are also rising as a result of the global expansion of cafés, cloud kitchens, and quick service restaurants (QSRs).

The market is distinguished by a sizable number of brands that serve the B2C market by providing high-quality goods at flexible pricing ranges. The modernization of dairy farming and the rise in dairy product production allow for a large growth in butter production across several regions.

Manufacturers are spending more on aggressive marketing strategies, such as influencer marketing on social media platforms and television (TV). In addition, the easy availability of the product across offline and online distribution channels is assisting in the market's expansion.

The threat posed by counterfeit products is expected to be a significant obstacle for the butter market. These fake goods are subpar or could endanger customers' safety and the brand's reputation.

Additionally, the growing trend of eating out and consuming ready meals may drive business growth in the next few years.

Attribute Details
Market Estimated Size (2023) US$ 46.8 billion
Market CAGR (2023 to 2033) 3.8%
Market Forecasted Size (2033) US$ 67.6 billion

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2017 to 2022 Butter Market Outlook in Comparison to 2023 to 2033 Growth Forecast

Market to witness an absolute dollar growth of US$15.8 billion between comparison periods. As per Future Market Insights (FMI), consumption of premium products, such as organic butter and lactose-free butter, which is free from the dairy product, may boost the market. Furthermore, rising awareness regarding the benefits offered by healthy products despite high prices may improve sales.

Organic products are highly in demand due to increasing health consciousness among consumers despite high prices and lack of easy availability. Health-conscious consumers are opting for private-label goods which are high-quality, healthy, and sustainable.

These preferences are expected to create new opportunities for organic product manufacturers. On the back of this, the demand for organic butter is increasing. The increasing need for high-quality, tasty, and convenient food is fueling the sales of butter over the coming years.

Hence, end users such as catering, quick service restaurants, and artisanal bakeries have become a constant source of revenue generation for butter manufacturers. The butter market is projected to remain steady, exhibiting growth at 3.8% CAGR between 2023 and 2033 and witnessing an absolute dollar growth of US$ 20.8 billion between the comparison period.

Comparative View of Butter Market  

Butter Market:

Attributes Butter Market
CAGR (2023 to 2033) 3.8%
Market Value (2026) US$ 19.40 billion
Growth Factor The market is being driven by consumers shifting their focus away from functional ingredients and towards healthier products.
Opportunity As a result of butter's growing appeal among customers, key manufacturers are introducing various products with butter as an ingredient.
Key Trends Sales are being fueled by a growing demand for all-natural foods free of stabilizers and additives.

Butter and Margarine Market:

Attributes Butter and Margarine Market
CAGR (2023 to 2033) 6.6%
Market Value (2026) US$ 6.13 billion
Growth Factor As a staple commodity in an average household, butter and margarine are always in demand.
Opportunity The increase in consumer buying power may assist the supply of butter and margarine rise on the international market.
Key Trends Other factors anticipated to drive demand for the margarine and butter market include the expansion and presence of international companies active in the food processing industry, an increase in the prevalence of chronic infections, and growing healthcare costs.

Butter Flavour Market:

Attributes Butter Flavour Market
CAGR (2023 to 2033) 7.1%
Market Value (2026) US$ 365.21 million
Growth Factor The main factor propelling the butter flavor industry is the rising demand for ingredients that add value to the finished product in the food and beverage sector.
Opportunity The market for butter flavors has grown as a result of manufacturers enhancing the flavor and quality of their products in response to fierce competition in the food and beverage industry.
Key Trends The market for butter flavor has experienced rapid expansion as a result of the substantial rise in the milk and dairy industry.
Nandini Roy Choudhury
Nandini Roy Choudhury

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Category-wise Insights

Growing Health-conscious Population drives the growth of Non-spreadable Butter

Due to the rising demand for low-fat butter, non-spreadable butter is expected to see the steady CAGR of 3.7% throughout the 2023 to 2033 period. Growing customer demand for reduced cholesterol and fat products is to account for the segment's expansion over the assessment period.

Online Channels are Witnessing Swift Growth due to High Internet Penetration

These channels can offer a variety of extra benefits, such as free shipping and coupon advantages. In addition to the abundance of lactose-free butter products available online, the segment is anticipated to expand in popularity over the projected period due to the rising prevalence of delivery services and app-based merchants.

