Butter - Eastern Europe | Statista Market Forecast

Revenue in the Butter market amounts to US$3.46bn in 2024. The market is expected to grow annually by 7.90% (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$14.56 are generated in 2024.
In the Butter market, volume is expected to amount to 263.30m kg by 2029. The Butter market is expected to show a volume growth of 2.1% in 2025.0.
The average volume per person in the Butter market is expected to amount to 0.95kg 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 Eastern Europe is witnessing minimal growth, influenced by factors such as changing consumer preferences, competition from margarine, and economic challenges affecting disposable income, which limits the demand for premium dairy products.

Customer preferences: Consumers in Eastern Europe are increasingly gravitating towards plant-based alternatives, driven by health consciousness and sustainability concerns, which is impacting the butter market significantly. There is a notable rise in demand for vegan spreads and dairy-free options, particularly among younger demographics who prioritize ethical consumption. Additionally, traditional culinary practices are being adapted to incorporate healthier fats, leading to innovative product formulations. This shift reflects a broader trend towards wellness and environmental awareness, reshaping the landscape of the oils and fats market.

Trends in the market: In Eastern Europe, the butter market is experiencing a significant shift as consumers increasingly favor plant-based alternatives, influenced by heightened health awareness and sustainability priorities. The demand for vegan spreads and dairy-free products is particularly strong among younger consumers who value ethical consumption. This trend is prompting traditional recipes to evolve, integrating healthier fats and leading to innovative product developments. As a result, industry stakeholders must adapt to these consumer preferences, potentially reshaping product lines and marketing strategies to align with the growing emphasis on wellness and environmental responsibility.

Local special circumstances: In Eastern Europe, the butter market is heavily influenced by traditional culinary practices and regional preferences, with countries like Poland and Hungary valuing rich dairy flavors. However, rising health consciousness and environmental concerns are prompting a shift towards plant-based alternatives, particularly in urban areas. Local regulations promoting sustainable agriculture are also fostering the growth of vegan spreads. Additionally, cultural events and festivals increasingly showcase plant-based options, aligning with the demand for ethical consumerism among younger populations. This blend of tradition and innovation is reshaping the market landscape.

Underlying macroeconomic factors: The Butter Market within the Oils & Fats sector in Eastern Europe is shaped by several macroeconomic factors, including fluctuating dairy prices, trade policies, and demographic shifts. Economic stability in key countries like Poland and Hungary supports consumer spending, while inflationary pressures may impact butter affordability. Additionally, government incentives for sustainable farming practices enhance the appeal of local dairy products. Global trends toward healthier eating and environmental sustainability further drive demand for plant-based alternatives. These dynamics are influencing production strategies and consumption patterns, as both traditional and innovative products vie for market share.

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.