Market Overview:
The global hot pot butter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for hot pot butter from food service and retail sectors across the globe. Additionally, rising disposable income of consumers is also propelling the demand for various types of hot pot butters, which is in turn fuelling the growth of this market. However, volatility in prices of raw materials used in manufacturing process may hamper the growth of this market over forecast period. On basis on type, refined butter segment accounted for majority share in global Hot Pot Butter Market followed by unrefined butter segment In 2017 and it is projected to maintain its dominance throughout forecast period owing to its properties such as long shelf life and high purity level as compared to unrefined counterpart. On basis on application, food service sector dominated global Hot Pot Butter Market with highest revenue share In 2017 and it is projected retain its dominance throughout forecast period due growing trend among consumers towards ready-to-eat meals coupled with rising number restaurants globally .However ,retail sector anticipated exhibit highest CAGR over next decade owing growing inclination among consumers towards purchasing food items directly from stores .
Product Definition:
Hot pot butter is a mixture of clarified butter and spices that is used to cook food in a hot pot. The importance of hot pot butter is that it adds flavor to the food and helps to prevent it from sticking to the pot.
Refined Butter:
Refined butter is a type of spreadable butter that has been purified, graded, and packaged in order to improve its quality. Refined butters are used as an ingredient or additive in various food products such as breads, pastries, scones and muffins among others. The growth factor for the market is driven by factors such as rising demand from emerging economies like China & India coupled with increasing health awareness among consumers.
Unrefined Butter:
Unrefined butter is a clear yellow liquid made from animal fat. It has high nutritional value and is used in various cuisines. It can be used as a substitute for regular butter as it contains the same amount of vitamin A, but slightly less saturated fat and cholesterol.
It's taste is similar to regular butter, but slightly saltier due to higher concentration of blood sugar in unrefined form than that in refined form.
Application Insights:
The food service application segment led the global hot pot butter market in 2017. The segment is expected to expand at a CAGR of XX% over the forecast period owing to an increase in demand for Chinese and Japanese cuisine across restaurants, dine-out joints and hotels around the world. In addition, growing popularity of Americanized Chinese food coupled with increasing number of expatriates working away from their native countries has fueled demand for such foods in many countries around the world including India, China, U.K., Germany and UAE among others.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to growing consumer awareness regarding health and nutritional benefits associated with hot pot butter. Furthermore, presence of key manufacturers such as Land O’ Lakes and Ornua Foods in this region will also boost product penetration in North America during the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regional markets from 2018 to 2030 due to increasing demand for spreadable dairy products from countries like China and India that are major consumers of hot pot butter products owing to their high spreading ability among other factors such as cost and ease of use while baking or cooking food items such as breads, pastries, muffins & quick breads which are widely consumed across these countries especially during breakfast time along with tea or coffee consumption or on its own for snack consumption or even at parties & social gatherings etc.
Growth Factors:
- Increasing demand for Hot Pot in China and other Asian countries
- Growing popularity of Hot Pot as a social dining experience
- Rising disposable income among the middle-class population in developing countries
- Proliferation of digital media and social networking platforms that promote Hot Pot dining experiences
- Innovative product offerings by manufacturers to attract new consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot Pot Butter Market Research Report
By Type
Refined Butter, Unrefined Butter
By Application
Food Service, Retail, Other
By Companies
Guanghan City Medele Food, Sichuan Hangjia Biotechnology, Chongqing Muge Food, Chongqing Sanyi Food, Chongqing Shuike Food, Guanghan Weixiang Pure Food, Liu Weiwei Butter
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Hot Pot Butter Market Report Segments:
The global Hot Pot Butter market is segmented on the basis of:
Types
Refined Butter, Unrefined Butter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Service, Retail, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Guanghan City Medele Food
- Sichuan Hangjia Biotechnology
- Chongqing Muge Food
- Chongqing Sanyi Food
- Chongqing Shuike Food
- Guanghan Weixiang Pure Food
- Liu Weiwei Butter
Highlights of The Hot Pot Butter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Refined Butter
- Unrefined Butter
- By Application:
- Food Service
- Retail
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hot Pot Butter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hot Pot Butter is a type of butter that is melted and used in place of regular butter in hot pots or woks. It is made by slowly melting unsalted butter over low heat, then stirring until smooth.
Some of the major players in the hot pot butter market are Guanghan City Medele Food, Sichuan Hangjia Biotechnology, Chongqing Muge Food, Chongqing Sanyi Food, Chongqing Shuike Food, Guanghan Weixiang Pure Food, Liu Weiwei Butter.
The hot pot butter market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hot Pot Butter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hot Pot Butter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hot Pot Butter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hot Pot Butter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hot Pot Butter Market Size & Forecast, 2020-2028
4.5.1 Hot Pot Butter Market Size and Y-o-Y Growth
4.5.2 Hot Pot Butter Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Refined Butter
5.2.2 Unrefined Butter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food Service
6.2.2 Retail
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hot Pot Butter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hot Pot Butter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Refined Butter
9.6.2 Unrefined Butter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food Service
9.10.2 Retail
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Refined Butter
10.6.2 Unrefined Butter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food Service
10.10.2 Retail
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Refined Butter
11.6.2 Unrefined Butter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food Service
11.10.2 Retail
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Refined Butter
12.6.2 Unrefined Butter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food Service
12.10.2 Retail
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Refined Butter
13.6.2 Unrefined Butter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food Service
13.10.2 Retail
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hot Pot Butter Market: Competitive Dashboard
14.2 Global Hot Pot Butter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Guanghan City Medele Food
14.3.2 Sichuan Hangjia Biotechnology
14.3.3 Chongqing Muge Food
14.3.4 Chongqing Sanyi Food
14.3.5 Chongqing Shuike Food
14.3.6 Guanghan Weixiang Pure Food
14.3.7 Liu Weiwei Butter
