What is Low Fat Butter Market?
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.
The market study is being classified by Type (Salted Butter and Unsalted Butter), by Application (Individual Households, Food Service Industry and Others) and major geographies with country level break-up.
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 profiled in the study. Additionally, the Vendors which are also part of the research are Upfield Holdings B.V. (Netherlands), Lam soon Group (Thailand) and Baltais (Latvia).
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. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Low Fat Butter market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Low Fat Butter market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Cardiovascular Patients, as well as an Increase in Chronic Diseases, has Made People More Conscious about Healthier Food Alternatives
- Rise in Demand of Varied Flavours like Salted, Unsalted, Spices, and Others in Butter
- Tough Competition from Vegan Based Butter Producers, Because of Low-Calorie Content of Vegan Butters Compared to Regular Dairy Butters
- Less Consumer Awareness about the Presence of the Product, thus Proper Marketing Tactics would be Key
- North America and Europe has Highest Obesity Percentages thus these Markets would be Major Targets for Low Fat Butter Producers
- Increasing Incidents of Adulteration of Butter
Market Leaders and some 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 AudienceLow Fat Butter Producers, Suppliers, and Distributers, Milk Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, End-Use Industries and Others
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