Regional Analysis

The United Kingdom is Witnessing Strong Growth due to the Expansion of Nutrition Centers Across the Region

As a result of the rising demand for clean-label and sustainable dairy and milk products, the United Kingdom is predicted to develop at a substantial rate. Europe's economy is mostly driven by customers' rising demand for bread and other bakery goods. Over the past few years, consumer preferences have evolved toward favoring healthier and more nutritious products. In the upcoming years, the market expansion is anticipated to be driven by the rising demand for butter that is organic and free of genetically modified organisms (GMOs).

Attributes Details
United Kingdom Market Size (US$ million/billion) by End of Forecast Period (2033) US$ 998.4 million
United Kingdom Market Absolute Dollar Growth (US$ million/billion) US$ 167.3 million
CAGR % 2017 to 2022 1.4%
CAGR % 2023 to End of Forecast (2033) 1.9%

The United States is Highly Fragmented with Food Outlets and Supermarkets which Accounts for the Market's Strong Growth.

The significant product demand in the United States contributes over US$ 5.8 billion by 2033. Additionally, the market is driven by the rising purchasing power of the people in this area. The consumer goods market in North America offers appealing opportunities, therefore the region is expected to have significant expansion throughout the forecast period. Lactose intolerance affects up to 50 million Americans. As a result, the demand for lactose-free butter has increased across the United States.

Attributes Details
United States Market Size (US$ million/billion) by End of Forecast Period (2033) US$ 5.8 billion
United States Market Absolute Dollar Growth (US$ million/billion) US$ 1.1 billion
CAGR % 2017 to 2022 1.7%
CAGR % 2023 to End of Forecast (2033) 2.1%

The Booming Food Business is Providing Optimistic Opportunities for the Region

The greater manufacture of western-style pastries has increased demand for butter as China's baking industry has grown. Leading dairy companies are increasing the sales of packaged butter products through strategic marketing initiatives. Consumer demand for cooking and baking is rising, which has compelled key firms to improve their processing skills to meet the demand.

Attributes Details
China Market Size (US$ million/billion) by End of Forecast Period (2033) US$ 1.9 billion
China Market Absolute Dollar Growth (US$ million/billion) US$ 729.3 million
CAGR % 2017 to 2022 6.6%
CAGR % 2023 to End of Forecast (2033) 5.1%

Shifting Diet Patterns Among Consumers in India are Driving the Regional Growth

The demand for snacks with increased flavor and taste is anticipated to increase as customers' lifestyles change and their purchasing power rises. ;Additionally, makers are developing cutting-edge butter products to meet the needs of the growing number of lactose-intolerant people worldwide. For instance, India's dairy-free food company WhiteCub announced the introduction of its WhiteCub Vegan Butter in August 2021. This product is entirely plant-based, free of dairy, and contains vitamins D and B12.

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Competitive Landscape

The global butter market is fragmented, with many local and international competitors striving for market dominance, and product innovation is a key strategic stance taken by the major players. In addition, collaborations with other businesses and mergers, expansions, and acquisitions are frequently used tactics to strengthen a company's position and expand its market. Fonterra Co-operative Group, Arla Foods Amba, Dairy Farmers of America, and Land O' Lakes Inc. are a few of the well-known businesses active in the sector under study. Companies are vying for customers based on promotions, quality, innovation, and pricing. They are thus concentrated on strategic endeavors to obtain significant market shares.

Latest Developments

  • In October 2022, the natural nut butter company EATNUF from Singapore declared its intention to enter Malaysia and China in 2023. By 2023, the company plans to begin offering black sesame seed spread alongside its traditional almond and cashew nut butter on online shopping platforms.
  • In June 2022, Cavin's brand, a reputable FMCG company with its corporate headquarters in Chennai, CavinKare, presented fresh butter to the market. Butter is now offered in two varieties from the brand: frying butter and table butter.
  • The organic carbon zero-certified butter, which has been independently certified by Toit Envirocare to decrease and offset carbon emissions, was introduced in April 2022 by the New Zealand Dairy Cooperative and Anchor Fonterra.

