Salted Butter Market to Reach $56 Billion Globally by 2032 at 4.3% CAGR: Allied Market Research
Articolo Precedente
Articolo Successivo
Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A323160
Prime Determinants of Growth
The growing popularity of bakery products and the shifting preference of consumers towards convenient cooking options are the factors expected to drive the growth of the global salted butter market in the forecast period from 2023 to 2032. However, the increasing health awareness among people and the growing usage of plant-based alternatives may hamper the market growth in the coming future. On the contrary, the versatility and ability of salted butter to enhance flavors and the expansion of distribution channels beyond retail outlets are expected to offer remunerative opportunities for the expansion of the salted butter market during the forecast period.
Report Coverage & Details:
Product: Blocks Sub-segment to be the Most Dominant During the Forecast Period
The blocks sub-segment accounted for the largest global salted butter market share of 48.2% in 2022 and is expected to grow at the highest CAGR of 4.6% during the forecast period. The dominance of the blocks sub-segment in the global salted butter market is driven by several factors. Block salted butter offers convenience in storage, handling, and portioning, meeting diverse consumer needs for cooking and baking. Its rich flavor profile and natural preservative properties make it a versatile choice favored by both home cooks and professionals, contributing to its widespread popularity and market dominance.
Procure Complete Report (295 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/salted-butter-market
Application: Commercial Sub-segment to Flourish Immensely During the Forecast Period
The commercial sub-segment accounted for the largest market share of 54.6% in 2022 and is expected to dominate in terms of market share by 2032. This is mainly because salted butter's versatile applications across various industries, including bakeries, restaurants, and food processing units, highlights its widespread popularity. Its pivotal role in enhancing flavor profiles and textures in diverse culinary creations solidifies its position as a fundamental ingredient, driving its pervasive presence and demand in the commercial sector.
Distribution Channel: Offline Sub-segment to Witness Significant Growth by 2032
The offline sub-segment accounted for the largest share of 57.4% in the salted butter market in 2022 and is predicted to continue to maintain its dominance during the forecast period. Traditional distribution channels, such as supermarkets, retail outlets, and confectionary stores play a crucial role in ensuring widespread accessibility and consumer trust. Supermarkets offer convenience and variety, while retail outlets cater to local preferences, ensuring availability even in remote areas. Despite the rise of online platforms, the offline market's stronghold highlights the importance of personal interaction and product visibility in influencing consumer choices, contributing to the global market growth.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/A323160
Region: Asia-Pacific Market to Hold Major Share by 2032
The salted butter market in the Asia-Pacific accounted for the largest share of 51.6% in 2022 and is predicted to continue to maintain its dominance in terms of market share during the forecast period. This growth is mainly owing to the region's diverse culinary traditions, ranging from rich curries to delicate pastries, which showcases the versatile use of salted butter in local cuisines. As the consumers in the Asia-Pacific region are increasingly adopting Western cooking styles, the demand for salted butter is expected to increase. This reflects the region's growing influence on global food trends and solidifying its position as a key player in the global salted butter market.
Leading Players in the Salted Butter Market:
![Salted Butter Market to Reach $56 Billion Globally by 2032 at 4.3% CAGR: Allied Market Research](https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg)
The report provides a detailed analysis of the key players of the global salted butter market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Trending Reports in Food & Beverages Industry:
High Fat Powder Market: Global Opportunity Analysis and Industry Forecast, 2023-2032
Butter Powder Market Size, Share, Competitive Landscape and Trend Analysis, 2023-2032
Coconut Butter Market Size, Share, Competitive Landscape and Trend, 2021-2031
Almond Butter Market Size, Share, Competitive Landscape and Trend Analysis, 2021-2030
Shea Butter Market Size, Share, Competitive Landscape and Trend Analysis, 2021-2030
Mango Butter Market: Global Opportunity Analysis and Industry Forecast, 2023-2032
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/food-and-beverages
Follow Us on | Facebook | LinkedIn | YouTube
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/salted-butter-market-to-reach-56-billion-globally-by-2032-at-4-3-cagr-allied-market-research-302116566.html
![](https://rt.prnewswire.com/rt.gif?NewsItemId=EN87566&Transmission_Id=202404150622PR_NEWS_EURO_ND__EN87566&DateId=20240415)