The United States leads global butter and ghee demand with 906 thousand metric tons, showcasing a robust 0.42% year-on-year increase in 2023. Notably, India exhibits the highest growth rate at 1.78%, while Russia and Iran see declines of -0.82% and -1.73% respectively. Overall, European countries like Germany and France remain top consumers, although variations exist, with France showing a 0.89% increase. Emerging markets such as Indonesia illustrate significant potential, with a 5.92% rise in demand.
Looking ahead, anticipated trends include growing demand in Asia-Pacific driven by urbanization and increased dairy consumption. Innovations in product offerings and health-conscious consumer preferences will shape the market dynamics.
Top countries in Butter and Ghee Demand by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 906 | 2023 | +0.67% | +0.42% | View data |
| 2 | 2 Germany | 522 | 2023 | +0.97% | +0.51% | View data |
| 3 | 3 France | 508 | 2023 | +0.79% | +0.89% | View data |
| 4 | 4 Russia | 335 | 2023 | -0.89% | -0.82% | View data |
| 5 | 5 China | 223 | 2023 | +0.9% | 0% | View data |
| 6 | 6 Iran | 186 | 2023 | -2.11% | -1.73% | View data |
| 7 | 7 India | 178 | 2023 | +1.71% | +1.78% | View data |
| 8 | 8 United Kingdom of Great Britain and Northern Ireland | 167 | 2023 | |||
| 9 | 9 Canada | 133 | 2023 | +1.53% | +1.58% | View data |
| 10 | 10 Australia | 132 | 2023 | +0.76% | +1.1% | View data |
