The global textured butter market achieved a size of USD 1.05 Billion in 2022, and it is projected to reach USD 1.55 Billion by 2032, with a robust compound annual growth rate (CAGR) of 5% anticipated during the forecast period.
The increasing demand for convenient food products and the growing necessity for easily prepared, ready-to-use food items play a pivotal role in propelling the market's revenue growth. Textured butter offers consumers the advantage of easy spreading on bread, toast, or crackers. It has become a preferred choice for households aiming to stock up on food items with extended shelf life.
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Top Profiled Companies:
- Kerry Group
- Fonterra Co-operative Group Limited
- FrieslandCampina
- Vitiva
- Cargill, Inc.
- Ornua Co-operative Limited
- Anchor Food Professionals
- AAK AB
- Eurial Ingredients Nutrition
- Grassland Dairy Products, Inc.
Key Trends of Textured Butter Market
- Growth in Artisanal and Specialty Butters: Consumers have shown an increased interest in premium and artisanal butters, including textured varieties. These products often cater to health-conscious consumers and those looking for unique flavor experiences.
- Innovation in Flavors and Textures: Manufacturers have been introducing a wide range of flavors and textures in butter products. This includes not only sweet and savory variations but also unique combinations such as herb-infused, spiced, and smoked butters.
- Healthier Alternatives: Given the growing health and wellness trends, some companies have started producing healthier textured butters, such as those made from alternative fats like coconut or almond butter. These products aim to cater to consumers looking for non-dairy and lower-calorie options.
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Textured Butter Market Segmentation
Product Type Outlook:
- Salted
- Unsalted
- Flavored
- Others
Application Outlook:
- Bakery and Confectionery
- Dairy Products
- Snacks and Spreads
- Others
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