Overview and Scope
Milk is liquid food produced by mammals that are rich in nutrients including lactose and protein. Butter is a solid emulsion of fat globules, air, and water made from churned cream and used for cooking or a spread.
Sizing and Forecast
The milk and butter market size has grown strongly in recent years. It will grow from <b>$321.08 billion in 2023 to $339.65 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. </b> The growth in the historic period can be attributed to dairy farming, basic nutritional staples, dairy industry growth, traditional culinary use, global trade.
The milk and butter market size is expected to see strong growth in the next few years. It will grow to <b>$416.08 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. </b> The growth in the forecast period can be attributed to diverse dairy alternatives, health and wellness trends, sustainability and ethical practices, digital marketing and e-commerce, global market expansion. Major trends in the forecast period include plant-based milk and butter, lactose-free and dairy-free options, butter blends and spreads, functional and fortified dairy, sustainable packaging.
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Segmentation & Regional Insights
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: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments Covered: Butter Milk, Powdered Milk, Liquid Milk, Concentrated Milk
<b>Asia-Pacific</b> was the largest region in the milk and butter market in 2023. <b>Western Europe</b> 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.
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Major Driver Impacting Market Growth
The increasing demand for local, sustainable, and organic food production is expected to positively impact the milk and butter manufacturing market during the forecast period. Organic food production, including organic dairy products, places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers are now becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognise recognize as healthy. For instance, in June 2022, the Organic Trade Association, a US-based trade association representing organic businesses, the sales of organic dairy products and eggs increased by 11% as compared to the previous years. This growing demand for organic products offers considerable opportunities for dairy product producers in both developed and developing countries, which is likely to drive the market during the forecast period.
Key Industry Players
Major companies operating in the milk and butter market include <b> 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.</b>
The milk and butter market report table of contents includes:
1. Executive Summary
2.Milk And Butter Market Characteristics
3. Milk And Butter Market Trends And Strategies
4.Milk And Butter Market analysis
5.Milk And Butter Market Size And Growth
6.Milk And Butter Segmentation
7.Milk And Butter Regional And Country Analysis
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27.Milk And Butter Competitive Landscape And Company Profiles
28.Milk And Butter Key Mergers And Acquisitions
29.Milk And Butter Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Danone S.A.
- Inner Mongolia Yili Industrial Group Co. Ltd.
- Fonterra Group Cooperative Limited
- Groupe Lactalis S.A.
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TheBusinessResearchCompany published its Milk And Butter Manufacturing Global Market Report 2019 which provides strategists, marketers and senior management with the critical information they need to assess the global milk and butter manufacturing market.
The report covers the milk and butter manufacturing market’s segments- milk-dairy and butter.Explore Complete Report https://www.thebusinessresearchcompany.com/report/milk-and-butter-manufacturing-global-market-reportMilk And Butter Manufacturing Global Market Report 2019 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 50+ geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Request to get the sample of this report https://www.thebusinessresearchcompany.com/sample.aspx?id=2042=smpThe increasing incidence of lactose intolerance has led to a rise in demand for lactose free dairy products.
This is the major trend witnessed in the global milk and butter manufacturing market.
The Business Research Company published its Milk And Butter Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global milk and butter market.
The report covers the milk and butter market’s segments- by type: milk-dairy, butter, by distribution channel: supermarkets/hypermarkets, convenience stores, e-commerce, others, and by application: food, beverages, intermediate products, condiments, other subsegments covered: butter milk, powdered milk, liquid milk, concentrated milk, whipped butter, clarified butter, cultured butter, others – butter.View Complete Report: https://www.thebusinessresearchcompany.com/report/milk-and-butter-global-market-report-2020-30-covid-19-impact-and-recovery Milk And Butter Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.The increasing incidence of lactose intolerance has led to a rise in demand for lactose free dairy products.
The Business Research Company published its Milk And Butter Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Milk And Butter market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirusThe report covers the Milk And Butter market’s segments- 1) By Type: Milk-Dairy, Butter2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others3) By Application: Food, Beverages, Intermediate Products, Condiments, Other.Subsegments Covered: Butter Milk, Powdered Milk, Liquid Milk, Concentrated Milk, Whipped Butter, Clarified Butter, Cultured Butter, Others – Butter.View Complete Report: https://www.thebusinessresearchcompany.com/report/milk-and-butter-global-market-report-2020-30-covid-19-impact-and-recoveryMilk And Butter Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global milk and butter market is expected to grow from $294 billion in 2019 to $301 billion in 2020 at a compound annual growth rate (CAGR) of 2.4%.
The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $365.6 billion in 2023.The increasing incidence of lactose intolerance has led to a rise in demand for lactose free dairy products.