Key Companies

  • Fonterra Co-operative Group
  • Arla Foods
  • Dairy Farmers of America
  • Gujarat Co-operative Milk Marketing Federation
  • Ornua Co-operative Ltd.
  • Land O’Lakes, Inc.
  • Nestle India Ltd.
  • Organic Valley Family of Farms
  • Royal FrieslandCampina NV
  • The Kraft Heinz Company

Key Companies Insights

Leading New Zealand-based dairy producer Fonterra actively invests in new product developments in the butter market to bolster its product line and solidify its position in the international market. For instance, to meet the rising demand for organic dairy products, the company introduced a new carbon-zero-certified organic butter in March 2021.

Scope of the Report

Attribute Details
Growth Rate CAGR of 3.8% from 2023 to 2033
Base Year of Estimation 2023
Historical Data 2017 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in US$ billion and Volume in Units and F-CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis
Key Segments Covered By Product, By Application, By Distribution Channel, By Consumer, By Region
Regions Covered North America; Latin America; Europe; East Asia; South Asia; The Middle East & Africa; Oceania
Key Countries Profiled United States, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia
Key Companies Profiled Fonterra Co-operative Group; Arla Foods; Dairy Farmers of America; Gujarat Co-operative Milk Marketing Federation; Ornua Co-operative Ltd.; Land O’Lakes, Inc.; Nestle India Ltd.; Organic Valley Family of Farms; Royal FrieslandCampina NV; The Kraft Heinz Company
Customization & Pricing Available upon Request

Key Segments Covered in the Market Report

By Product Type:

  • Cultured Butter
  • Uncultured Butter
  • Salted Butter
  • Whipped Butter
  • Others

By Processing:

  • Processed Butter
  • Unprocessed Butter

By Usage:

  • Spreadable
  • Non-spreadable

By End Use:

  • Food Processing
  • Bakery
  • Dairy and Frozen Desserts
  • Dressings and Spreads
  • Others

By Distribution Channel:

  • Direct
  • Indirect
    • Hypermarkets/Supermarkets
    • Convenience Store
    • Specialty Stores
    • Independent Retailers
    • Online Retailers

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • The Middle East & Africa (MEA)

Frequently Asked Questions

Where is the Higher Demand for Butter?

North America is contributing a maximum share in the global market.

Which Country Market will Witness Higher Growth?

China market to grow at 5.1% CAGR through 2033.

Which End Use Industry is a Key Contributor?

Online retailer is a key contributor in the global market.

Which Processing Type is in higher demand?

Processed butter segment holds a maximum revenue of the global market share.

How the Butter Market Developed in the Past?

From 2018 to 2022, the global market exhibited 3.8% CAGR.

Table of Content
1. Executive Summary | Butter Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Analysis, 2017 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Metric Tons) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Nature

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Analysis By Nature, 2017 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Metric Tons) Analysis and Forecast By Nature, 2023 to 2033

        5.3.1. Organic

        5.3.2. Conventional

    5.4. Y-o-Y Growth Trend Analysis By Nature, 2017 to 2022

    5.5. Absolute $ Opportunity Analysis By Nature, 2023 to 2033

6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Analysis By Product Type, 2017 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Metric Tons) Analysis and Forecast By Product Type, 2023 to 2033

        6.3.1. Cultured Butter

        6.3.2. Uncultured Butter

        6.3.3. Salted Butter

        6.3.4. Whipped Butter

        6.3.5. Others

    6.4. Y-o-Y Growth Trend Analysis By Product Type, 2017 to 2022

    6.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033

7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Form

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Analysis By Form, 2017 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Metric Tons) Analysis and Forecast By Form, 2023 to 2033

        7.3.1. Spreadable

        7.3.2. Non-Spreadable

    7.4. Y-o-Y Growth Trend Analysis By Form, 2017 to 2022

    7.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033

8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Analysis By End Use, 2017 to 2022

    8.3. Current and Future Market Size Value (US$ Million) & Volume (Metric Tons) Analysis and Forecast By End Use, 2023 to 2033

        8.3.1. Food Processing Industry

        8.3.2. Food Service Industry

        8.3.3. Retail/Household

    8.4. Y-o-Y Growth Trend Analysis By End Use, 2017 to 2022

    8.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033

9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Distribution Channel

    9.1. Introduction / Key Findings

    9.2. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Analysis By Distribution Channel, 2017 to 2022

    9.3. Current and Future Market Size Value (US$ Million) & Volume (Metric Tons) Analysis and Forecast By Distribution Channel, 2023 to 2033

