$46.8 billion is the projected butter market size in 2023 and by 2030, experts expect a $67.6 billion market value.
These figures stem from the global demand for butter as one of the staple commodities highly used in household cooking and food and manufacturing industries.
Additionally, the rising demand for organic products such as organic butter and the growing population which is the prime mover of commodity prices add value to its marketability.
Thus, Trading Economics prediction showed that butter trade will close by 4452.69 euros per ton by the end of 2023 and will be 4656.27 euros in 2025.