Lactic Butter Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
The global lactic butter market was estimated to be US$ 3.98 Billion in 2022 and is expected grow at a CAGR of 4.9% between 2023 to 2032.
Lactic butter is a type of butter that is made from cultured or sour cream. It is produced by fermenting fresh cream with lactic acid bacteria, which gives the butter a tangy, slightly sour flavor. The process of culturing the cream also results in a higher content of healthy fatty acids and a lower pH, which helps to extend the shelf life of the butter.
Lactic butter is commonly used in cooking and baking, and is a popular ingredient in European cuisine. It is also used in cosmetics, pharmaceuticals, and other applications due to its rich and creamy texture.
Market Drivers
Increasing demand for natural and organic products is boosting the market growth
The growth of the global lactic butter market is driven by several factors, including the growth of the global dairy industry, the expansion of the retail sector, and the increasing availability of lactic butter through online channels.
The food, confectionary, and cosmetics industries are significant end-use industries for lactic butter, and the increasing demand for natural and organic products has led to an increase in demand for lactic butter as an ingredient.
In addition to the above factors, rising consumer awareness about the health benefits of lactic butter is also driving the growth of the lactic butter market. Lactic butter, made from cultured cream, is considered a natural and organic product and is seen as a healthier alternative to regular butter. With increasing consumer awareness about the health benefits of lactic butter, there has been a growing demand for the product.
The growing demand for lactic butter has created an opportunity for the production of lactic butter, leading to the growth of the lactic butter market.
Product segmentation of Global Lactic Butter Market
Salted lactic butter holds a significant share
Based on the type of product the market is segmented into Salted Lactic Butter, and Unsalted Lactic Butter. Among these, the salted lactic butter segment is the largest segment in the market, accounting for a significant share of the market.
The demand for salted lactic butter is higher due to its widespread usage in a variety of applications, such as cooking and baking. The salt in salted lactic butter helps to enhance the flavor and taste of the product, making it more appealing to consumers. The high demand for salted lactic butter has led to an increase in production, driving the growth of the salted lactic butter segment.
While, the unsalted lactic butter segment is the fastest-growing segment growing rapidly due to the increasing demand for healthier and natural products. Unsalted lactic butter is considered a healthier alternative to regular salted butter, and its popularity has been growing among health-conscious consumers.
The increasing demand for unsalted lactic butter has led to an increase in production, driving the growth of the unsalted lactic butter segment.
Form segmentation of Global Lactic Butter Market
Blocks is the largest segment of the lactic butter market
Based on the form the market is segmented into Blocks, Cubes, and Spreads. Among these, the largest segment is blocks. It is the most commonly used form in the food industry due to its versatility and ease of use. Blocks of lactic butter are used in cooking, baking, and as spreads, making them a popular choice in households and commercial kitchens.
The availability of lactic butter in block form in various sizes and packaging options has made it the preferred choice for consumers and has contributed to its market dominance.
The cubes and spreads segments are also growing, but they are smaller compared to the blocks segment. The increasing demand for convenient and ready-to-use products has driven the growth of the cubes segment, while the growth of the spreads segment is driven by the increasing demand for healthier alternatives to regular spreads. Both the cubes and spreads segments are expected to grow in the future, but the blocks segment is expected to remain the largest segment in the global lactic butter market.
Application segmentation of Global Lactic Butter Market
Sauces and soups are the fastest-growing application in the lactic butter market
Based on the application, the market is segmented into Bakery Products, Confectionary, Dairy Products, Sauces and Soups, RTE Food, Snacks, Meat Products, and other applications. Among these segments, the largest segment is the bakery products. Lactic butter is widely used in bakery products as it provides a rich and creamy flavour and enhances the texture of baked goods.
The increasing demand for natural and organic products has led to an increase in the use of lactic butter in bakery products as an alternative to regular butter. This has made the bakery products segment the largest segment in the global lactic butter market.
While, the fastest-growing segment of the global lactic butter market based on application is sauces and soups. Lactic butter is used in sauces and soups as a thickener and to add richness and flavor.
The growing demand for natural and organic products has led to an increase in the use of lactic butter in sauces and soups, making it a popular ingredient in the food industry. This trend has driven the growth of the sauces and soups segment and is expected to continue to grow in the future.
Sales Channel segmentation of Global Lactic Butter Market
Growth of online grocery shopping is driving the growth of the online retail segment
Based on sales channel, the market is segmented into Direct sales, Supermarkets/hypermarkets, Online retail, Convenience stores, and Others. Among these, the largest segment is supermarkets/hypermarkets. Supermarkets and hypermarkets offer a wide range of products, including lactic butter, under one roof, making them a popular choice for consumers.
The presence of multiple brands and the availability of various forms and packaging options of lactic butter in supermarkets and hypermarkets has made them the preferred choice for consumers.
While, the fastest-growing segment of the market is online retail. The growth of e-commerce and the increasing availability of products through online channels has driven the growth of the online retail segment.