        9.3.1. B2B

        9.3.2. B2C

            9.3.2.1. Supermarkets/Hypermarkets

            9.3.2.2. Specialty Stores

            9.3.2.3. Convenience Stores

            9.3.2.4. Online Stores

            9.3.2.5. Others

    9.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2017 to 2022

    9.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033

10. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region

    10.1. Introduction

    10.2. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Analysis By Region, 2017 to 2022

    10.3. Current Market Size Value (US$ Million) & Volume (Metric Tons) Analysis and Forecast By Region, 2023 to 2033

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Europe

        10.3.4. East Asia

        10.3.5. South Asia

        10.3.6. Oceania

        10.3.7. Middle East and Africa

    10.4. Market Attractiveness Analysis By Region

11. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2017 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Metric Tons) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. United kingdom

            11.2.1.2. Canada

        11.2.2. By Nature

        11.2.3. By Product Type

        11.2.4. By Form

        11.2.5. By End Use

        11.2.6. By Distribution Channel

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Nature

        11.3.3. By Product Type

        11.3.4. By Form

        11.3.5. By End Use

        11.3.6. By Distribution Channel

    11.4. Key Takeaways

12. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2017 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Metric Tons) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Brazil

            12.2.1.2. Mexico

            12.2.1.3. Argentina

            12.2.1.4. Rest of Latin America

        12.2.2. By Nature

        12.2.3. By Product Type

        12.2.4. By Form

        12.2.5. By End Use

        12.2.6. By Distribution Channel

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Nature

        12.3.3. By Product Type

        12.3.4. By Form

        12.3.5. By End Use

        12.3.6. By Distribution Channel

    12.4. Key Takeaways

13. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2017 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Metric Tons) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. Germany

            13.2.1.2. United kingdom

            13.2.1.3. France

            13.2.1.4. Italy

            13.2.1.5. Spain

            13.2.1.6. BENELUX

            13.2.1.7. Nordic

            13.2.1.8. Russia

            13.2.1.9. Poland

            13.2.1.10. Rest of Europe

        13.2.2. By Nature

        13.2.3. By Product Type

        13.2.4. By Form

        13.2.5. By End Use

        13.2.6. By Distribution Channel

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Nature

        13.3.3. By Product Type

        13.3.4. By Form

        13.3.5. By End Use

        13.3.6. By Distribution Channel

    13.4. Key Takeaways

14. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2017 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Metric Tons) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. China

