Reduced Fat Butter Market Share, Size, Growth, Demands, Revenue, Top Leaders And Growth Rate
The reduced fat butter market is expected to witness a CAGR of 6.2% and reach a valuation of US$ 2.37 billion by 2032. Presently, in 2022, reduced fat butter market size is US$ 1.3 billion.
People have now understood the advantages of consuming a low-fat diet and avoiding the excess energy that gets converted to fat depositions in the body. These factors are expected to positively impact the sales of reduced fat butter during the assessment period.
Consumers are more aware of what goes into producing food products, and carefully choose products that provide health benefits in addition to good taste. Companies are investing in developing butter substitutes that have low-fat content, due to which organic reduced fat butter is in high demand.
Owing to this reason, demand for reduced fat butter, which does not contain dietary cholesterol and can be used in wide end-use applications like baking cakes, crusts, deserts and vegetables for daily consumption, is expected to surge. This enhances the demand for reduced fat butter in hotels, restaurants and caterings.
Changes in dietary habits, like reduction in consumption of unhealthy fats to boost the immunity against infections, are expected to increase the sales of reduced fat butter in the North America market.
Asia Pacific is expected to generate many opportunities for the reduced fat butter market during the assessment year, due to rising awareness of healthy food alternatives among people.
Key Takeaways from Market Study
The reduced fat butter market is expected to reach US$ 2.37 billion by 2032, with the projected CAGR of 6.2%.
Through 2032, the reduced fat butter market in North America and Europe is predicted to grow at CAGRs of 5.7% and 6.2%, respectively.
Reduced fat butter market share in Latin America and Oceania is 5.4% and 6.2%, respectively, in 2022.
The European reduced fat butter market is expected to reach US$ 286 Mn.
Growing customer preference for healthy and nourishing food products is driving sales of the reduced fat butter market across global markets.
By application, the food industry holds the highest reduced fat butter market share and is expected to increase at a CAGR of 6.5%.
“Manufacturers of reduced fat butter would gain significant profits by targeting the food & beverage industry. Consumer preference for healthy snacking is expected to impact demand for reduced fat butter across the globe,” says a Future Market Insights analyst.
Competitive Landscape
Key manufacturers of reduced fat butter are majorly focusing on research & development to offer different varieties of low fat butter. These manufacturers lay special emphasis on labeling and packaging. Key players offer products that are organically sourced and non-GMO certified.
Some of the major key players in the reduced fat butter market are Palsgaard Agral S.A., Ornua Co-operative Limited, Upfield, Finlandia Cheese, Inc., Saputo Dairy Australia Pty Ltd, Kerry Gold, Land O'Lakes, Arla Foods, Lam Soon Group, Aurivo Co-operative Society Ltd, Rockview Farms.
Ø Land O Lakes offers Light Butter made with canola oil that has 50% less fat and calories. This butter is soft and has low cholesterol as compared to regular butter, and can be used directly out of the refrigerator.
Ø Arla introduced its new product innovation after years of research in response to consumer perception that light products are unnatural. Its lighter range of block butter. It contains 25% less fat and it is sourced from 3 natural ingredients: butter, water, and salt.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global reduced fat butter market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on Form (Spreadable, Non-spreadable), Fat Content (15-40% fat content, 41-60% fat content), End-Use Application (Household, Foodservice, Food Industry), Packaging (Plastic Tubs, Carton Packs, Bulk), Sales Channel (Offline Sales Channel-Supermarkets/Hypermarkets, Departmental Stores, Convenience Store, Other Sales Channel, Online Sales Channel-Company Website, E-commerce Platform), Region (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA).
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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