The convenience and ease of purchasing products online, as well as the ability to compare prices and products, have made online retail a popular choice for consumers. Additionally, the growth of online grocery shopping has also contributed to the growth of the online retail segment in the lactic butter market.
Regional trends of the Global Lactic Butter Market
Asia-Pacific region experience significant growth in the future
Geographically, the global lactic butter market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Among these, the largest segment is Europe, a leading producer and consumer of dairy products, including lactic butter.
The region has a well-established dairy industry, and the consumption of dairy products is part of the traditional diet in many European countries. Additionally, the presence of major dairy producing countries, such as France, Germany, and the Netherlands, has contributed to the growth of the lactic butter market in Europe.
The fastest-growing segment of the global lactic butter market by geography is Asia-Pacific. The region is experiencing rapid growth in the dairy industry, driven by increasing consumer demand for dairy products and the growth of the food and confectionery industries.
The increasing urbanization and rising disposable income levels in the region have also led to an increase in the demand for dairy products, including lactic butter. Additionally, the growth of the online retail sector has made lactic butter more accessible to consumers in the region, contributing to its growth.
While Europe remains the largest market for lactic butter, the Asia-Pacific region is expected to continue to experience significant growth in the future, driven by increasing consumer demand and the growth of the dairy industry in the region.
Key players and market strategies:
Some of the biggest companies operating in the global lactic butter market are Amul, Bongrain S.A., California Dairies Inc., Dale Farm Ltd., Dairy Farmers of America, Emmi AG, Fonterra Co-operative Group, Fonterra Group, Foodcom S.A., Glanbia Ireland, Hoogwegt Group, Interfood BV, Kerry Group, Lakeland Dairies Co-op Society Ltd., Lactalis American Group Inc., Lactalis Group, Land O'Lakes, Milky Holland, Numidia BV, Saputo Inc., Société FIT, and many more.
Global Lactic Butter Market Segmentation:
By Product Type
- Salted Lactic Butter
- Unsalted Lactic Butter
By Form
- Blocks
- Cubes
- Spreads
By Application
- Backery Products
- Confectionary
- Dairy Products
- Sauces and Soups
- RTE Food
- Snacks
- Meat Products
- Other applications
By Sales Channel
- Direct sales
- Supermarkets/hypermarkets
- Online retail
- Convenience stores
- Others
By Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Lactic Butter Market
- Global Lactic Butter Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Porter’s Five Forces Analysis
- Value Chain Analysis
- Trends
- Global Lactic Butter Market Analysis and Forecast, by Product Type
- Overview and definitions
- Key segment analysis
- Global Lactic Butter Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Salted Lactic Butter
- Unsalted Lactic Butter
- Global Lactic Butter Market Analysis and Forecast, by Form
- Overview and definitions
- Key segment analysis
- Global Lactic Butter Market Estimates (US$ Mn), by Form, 2019 – 2032
- Blocks
- Cubes
- Spreads
- Global Lactic Butter Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Lactic Butter Market Estimates (US$ Mn), by Application, 2019 – 2032
- Bakery Products
- Confectionary
- Dairy Products
- Sauces and Soups
- RTE Food
- Snacks
- Meat Products
- Other applications
- Global Lactic Butter Market Analysis and Forecast, by Sales Channel
- Overview and definitions
- Key segment analysis
- Global Lactic Butter Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- B2B
- B2C
- Supermarkets/hypermarkets
- Online retail
- Convenience stores
- Others
- Global Lactic Butter Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Lactic Butter Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Lactic Butter Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Lactic Butter Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Salted Lactic Butter
- Unsalted Lactic Butter
- North America Lactic Butter Market Estimates (US$ Mn), by Form, 2019 – 2032
- Blocks
- Cubes
- Spreads
- North America Lactic Butter Market Estimates (US$ Mn), by Application, 2019 – 2032
- Bakery Products
- Confectionary
- Dairy Products
- Sauces and Soups
- RTE Food
- Snacks
- Meat Products
- Other applications
- North America Lactic Butter Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- B2B
- B2C
- Supermarkets/hypermarkets
- Online retail
- Convenience stores
- Others
- North America Lactic Butter Market Estimates (US$ Mn), by Country, 2019 – 2032
- United States
- Canada
- Rest of North America
- Europe Lactic Butter Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Lactic Butter Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Salted Lactic Butter
- Unsalted Lactic Butter
- Europe Lactic Butter Market Estimates (US$ Mn), by Form, 2019 – 2032
- Blocks
- Cubes
- Spreads
- Europe Lactic Butter Market Estimates (US$ Mn), by Application, 2019 – 2032
- Bakery Products
- Confectionary
- Dairy Products
- Sauces and Soups
- RTE Food
- Snacks
- Meat Products
- Other applications
- Europe Lactic Butter Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- B2B
- B2C
