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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Butter Market within the Oils & Fats sector in Eastern Africa is experiencing subdued growth, influenced by factors such as fluctuating dairy prices, limited consumer awareness, and competition from alternative spreads that offer lower costs and longer shelf life.
Customer preferences: In Eastern Africa, consumer preferences in the Butter Market are shifting towards healthier and more natural options as awareness of nutrition grows. Younger demographics are increasingly inclined to seek organic and locally sourced butter, driven by a desire for quality and sustainability. Additionally, the rise of urbanization is fostering a demand for convenient, ready-to-use products that align with busy lifestyles. This trend is further influenced by cultural movements that celebrate traditional cooking methods, prompting a revival of interest in artisanal butter.
Trends in the market: In Eastern Africa, the Butter Market is experiencing a notable transition toward healthier and more natural products, reflecting a broader shift in dietary preferences among consumers. The demand for organic and locally sourced butter is on the rise, particularly among younger demographics who prioritize quality and sustainability. Urbanization is further driving the need for convenient, ready-to-use butter options that cater to fast-paced lifestyles. This trend not only highlights a growing awareness of nutrition but also encourages a revival of artisanal butter-making practices, presenting unique opportunities for industry stakeholders to innovate and connect with health-conscious consumers.
Local special circumstances: In Eastern Africa, the Butter Market is shaped by a rich tapestry of cultural practices and local agricultural conditions. Traditional dairy farming, particularly among pastoral communities, influences butter production methods, promoting the use of indigenous techniques that enhance flavor and authenticity. Additionally, regulatory frameworks supporting organic farming are gaining traction, encouraging sustainable practices. The region's diverse culinary traditions create a unique demand for butter varieties that resonate with local tastes, fostering innovation among producers while appealing to health-conscious consumers seeking natural ingredients.
Underlying macroeconomic factors: The Butter Market in Eastern Africa is significantly influenced by macroeconomic factors such as agricultural policies, trade dynamics, and economic growth rates. Positive national economic health, marked by rising incomes and urbanization, boosts consumer spending on dairy products, creating a larger market for butter. Additionally, global trends toward healthier eating and natural products enhance local demand, prompting producers to innovate. Trade agreements and reduced tariffs on dairy imports can further shape market accessibility, while inflation rates and currency stability impact production costs and pricing strategies, ultimately affecting market performance.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights