The global Reduced Fat Butter Market achieved a size of USD 1.05 Billion in 2022, and it is projected to reach USD 1.55 Billion by 2032, with a robust compound annual growth rate (CAGR) of 5% anticipated during the forecast period.
The increasing demand for convenient food products and the growing necessity for easily prepared, ready-to-use food items play a pivotal role in propelling the market's revenue growth. Textured butter offers consumers the advantage of easy spreading on bread, toast, or crackers. It has become a preferred choice for households aiming to stock up on food items with extended shelf life.
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Top Profiled Companies:
- Kerry Group
- Fonterra Co-operative Group Limited
- FrieslandCampina
- Vitiva
- Cargill, Inc.
- Ornua Co-operative Limited
- Anchor Food Professionals
- AAK AB
- Eurial Ingredients & Nutrition
- Grassland Dairy Products, Inc.
Drivers of Reduced Fat Butter Market
- Health Consciousness: With an increasing focus on health and wellness, consumers are looking for healthier alternatives to traditional butter. Reduced-fat butter offers a lower calorie and fat content, making it an attractive option for those seeking to reduce their dietary fat intake.
- Weight Management: Many individuals are concerned about weight management and are actively seeking products that can help them control their calorie intake. Reduced-fat butter can be part of a balanced diet for those looking to manage their weight.
- Heart Health: Reduced-fat butter is often promoted as a heart-healthy option because it typically contains less saturated fat than regular butter. Consumers with concerns about cholesterol levels and cardiovascular health are more likely to opt for such products.
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Reduced Fat Butter Market Segmentation
Product Type Outlook:
- Salted
- Unsalted
- Flavored
- Others
Application Outlook:
- Bakery and Confectionery
- Dairy Products
- Snacks and Spreads
- Others
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