Press release
Milk And Butter Market Size Forecasted To Achieve $441.2 Billion By 2029 With Steady Growth
The Milk And Butter Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Milk And Butter Market Size and Projected Growth Rate?
The milk and butter market size has seen significant growth in recent years. It will increase from $336.84 billion in 2024 to $355.72 billion in 2025 at a CAGR of 5.6%. This growth is driven by dairy farming, milk and butter being staple nutritional products, the expansion of the dairy industry, culinary traditions, and global trade.
The milk and butter market size is expected to experience strong growth in the next few years. It will grow to $441.2 billion by 2029, with a compound annual growth rate (CAGR) of 5.5%. This growth is due to the rising variety of dairy alternatives, health and wellness trends, sustainability, ethical practices, and digital marketing. Key trends include plant-based milk and butter, lactose-free and dairy-free products, butter blends and spreads, functional and fortified dairy, and sustainable packaging.
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What Are the Major Segments in the Milk And Butter Market?
The milk and butter market covered in this report is segmented -
1) By Type: Milk-Dairy, Butter
2) By Application: Food, Beverages, Intermediate Products, Condiments, Other Applications
3) By Distribution Channel: Super markets/Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments:
1) By Milk-Dairy: Whole Milk, Skim Milk, Semi-Skimmed Milk, Flavored Milk, Organic Milk
2) By Butter: Salted Butter, Unsalted Butter, Clarified Butter (Ghee), Organic Butter, Whipped Butter
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What Are The Driving Milk And Butter Market Evolution?
Rising interest in local, sustainable, and organic food production is anticipated to benefit the milk and butter manufacturing market. Consumers are more mindful of how food is produced and are willing to pay a premium for organic products. In June 2022, the Organic Trade Association noted an 11% increase in sales of organic dairy products and eggs compared to previous years. This trend is offering new opportunities for dairy producers and is expected to support market growth in both advanced and emerging economies.
Which Firms Dominate The Milk And Butter Market Segments?
Major companies operating in the milk and butter market include Danone S.A., Inner Mongolia Yili Industrial Group Co. Ltd., Fonterra Group Cooperative Limited, Groupe Lactalis S.A., Saputo Inc., Arla Foods amba, Frieslandcampina, Yakult Honsha Co. Ltd., Louis Dreyfus, Savencia Fromage & Dairy, Nestle S.A., Dairy Farmers of America Inc., Yili Group, China Mengniu Dairy Company Limited, Land O'Lakes Inc., Dean Foods, DMK Deutsches Milchkontor GmbH, Meiji Holdings Company Ltd., The Kraft Heinz Company, The Agropur Diary Co-operative, Sodiaal, Amul, Schreiber Foods Inc., Müller, Foremost Farms, Hiland Dairy, Prairie Farms Diary, St. Mary's Farm, St. Pete's Select, The Turner Dairies, Tillamook Country Creamy Association, Alpenrose Dairy, Challenge Diary.
What Trends Are Driving Growth in The Milk And Butter Market?
IoT technology is being increasingly utilized in dairy product tracking to ensure safety and quality. By connecting transport and storage systems to the internet, companies can monitor environmental factors like temperature and location during distribution. For example, China implemented the National Food Quality Safety Traceability Platform, leveraging IoT to enhance safety and efficiency throughout the food supply chain.
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Which Is The Largest Region In The Milk And Butter Market?
Asia-Pacific was the largest region in the milk and butter market in 2023. Western Europe was the second largest region in milk and butter market. The regions covered in the milk and butter market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Milk And Butter Market?
2. What is the CAGR expected in the Milk And Butter Market?
3. What Are the Key Innovations Transforming the Milk And Butter Industry?
4. Which Region Is Leading the Milk And Butter Market?
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