            14.2.1.2. Japan

            14.2.1.3. South Korea

        14.2.2. By Nature

        14.2.3. By Product Type

        14.2.4. By Form

        14.2.5. By End Use

        14.2.6. By Distribution Channel

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Nature

        14.3.3. By Product Type

        14.3.4. By Form

        14.3.5. By End Use

        14.3.6. By Distribution Channel

    14.4. Key Takeaways

15. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2017 to 2022

    15.2. Market Size Value (US$ Million) & Volume (Metric Tons) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. India

            15.2.1.2. Thailand

            15.2.1.3. Indonesia

            15.2.1.4. Malaysia

            15.2.1.5. Singapore

            15.2.1.6. Rest of South Asia

        15.2.2. By Nature

        15.2.3. By Product Type

        15.2.4. By Form

        15.2.5. By End Use

        15.2.6. By Distribution Channel

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Nature

        15.3.3. By Product Type

        15.3.4. By Form

        15.3.5. By End Use

        15.3.6. By Distribution Channel

    15.4. Key Takeaways

16. Oceania Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country

    16.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2017 to 2022

    16.2. Market Size Value (US$ Million) & Volume (Metric Tons) Forecast By Market Taxonomy, 2023 to 2033

        16.2.1. By Country

            16.2.1.1. Australia

            16.2.1.2. New Zealand

        16.2.2. By Nature

        16.2.3. By Product Type

        16.2.4. By Form

        16.2.5. By End Use

        16.2.6. By Distribution Channel

    16.3. Market Attractiveness Analysis

        16.3.1. By Country

        16.3.2. By Nature

        16.3.3. By Product Type

        16.3.4. By Form

        16.3.5. By End Use

        16.3.6. By Distribution Channel

    16.4. Key Takeaways

17. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country

    17.1. Historical Market Size Value (US$ Million) & Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2017 to 2022

    17.2. Market Size Value (US$ Million) & Volume (Metric Tons) Forecast By Market Taxonomy, 2023 to 2033

        17.2.1. By Country

            17.2.1.1. GCC Countries

            17.2.1.2. South Africa

            17.2.1.3. Türkiye

            17.2.1.4. Rest of Middle East and Africa

        17.2.2. By Nature

        17.2.3. By Product Type

        17.2.4. By Form

        17.2.5. By End Use

        17.2.6. By Distribution Channel

    17.3. Market Attractiveness Analysis

        17.3.1. By Country

        17.3.2. By Nature

        17.3.3. By Product Type

        17.3.4. By Form

        17.3.5. By End Use

        17.3.6. By Distribution Channel

    17.4. Key Takeaways

18. Key Countries Market Analysis

    18.1. United kingdom

        18.1.1. Pricing Analysis

        18.1.2. Market Share Analysis, 2022

            18.1.2.1. By Nature

            18.1.2.2. By Product Type

            18.1.2.3. By Form

            18.1.2.4. By End Use

            18.1.2.5. By Distribution Channel

    18.2. Canada

        18.2.1. Pricing Analysis

        18.2.2. Market Share Analysis, 2022

            18.2.2.1. By Nature

            18.2.2.2. By Product Type

            18.2.2.3. By Form

            18.2.2.4. By End Use

            18.2.2.5. By Distribution Channel

    18.3. Brazil

        18.3.1. Pricing Analysis

        18.3.2. Market Share Analysis, 2022

            18.3.2.1. By Nature

            18.3.2.2. By Product Type

            18.3.2.3. By Form

            18.3.2.4. By End Use

            18.3.2.5. By Distribution Channel

    18.4. Mexico

        18.4.1. Pricing Analysis

        18.4.2. Market Share Analysis, 2022

            18.4.2.1. By Nature

            18.4.2.2. By Product Type

            18.4.2.3. By Form

            18.4.2.4. By End Use

            18.4.2.5. By Distribution Channel

    18.5. Argentina

        18.5.1. Pricing Analysis

        18.5.2. Market Share Analysis, 2022

            18.5.2.1. By Nature

            18.5.2.2. By Product Type

            18.5.2.3. By Form

            18.5.2.4. By End Use

            18.5.2.5. By Distribution Channel

    18.6. Germany

        18.6.1. Pricing Analysis

        18.6.2. Market Share Analysis, 2022

            18.6.2.1. By Nature

            18.6.2.2. By Product Type

            18.6.2.3. By Form

            18.6.2.4. By End Use

            18.6.2.5. By Distribution Channel

    18.7. United kingdom

        18.7.1. Pricing Analysis

        18.7.2. Market Share Analysis, 2022

            18.7.2.1. By Nature

            18.7.2.2. By Product Type

