The Global Butter Blocks Market size is expected to reach $41.2 billion by 2031, rising at a market growth of 3.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 2,487.5 Kilo Tonnes, experiencing a growth of 9.8% (2020-2023).
According to the International Trade Association (ITA) data, in 2023, the revenue of the retail industry in Mexico is estimated to be USD 76 billion, according to statistics from the Mexican Retailers' Association, ANTAD. Share of retail sales in Mexico in 2022 was hyper stores (15%), discount stores (11%), cash and carry (9%), convenience stores (7.5%), pharmacies (8%), supermarkets (6%), food service (4%), and eCommerce (12%). Hence, North America region captured $5,351.5 million revenue in the year 2023. In terms of volume, North America consumed 400.9 kilo tonnes of butter blocks in 2023. Butter is a fundamental component in the gastronomy of North America, comprising a wide array of recipes that progress from sweet treats such as pastries and confections to savory preparations like sauteed vegetables, mashed potatoes, and sauces.
Artisanal butter blocks are prized for their rich, nuanced flavors, which result from factors such as the breed of cows, the quality of the milk, and the traditional methods of butter production. Consumers appreciate the authentic taste and aroma of artisanal butter blocks, which vary depending on regional and seasonal factors. Additionally, Advertising and marketing campaigns can educate consumers about the benefits of butter blocks, including their taste, versatility, and nutritional value. Therefore, increasing adoption of advertising and marketing strategies boosts the growth of the market.
Margarine and butter substitute often have lower prices than butter blocks, making them more appealing to cost-conscious consumers. This price difference can lead some consumers to opt for margarine or substitutes over butter blocks, particularly during economic uncertainty. Many margarine and butter substitute products are formulated to be vegetarian or vegan-friendly, appealing to consumers who follow plant-based diets or have ethical concerns about animal products. Hence, competition from margarine and substitutes can pose challenges for the market.
Type Application
On the basis of type, the market is classified into salted, unsalted, and others. The salted segment recorded 49% revenue share in the market in 2023. In terms of volume, it is expected that 1,628.4 kilo tonnes of salted butter blocks would be consumed by the year 2031. Salted butter blocks are a staple ingredient in cooking and baking due to their versatile flavor profile. They add depth and richness to various dishes, including sauteed vegetables, sauces, soups, and baked goods like cookies, cakes, and pastries.
Distribution Channel Outlook
Based on distribution channel, the market is characterized by online stores, supermarkets & hypermarkets, departmental stores, and convenience stores. In 2023, the online stores segment recorded 23% revenue share in the market. In terms of volume, 936.3 kilo tonnes of Butter blocks would get sold online. Online stores often offer various butter blocks, including niche or specialty varieties that may not be readily available in traditional brick-and-mortar stores. Consumers can explore artisanal, organic, imported, or flavored butter blocks, catering to their preferences and dietary requirements.
Application Outlook
By application, the market is fragmented into baking, cooking, spreading, and flavoring. The baking segment procured 33% revenue share in the market in 2023. In terms of volume, 1,103.3 kilo tonnes of butter blocks would be utilized for baking. The baking segment drives innovation and creativity in the butter blocks market, inspiring chefs, bakers, and food manufacturers to develop new recipes, flavor combinations, and product offerings.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment garnered 58% revenue share in the market in 2023. In terms of volume, 2,113.4 kilo tonnes of butter blocks would be consumed by the year 2031 in Asia Pacific. Demand for butter products has increased in the Asia-Pacific region as a result of urbanization, shifting dietary preferences, and the growth of the middle class, which has led to a greater disposable income. As Western cuisine gains popularity and lifestyles evolve, butter consumption has been on the rise.
List of Key Companies Profiled
- Fonterra Co-operative Group Limited
- Kerry Group PLC
- Royal FrieslandCampina N.V.
- Lactalis Group
- Arla Foods, Inc.
- Amul (The Gujarat Co-operative Milk Marketing Federation Ltd.)
- Glanbia PLC
- Danone S.A.
- Land O'Lakes, Inc.
- Nestle S.A.
