Market Overview:
The global reduced fat salted butter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the rising demand for healthy and nutritious food products across the globe. In addition, growing awareness about the health benefits of consuming reduced fat salted butter is also propelling the growth of this market. Based on type, non-spreadable segment accounted for a larger share in terms of value in 2017 and is projected to grow at a higher CAGR during the forecast period from 2018 to 2030. This can be attributed to its increasing demand in bakery items and confectioneries as compared with spreadable segment which is mainly used as an ingredient in cooking food items. Based on application, household use segment held majority share in 2017 and it is anticipated that it will continue its dominance throughout the forecast period from 2018 to 2030 owing increased adoption by consumers for preparing various dishes at home instead of eating out or ordering food delivery services.
Product Definition:
Reduced Fat Salted Butter is a type of butter that has had some of the fat removed, making it a lower-calorie option. It is often used in baking or cooking, as it still has the same flavor and texture as regular butter. Reduced Fat Salted Butter can also be used to spread on bread or toast, and is a healthier option than regular butter.
Spreadable:
The spreadable is a new term in the food industry and it means that the product can be eaten alone or used to make various foods. It has been around for quite some time but its usage was limited to only specific regions. The concept of spreadable came into existence when people realized that fat-free products are more popular among consumers than full-fat counterparts, thus leading to an increase in demand for spreadsable products across the globe.
Non-spreadable:
Non-spreadable is a thickening agent that prevents the butter from spreading in Reduced Fat Salted Butter. It also helps to increase the volume of the product and improve its texture. The most commonly used non-spreadable agents are egg yolk, cornstarch slurry, and potassium sorbate.
Application Insights:
Commercial use of the product was the largest application segment and accounted for over 70% of the global demand in 2017. The product is widely used in bakery products, confectionery, dairy products, processed meat and seafood as well as oils & fats. It is also used to prepare various cuisines due to its rich flavor and aroma properties.
The household use category reduced fat salted butter market is expected to witness significant growth over the forecast period owing to increasing awareness regarding a healthy lifestyle among consumers across regions coupled with rising disposable income levels in developing countries such as China, India & Brazil. In addition, growing preference for home-made food on account of hectic work schedules may drive consumption further upscaling opportunities for industry players operating in this space globally.
Regional Analysis:
Europe was the largest regional market for reduced fat salted butter with a revenue share of over 30% in 2017. The presence of numerous processing industries and availability of skilled labor are some major factors responsible for the growth in Europe. However, due to stringent regulations regarding artificial flavors and preservatives, as well as high demand for natural flavor products from consumers, manufacturers have been compelled to use alternative ingredients such as monosodium glutamate (MSG) or autolyzed yeast extract which is expected to hinder growth over the forecast period.
Asia Pacific is projected to be one of the fastest-growing markets at a CAGR exceeding 5% during the forecast period owing to increasing health consciousness among consumers coupled with rising disposable income levels in emerging economies including China and India. Moreover, increased consumption by commercial applications such as restaurants & hotels will also drive industry expansion over next eight years.
Growth Factors:
- Increasing demand for healthy and nutritious food products.
- Rising awareness about the health benefits of Reduced Fat Salted Butter among consumers.
- Growing demand for convenience foods due to busy lifestyles of consumers.
- Technological advancements in the food processing industry that help reduce fat content in butter without compromising on its taste and quality.
Scope Of The Report
Report Attributes
Report Details
Report Title
Reduced Fat Salted Butter Market Research Report
By Type
Spreadable, Non-spreadable
By Application
Household Use, Commercial Use
By Companies
Arla Foods, Finlandia Cheese, Inc, GCMMF, Land O'Lakes, Ornua Co-operative Limited, Rockview Farms, Saputo Inc., SAVENCIA SA, Unilever
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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Reduced Fat Salted Butter Market Report Segments:
The global Reduced Fat Salted Butter market is segmented on the basis of:
Types
Spreadable, Non-spreadable
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
Household Use, Commercial Use
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:
- Arla Foods
- Finlandia Cheese, Inc
- GCMMF
- Land O'Lakes
- Ornua Co-operative Limited
- Rockview Farms
- Saputo Inc.
- SAVENCIA SA
- Unilever
Highlights of The Reduced Fat Salted 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:
- Spreadable
- Non-spreadable
- By Application:
- Household Use
- Commercial Use
- 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 Reduced Fat Salted 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
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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?
Reduced fat salted butter is a type of unsalted butter that has been reduced in fat content.
Some of the major players in the reduced fat salted butter market are Arla Foods, Finlandia Cheese, Inc, GCMMF, Land O'Lakes, Ornua Co-operative Limited, Rockview Farms, Saputo Inc., SAVENCIA SA, Unilever.
The reduced fat salted butter market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Reduced Fat Salted 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 Reduced Fat Salted Butter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Reduced Fat Salted 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 Reduced Fat Salted 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 Reduced Fat Salted Butter Market Size & Forecast, 2020-2028
4.5.1 Reduced Fat Salted Butter Market Size and Y-o-Y Growth
4.5.2 Reduced Fat Salted 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 Spreadable
5.2.2 Non-spreadable
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 Household Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Reduced Fat Salted 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 Reduced Fat Salted 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 Spreadable
9.6.2 Non-spreadable
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 Household Use
9.10.2 Commercial Use
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 Spreadable
10.6.2 Non-spreadable
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 Household Use
10.10.2 Commercial Use
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 Spreadable
11.6.2 Non-spreadable
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 Household Use
11.10.2 Commercial Use
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 Spreadable
12.6.2 Non-spreadable
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 Household Use
12.10.2 Commercial Use
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 Spreadable
13.6.2 Non-spreadable
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 Household Use
13.10.2 Commercial Use
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 Reduced Fat Salted Butter Market: Competitive Dashboard
14.2 Global Reduced Fat Salted Butter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arla Foods
14.3.2 Finlandia Cheese, Inc
14.3.3 GCMMF
14.3.4 Land O'Lakes
14.3.5 Ornua Co-operative Limited
14.3.6 Rockview Farms
14.3.7 Saputo Inc.
14.3.8 SAVENCIA SA
14.3.9 Unilever
