The demand for butter and ghee in China is on an upward trend, with steady annual growth projected from 2024 to 2028. In 2023, the usage stood at approximately 222.8 thousand metric tons. From 2024 onward, the forecasted data indicates incremental increases each year, with year-on-year growth rates remaining modest, typically just above 0.6% per annum. Over the five-year period, the compound annual growth rate (CAGR) is expected to reflect consistency, suggesting stable market conditions and a steady rise in consumer demand.

Future trends to watch for include:

Rising health awareness and dietary shifts potentially influencing butter and ghee consumption patterns.
Economic factors and urbanization potentially driving increased demand in the processed food sector.
Regulatory changes and dairy import-export dynamics within China that could impact supply and pricing.