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Global Irish Butter Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

FMCG | Upcoming Report | Sep 2024 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

Global Irish Butter Market Segmentation, By Product Type (Salted Butter, Unsalted Butter, Grass-Fed Butter, Organic Butter, Flavored Butter, Clarified Butter, and Others), Packaging Type (Sticks, Tubs, Blocks, Wrappers/Parchment, Bulk Packaging, and Others), Application (Food Service, Industrial, and Household), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online/E-commerce, and Others) – Industry Trends and Forecast to 2031.


Irish Butter Market Analysis

The global Irish butter market is witnessing strong growth, driven by increasing consumer demand for premium, natural, and grass-fed dairy products. Renowned for its rich flavor and high quality, Irish butter is gaining popularity across both retail and foodservice sectors, particularly in North America and Europe. The rise of health-conscious consumers and the growing trend toward clean-label and organic foods further bolster market expansion. However, challenges such as price volatility and competition from other premium butter brands exist. Despite this, the market benefits from Ireland’s strong dairy heritage and the global appeal of its butter.

Irish Butter Market Size

Global Irish butter Market size was valued at USD 922.1 Million in 2023 and is projected to reach USD 1,271.69 Million by 2031, with a CAGR of 4.9% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Irish Butter Market Trends

“Growing Demand for Grass-Fed and Organic Irish Butter”

A significant trend in the global Irish butter market is the rising consumer preference for grass-fed and organic butter, driven by increasing awareness of health benefits and sustainability. Grass-fed Irish butter is perceived as nutritionally superior, with higher levels of beneficial fatty acids, vitamins, and antioxidants. The global shift towards natural, minimally processed foods has amplified this demand, particularly in markets such as North America and Europe, where consumers are willing to pay a premium for quality. Additionally, the environmental and ethical appeal of grass-fed dairy production aligns with the growing interest in sustainable and eco-friendly food choices, further propelling the market for grass-fed and organic Irish butter.

Report Scope and Irish Butter Market Segmentation 

Report Metric

Details

Segments Covered

  • By Product Type: Salted Butter, Unsalted Butter, Grass-Fed Butter, Organic Butter, Flavored Butter, Clarified Butter, and Others
  • By Packaging Type: Sticks, Tubs, Blocks, Wrappers/Parchment, Bulk Packaging, and Others
  • By Application: Food Service, Industrial, and Household
  • By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online/E-commerce, and Others

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America

Key Market Players

Ornua Co-operative Limited (Ireland), Glenstal Foods (Ireland), Dairygold Co-Operative Society Limited (Ireland), Glanbia Ireland (Ireland), The Little Milk Company (Ireland), Arrabawn Co-operative Society (Ireland), Aurivo Co-operative Society Ltd (Ireland), Carbery Group (Ireland), Tipperary Co-operative Creamery Ltd. (Ireland), Lakeland Dairies Co-operative Society Ltd. (Ireland), Wexford Milk Producers (Ireland), North Cork Creameries (Ireland), Kerry Group Plc (Ireland), Clona Dairy Products Ltd. (Ireland), Coolhull Farm (Ireland), Bandon Co-op (Ireland), and Drinagh Co-operative Ltd. (Ireland)

Market Opportunities

  • Increased Consumer Interest in Artisanal and Natural Foods
  • Developing new product variants, such as flavored, organic, or spreadable Irish butter
  • Growth of E-commerce Channels

Value Added Data Infosets

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Irish Butter Market Definition

Irish butter is a premium dairy product made from the cream of grass-fed cows, predominantly sourced from Ireland's lush pastures. Known for its rich, creamy texture and distinct golden color, Irish butter is prized for its superior flavor, which is attributed to the high quality of the milk used in its production. It typically has a higher butterfat content compared to standard butter, enhancing its taste and cooking properties. Irish butter is often associated with artisanal and natural food categories, appealing to consumers who prioritize quality and authenticity in their dairy products.

Irish Butter Market Dynamics

Drivers  

  • Rising Demand for Premium Dairy Products

The global market for Irish butter is significantly propelled by the escalating demand for premium dairy products, particularly those perceived as natural and high-quality. Consumers are increasingly prioritizing butter made from grass-fed cows, known for its superior taste and nutritional profile. This shift towards premiumization is fueled by health-conscious consumers who are willing to invest in products that align with their lifestyle choices, such as organic and clean-label foods. As a result, the demand for Irish butter, a product synonymous with quality and artisanal craftsmanship, continues to grow, reinforcing its market position.

For instance,

  • In August 2024, according to the article published in Franchise India Holdings Ltd, Ethically-conscious consumers are choosing premium dairy brands for taste, perceived health benefits, and ethical practices, as they value the difference between organic and regular butter and the humane treatment of cows

Global Expansion of Irish Dairy Exports

The robust growth of Irish butter in international markets is driven by the strategic expansion of Irish dairy exports, supported by favorable trade policies and strong governmental backing. Ireland’s reputation for producing high-quality, grass-fed dairy products has facilitated its penetration into new markets, particularly in regions where premium and natural food products are in high demand. This global reach is further enhanced by effective marketing campaigns that emphasize the unique qualities of Irish butter, enabling it to capture a significant share in diverse markets. The continuous expansion of export channels ensures sustained market growth and increased brand visibility worldwide.

