Reduced fat butter has low fat & calories content and is rich in nutrients. Thus, it is very useful for the health conscious consumers who do not get time to maintain their exercise routine. This fact is likely to drive the growth of the reduced fat butter market. Moreover, number of fast food chains are promoting and adding foods that are prepared with reduced fat butter in their menus has increases the awareness about the reduced fat butter among consumers, which has fuel the growth of the reduced fat butter market.
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The global reduced fat butter market is segmented based on form, type, application, end user, distribution channel, and region. Based on form, the market is divided into spreadable and non-spreadable. By type, it is bifurcated into salted and unsalted. By application, it is classified into household use and commercial use. By end user, it is classified into household, food service, and food industry. By distribution channel, it is divided as direct and indirect channels, which is further classified into hypermarkets, supermarkets, discount stores, convenience store, mom & pop shops, and others. By region, the reduced fat butter market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the prominent key players include Kerry gold, Land O’Lakes, Arla Foods, Lam soon Group, Agral S.A, Upfield, Finlandia Cheese Inc., Aurivo Co-operative Society Ltd., Rockview Farms, and Saputo Dairy Australia PTY Ltd.
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However, the available substitutes of reduced fat butter such as olive oil, coconut spread, and avocado spreads that has creamy texture & taste and offer more health benefits than reduced fat butter is anticipated to restrain the growth of the reduced fat butter market in the upcoming years. Nevertheless, use of reduced fat butter as a part of a balanced diet instead of conventional butter is expected to propel the growth of reduced fat butter. In addition, use of reduced fat butter in food industry for giving flavor & preparing a healthy snack is expected to fuel the demand for reduced fat butter in the forthcoming years.
Key Benefits of the Report:
- This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global reduced fat butter market to identify the prevailing market opportunities.
- The key countries in all the major regions are mapped based on their market share.
- Porter’s five forces analysis highlights the potency of the buyers and the suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.
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