            18.7.2.3. By Form

            18.7.2.4. By End Use

            18.7.2.5. By Distribution Channel

    18.8. France

        18.8.1. Pricing Analysis

        18.8.2. Market Share Analysis, 2022

            18.8.2.1. By Nature

            18.8.2.2. By Product Type

            18.8.2.3. By Form

            18.8.2.4. By End Use

            18.8.2.5. By Distribution Channel

    18.9. Italy

        18.9.1. Pricing Analysis

        18.9.2. Market Share Analysis, 2022

            18.9.2.1. By Nature

            18.9.2.2. By Product Type

            18.9.2.3. By Form

            18.9.2.4. By End Use

            18.9.2.5. By Distribution Channel

    18.10. Spain

        18.10.1. Pricing Analysis

        18.10.2. Market Share Analysis, 2022

            18.10.2.1. By Nature

            18.10.2.2. By Product Type

            18.10.2.3. By Form

            18.10.2.4. By End Use

            18.10.2.5. By Distribution Channel

    18.11. BENELUX

        18.11.1. Pricing Analysis

        18.11.2. Market Share Analysis, 2022

            18.11.2.1. By Nature

            18.11.2.2. By Product Type

            18.11.2.3. By Form

            18.11.2.4. By End Use

            18.11.2.5. By Distribution Channel

    18.12. Nordic

        18.12.1. Pricing Analysis

        18.12.2. Market Share Analysis, 2022

            18.12.2.1. By Nature

            18.12.2.2. By Product Type

            18.12.2.3. By Form

            18.12.2.4. By End Use

            18.12.2.5. By Distribution Channel

    18.13. Russia

        18.13.1. Pricing Analysis

        18.13.2. Market Share Analysis, 2022

            18.13.2.1. By Nature

            18.13.2.2. By Product Type

            18.13.2.3. By Form

            18.13.2.4. By End Use

            18.13.2.5. By Distribution Channel

    18.14. Poland

        18.14.1. Pricing Analysis

        18.14.2. Market Share Analysis, 2022

            18.14.2.1. By Nature

            18.14.2.2. By Product Type

            18.14.2.3. By Form

            18.14.2.4. By End Use

            18.14.2.5. By Distribution Channel

    18.15. China

        18.15.1. Pricing Analysis

        18.15.2. Market Share Analysis, 2022

            18.15.2.1. By Nature

            18.15.2.2. By Product Type

            18.15.2.3. By Form

            18.15.2.4. By End Use

            18.15.2.5. By Distribution Channel

    18.16. Japan

        18.16.1. Pricing Analysis

        18.16.2. Market Share Analysis, 2022

            18.16.2.1. By Nature

            18.16.2.2. By Product Type

            18.16.2.3. By Form

            18.16.2.4. By End Use

            18.16.2.5. By Distribution Channel

    18.17. South Korea

        18.17.1. Pricing Analysis

        18.17.2. Market Share Analysis, 2022

            18.17.2.1. By Nature

            18.17.2.2. By Product Type

            18.17.2.3. By Form

            18.17.2.4. By End Use

            18.17.2.5. By Distribution Channel

    18.18. India

        18.18.1. Pricing Analysis

        18.18.2. Market Share Analysis, 2022

            18.18.2.1. By Nature

            18.18.2.2. By Product Type

            18.18.2.3. By Form

            18.18.2.4. By End Use

            18.18.2.5. By Distribution Channel

    18.19. Thailand

        18.19.1. Pricing Analysis

        18.19.2. Market Share Analysis, 2022

            18.19.2.1. By Nature

            18.19.2.2. By Product Type

            18.19.2.3. By Form

            18.19.2.4. By End Use

            18.19.2.5. By Distribution Channel

    18.20. Indonesia

        18.20.1. Pricing Analysis

        18.20.2. Market Share Analysis, 2022

            18.20.2.1. By Nature

            18.20.2.2. By Product Type

            18.20.2.3. By Form

            18.20.2.4. By End Use

            18.20.2.5. By Distribution Channel

    18.21. Malaysia

        18.21.1. Pricing Analysis

        18.21.2. Market Share Analysis, 2022

            18.21.2.1. By Nature

            18.21.2.2. By Product Type

            18.21.2.3. By Form

            18.21.2.4. By End Use

            18.21.2.5. By Distribution Channel

    18.22. Singapore

        18.22.1. Pricing Analysis

        18.22.2. Market Share Analysis, 2022

            18.22.2.1. By Nature

            18.22.2.2. By Product Type

            18.22.2.3. By Form

            18.22.2.4. By End Use

            18.22.2.5. By Distribution Channel

    18.23. Australia

        18.23.1. Pricing Analysis

        18.23.2. Market Share Analysis, 2022

            18.23.2.1. By Nature

            18.23.2.2. By Product Type

            18.23.2.3. By Form

            18.23.2.4. By End Use

            18.23.2.5. By Distribution Channel

