The North America Butter Blocks Market would witness market growth of 3.0% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 304.8 Kilo Tonnes, showcasing a growth of 9.6% (2020-2023).
Salted butter blocks represent a significant segment within the butter blocks market, catering to consumers who prefer the savory flavor profile and enhanced preservation properties of salted butter. These blocks typically contain a precise ratio of salt to butter, providing a balanced taste that complements a variety of culinary applications, from spreading on bread to baking and cooking. Salted butter blocks are favored by home cooks, professional chefs, and foodservice establishments alike for their versatility and flavor-enhancing qualities. Thus, US showcases 138.0 kilo tonnes of salted butter blocks consumption in the year 2023.
The US market dominated the North America Butter Blocks Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,788 million by 2031. The Canada market is experiencing a CAGR of 5.3% during (2024 - 2031). Additionally, The Mexico market would witness a CAGR of 4.4% during (2024 - 2031).
The market for butter blocks, which represents a sector devoted to the production, distribution, and consumption of butter in solid block or brick form, is an essential component of the dairy industry as a whole. With historical roots tracing centuries, butter has long been cherished as a fundamental ingredient in culinary traditions worldwide. However, the advent of butter blocks has revolutionized their availability, convenience, and versatility in modern kitchens. These solid blocks of butter, typically standardized in weight and shape, offer practicality and ease of use for commercial food manufacturers and home cooks.
In recent years, the butter blocks market has witnessed remarkable growth, driven by shifting consumer preferences towards minimally processed foods and the resurgence of traditional cooking methods. Butter blocks are celebrated for their rich flavor profile, creamy texture, and superior performance in various culinary applications. From baking flaky pastries to sautéing vegetables and spreading on toast, butter blocks play a versatile role in the kitchen, enhancing the taste and quality of various dishes. The huge production of butter exemplifies the higher demand for butter blocks.
E-commerce has transformed the retail sector in North America, with online shopping becoming increasingly popular among consumers. Prominent e-commerce platforms, including Amazon, Walmart, and eBay, exert considerable control over the digital retail sector by providing customers with an extensive assortment of merchandise and expedient shipping alternatives throughout the globe.
Canada's retail industry is another significant driver of North America's expanding demand for butter blocks. As per the Government of Canada’s data, Canada's total operating revenues reached $23.5 billion in 2021, increased from $20.1 billion in 2020. Hence, the butter blocks market will expand rapidly due to the expansion of the retail industry.
Free Valuable Insights: The Butter Blocks Market is Predict to reach USD 41.2 Billion by 2031, at a CAGR of 3.3%
Based on Type, the market is segmented into Salted, Unsalted, and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online Stores, and Departmental Stores. Based on Application, the market is segmented into Baking, Cooking, Spreading, and Flavoring. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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