According to the latest report by IMARC Group, titled “Indian Table Butter Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” provides an extensive analysis of the industry, including table butter market outlook in India, size, share, trends, and business opportunities. The report also covers competitor and regional analysis and the latest advancements in the market. The table butter market in India size reached INR 64.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 186.9 Billion by 2028, exhibiting a growth rate (CAGR) of 20.2% during 2023-2028.
Indian Table Butter Market Overview:
Table butter, also known as butter, is a dairy product made from milk or cream's fat components that predominantly consists of milk fat, water, and milk solids. It serves as a versatile ingredient in cooking, baking, and spreading on bread and toast. Butter is characterized by smooth and creamy texture, a rich and distinct flavor with a slight sweetness, a low melting point enabling quick melting for enhancing the taste of dishes, and a pale yellow color. Some of the advantages provided by butter include flavor enhancement, versatility in sweet and savory recipes, and nutritional value with essential nutrients and healthy fats.
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Indian Table Butter Market Trends:
The market in India is primarily driven by the augmenting demand for premium and high-quality food products among the masses. This can be attributed to the inflating disposable income levels of the population. In line with this, the rapid shift in Indian food habits due to the growing influence of Western culture is resulting in the widespread adoption of table butter as a cooking ingredient as well as a ready-to-eat food product. Furthermore, considerable growth in the foodservice industry along with the flourishing hospitality industry is propelling the product demand. Some of the other factors contributing to the market include the growing health consciousness among individuals, introduction of improved product variants, such as flavored butters and organic butters, and favorable government initiatives supporting the dairy industry.
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Key Market Segmentation:
Sector Insights:
- Retail Sector
- Institutional Sector
Breakup by Region:
- Karnataka
- Maharashtra
- Tamil Nadu
- Delhi
- Gujarat
- Andhra Pradesh and Telangana
- Uttar Pradesh
- West Bengal
- Kerala
- Haryana
- Punjab
- Rajasthan
- Madhya Pradesh
- Bihar
- Orissa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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