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World - Butter And Ghee - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 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.

Butter and Ghee - World's Largest Markets

RatingCountry
1India
2Pakistan
3United States
4France
5Germany

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

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Ireland594847573851-19.5%
United Kingdom588647543943-18.2%
Poland562345203964-16.0%
Finland530853864198-11.1%
Netherlands602148954258-15.9%
Germany601549134296-15.5%
New Zealand569749614448-11.6%
Belgium648452134522-16.5%
Belarus4510555146191.2%
Denmark670755445336-10.8%
France639761695771-5.0%
Average574349844377-12.7%

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

COUNTRY201820192020CAGR,
2018-2020
USD per ton
China614854615003-9.8%
Australia558949404770-7.6%
Egypt514848344648-5.0%
Italy660751614513-17.4%
Russia477153514500-2.9%
United States821559894294-27.7%
Belgium625048524157-18.4%
Germany588249864153-16.0%
France623548574133-18.6%
United Kingdom586948593931-18.2%
Netherlands508543593847-13.0%
Iran400724072279-24.6%
Average574449564354-12.9%

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

COUNTRY201820192020CAGR,
2018-2020
billion USD
France1.310.8-20.7%
Germany10.80.8-9.4%
Netherlands0.90.70.6-17.5%
Russia0.40.60.618.7%
China0.70.50.6-10.8%

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

COUNTRY201820192020CAGR,
2018-2020
billion USD
New Zealand2.62.31.9-14.9%
Netherlands1.81.51.4-12.2%
Ireland1.41.31.2-7.6%
Belgium10.80.7-14.1%
Germany0.90.80.7-11.3%

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 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. 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. 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. 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

  12. 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

  13. 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
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Blog
Event
Which Country Consumes the Most Butter and Ghee in the World?
Feb 9, 2018
Eye 7541

Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
Which Country Exports the Most Butter and Ghee in the World?
Feb 1, 2018
Eye 2723

Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
Which Country Imports the Most Butter and Ghee in the World?
Jan 18, 2018
Eye 6206

Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level. 
Which Country Produces the Most Butter and Ghee in the World?
Nov 17, 2017
Eye 6657

In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
New Zealand to Benefit from Rising Butter Exports
Jun 23, 2017
Eye 976

The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
Global Butter and Ghee Market to Continue Measured Growth through 2025
Apr 25, 2017
Eye 2725

The market of butter and ghee fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015. Over the last year, the market dropped by X% in value terms. 
Ghee Market - New Zealand’s Butter and Ghee Exports Showed 18% Growth in 2014
Oct 22, 2015
Eye 1704

New Zealand seized control of the butter and ghee market. In 2014, New Zealand exported X thousand tons of butter and ghee totaling X USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total but
Ghee Market - New Zealand’s Ghee Exports Increased by 18% in 2014
Oct 20, 2015
Eye 1518

New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
Global Butter Market to Keep Robust This Year, with Rising U.S. Supplies to Offset Subdued EU and New Zealand’s Exports
Jul 30, 2021
Eye 800

This year global butter production is anticipated to keep up with ha last year, amounting to 5.6M tons. The EU is forecast to decrease butter exports due to a slight drop in production amid an increase in demand. Butter exports from New Zealand are not forecast to grow due to increased competition with UHT cream for food service being increasingly in demand.
Butter Market - New Zealand Strengthened Leadership in Global Butter Supplies
Oct 26, 2016
Eye 1956

The global trade in butter amounted to X million USD in 2015, fluctuating wildly over the period under review. A significant drop in 2009 was followed by a recovery over the next two years, until exports decreased again
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