Report Overview

The Australia butter market is estimated to be valued at AUD 1159.45 million in 2023. It is expected to grow at a CAGR of 4.67 % between 2024 and 2032 to reach almost AUD 1748.45 million by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • According to ABS data, butter constituted 5.6% of the total contribution to saturated fat during 2022-2023.
  • According to DAFF, 8.8 billion litres of milk was produced in Australia during 2022-2023.
  • The penetration of organic butter is rising at a significant pace in Australia.

Australia Butter Market Growth

Compound Annual Growth Rate

Value in AUD million

4.67%

2024-2032


Australia Butter Market Outlook

*this image is indicative*

Butter provides essential nutrients such as vitamins A, D, E, and K2, and healthy fats crucial for brain function, energy metabolism, and satiety, thus these benefits have increased the Australia butter market growth. It enhances culinary offerings with rich flavour and texture, delivers antioxidants for cell protection, and contributes to hormone production and skin health.

Australia Butter Market Report

The butter market consists of various distribution channels including supermarkets and hypermarkets, convenience stores, online, and others. Online platforms offer consumers convenient access to a wide variety of butter products from different brands without the need to visit physical stores. This convenience appeals to busy consumers who prefer shopping from home or on the go. Supermarkets and hypermarkets leverage seasonal and promotional campaigns to boost butter sales in Australia. Special promotions during holidays, cooking events, or local food festivals drive consumer interest and increase sales volume, adding to the overall Australia butter market revenue.

Australia Butter Market Summary Description Value
Base Year AUD Million 2023
Historical period AUD Million 2018-2023
Forecast Period AUD Million 2024-2032
Market Size 2023 AUD Million 1,159.5
Market Size 2032 AUD Million 1,748.4
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 4.7%
CAGR 2024-2032 - Market by Region New South Wales 5.3%
CAGR 2024-2032 - Market by Region Western Australia 4.4%
CAGR 2024-2032 - Market by Type Cultured Butter 5.3%
CAGR 2024-2032 - Market by Distribution Channel Supermarkets and Hypermarkets 5.1%
Market Share by Region Western Australia 13.1%

According to USDA FAS, the milk production in 2022 was estimated to be 8.55 million metric tons. Further, the Australia butter market developments are guided by rising innovations in flavoured butter, such as garlic, herb-infused, or gourmet varieties, further catering to culinary enthusiasts seeking enhanced flavours for cooking and spreading. Moreover, consumers are increasingly drawn to butter brands that prioritise sustainable farming practices, animal welfare, and ethical sourcing. Brands that support fair trade principles or use environmentally friendly packaging resonate with eco-conscious consumers, leading to an increase in Australia butter demand growth.

Australia Butter Market Segmentation

Australia Butter Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Cultured Butter
  • Whipped Butter
  • Salted Butter
  • Uncultured Butter
  • Others

Market Breakup by Nature

  • Organic
  • Conventional

Market Breakup by Form

  • Spreadable
  • Non-Spreadable

Market Breakup by Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online
  • Others

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others

Australia Butter Market Share

Organic butter holds a major share of the Australia butter market due to consumer preferences for health, sustainability, animal welfare, quality, certification assurance, packaging practices, market accessibility, regulatory support, educational campaigns, and lifestyle choices.

CAGR 2024-2032 - Market by Region
New South Wales 5.3%
Western Australia 4.4%
Australian Capital Territory 4.2%
Victoria XX%
Queensland XX%
Others XX%

Leading companies in the Australia butter market 

The growth of the butter market is fueled by trends towards health and wellness, flavoured and speciality products, dairy-free alternatives, sustainability, convenience, online retail growth, innovative packaging, functional ingredients, transparency, and culinary preferences.

  • Richmond Dairies Pty Ltd.
  • Arla Foods amba (Lupak)
  • Saputo Dairy Australia Pty Ltd.
  • Ballantyne
  • Fonterra Brands (Australia) Pty Ltd.
  • Bega Cheese Limited
  • Crumble Pty Ltd. (Pepe Saya)

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is estimated to be valued at AUD 1159.45 million in 2023.

The market is projected to grow at a CAGR of 4.67% between 2024 and 2032.

The revenue generated from the butter market is expected to reach AUD 1748.45 million in 2032.

Based on the type, the butter market is bifurcated into cultured butter, salted butter, whipped butter, uncultured butter, and others.

Key players in the butter industry are Richmond Dairies Pty Ltd., Arla Foods amba (Lupak), Saputo Dairy Australia Pty Ltd., Ballantyne, Fonterra Brands (Australia) Pty Ltd., Bega Cheese Limited, and Crumble Pty Ltd. (Pepe Saya), among others.

Based on nature, the butter market is divided into organic and conventional.

Based on form, the butter market is divided into spreadable and non-spreadable.

The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

Report Features Details
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Nature
  • Form
  • Distribution Channel
  • Region
Breakup by Type
  • Cultured Butter
  • Whipped Butter
  • Salted Butter
  • Uncultured Butter
  • Others
Breakup by Nature
  • Organic
  • Conventional
Breakup by Form
  • Spreadable
  • Non-Spreadable
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online
  • Others
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australia Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Price Analysis:
  • Historical Price Trends
  • Forecast Price Trends
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Richmond Dairies Pty Ltd.
  • Arla Foods amba (Lupak)
  • Saputo Dairy Australia Pty Ltd.
  • Ballantyne
  • Fonterra Brands (Australia) Pty Ltd.
  • Bega Cheese Limited
  • Crumble Pty Ltd. (Pepe Saya)

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