Opportunities

  • Increased Consumer Interest in Artisanal and Natural Foods

The growing consumer preference for artisanal and natural foods presents a lucrative opportunity for the Irish butter market. As more consumers seek out products that are minimally processed and made using traditional methods, Irish butter's reputation for being crafted from grass-fed cows in a pristine environment positions it favorably in the premium segment. This trend aligns with the broader movement toward clean-label and authentic food experiences, allowing Irish butter to appeal to discerning consumers who value quality and provenance. Capitalizing on this interest can further elevate the market presence of Irish butter in both established and emerging markets.

For instance,

  • In March 2024, according to the article published in Firstpost, Artisanal foods, handmade items created by food artisans using traditional methods, are gaining popularity in India due to customer demand for authentic, distinctive dining experiences. These foods prioritize traditional cooking techniques and ingredients, reflecting local culture and customs, and consumers are willing to pay a premium for handmade, one-of-a-kind items

Increasing Popularity of Online Retail Channels

The expansion of e-commerce channels offers a significant growth opportunity for the Irish butter market by facilitating broader consumer reach and enhanced market accessibility. The increasing adoption of online shopping platforms allows manufacturers to tap into new customer segments, including those in remote or underserved regions. Leveraging digital sales channels also enables targeted marketing strategies and streamlined distribution, optimizing supply chain efficiency. This shift towards online retail not only enhances brand visibility but also caters to the rising consumer preference for convenient and direct purchasing options, driving market growth.

Restraints/Challenges

  • Fluctuations in the price of dairy inputs

The Irish butter market is constrained by the price volatility of dairy products, which affects cost stability and profitability. Fluctuations in the prices of raw materials such as feed and energy, driven by global supply chain disruptions and climatic factors, can lead to unpredictable production costs. This volatility complicates pricing strategies and margin management for producers, impacting their ability to maintain consistent product pricing and profitability. Consequently, this challenge requires effective risk management and strategic pricing adjustments to navigate the uncertainties inherent in the dairy sector.

  • Limited Production Capacity

The Irish butter market faces challenges due to limited production capacity, which can restrict the ability to meet rising global demand. The reliance on grass-fed dairy farming, which is subject to seasonal variations and logistical constraints, often results in production bottlenecks. Additionally, scaling up operations to increase output involves substantial investment in facilities and technology, which may not be feasible for all producers. This constraint necessitates careful capacity planning and investment strategies to ensure the ability to efficiently supply growing markets without compromising quality.

 This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Irish Butter Market Scope

The market is segmented on the basis of product type, packaging type, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Salted Butter
  • Unsalted Butter
  • Grass-Fed Butter
  • Organic Butter
  • Flavored Butter
  • Clarified Butter
  • Others

Packaging Type

  • Sticks
  • Tubs
  • Blocks
  • Wrappers/parchment
  • Bulk Packaging
  • Others

Application

  • Food Service
  • Industrial
  • Household

Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online/E-commerce
  • Others

Irish Butter Market Regional Analysis

The market is analyzed and market size insights and trends are provided by country, product type, packaging type, application, and distribution channel as referenced above.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

Europe region is dominating the global Irish butter market. This dominance is due to its proximity to Ireland, strong cultural preference for dairy, and established distribution networks. The region benefits from high consumer awareness of Irish butter's quality and a well-developed retail and foodservice infrastructure that supports premium dairy products.

North America is experiencing the highest compound annual growth rate (CAGR) in the global irish butter market driven by increasing demand for premium, natural, and grass-fed dairy products. The region benefits from rising consumer health consciousness, a growing trend toward organic foods, and the expanding presence of Irish butter brands in retail and foodservice channels.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Irish Butter Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

  • Ornua Co-operative Limited (Ireland)
  • Glenstal Foods (Ireland)
  • Dairygold Co-Operative Society Limited (Ireland)
  • Glanbia Ireland (Ireland)
  • The Little Milk Company (Ireland)
  • Arrabawn Co-operative Society (Ireland)
  • Aurivo Co-operative Society Ltd (Ireland)
  • Carbery Group (Ireland)
  • Tipperary Co-operative Creamery Ltd. (Ireland)
  • Lakeland Dairies Co-operative Society Ltd. (Ireland)
  • Wexford Milk Producers (Ireland)
  • North Cork Creameries (Ireland)
  • Kerry Group Plc (Ireland)
  • Clona Dairy Products Ltd. (Ireland)
  • Coolhull Farm (Ireland)
  • Bandon Co-op (Ireland)
  • Drinagh Co-operative Ltd. (Ireland)

Latest Developments in Irish Butter Market

  • In March 2024, Ór-Real Irish Butter extended its product line as sales increased. Ór-Real Irish Butter is expanding its product line with two additional options: a smaller 227g bag and an unsalted variant to meet growing demand. The new pack sizes will provide consumers with an extra choice; the smaller 227g packets are more handy, especially for baking
  • In October 2023, Kerrygold expanded its product line with the debut of the Kerrygold Butter Stick. The new addition to the dairy aisle is ideal for chefs and bakers, given the new stick 25g marks on the box


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