Global Butter Blocks Market Report Segmentation
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Stores
- Departmental Stores
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Baking
- Cooking
- Spreading
- Flavoring
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Butter Blocks Market, by Type
- 1.4.2Global Butter Blocks Market, by Distribution Channel
- 1.4.3Global Butter Blocks Market, by Application
- 1.4.4Global Butter Blocks Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Global Butter Blocks Market by Type
- 4.1Global Salted Market by Region
- 4.2Global Unsalted Market by Region
- 4.3Global Others Market by Region
Chapter 5.Global Butter Blocks Market by Distribution Channel
- 5.1Global Supermarkets & Hypermarkets Market by Region
- 5.2Global Convenience Stores Market by Region
- 5.3Global Online Stores Market by Region
- 5.4Global Departmental Stores Market by Region
Chapter 6.Global Butter Blocks Market by Application
- 6.1Global Baking Market by Region
- 6.2Global Cooking Market by Region
- 6.3Global Spreading Market by Region
- 6.4Global Flavoring Market by Region
Chapter 7.Global Butter Blocks Market by Region
- 7.1North America Butter Blocks Market
- 7.1.1North America Butter Blocks Market by Type
- 7.1.1.1North America Salted Market by Country
- 7.1.1.2North America Unsalted Market by Country
- 7.1.1.3North America Others Market by Country
- 7.1.2North America Butter Blocks Market by Distribution Channel
- 7.1.2.1North America Supermarkets & Hypermarkets Market by Country
- 7.1.2.2North America Convenience Stores Market by Country
- 7.1.2.3North America Online Stores Market by Country
- 7.1.2.4North America Departmental Stores Market by Country
- 7.1.3North America Butter Blocks Market by Application
- 7.1.3.1North America Baking Market by Country
- 7.1.3.2North America Cooking Market by Country
- 7.1.3.3North America Spreading Market by Country
- 7.1.3.4North America Flavoring Market by Country
- 7.1.4North America Butter Blocks Market by Country
- 7.1.4.1US Butter Blocks Market
- 7.1.4.1.1US Butter Blocks Market by Type
- 7.1.4.1.2US Butter Blocks Market by Distribution Channel
- 7.1.4.1.3US Butter Blocks Market by Application
- 7.1.4.2Canada Butter Blocks Market
- 7.1.4.2.1Canada Butter Blocks Market by Type
- 7.1.4.2.2Canada Butter Blocks Market by Distribution Channel
- 7.1.4.2.3Canada Butter Blocks Market by Application
- 7.1.4.3Mexico Butter Blocks Market
- 7.1.4.3.1Mexico Butter Blocks Market by Type
- 7.1.4.3.2Mexico Butter Blocks Market by Distribution Channel
- 7.1.4.3.3Mexico Butter Blocks Market by Application
- 7.1.4.4Rest of North America Butter Blocks Market
- 7.1.4.4.1Rest of North America Butter Blocks Market by Type
- 7.1.4.4.2Rest of North America Butter Blocks Market by Distribution Channel
- 7.1.4.4.3Rest of North America Butter Blocks Market by Application
- 7.2Europe Butter Blocks Market
- 7.2.1Europe Butter Blocks Market by Type
- 7.2.1.1Europe Salted Market by Country
- 7.2.1.2Europe Unsalted Market by Country
- 7.2.1.3Europe Others Market by Country
- 7.2.2Europe Butter Blocks Market by Distribution Channel
- 7.2.2.1Europe Supermarkets & Hypermarkets Market by Country
- 7.2.2.2Europe Convenience Stores Market by Country
- 7.2.2.3Europe Online Stores Market by Country
- 7.2.2.4Europe Departmental Stores Market by Country
- 7.2.3Europe Butter Blocks Market by Application
- 7.2.3.1Europe Baking Market by Country
- 7.2.3.2Europe Cooking Market by Country
- 7.2.3.3Europe Spreading Market by Country
- 7.2.3.4Europe Flavoring Market by Country
- 7.2.4Europe Butter Blocks Market by Country
- 7.2.4.1Germany Butter Blocks Market
