Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Clarified Butter Market Size is Estimated to Grow from USD 2.5 Billion in 2023 to USD 5.17 Billion by 2033, Growing at a CAGR of 7.54% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Clarified Butter Market Size, Share, and COVID-19 Impact Analysis, By Product (Flavored and Conventional), By Application (B2B and B2C), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The market for clarified butter, sometimes referred to as ghee, which is used in baking, cooking, and other food preparation processes, is international. When water and milk particles are removed through heating, 99–100% pure fat is left behind in clarified butter. The primary factor driving this market's growth is young customers' growing propensity to purchase innovative products. Nutritious ingredients or novel flavors are added to these manufactured foods. Demand for this market is anticipated to be driven in the upcoming years by shifting customer behavior, evolving lifestyle choices, increased product portfolio offers, and expanding availability made possible by online platforms. Its higher burning point allows it to tolerate higher temperatures than ordinary butter, which makes cooking and food preparation easier. Significant advantages are provided by the product to nutrition, skin health, heart health, digestion, immunity, and brain health. Clarified butter is also the favored option for many consumers due to its negligible casein and lactose content. However, a major obstacle is the volatility of raw material prices, especially for milk fat, a crucial component of clarified butter.
The conventional segment held the largest share of 60.28% in 2023 and is estimated to grow at a CAGR of 5.78% throughout the projection period.
Based on the product, the global clarified butter market is categorized into flavored and conventional. Among these, the conventional segment held the largest share of 60.28% in 2023 and is estimated to grow at a CAGR of 5.78% throughout the projection period. This can be ascribed to its origins in traditional cooking methods, growing knowledge of the product's use in everyday meals and home cooking, preference for utilizing the unflavored varieties for unique flavors, and use as a superfood.
The B2C segment dominated the global clarified butter market share in 2023 and is estimated to grow at a CAGR of 6.29% throughout the projection period.
Based on the application, the global clarified butter market is classified into B2B and B2C. Among these, the B2C segment dominated the global clarified butter market share in 2023 and is estimated to grow at a CAGR of 6.29% throughout the projection period. This segment is expanding due to improved availability made possible by the increasing use of quick commerce platforms, a greater emphasis on efficient distribution by major corporations, and improved availability through a variety of points of sale, including supermarkets, grocery stores, specialty shops, dairies, and others.
The offline segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the global clarified butter market is divided into online and offline. Among these, the offline segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Increased distribution tactics, some businesses' emphasis on boosting client interactions and repurchases through improved accessibility and availability, and other reasons are responsible for this. Additionally, corporations and brands favor offline distribution, which enhances market penetration and brand visibility.
Asia Pacific is expected to hold the largest share of the global clarified butter market through the forecast period.
Asia Pacific is expected to hold the largest share of the global clarified butter market through the forecast period. The traditional importance of using ghee or clarified butter in cooking and related activities, rising demand from the food services sector, rising household cooking usage, and growing awareness of the product's health benefits are some of the reasons for this. Across nations such as China, India, and others, Asia Pacific boasts notable culinary traditions based on diverse cultures and cuisines.
North America is predicted to grow at the fastest CAGR of the global clarified butter market over the forecast period. The region's diverse population, the wide range of culinary customs and preferences that households and businesses follow, the growing awareness of the use of clarified butter in various cooking activities, and the easier accessibility made possible by distribution through supermarkets, grocery stores, convenience stores, etc.
Company Profiling
Major key players in the global clarified butter market include Amul (GCMMF), Nestlé, Britannia Industries, Almarai, Patanjali Ayurved Limited, Pure Indian Foods, Ancient Organics, GHEE EASY, Annapurna group and M/s Sundarbans Food Products (I) Pvt. Ltd., Haryana Dairy Development Cooperative Federation Limited., and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global clarified butter market based on the below-mentioned segments:
Global Clarified Butter Market, By Product
Global Clarified Butter Market, By Application
Global Clarified Butter Market, By Distribution Channel
Global Clarified Butter Market, By Regional Analysis
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