Anhydrous Butter Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 1.8 Billion by 2033 at a CAGR of 5% from 2026 to 2033.
The global anhydrous butter market was valued at approximately USD 2.1 billion in 2022, with a compound annual growth rate (CAGR) projected at 4.8% from 2022 to 2030. This growth is driven by increasing demand in the food and beverage sector, particularly in bakery and confectionery applications. The market benefits from the products extended shelf life and concentrated fat content, making it a preferred choice for manufacturers. Asia Pacific accounted for the largest regional share, contributing nearly 35% of the global revenue in 2022, owing to rising consumption of processed foods and growing food service industries. Europe followed closely, with a significant share supported by its strong bakery culture and high adoption in premium food products.
North America is expected to witness steady growth, driven by increasing utilization in packaged food products and a shift toward clean label and high quality ingredients. Meanwhile, the Middle East and Africa are emerging markets, showcasing growth potential due to expanding food processing industries and evolving dietary patterns. Latin America also presents opportunities, particularly with rising awareness of anhydrous butters versatility in cooking and baking. Favorable trade policies and growing export import activities in dairy products further support market expansion across regions. Key opportunities lie in innovation, such as organic and non GMO variants, to cater to the evolving preferences of health conscious consumers.
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Anchor
Aria Foods
Lurpak
Flora
Willow
Kerrygold
Utterly Butterly
Clover
Yorkshire Butter
Anchor
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Anhydrous Butter Market
Salted Anhydrous Butter
Unsalted Anhydrous Butter
Food Industry
Beverage Industry
Cosmetic Industry
Pharmaceutical Industry
Solid
Liquid
Bulk Packaging
Retail Packaging
Commercial
Household
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Anhydrous Butter Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Anhydrous Butter Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Anhydrous Butter Market, By Type
6. Global Anhydrous Butter Market, By Application
7. Global Anhydrous Butter Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Anhydrous Butter Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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