    18.24. New Zealand

        18.24.1. Pricing Analysis

        18.24.2. Market Share Analysis, 2022

            18.24.2.1. By Nature

            18.24.2.2. By Product Type

            18.24.2.3. By Form

            18.24.2.4. By End Use

            18.24.2.5. By Distribution Channel

    18.25. GCC Countries

        18.25.1. Pricing Analysis

        18.25.2. Market Share Analysis, 2022

            18.25.2.1. By Nature

            18.25.2.2. By Product Type

            18.25.2.3. By Form

            18.25.2.4. By End Use

            18.25.2.5. By Distribution Channel

    18.26. South Africa

        18.26.1. Pricing Analysis

        18.26.2. Market Share Analysis, 2022

            18.26.2.1. By Nature

            18.26.2.2. By Product Type

            18.26.2.3. By Form

            18.26.2.4. By End Use

            18.26.2.5. By Distribution Channel

    18.27. Türkiye

        18.27.1. Pricing Analysis

        18.27.2. Market Share Analysis, 2022

            18.27.2.1. By Nature

            18.27.2.2. By Product Type

            18.27.2.3. By Form

            18.27.2.4. By End Use

            18.27.2.5. By Distribution Channel

19. Market Structure Analysis

    19.1. Competition Dashboard

    19.2. Competition Benchmarking

    19.3. Market Share Analysis of Top Players

        19.3.1. By Regional

        19.3.2. By Nature

        19.3.3. By Product Type

        19.3.4. By Form

        19.3.5. By End Use

        19.3.6. By Distribution Channel

20. Competition Analysis

    20.1. Competition Deep Dive

        20.1.1. Amul

            20.1.1.1. Overview

            20.1.1.2. Product Portfolio

            20.1.1.3. Profitability by Market Segments

            20.1.1.4. Sales Footprint

            20.1.1.5. Strategy Overview

                20.1.1.5.1. Marketing Strategy

                20.1.1.5.2. Product Strategy

                20.1.1.5.3. Channel Strategy

        20.1.2. Dean Foods Co

            20.1.2.1. Overview

            20.1.2.2. Product Portfolio

            20.1.2.3. Profitability by Market Segments

            20.1.2.4. Sales Footprint

            20.1.2.5. Strategy Overview

                20.1.2.5.1. Marketing Strategy

                20.1.2.5.2. Product Strategy

                20.1.2.5.3. Channel Strategy

        20.1.3. Glanbia Plc.

            20.1.3.1. Overview

            20.1.3.2. Product Portfolio

            20.1.3.3. Profitability by Market Segments

            20.1.3.4. Sales Footprint

            20.1.3.5. Strategy Overview

                20.1.3.5.1. Marketing Strategy

                20.1.3.5.2. Product Strategy

                20.1.3.5.3. Channel Strategy

        20.1.4. Saputo Inc.

            20.1.4.1. Overview

            20.1.4.2. Product Portfolio

            20.1.4.3. Profitability by Market Segments

            20.1.4.4. Sales Footprint

            20.1.4.5. Strategy Overview

                20.1.4.5.1. Marketing Strategy

                20.1.4.5.2. Product Strategy

                20.1.4.5.3. Channel Strategy

        20.1.5. Nestlé S.A.

            20.1.5.1. Overview

            20.1.5.2. Product Portfolio

            20.1.5.3. Profitability by Market Segments

            20.1.5.4. Sales Footprint

            20.1.5.5. Strategy Overview

                20.1.5.5.1. Marketing Strategy

                20.1.5.5.2. Product Strategy

                20.1.5.5.3. Channel Strategy

        20.1.6. Kerry Group

            20.1.6.1. Overview

            20.1.6.2. Product Portfolio

            20.1.6.3. Profitability by Market Segments

            20.1.6.4. Sales Footprint

            20.1.6.5. Strategy Overview

                20.1.6.5.1. Marketing Strategy

                20.1.6.5.2. Product Strategy

                20.1.6.5.3. Channel Strategy

        20.1.7. Sodiaal International SA

            20.1.7.1. Overview

            20.1.7.2. Product Portfolio

            20.1.7.3. Profitability by Market Segments

            20.1.7.4. Sales Footprint

            20.1.7.5. Strategy Overview

                20.1.7.5.1. Marketing Strategy

                20.1.7.5.2. Product Strategy

                20.1.7.5.3. Channel Strategy

        20.1.8. Britannia Industries Ltd

            20.1.8.1. Overview

            20.1.8.2. Product Portfolio

            20.1.8.3. Profitability by Market Segments

            20.1.8.4. Sales Footprint

            20.1.8.5. Strategy Overview

                20.1.8.5.1. Marketing Strategy

                20.1.8.5.2. Product Strategy

                20.1.8.5.3. Channel Strategy

        20.1.9. Dairy Farmers of America

            20.1.9.1. Overview

            20.1.9.2. Product Portfolio

