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Global Salted Butter Market Growth Prospects, Future Industry Landscape 2033
"The Business Research Company recently released a comprehensive report on the Global Salted Butter Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16786&type=smp
According to The Business Research Company's, The salted butter market size has grown strongly in recent years. It will grow from $35.94 billion in 2023 to $37.92 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to the rise of online shopping platforms, the rise in health awareness, increasing demand from professional chefs, increasing population growth, and increasing consumer preferences for natural products.
The salted butter market size is expected to see strong growth in the next few years. It will grow to $47.54 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to a growing understanding of the negative health effects, rising popularity of bakery products, increasing demand for artisanal dairy products, increasing demand for artisanal dairy products, and growing influence on global food. Major trends in the forecast period include technological advancements, growth in artisanal varieties, organic options, gourmet cooking, innovations in packaging, and emphasis on sustainable sourcing.
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Market Drivers and Trends:
The rising popularity of bakery products is expected to propel the growth of the salted butter market going forward. Bakery products encompass a variety of food items, such as bread, cakes, muffins, and pastries that are typically baked in an oven. The rising popularity of bakery products can be attributed to increasing demand for convenient, ready-to-eat foods, diverse flavor options, artisanal craftsmanship, health-conscious ingredient choices, and cultural culinary trends. Salted butter is essential in baking as it improves the flavor, texture, and overall quality of various bread goods. For instance, in April 2023, according to the National Center for Biotechnology Information, a US-based governmental agency, the Italian bakery products industry produced 13.10 million tons of goods overall in 2021, a 2.6% rise from 2020. Therefore, the rising popularity of bakery products is driving the growth of the salted butter market.
Major companies operating in the salted butter market focus on developing innovative products, such as organic salted butter, to enhance flavor offerings. Organic salted butter is butter made from the milk of cows raised according to organic farming practices without synthetic pesticides, fertilizers, or antibiotics and seasoned with salt. For instance, in April 2023, Organic Milk Suppliers Cooperative Ltd., a UK-based manufacturer of dairy products, launched a new Grass Roots Dairy Co butter. It is a delicious new organic salted butter produced using purely organic cream. This latest offering emphasizes grass-fed milk, ensuring a rich and distinctive flavor profile. Grass Roots Dairy Co. butter is crafted with premium ingredients, promising superior taste and texture ideal for culinary applications. It appeals to health-conscious consumers seeking natural, ethically sourced products, aligning with current trends favoring sustainability and transparency in food production.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Lactalis Group, Royal FrieslandCampina NV, Arla Foods Group, Land O'Lakes Inc., Ornua Co-operative Limited, Organic Valley, Tillamook County Creamery Association, Anand Milk Union Limited, Devondale Murray Goulburn Co-operative Co. Limited, Crystal Farms Dairy Company, Vermont Creamery, Daylesford Organic, Granarolo SpA, Straus Family Creamery, Challenge Dairy Products Inc., Anchor Foods Ltd., Finlandia Cheese Inc., Meat The Butcher Pte Ltd., Horizon Organic, Agral SA, Mainland Cheese Company, Valio Ltd., Tyner Pond Farm, Organic Times, Dukeshill Ham Company Ltd.
Salted Butter Market 2024 Key Insights:
• The salted butter market size is expected to see strong growth in the next few years. It will grow to $47.54 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.
• Growing Popularity Of Bakery Products Fuels Salted Butter Market Growth
• Major Companies Develop Organic Salted Butter To Enhance Flavor Offerings
• Asia-Pacific was the largest region in the salted butter market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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