Butter - Cambodia | Statista Market Forecast

Revenue in the Butter market amounts to US$10.65m in 2024. The market is expected to grow annually by 5.62% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$7bn in 2024).
In relation to total population figures, per person revenues of US$0.62 are generated in 2024.
In the Butter market, volume is expected to amount to 998.60k kg by 2029. The Butter market is expected to show a volume growth of 3.2% in 2025.0.
The average volume per person in the Butter market is expected to amount to 0.05kg in 2024.

Definition:

Butter is a dairy product made up of several components, such as milk fat, milk proteins, and water. Butter contains a minimum of 80% fat and is widely used in baking and cooking, and as a flavor enhancer for a variety of dishes.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Salted butter
Unsalted butter
Cultured butter
Light butter
Flavored butter

Margarine
Vegetable oils
Other animal fats (e.g. lard)
Clarified butter (Ghee)
Peanut butter
Out-of-home consumption

The Butter Market in Cambodia has seen minimal growth, influenced by factors such as traditional cooking preferences, limited availability of premium products, and competition from cheaper alternatives in the Oils & Fats sector, which affects consumer choices.

Customer preferences: Consumers in Cambodia are gradually shifting towards healthier cooking options, leading to an increased interest in premium butter products that align with global wellness trends. As urbanization rises, younger demographics are becoming more adventurous in their culinary choices, seeking quality over quantity. Additionally, the influence of social media is fostering a culture of gourmet cooking at home, encouraging the exploration of new recipes that incorporate butter. This evolving lifestyle is challenging traditional preferences and creating opportunities for niche brands in the butter market.

Trends in the market: In Cambodia, the butter market is experiencing a notable shift as consumers increasingly prioritize healthier cooking options, leading to a surge in demand for premium butter products. Urbanization is driving a younger demographic to seek out gourmet cooking experiences, favoring quality and authenticity in their culinary choices. Furthermore, social media is playing a pivotal role, inspiring home cooks to experiment with butter in diverse recipes. This trend challenges traditional cooking preferences and presents new opportunities for niche brands, compelling industry stakeholders to adapt their strategies to cater to evolving consumer tastes and preferences.

Local special circumstances: In Cambodia, the butter market is shaped by a blend of cultural and geographical factors that set it apart from other regions. The country's rich agricultural landscape supports local dairy farming, fostering a growing awareness of farm-to-table practices. Additionally, traditional Cambodian cuisine often incorporates coconut oil, but as urban lifestyles evolve, there is a shift towards Western cooking methods, increasing the appeal of butter. Regulatory changes promoting food safety and quality are also enhancing consumer trust, paving the way for premium butter brands to thrive in this dynamic market.

Underlying macroeconomic factors: The Butter Market in Cambodia is significantly influenced by macroeconomic factors such as the country’s economic growth, urbanization trends, and changing consumer preferences. As Cambodia's economy steadily expands, increasing disposable incomes enable consumers to explore diverse dietary options, including premium butter products. Urbanization is driving a shift towards Western culinary practices, further boosting butter demand. Additionally, supportive fiscal policies aimed at enhancing agricultural productivity and food safety are fostering a conducive environment for local dairy farmers. Global trends, including rising health consciousness and the demand for natural fats, also play a crucial role in shaping the butter market landscape.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.