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Butter Market Share 2019 | Global Size, Industry Overview, Significant Growth, Emerging Trends, Key Player, Development Opportunities and Comprehensive Research Analysis- 2023

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Tejas Amale
Butter Market Share 2019 | Global Size, Industry Overview, Significant Growth, Emerging Trends, Key Player, Development Opportunities and Comprehensive Research Analysis- 2023

Mar 22, 2019 (AB Digital via COMTEX) -- The Global Butter Market is anticipated to observe a compound annual growth rate of 4.2% over the forecast period of 2017-2023, predicts Market Research Future (MRFR) in an in-depth study.

The Global Butter Market is growing in tandem with the global dairy industry and is expected to showcase noteworthy growth over the forecast period.

Butter is generally used as a condiment and used in a myriad of applications in the food industry and new use cases are being increasingly added every day which is the prime driver of the global butter market.

Moreover, developing economy and the growing trend of cross-region cuisines foster market growth.

Availability of butter in different flavors and also low-fat content butter to cater to the varying needs of consumers has contributed significantly to the global butter market.

Other factors contributing to the growth of the market include the rise in disposable income, especially in emerging economies and an increase in the trend of home baking which provides growth opportunities to the global butter market.

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