Butter Market size is expected to reach USD 61.94 billion by 2028
Butter Industry Overview The global butter market size was valued at USD 51.61 billion in 2021 and is projected to grow at 2.6% from 2022 to 2028. The global market growth is significantly driven by the increasing demand for the product. Increasing manufacturing of food products and expansion of the foodservice industry are also expected to boost the market over the forecast period. Increasing consumption of bakery and confectionery products across the world is also expected to facilitate the growth of the product, where the butter is mainly used for tenderness and flavored shortening. Moreover, market growth is also driven by the rising trend of home baking. The home baking trend soared in popularity during the pandemic and is expected to remain strong. Gather more insights about the market drivers, restrains and growth of the Global Butter Market Technological development and advancement like the IoT in the transportation of butter and other milk pro...