Report Update: Apr 1, 2024

World - Butter And Ghee - Market Analysis, Forecast, Size, Trends and Insights

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Butter and Ghee Market

Butter and ghee market: read recently published statistics featured by an Ai-driven market intelligence platform. Data contain market size, exports, production, companies, imports, consumption, market prices, and trade. Here is a breakdown by country, including EU, the U.K., Latin America, the U.S., Africa, China, the Middle East, and Russia. Market dynamics and forecast to 2030 are also featured in the dashboards.

Get FREE access to the latest REPORT on the Butter and Ghee Market. Make informed decisions with market maps on the DASHBOARD. Download datasets on the TABLE page.

Butter and Ghee - World's Largest Markets

Rating	Country
1	India
2	Pakistan
3	United States
4	France
5	Germany

In value terms, India led the market, alone. The second position in the ranking was occupied by Pakistan. It was followed by the United States.

From 2018 to 2020, the average annual rate of growth in terms of value in India totaled +6.2%. The remaining consuming countries recorded the following average annual rates of market growth: Pakistan (+17.2% per year) and the United States (-8.0% per year).

Butter And Ghee Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Ireland	5948	4757	3851	-19.5%
United Kingdom	5886	4754	3943	-18.2%
Poland	5623	4520	3964	-16.0%
Finland	5308	5386	4198	-11.1%
Netherlands	6021	4895	4258	-15.9%
Germany	6015	4913	4296	-15.5%
New Zealand	5697	4961	4448	-11.6%
Belgium	6484	5213	4522	-16.5%
Belarus	4510	5551	4619	1.2%
Denmark	6707	5544	5336	-10.8%
France	6397	6169	5771	-5.0%
Average	5743	4984	4377	-12.7%

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in France ($5,771 per ton) and Denmark ($5,336 per ton), while Ireland ($3,851 per ton) and the UK ($3,943 per ton) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belarus, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
China	6148	5461	5003	-9.8%
Australia	5589	4940	4770	-7.6%
Egypt	5148	4834	4648	-5.0%
Italy	6607	5161	4513	-17.4%
Russia	4771	5351	4500	-2.9%
United States	8215	5989	4294	-27.7%
Belgium	6250	4852	4157	-18.4%
Germany	5882	4986	4153	-16.0%
France	6235	4857	4133	-18.6%
United Kingdom	5869	4859	3931	-18.2%
Netherlands	5085	4359	3847	-13.0%
Iran	4007	2407	2279	-24.6%
Average	5744	4956	4354	-12.9%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was China ($5,003 per ton), while Iran ($2,279 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the other global leaders experienced a decline in the import price figures.

Butter and Ghee - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
France	1.3	1	0.8	-20.7%
Germany	1	0.8	0.8	-9.4%
Netherlands	0.9	0.7	0.6	-17.5%
Russia	0.4	0.6	0.6	18.7%
China	0.7	0.5	0.6	-10.8%

In value terms, the largest butter and ghee importing markets worldwide were France ($828M), Germany ($798M) and the Netherlands ($610M), with a combined 26% share of global imports. These countries were followed by Russia, China, Belgium, the United States, the UK, Italy, Australia, Egypt and Iran, which together accounted for a further 36%.

Among the main importing countries, Russia saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Butter and Ghee - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
New Zealand	2.6	2.3	1.9	-14.9%
Netherlands	1.8	1.5	1.4	-12.2%
Ireland	1.4	1.3	1.2	-7.6%
Belgium	1	0.8	0.7	-14.1%
Germany	0.9	0.8	0.7	-11.3%

In value terms, New Zealand ($1.9B), the Netherlands ($1.4B) and Ireland ($1.2B) appeared to be the countries with the highest levels of exports in 2020, together accounting for 51% of global exports. These countries were followed by Belgium, Germany, France, Belarus, Denmark, the UK, Poland and Finland, which together accounted for a further 37%.

Belarus recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Butter and Ghee - Market Forecast

Driven by increasing demand for butter and ghee worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Butter and Ghee - Top Companies

Arla Foods A.m.b.a, Bunge Alimentos S/A, GOLDEN AGRI-RESOURCES LTD, KANEKA CORPORATION, KUALA LUMPUR KEPONG BERHAD, Bunge Deutschland GmbH, GRAINCORP OILS HOLDINGS PTY LTD, GRAINCORP FOODS AUSTRALIA PTY LTD, ADANI WILMAR LIMITED, SAIPOL, Cargill NV, NISSHIN OILLIO GROUP, LTD., THE, RUCHI SOYA INDUSTRIES LIMITED, SINAR MAS AGRO RESOURCES AND TECHNOLOGY, PT TBK, Ventura Foods, LLC, CARGILL FRANCE, EPKO OIL SEED CRUSHING (PTY) LTD, BUNGE IBERICA SA, NESTLE UK LTD., PERKEBUNAN NUSANTARA XIII, PT

Butter and Ghee - Product Coverage

HS 040510 - Dairy produce; derived from milk, butter
HS 040520 - Dairy produce; dairy spreads
HS 040590 - Dairy produce; fats and oils derived from milk (other than butter or dairy spreads)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global butter and ghee market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 983 - Butter and Ghee of Sheep Milk
FCL 1022 - Butter of Goat Milk
FCL 952 - Butter of Buffalo Milk
FCL 886 - Butter of Cow Milk
FCL 887 - Ghee from Cow Milk
FCL 953 - Ghee, from Buffalo Milk

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023