In 2023, the United States emerged as the leader in butter and ghee volume consumption at 786.0 thousand metric tons, marking a slight year-on-year increase of 0.46%. Germany and France followed with volumes of 522.0 and 495.0 thousand metric tons respectively, both showing positive growth trends. Significant increases were observed in emerging markets, such as India and Indonesia, which grew by 1.68% and 5.92% respectively. On the contrary, traditional markets like Russia and Iran witnessed declines of -0.82% and -1.73% respectively. Other notable year-on-year changes included substantial growth in South Africa (2.48%) and slight contractions in key markets like Italy (-0.92%) and Japan (-0.26%).
Looking forward, future trends to watch in the global butter and ghee market include the rising demand in emerging markets driven by population growth and changing dietary habits, increased health consciousness promoting the consumption of ghee, and the impact of climate change on dairy production. The market can expect continued innovation in product diversification and sustainable practices which may significantly alter supply chains and production capacities.
Top countries in Butter and Ghee Market Size Volume by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 786 | 2023 | +0.64% | +0.46% | View data |
| 2 | 2 Germany | 522 | 2023 | +0.97% | +0.51% | View data |
| 3 | 3 France | 495 | 2023 | +0.61% | +0.87% | View data |
| 4 | 4 Russia | 335 | 2023 | -0.89% | -0.82% | View data |
| 5 | 5 China | 222 | 2018 | View data | ||
| 6 | 6 Iran | 186 | 2023 | -2.11% | -1.73% | View data |
| 7 | 7 India | 175 | 2023 | +1.16% | +1.68% | 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 Poland | 118 | 2023 | -1.67% | -1.3% | View data |