- 7.2.4.1.1Germany Butter Blocks Market by Type
- 7.2.4.1.2Germany Butter Blocks Market by Distribution Channel
- 7.2.4.1.3Germany Butter Blocks Market by Application
- 7.2.4.2UK Butter Blocks Market
- 7.2.4.2.1UK Butter Blocks Market by Type
- 7.2.4.2.2UK Butter Blocks Market by Distribution Channel
- 7.2.4.2.3UK Butter Blocks Market by Application
- 7.2.4.3France Butter Blocks Market
- 7.2.4.3.1France Butter Blocks Market by Type
- 7.2.4.3.2France Butter Blocks Market by Distribution Channel
- 7.2.4.3.3France Butter Blocks Market by Application
- 7.2.4.4Russia Butter Blocks Market
- 7.2.4.4.1Russia Butter Blocks Market by Type
- 7.2.4.4.2Russia Butter Blocks Market by Distribution Channel
- 7.2.4.4.3Russia Butter Blocks Market by Application
- 7.2.4.5Spain Butter Blocks Market
- 7.2.4.5.1Spain Butter Blocks Market by Type
- 7.2.4.5.2Spain Butter Blocks Market by Distribution Channel
- 7.2.4.5.3Spain Butter Blocks Market by Application
- 7.2.4.6Italy Butter Blocks Market
- 7.2.4.6.1Italy Butter Blocks Market by Type
- 7.2.4.6.2Italy Butter Blocks Market by Distribution Channel
- 7.2.4.6.3Italy Butter Blocks Market by Application
- 7.2.4.7Rest of Europe Butter Blocks Market
- 7.2.4.7.1Rest of Europe Butter Blocks Market by Type
- 7.2.4.7.2Rest of Europe Butter Blocks Market by Distribution Channel
- 7.2.4.7.3Rest of Europe Butter Blocks Market by Application
- 7.3Asia Pacific Butter Blocks Market
- 7.3.1Asia Pacific Butter Blocks Market by Type
- 7.3.1.1Asia Pacific Salted Market by Country
- 7.3.1.2Asia Pacific Unsalted Market by Country
- 7.3.1.3Asia Pacific Others Market by Country
- 7.3.2Asia Pacific Butter Blocks Market by Distribution Channel
- 7.3.2.1Asia Pacific Supermarkets & Hypermarkets Market by Country
- 7.3.2.2Asia Pacific Convenience Stores Market by Country
- 7.3.2.3Asia Pacific Online Stores Market by Country
- 7.3.2.4Asia Pacific Departmental Stores Market by Country
- 7.3.3Asia Pacific Butter Blocks Market by Application
- 7.3.3.1Asia Pacific Baking Market by Country
- 7.3.3.2Asia Pacific Cooking Market by Country
- 7.3.3.3Asia Pacific Spreading Market by Country
- 7.3.3.4Asia Pacific Flavoring Market by Country
- 7.3.4Asia Pacific Butter Blocks Market by Country
- 7.3.4.1China Butter Blocks Market
- 7.3.4.1.1China Butter Blocks Market by Type
- 7.3.4.1.2China Butter Blocks Market by Distribution Channel
- 7.3.4.1.3China Butter Blocks Market by Application
- 7.3.4.2Japan Butter Blocks Market
- 7.3.4.2.1Japan Butter Blocks Market by Type
- 7.3.4.2.2Japan Butter Blocks Market by Distribution Channel
- 7.3.4.2.3Japan Butter Blocks Market by Application
- 7.3.4.3India Butter Blocks Market
- 7.3.4.3.1India Butter Blocks Market by Type
- 7.3.4.3.2India Butter Blocks Market by Distribution Channel
- 7.3.4.3.3India Butter Blocks Market by Application
- 7.3.4.4South Korea Butter Blocks Market
- 7.3.4.4.1South Korea Butter Blocks Market by Type
- 7.3.4.4.2South Korea Butter Blocks Market by Distribution Channel
- 7.3.4.4.3South Korea Butter Blocks Market by Application
- 7.3.4.5Australia Butter Blocks Market
- 7.3.4.5.1Australia Butter Blocks Market by Type
- 7.3.4.5.2Australia Butter Blocks Market by Distribution Channel
- 7.3.4.5.3Australia Butter Blocks Market by Application
- 7.3.4.6Malaysia Butter Blocks Market
- 7.3.4.6.1Malaysia Butter Blocks Market by Type
- 7.3.4.6.2Malaysia Butter Blocks Market by Distribution Channel
- 7.3.4.6.3Malaysia Butter Blocks Market by Application
- 7.3.4.7Rest of Asia Pacific Butter Blocks Market
- 7.3.4.7.1Rest of Asia Pacific Butter Blocks Market by Type
- 7.3.4.7.2Rest of Asia Pacific Butter Blocks Market by Distribution Channel
