Food And Beverages

Global Milk And Butter Market Overview And Prospects

December 17, 2021 by The Business Research Company

Learn about the global milk and butter market through The Business Research Company, which provides information on milk and butter market size, milk and butter market drivers and restraints, milk and butter market players, the COVID-19 impact on the milk and butter market, and more.

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The global milk and butter market is expected to grow from $299.72 billion in 2020 to $316.44 billion in 2021 at a compound annual growth rate (CAGR) of 5.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $417.26 billion in 2025 at a CAGR of 7%.

The growing demand for organic products offers considerable opportunities for dairy products producers in both developed and developing countries, thus likely to drive the market during the forecast period.

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The milk and butter market consists of sales of milk and butter by entities (organizations, sole traders and partnerships) that produce processed milk products such as pasteurized milk, cream, creamery butter, sour cream and fluid milk dairy substitutes from soybeans and other non-dairy substances. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments.

Global milk and butter market segments include:

By Type: Milk-Dairy, Butter

By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others

Application: Food, Beverages, Intermediate Products, Condiments, Other

Subsegments Covered: Butter Milk, Powdered Milk, Liquid Milk, Concentrated Milk

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global milk and butter market, accounting for 49% of the market in 2020.

The internet of things (IoT) technology is increasingly being used to track dairy products including milk and butter and to ensure safe product handling. IoT technology consists of a network of devices, vehicles or other items that continuously exchange data and provide insights about a process or system. This technology is being used to track ingredients being used in products. Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation.

TBRC’s milk and butter market report covers:

Major Market Players: Nestle, Danone, Arla Foods, Müller Group, Lactalis

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Milk And Butter Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides milk and butter market overviews, analyzes and forecasts market size, share, milk and butter market players, milk and butter market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s milk and butter market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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