            20.1.9.3. Profitability by Market Segments

            20.1.9.4. Sales Footprint

            20.1.9.5. Strategy Overview

                20.1.9.5.1. Marketing Strategy

                20.1.9.5.2. Product Strategy

                20.1.9.5.3. Channel Strategy

        20.1.10. Valio Oy

            20.1.10.1. Overview

            20.1.10.2. Product Portfolio

            20.1.10.3. Profitability by Market Segments

            20.1.10.4. Sales Footprint

            20.1.10.5. Strategy Overview

                20.1.10.5.1. Marketing Strategy

                20.1.10.5.2. Product Strategy

                20.1.10.5.3. Channel Strategy

        20.1.11. Meiji Holdings Company, Ltd.

            20.1.11.1. Overview

            20.1.11.2. Product Portfolio

            20.1.11.3. Profitability by Market Segments

            20.1.11.4. Sales Footprint

            20.1.11.5. Strategy Overview

                20.1.11.5.1. Marketing Strategy

                20.1.11.5.2. Product Strategy

                20.1.11.5.3. Channel Strategy

        20.1.12. Royal FrieslandCampina N.V

            20.1.12.1. Overview

            20.1.12.2. Product Portfolio

            20.1.12.3. Profitability by Market Segments

            20.1.12.4. Sales Footprint

            20.1.12.5. Strategy Overview

                20.1.12.5.1. Marketing Strategy

                20.1.12.5.2. Product Strategy

                20.1.12.5.3. Channel Strategy

        20.1.13. Fonterra Co-operative Group Limited

            20.1.13.1. Overview

            20.1.13.2. Product Portfolio

            20.1.13.3. Profitability by Market Segments

            20.1.13.4. Sales Footprint

            20.1.13.5. Strategy Overview

                20.1.13.5.1. Marketing Strategy

                20.1.13.5.2. Product Strategy

                20.1.13.5.3. Channel Strategy

        20.1.14. Groupe Lactalis S.A.

            20.1.14.1. Overview

            20.1.14.2. Product Portfolio

            20.1.14.3. Profitability by Market Segments

            20.1.14.4. Sales Footprint

            20.1.14.5. Strategy Overview

                20.1.14.5.1. Marketing Strategy

                20.1.14.5.2. Product Strategy

                20.1.14.5.3. Channel Strategy

        20.1.15. Arla Foods amba

            20.1.15.1. Overview

            20.1.15.2. Product Portfolio

            20.1.15.3. Profitability by Market Segments

            20.1.15.4. Sales Footprint

            20.1.15.5. Strategy Overview

                20.1.15.5.1. Marketing Strategy

                20.1.15.5.2. Product Strategy

                20.1.15.5.3. Channel Strategy

        20.1.16. Land O' Lakes, Inc.

            20.1.16.1. Overview

            20.1.16.2. Product Portfolio

            20.1.16.3. Profitability by Market Segments

            20.1.16.4. Sales Footprint

            20.1.16.5. Strategy Overview

                20.1.16.5.1. Marketing Strategy

                20.1.16.5.2. Product Strategy

                20.1.16.5.3. Channel Strategy

        20.1.17. Granarolo S.P.A.

            20.1.17.1. Overview

            20.1.17.2. Product Portfolio

            20.1.17.3. Profitability by Market Segments

            20.1.17.4. Sales Footprint

            20.1.17.5. Strategy Overview

                20.1.17.5.1. Marketing Strategy

                20.1.17.5.2. Product Strategy

                20.1.17.5.3. Channel Strategy

        20.1.18. Savencia Fromage & Dairy

            20.1.18.1. Overview

            20.1.18.2. Product Portfolio

            20.1.18.3. Profitability by Market Segments

            20.1.18.4. Sales Footprint

            20.1.18.5. Strategy Overview

                20.1.18.5.1. Marketing Strategy

                20.1.18.5.2. Product Strategy

                20.1.18.5.3. Channel Strategy

        20.1.19. DMK Group

            20.1.19.1. Overview

            20.1.19.2. Product Portfolio

            20.1.19.3. Profitability by Market Segments

            20.1.19.4. Sales Footprint

            20.1.19.5. Strategy Overview

                20.1.19.5.1. Marketing Strategy

                20.1.19.5.2. Product Strategy

                20.1.19.5.3. Channel Strategy

        20.1.20. OMIRA GmbH

            20.1.20.1. Overview

            20.1.20.2. Product Portfolio

            20.1.20.3. Profitability by Market Segments

            20.1.20.4. Sales Footprint

            20.1.20.5. Strategy Overview

                20.1.20.5.1. Marketing Strategy

                20.1.20.5.2. Product Strategy

                20.1.20.5.3. Channel Strategy

21. Assumptions & Acronyms Used

22. Research Methodology
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