47.7 F
Santa Barbara
HomeBooksButter Blocks Market to Reach $45.2 Billion Globally by 2032 at 3.4%...

Butter Blocks Market to Reach $45.2 Billion Globally by 2032 at 3.4% CAGR: Allied Market Research

The globalization of food cultures, rising consumer demand for versatile & delicious dairy products, and are the factors projected to drive the global butter blocks market’s growth during the forecast period. The Asia-Pacific region is expected to be most lucrative by 2032.

Wilmington, Delaware, April 10, 2024 (GLOBE NEWSWIRE) — Allied Market Research has recently published a report, titled, Butter Blocks Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Application, by Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2023-2032.” According to the report, the global butter blocks market generated $32.4 billion in 2022, and is anticipated to generate $45.2 billion by 2032, rising at a CAGR of 3.4% from 2023 to 2032.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A323164

Prime Determinants of Growth

The growing consumer demand for versatile and delicious dairy products, globalization of food cultures, and the globalization of food cultures are the factors expected to drive the growth of the global butter blocks market in the forecast period from 2023 to 2032. However, the growing health concerns and the consumer shift towards healthier alternatives to high-fat products may hamper market growth. On the contrary, technological advancements in packaging & design and the growing popularity of natural & authentic food products are expected to offer remunerative opportunities for the expansion of the butter blocks market during the forecast period.

Report Coverage & Details:

Report Coverage Details
Forecast Period 2023–2032
Base Year 2022
Market Size in 2022 $32.4 billion
Market Size in 2032 $45.2 billion
CAGR 3.4%
No. of Pages in Report 310
Segments covered Type, Application, Distribution Channel, and Region
Drivers
  • Increasing consumer demand for versatile and delicious dairy products
  • Globalization of food cultures
  • Versatility of butter blocks in culinary applications
Opportunities
  • Advancements in packaging technology and design
  • Growing popularity of natural and authentic food products
Restraints Health concerns regarding the negative impact of butter consumption

Type: Salted Sub-segment to Flourish Immensely by 2032

The salted sub-segment accounted for the largest global butter blocks market share of 50.9% in 2022 and is expected to continue to maintain its dominance in terms of major market share by 2032. The dominance of the sub-segment is driven by salted butter block’s health benefits, including essential nutrients crucial for bone and dental health, its potential to enhance the immune system and protect against diseases, and its savory flavor that elevates dishes. Additionally, salted butter offers skincare benefits, nourishing the skin, nails, and hair, making it a versatile ingredient in both kitchens and beauty routines, thus contributing to its market growth.

Procure Complete Report (310 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/butter-blocks-market

Application: Baking Sub-segment to be the Most Dominant During the Forecast Period

The baking sub-segment accounted for the largest market share of 34.4% in 2022 and is expected to grow at the highest CAGR of 4.0% during the forecast period. This is mainly owing to the butter’s essential role in baking. Butter contributes to the texture and moisture of baked goods, aids in the leavening process, and provides stability to cookies and biscuits. Temperature control is crucial, with different forms of butter used for various baking techniques. Additionally, butter blocks offer versatility for flavor infusion, inspiring creativity and innovation in baking recipes worldwide.

Distribution Channel: Supermarkets/ Hypermarkets Sub-segment to Hold Major Market Share by 2032

The supermarkets/hypermarkets sub-segment accounted for the largest market share of 37.3% in 2022 and is expected to continue to hold major share by 2032. This is majorly because of factors, such as competitive pricing, convenience, and quality assurance. These retail giants offer competitive pricing strategies, attracting budget-conscious consumers. Moreover, their emphasis on quality assurance and reputation ensures customers trust the freshness and authenticity of the butter blocks. This combination of affordability and quality contributes to the preference for hypermarkets/supermarkets as the primary distribution channel for butter blocks.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/A323164

Region: Asia-Pacific Market to be Most Prominent During the Forecast Period

The butter blocks market in the Asia-Pacific region accounted for the largest share of 57.3% in 2022 and is predicted to rise at the highest CAGR of 3.7% during the forecast period. This growth is mainly because the butter blocks are integral to Asian culinary traditions, enhancing the taste of various dishes and holding symbolic significance in rituals and celebrations. Besides, butter’s rich fat content provides energy and essential nutrients, contributing to its widespread consumption. Moreover, cultural traditions and beliefs surrounding butter further drive its popularity in the Asia-Pacific region, making it a staple in diets and festivities.

Leading Players in the Butter Blocks Market:

  • Dean Foods
  • Grassland Dairy Products, Inc.
  • Nestle S.A.
  • Fonterra Co-operative Group Limited
  • Arla Foods amba
  • Megmilk Snow Brand Co., Ltd.
  • FrieslandCampina
  • land o’lakes, inc.
  • Lactalis Group
  • Danone S.A, Kerry Group

The report provides a detailed analysis of the key players of the global butter blocks market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Trending Reports in Food & Beverages Industry:

High Fat Powder Market: Global Opportunity Analysis and Industry Forecast, 2023-2032

Butter Powder Market Size, Share, Competitive Landscape and Trend Analysis, 2023-2032

Coconut Butter Market Size, Share, Competitive Landscape and Trend, 2021-2031

Textured Butter Market: Opportunity Analysis and Industry Forecast, 2023-2032

Almond Butter Market Size, Share, Competitive Landscape and Trend Analysis, 2021-2030

Shea Butter Market Size, Share, Competitive Landscape and Trend Analysis, 2021-2030

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int’l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

[email protected]

Web: https://www.alliedmarketresearch.com/reports-store/food-and-beverages

Follow Us on | Facebook | LinkedIn | YouTube


Primary Logo

Originally published at https://www.einpresswire.com/article/702622922/butter-blocks-market-to-reach-45-2-billion-globally-by-2032-at-3-4-cagr-allied-market-research

- Part of VUGA -digital marketing

latest articles

gossip news

explore more

fashion tv watch free