Reduced Fat Butter Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.73 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Reduced Fat Butter Market Analysis
Global reduced fat butter market is projected to grow at a CAGR of 6.73% during the forecast period (2021- 2026).
- The rise in the number of health-conscious consumers has increased the demand for healthy food products acting as a key factor to boost the market growth in the next few years. Moreover, the growing incidence of obesity and cardiac arrests is also driving the product's demand. Also, companies are introducing different product forms, such as spreads and non-spreads, which is likely to contribute to the reduced-fat butter market growth.
- On the other hand, the easy availability of substitutes of reduced-fat butter such as olive oil, coconut spread, and avocado spreads which contain creamy texture & taste and offer more health benefits than reduced-fat butter may restraint the market growth during the forecast period.
- Due to COVID-19, the butter market has countered various supply chain disruptions, which also includes ingredients such as milk to produce butter, owing to which vaiorus players have switched to plant-based dairy products manufacturing, considering a better way to respond in real-time to the changing market conditions. This in turn, creates an opportunity for the market players to inovate in the category due to changing consumers preferences for healthy food products.
Reduced Fat Butter Market Trends
This section covers the major market trends shaping the Reduced Fat Butter Market according to our research experts:
Surge in Demand for Low Fat and Low Calorie Food Products
Consumers are getting increasingly conscious of the health risks associated with a high-caloric and fat diet. The importance of consuming a low-fat diet and consequently avoiding the excess energy intake from getting converted to fat depositions in the body has been a well-understood fact amongst health-conscious consumers, particularly in the developed countries such as the United States. The aforementioned trend is expected to reach quickly to developing and transition economies as a part of well-defined public health goals and growing government interventions from different pathways. The World Health Organization recommends that the total fat intake should be less than 30% of the total calories and that the intake of saturated fat should not exceed 10% of the total calories. This is creating a widespread demand for the reduced fat butter thus contributing to the market growth during the forecast period.
North America Holds the Largest Market Share
North America poised to be the largest market in the market studied, majorly due to the high consumer purchasing power and rising awareness about maintaining a healthy lifestyle augmenting the region's growth. Further, Asia Pacific is also becoming a prominent market for the low-fat butter industry due to rising demand and increasing population along with improved standards of living in terms of adopting a healthy diet. Moreover, constant product innovation by regional companies will spur market growth. For instance, Amul Milk Union Ltd. offers Amul Lite, which has no preservatives and low saturated fat content.
Reduced Fat Butter Industry Overview
Some of the major players in the market studied are GCMMF, Land O'Lakes, Inc, Finlandia Cheese, Inc, Savencia Fromage and Dairy and Saputo Inc., among others. Easy availability of a wide range of products offered by premium and local brands along with attractive discounts and offers is estimated to boost product sales through the store-based distribution channels. Moreover, companies are actively innovating in the category in order to sustain their position in the market.
Reduced Fat Butter Market Leaders
-
GCMMF
-
Land O’Lakes, Inc
-
Finlandia Cheese, Inc
-
SAVENCIA SA
-
Saputo Inc.
*Disclaimer: Major Players sorted in no particular order
Reduced Fat Butter Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
-
4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 By Type
- 5.1.1 Salted
- 5.1.2 Unsalted
-
5.2 By Form
- 5.2.1 Spreadable
- 5.2.2 Non-spreadable
-
5.3 By Distribution Channel
- 5.3.1 Supermarkets/Hypermarkets
- 5.3.2 Convenience Stores
- 5.3.3 Online Retailers
- 5.3.4 Other Distribution Channels
-
5.4 By Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.1.4 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 Spain
- 5.4.2.2 United Kingdom
- 5.4.2.3 Germany
- 5.4.2.4 France
- 5.4.2.5 Italy
- 5.4.2.6 Russia
- 5.4.2.7 Rest of Europe
- 5.4.3 Asia Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle East and Africa
- 5.4.5.1 South Africa
- 5.4.5.2 Saudi Arabia
- 5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
-
6.4 Company Profiles
- 6.4.1 GCMMF
- 6.4.2 Land O'Lakes, Inc
- 6.4.3 Finlandia Cheese, Inc
- 6.4.4 SAVENCIA SA
- 6.4.5 Saputo Inc.
- 6.4.6 Unilever (Upfield)
- 6.4.7 Arla Foods
- 6.4.8 Ornua Co-operative Limited
- 6.4.9 Rockview Farms
- 6.4.10 Raisio Group plc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
** Subject To AvailablityReduced Fat Butter Industry Segmentation
Global reduced fat butter market is segmented by type, form, distribution channel, and geography. Based on type, the market is segmented into salted and unsalted. Based on form, the market is segmented into spreadable and non-spreadable. Based on the distribution channel, supermarkets/hypermarkets, convenience stores, online retailers, and other distribution channels. Furthermore, the report takes into consideration the market for reduced-fat butter in the established and emerging economies across the globe, including North America, Europe, Asia-Pacific, South America, Middle East & Africa.
| By Type | Salted | |
| Unsalted | ||
| By Form | Spreadable | |
| Non-spreadable | ||
| By Distribution Channel | Supermarkets/Hypermarkets | |
| Convenience Stores | ||
| Online Retailers | ||
| Other Distribution Channels | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| By Geography | Europe | Spain |
| United Kingdom | ||
| Germany | ||
| France | ||
| Italy | ||
| Russia | ||
| Rest of Europe | ||
| By Geography | Asia Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| By Geography | Middle East and Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle East and Africa |
Reduced Fat Butter Market Research FAQs
What is the current Global Reduced Fat Butter Market size?
The Global Reduced Fat Butter Market is projected to register a CAGR of 6.73% during the forecast period (2024-2029)
Who are the key players in Global Reduced Fat Butter Market?
GCMMF, Land O’Lakes, Inc, Finlandia Cheese, Inc, SAVENCIA SA and Saputo Inc. are the major companies operating in the Global Reduced Fat Butter Market.
Which is the fastest growing region in Global Reduced Fat Butter Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Reduced Fat Butter Market?
In 2024, the North America accounts for the largest market share in Global Reduced Fat Butter Market.
What years does this Global Reduced Fat Butter Market cover?
The report covers the Global Reduced Fat Butter Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Reduced Fat Butter Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Reduced Fat Butter Industry Report
Statistics for the 2024 Global Reduced Fat Butter market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Reduced Fat Butter analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
