According to a new report, published by KBV research, The Global Butter Blocks Market size is expected to reach $41.2 billion by 2031, rising at a market growth of 3.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 2,487.5 Kilo Tonnes, experiencing a growth of 9.8% (2020-2023).
The Unsalted segment is capturing a CAGR of 3.7% during (2024 - 2031). Unsalted butter allows chefs and home cooks to tailor the flavor profile of their dishes precisely. Through commencing with an empty slate, individuals are able to incorporate salt in accordance with their personal gustatory inclinations and the specifications outlined in the recipe. Sweet and savory dishes can both benefit from unsalted butter's ability to impart a non-salty flavor. This versatility makes it a favorite among bakers, pastry chefs, and cooks who need flexibility in their culinary endeavors.
The Supermarkets & Hypermarkets segment is leading the Global Butter Blocks Market by Distribution Channel in 2023; thereby, achieving a market value of $14.1 billion by 2031. Butter blocks are readily available at hypermarkets and supermarkets in an extensive selection of brands, compositions, and price points. This extensive selection allows consumers to compare options and choose products that suit their preferences, dietary requirements, and budget.
The Cooking segment is registering a CAGR of 3.1% during (2024 - 2031). The cooking segment often prioritizes premium-quality ingredients for their culinary creations. Butter is suitable for various culinary applications, including pan-frying, roasting, grilling, sauce-making, and baking. Its versatility makes it a staple ingredient in many kitchens, where it can be used in savory dishes like meats and vegetables and in sweet treats. Both professional chefs and home cooks depend on butter for their recipes, as it contributes significantly to the final product's flavor, texture, and overall quality.
Full Report: https://www.kbvresearch.com/butter-blocks-market/
The Asia Pacific region dominated the Global Butter Blocks Market by Region in 2023; thereby, achieving a market value of $23.8 billion by 2031. The Europe region would witness a CAGR of 2.7% during (2024 - 2031). Additionally, The North America market is poised to grow at a CAGR of 3% during (2024 - 2031).
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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