Overview and Scope
Butter blocks are large, rectangular slabs of butter typically used in
professional baking and cooking. They are commonly found in commercial
kitchens, bakeries, and restaurants due to their convenient size and shape,
which make them ideal for bulk use.
Sizing and Forecast
The butter blocks market size has grown steadily in recent years. It will grow
from $31.23 billion in 2023 to $32.73 billion in 2024 at a compound annual
growth rate (CAGR) of 4.8%. The growth
in the historic period can be attributed to increasing consumer awareness of
natural products, increasing disposable incomes, a rise in dairy production, a
rise in global trade, and growth in consumer spending on food.
The butter blocks market size is expected to see strong growth in the next few
years. It will grow to $39.99 billion in 2028 at a compound annual growth rate
(CAGR) of 5.1%. The growth in the
forecast period can be attributed to growing awareness regarding the health
benefits, rising demand for organic products, increasing consumer demand for
high-quality dairy products, growing demand for versatile food products, and
growing popularity of home baking. Major trends in the forecast period include
technological advancements, natural and organic options, sustainable packaging
innovations, flavor and ingredient diversification, and artisanal dairy
products.
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Segmentation & Regional Insights
The butter blocks market covered in this report is segmented –
1) By Type: Salted, Unsalted, Other Types
2) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores,
Online Stores, Departmental Stores
3) By Application: Baking, Cooking, Spreading, Flavoring
Asia-Pacific was the largest region in the butter blocks market in 2023. The
regions covered in the butter blocks 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 increasing demand for bakery products is expected to propel the growth of
the butter blocks market going forward. Bakery products refer to a diverse
range of food items produced and sold by bakeries. The demand for bakery
products is due to enhancing the customer experience, growing demand for
healthier options, and diversifying product portfolios. Bakery products use
butter blocks to create laminated doughs for croissants and puff pastries,
enrich doughs for brioche and cookies, and enhance the flavor and texture of
pie crusts, tarts, and savory pastries. For instance, in February 2024,
according to the Agriculture and Horticulture Development Board, a UK-based
government organization, in 2023, baking activities increased by 1%, reaching
13 million occasions compared to the previous year. This growth was driven by a
significant rise in sweet home baking, which saw an increase of 29 million
occasions. Therefore, the increasing demand for bakery products drives the butter
blocks market.
Key Industry Players
Major companies operating in the butter blocks market are Danone S.A., Lactalis Group, Fonterra
Co-operative Group Limited, Royal FrieslandCampina, Saputo Inc., Arla Foods
amba, Kerry Group, Agropur Cooperative, Dairy Farmers of America, Land O'Lakes
Inc., Glanbia PLC, Schreiber Foods Inc., Emmi AG, Megmilk Snow Brand Co. Ltd.,
DMK Group, Ornua Co-operative Ltd., Associated Milk Producers Inc., California
Dairies Inc., Grassland Dairy Products Inc., Anand Milk Union Limited, Eurial,
Dairy Crest
The butter blocks market report table of contents includes:
1. Executive Summary
2. Butter
Blocks Market Characteristics
3. Butter
Blocks Market Trends And Strategies
4. Butter
Blocks Market - Macro Economic Scenario
5. Global
Butter Blocks Market Size and Growth
.
32. Global
Butter Blocks Market Competitive Benchmarking
33. Global
Butter Blocks Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Butter Blocks Market
35. Butter
Blocks Market Future Outlook and Potential Analysis
36.
Appendix
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