According to the latest report by IMARC Group, titled “Table Butter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global table butter market reached a value of US$ 44 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 8% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Table butter refers to a dairy product produced from pasteurized cream and mixed with salt and diacetyl to enhance flavor. It is also fortified with carotene to obtain the desired pigment. It is widely used as a spread and topping on pasta, gravies, vegetables, cookies, cakes and soups. It is also utilized to improve the texture, flavor and appearance of the dishes. Table butter is a rich source of vitamin A, B, D and E, phosphorous, calcium and antioxidants that aid in strengthening the immune system and improving cardiovascular health. As a result, it is widely used for domestic and commercial applications across restaurants, cafes, bakeries and hotels.
The global table butter market is primarily being driven by significant growth in the food and beverage industry. It is widely used across multiple cuisines for improving the flavor of rich gravies and enhancing the texture of bread, cookies and fried products. Moreover, various product innovations, such as the launch of low-fat, flavored and vegan table butter, are favoring the market growth. Other factors, including the convenient availability of table butter through online retail platforms, along with rising health consciousness among the masses, are creating a positive outlook for the market.
Table Butter Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global table butter market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Lactalis Group
- Nestle
- Dairy Farmers of America
- Arla Foods
- Land O’Lakes
- Amul
Key Market Segmentation:
The report has segmented the global table butter market on the basis of region.
Breakup by Region:
- European Union
- North America
- Eastern Europe
- Oceania
- Latin America
- Asia
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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