Table butter is obtained by churning fresh cream or milk which separates butterfat from the buttermilk. It remains solid under refrigeration, but melts into a liquid consistency at high temperature, and softens to a spreadable consistency at room temperature. Today, manufacturers are also introducing new varieties, flavors and packaging options of table butter to capture a wider consumer-base.
The latest report by IMARC Group titled, “Table Butter Market- Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022,” finds that the global table butter market reached a volume of more than four million tons in 2016, growing at a CAGR of 3% during 2009-2016. This report also provides historical volume, value and price trends, future forecast, industry performance, manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. of the global table butter market.
Table butter has been used as an important ingredient in different cultures for ages, and its applications are expanding with advancement and innovations in the food industry which are adding to the market growth. Apart from this, the presence of various nutritional elements such as manganese, chromium, iodine, zinc, copper, selenium and vitamins A, D, E and K are also contributing to its augmented demand.
According to IMARC, controlled intake of table butter reduces the chances of heart diseases, improves vision, boosts metabolism, prevents arthritis and cancer, and strengthens the immune system. Other factors, such as increasing population, rising disposable incomes and improving standards of living, are further expected to drive the growth of the market in the coming years, reaching a volume of more than five million tons by 2022.
The market has been segmented on a regional basis which includes the European Union, North America, Eastern Europe, Oceania, Latin America and Asia. Among these, the European Union represents the largest market for table butter, accounting for the majority of the share. An evaluation of the competitive landscape provides details of the key players operative in the market. Some of the major players are Lactalis Group, Nestle, Dairy Farmers of America, Arla Foods, Land O’Lakes and Amul.
Read the full report at http://www.imarcgroup.com/table-butter-market.