- Supermarkets/hypermarkets
- Online retail
- Convenience stores
- Others
- Europe Lactic Butter Market Estimates (US$ Mn), by Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Lactic Butter Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Lactic Butter Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Salted Lactic Butter
- Unsalted Lactic Butter
- Asia Pacific Lactic Butter Market Estimates (US$ Mn), by Form, 2019 – 2032
- Blocks
- Cubes
- Spreads
- Asia Pacific Lactic Butter Market Estimates (US$ Mn), by Application, 2019 – 2032
- Bakery Products
- Confectionary
- Dairy Products
- Sauces and Soups
- RTE Food
- Snacks
- Meat Products
- Other applications
- Asia Pacific Lactic Butter Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- B2B
- B2C
- Supermarkets/hypermarkets
- Online retail
- Convenience stores
- Others
- Asia Pacific Lactic Butter Market Estimates (US$ Mn), by Country, 2019 – 2032
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa Lactic Butter Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Lactic Butter Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Salted Lactic Butter
- Unsalted Lactic Butter
- North America Lactic Butter Market Estimates (US$ Mn), by Form, 2019 – 2032
- Blocks
- Cubes
- Spreads
- Middle East & Africa Lactic Butter Market Estimates (US$ Mn), by Application, 2019 – 2032
- Bakery Products
- Confectionary
- Dairy Products
- Sauces and Soups
- RTE Food
- Snacks
- Meat Products
- Other applications
- Middle East & Africa Lactic Butter Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- B2B
- B2C
- Supermarkets/hypermarkets
- Online retail
- Convenience stores
- Others
- Middle East & Africa Lactic Butter Market Estimates (US$ Mn), by Country, 2019 – 2032
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America Lactic Butter Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Lactic Butter Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Salted Lactic Butter
- Unsalted Lactic Butter
- South America Lactic Butter Market Estimates (US$ Mn), by Form, 2019 – 2032
- Blocks
- Cubes
- Spreads
- South America Lactic Butter Market Estimates (US$ Mn), by Application, 2019 – 2032
- Bakery Products
- Confectionary
- Dairy Products
- Sauces and Soups
- RTE Food
- Snacks
- Meat Products
- Other applications
- South America Lactic Butter Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- B2B
- B2C
- Supermarkets/hypermarkets
- Online retail
- Convenience stores
- Others
- South America Lactic Butter Market Estimates (US$ Mn), by Country, 2019 – 2032
- Brazil
- Argentina
- Rest of South America
- Competition Analysis – Global Lactic Butter Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Bongrain S.A.
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Amul
- California Dairies Inc.
- Dale Farm Ltd.
- Dairy Farmers of America
- Emmi AG
- Fonterra Co-operative Group
- Foodcom S.A.
- Glanbia Ireland
- Hoogwegt Group
- Interfood BV
- Kerry Group
- Lakeland Dairies Co-op Society Ltd.
- Lactalis American Group Inc.,
- Land O'Lakes
- Milky Holland
- Bongrain S.A.
- Conclusion & Recommendations
Frequently asked questions about this report
What is the size of the lactic butter market?
The lactic butter market was estimated to be US$ 3.98 Billion in 2022.
What is the CAGR of the lactic butter market?
The global lactic butter market is expected grow at a CAGR of 4.9% between 2023 to 2032.
Which region will lead the global lactic butter market?
Europe region will lead the global lactic butter market. The presence of major dairy producing countries, such as France, Germany, and the Netherlands, has contributed to the growth of the lactic butter market in Europe.
What are the factors driving the lactic butter market?
The growth of the global lactic butter market is driven by several factors, including the growth of the global dairy industry, the expansion of the retail sector, and the increasing availability of lactic butter through online channels.
Which product segment holds the significant share of the lactic butter market?
The salted lactic butter segment holds a significant share in the lactic butter market.
Which form type is the fastest-growing in the lactic butter market?
The block is the fastest-growing form type in the lactic butter market. It is the most commonly used form in the food industry due to its versatility and ease of use.
What are the different sales channels of lactic butter used?
The sales channels in lactic butter market are Direct sales, Supermarkets/hypermarkets, Online retail, Convenience stores, and Others.
Which application is the fastest-growing in the lactic butter market?
The fastest-growing segment of the global lactic butter market based on application is sauces and soups. The growing demand for natural and organic products has led to an increase in the use of lactic butter in sauces and soups, making it a popular ingredient in the food industry.
Who are the leading manufacturers in the global lactic butter market?
The leading manufacturers in the global lactic butter market are Amul, Bongrain S.A., California Dairies Inc., Dale Farm Ltd., Dairy Farmers of America, Emmi AG, Fonterra Co-operative Group, Fonterra Group, Foodcom S.A., Glanbia Ireland, Hoogwegt Group, Interfood BV, Kerry Group, Lakeland Dairies Co-op Society Ltd., Lactalis American Group Inc., Lactalis Group, Land O'Lakes, Milky Holland, Numidia BV, Saputo Inc., Société FIT, and many more.