Butter - Czechia | Statista Market Forecast

Revenue in the Butter market amounts to US$182.50m in 2024. The market is expected to grow annually by 3.23% (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$17.38 are generated in 2024.
In the Butter market, volume is expected to amount to 16.29m kg by 2029. The Butter market is expected to show a volume growth of 1.6% in 2025.0.
The average volume per person in the Butter market is expected to amount to 1.48kg 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 within the Oils & Fats sector in Czechia has seen negligible growth, influenced by factors such as changing consumer preferences, the rise of plant-based alternatives, and fluctuating dairy prices impacting overall demand.

Customer preferences: In Czechia, there is a notable shift towards health-conscious eating, with consumers increasingly favoring low-fat and plant-based spreads over traditional butter. This trend is influenced by a growing awareness of dietary health and the impact of saturated fats. Additionally, younger demographics are more inclined to explore vegan alternatives, reflecting a broader cultural movement towards sustainability and animal welfare. As a result, traditional butter consumption is declining, prompting brands to innovate and diversify their product offerings to cater to these evolving preferences.

Trends in the market: In Czechia, the Butter Market is experiencing a significant transformation as consumers increasingly gravitate towards healthier options, leading to a decline in traditional butter consumption. This shift is largely driven by heightened awareness of health implications associated with saturated fats, prompting a preference for low-fat and plant-based spreads. The market is seeing innovations in vegan alternatives, catering to younger demographics who prioritize sustainability and animal welfare. For industry stakeholders, adapting to these trends is crucial; failure to do so could result in diminished market share and relevance in a rapidly evolving food landscape.

Local special circumstances: In Czechia, the Butter Market is influenced by a strong tradition of dairy consumption, yet faces a distinct shift towards healthier alternatives. The country's geographical diversity supports local dairy production, but rising health consciousness is steering consumers away from traditional butter. Cultural preferences for regional spreads are being challenged by the growing acceptance of plant-based options. Regulatory factors, including EU health guidelines and food labeling requirements, further shape consumer choices, compelling manufacturers to innovate and adapt to these evolving preferences in a competitive landscape.

Underlying macroeconomic factors: The Butter Market in Czechia is shaped by several macroeconomic factors, including national economic health and global market trends. The country's stable economic growth and rising disposable incomes enhance consumer purchasing power, allowing for greater spending on premium dairy products. However, inflationary pressures and fluctuating dairy prices due to global supply chain disruptions may challenge affordability. Additionally, the shift towards healthier eating habits, influenced by international trends, compels consumers to seek alternatives. Fiscal policies promoting sustainable agricultural practices and supporting local dairy farms further impact market dynamics, encouraging innovation and adaptation to evolving consumer preferences.

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.