Salted Butter Market : Technology Advancements, Industry Insights, Trends And Forecast 2033

Overview and Scope
Salted butter is a type of butter that has had salt added to it during the production process. It is commonly used in cooking, baking, and as a spread. The addition of salt enhances the flavor and also acts as a preservative, giving salted butter a longer shelf life compared to unsalted butter. Salted butter is commonly used in cooking and baking and is a spread for bread and other foods.

Sizing and Forecast
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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Segmentation & Regional Insights
The salted butter market covered in this report is segmented –

1) By Product: Blocks, Sticks, Other Products
2) By Distribution Channel: Online, Offline
3) By Application: Household Use, Commercial Use

Asia-Pacific was the largest region in the salted butter market in 2023. The regions covered in the salted butter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the salted butter market are 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.

The salted butter market report table of contents includes:

1. Executive Summary

2. Salted Butter Market Characteristics

3. Salted Butter Market Trends And Strategies

4. Salted Butter Market - Macro Economic Scenario

5. Global Salted Butter Market Size and Growth
.........

32. Global Salted Butter Market Competitive Benchmarking

33. Global Salted Butter Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Salted Butter Market

35. Salted Butter Market Future Outlook and Potential Analysis

36. Appendix

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