About Low Fat Butter
Low-fat butter differs from regular butter in terms of lower calories, lower fat content, and low cholesterol levels. Because of reduced cholesterol levels and saturated fat levels, low-fat butter is a better healthy alternative to regular butter which helps in preventing cardiovascular disease. With the increase in health consciousness among the masses, people will gradually shift to healthier options thus driving the demand for this product in coming years.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global butter market is turning dynamic with the entrance of new vegan producers and gourmet food producers. Although with innovation in original products to realign them to healthier products would see the market going up such as in the case of the low-fat butter market. Major players in this market are Land O'Lakes Inc., Kerrygold, and Lurpak. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Low Fat Butter market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Land O'Lakes Inc. (United States), Organic Valley (United States), Kerrygold (Ireland), Lurpak (Denmark), Amul (India), Arla Foods (Denmark), Fronterra Cooperative Group Ltd. (New Zealand), Rockview Farms (United States), Saputo Inc. (Canada) and Aurivo Co-operative Society Ltd. (Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Upfield Holdings B.V. (Netherlands), Lam soon Group (Thailand) and Baltais (Latvia).
Segmentation Overview
AMA Research has segmented the market of Global Low Fat Butter market by Type (Salted Butter and Unsalted Butter), Application (Individual Households, Food Service Industry and Others) and Region.
On the basis of geography, the market of Low Fat Butter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Spreadable Butter will boost the Low Fat Butter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. E-commerce Stores will boost the Low Fat Butter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in Demand of Varied Flavours like Salted, Unsalted, Spices, and Others in Butter
Market Growth Drivers:
Increased Cardiovascular Patients, as well as an Increase in Chronic Diseases, has Made People More Conscious about Healthier Food Alternatives
Challenges:
Increasing Incidents of Adulteration of Butter
Restraints:
Tough Competition from Vegan Based Butter Producers, Because of Low-Calorie Content of Vegan Butters Compared to Regular Dairy Butters
Opportunities:
Less Consumer Awareness about the Presence of the Product, thus Proper Marketing Tactics would be Key and North America and Europe has Highest Obesity Percentages thus these Markets would be Major Targets for Low Fat Butter Producers
Market Leaders and their expansionary development strategies
In 2020, Amul Cooperative Ltd., India’s dairy giant began its milk procurement business in Andhra Pradesh in collaboration with the state government, here Amul would procure from close to 100 villages through women cooperative dairy societies.
Key Target Audience
Low Fat Butter Producers, Suppliers, and Distributers, Milk Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.