About Lactic Butter
Lactic Butter is a type of a processed butter, produced from pasteurized cream which is cultured using certain bacteria. This gives the butter a rich flavour. Lactic acid is offered in both salty and non-salty form. It has higher smoking point compared to Sweet Cream Butter, which makes it an ideal choice to be used in baking. Lactic Butter, is found in all the commercial forms that includes blocks, cubes and spreads. The growth of dairy processing industry has largely lead to growth of the lactic butter market, and increasing consumption owing to increase in disposable income has equally led to growth of the market. Europe is the biggest market of lactic butter.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. 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.
Arla Foods Amba (Denmark), Groupe Lactalis (France), Dale Farm Ltd. (United Kingdom), Gujarat Cooperative Milk Marketing Federation Ltd (India), Fonterra Co-operative Group Limited (New Zealand), California Dairies Inc. (United States), Foodcom S.A. (Poland), Lakeland Dairies Co-op Society Ltd. (Ireland), Glanbia (Ireland) and Milky Holland B.V. (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Numidia BV (Netherlands), Hoogwegt Group (Netherlands) and Laiterie Le Gall (France).
Segmentation Overview
AMA Research has segmented the market of Global Lactic Butter market by Type (Salted Lactic Butter and Unsalted Lactic Butter), Application (Bakery and Confectionery, Dairy Products, Sauces and Soups and Others) and Region.
On the basis of geography, the market of Lactic 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 Distribution Channel, the sub-segment i.e. Online {E-Commerce Stores} will boost the Lactic Butter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Blocks will boost the Lactic Butter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Popularity of Low Fat Butters
Market Growth Drivers:
Change in Dietary Choices due to Rapid Urbanisation and Growth in the Diary and Diary Processing Industry
Challenges:
Several Health Risks Associated with Excessive Consumption of Butter due to High Calories and High Saturated Fat Content
Restraints:
Emergence of Vegan Butter and Competition from other Butter Alternatives such as Sweet Cream Butter
Opportunities:
Blocks Account for Largest Market Share
Market Leaders and their expansionary development strategies
In 2019, Arla Foods, a Danish Diary giant owned famous European butter brand known as Lurpak has announced new packaging for its butter. The new packaging consists of a butterbox replacing its earlier packaging type of foil. This is to reduce the consumer inconvenience caused by foil packaging to lactic butter.
Key Target Audience
Lactic Butter Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
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.