- 7.3.4.7.3Rest of Asia Pacific Butter Blocks Market by Application
- 7.4LAMEA Butter Blocks Market
- 7.4.1LAMEA Butter Blocks Market by Type
- 7.4.1.1LAMEA Salted Market by Country
- 7.4.1.2LAMEA Unsalted Market by Country
- 7.4.1.3LAMEA Others Market by Country
- 7.4.2LAMEA Butter Blocks Market by Distribution Channel
- 7.4.2.1LAMEA Supermarkets & Hypermarkets Market by Country
- 7.4.2.2LAMEA Convenience Stores Market by Country
- 7.4.2.3LAMEA Online Stores Market by Country
- 7.4.2.4LAMEA Departmental Stores Market by Country
- 7.4.3LAMEA Butter Blocks Market by Application
- 7.4.3.1LAMEA Baking Market by Country
- 7.4.3.2LAMEA Cooking Market by Country
- 7.4.3.3LAMEA Spreading Market by Country
- 7.4.3.4LAMEA Flavoring Market by Country
- 7.4.4LAMEA Butter Blocks Market by Country
- 7.4.4.1Brazil Butter Blocks Market
- 7.4.4.1.1Brazil Butter Blocks Market by Type
- 7.4.4.1.2Brazil Butter Blocks Market by Distribution Channel
- 7.4.4.1.3Brazil Butter Blocks Market by Application
- 7.4.4.2Argentina Butter Blocks Market
- 7.4.4.2.1Argentina Butter Blocks Market by Type
- 7.4.4.2.2Argentina Butter Blocks Market by Distribution Channel
- 7.4.4.2.3Argentina Butter Blocks Market by Application
- 7.4.4.3UAE Butter Blocks Market
- 7.4.4.3.1UAE Butter Blocks Market by Type
- 7.4.4.3.2UAE Butter Blocks Market by Distribution Channel
- 7.4.4.3.3UAE Butter Blocks Market by Application
- 7.4.4.4Saudi Arabia Butter Blocks Market
- 7.4.4.4.1Saudi Arabia Butter Blocks Market by Type
- 7.4.4.4.2Saudi Arabia Butter Blocks Market by Distribution Channel
- 7.4.4.4.3Saudi Arabia Butter Blocks Market by Application
- 7.4.4.5South Africa Butter Blocks Market
- 7.4.4.5.1South Africa Butter Blocks Market by Type
- 7.4.4.5.2South Africa Butter Blocks Market by Distribution Channel
- 7.4.4.5.3South Africa Butter Blocks Market by Application
- 7.4.4.6Nigeria Butter Blocks Market
- 7.4.4.6.1Nigeria Butter Blocks Market by Type
- 7.4.4.6.2Nigeria Butter Blocks Market by Distribution Channel
- 7.4.4.6.3Nigeria Butter Blocks Market by Application
- 7.4.4.7Rest of LAMEA Butter Blocks Market
- 7.4.4.7.1Rest of LAMEA Butter Blocks Market by Type
- 7.4.4.7.2Rest of LAMEA Butter Blocks Market by Distribution Channel
- 7.4.4.7.3Rest of LAMEA Butter Blocks Market by Application
Chapter 8.Company Profiles
- 8.1Fonterra Co-operative Group Limited
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Regional Analysis
- 8.1.4Research & Development Expense
- 8.1.5SWOT Analysis
- 8.2Kerry Group PLC
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental and Regional Analysis
- 8.2.4Research & Development Expenses
- 8.2.5SWOT Analysis
- 8.3Royal FrieslandCampina N.V.
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expenses
- 8.3.5SWOT Analysis
- 8.4Lactalis Group
- 8.4.1Company Overview
- 8.4.2SWOT Analysis
- 8.5Arla Foods amba
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Regional Analysis
- 8.5.4Research & Development Expense
- 8.5.5SWOT Analysis
- 8.6Amul (The Gujarat Co-operative Milk Marketing Federation Ltd.)
- 8.6.1Company Overview
- 8.6.2SWOT Analysis
- 8.7Glanbia PLC
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Segmental and Regional Analysis
- 8.7.4Research & Development Expenses
- 8.7.5SWOT Analysis
- 8.8Danone S.A.
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3Category and Regional Analysis
- 8.8.4SWOT Analysis
- 8.9Land O'Lakes, Inc.
- 8.9.1Company Overview
- 8.9.2Financial Analysis
- 8.10.Nestle S.A.
- 8.10.1Company Overview
- 8.10.2Financial Analysis
- 8.10.3Segmental and Regional Analysis
- 8.10.4Research & Development Expenses
- 8.10.5SWOT Analysis
Chapter 9.Winning Imperatives of Butter Blocks Market