This industry manufactures butter from milk and processed milk products. Firms in this industry do not make products that are made from vegetable oils, such as margarine.

In 2024, the Australian butter market decreased by -17.1% to $447M for the first time since 2020, thus ending a three-year rising trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. Butter consumption peaked at $606M in 2018; however, from 2019 to 2024, consumption remained at a lower figure.

The Australia butter market size reached USD 783.41 Million in 2024. The market is expected to grow at a CAGR of 4.67% between 2025 and 2034, reaching almost Million 1236.55 Million by 2034.

The butter market in Australia and Oceania expanded to $1.5B in 2024, with an increase of 1.6% against the previous year. The total consumption indicated a strong expansion from 2012 to 2024: its value increased at an average annual rate of +5.6% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -7.3% against 2022 indices.

Australia’s butter sector is expected to grow at a 3.91% CAGR from 2025 to 2030, influenced by the rising preference for butter over margarine and increasing health-conscious consu

The Australia clarified butter market size reached USD 167.78 Million in 2024. The market is expected to grow at a CAGR of 2.78% between 2025 and 2034, reaching almost USD 220.71 Million by 2034.

Learn about the increasing demand for cocoa butter in Australia and the projected market trends for the next decade, including expected growth in volume and value terms.

Market Size statistics on the Butter and Dairy Product Manufacturing industry in Australia

Discover the latest trends in the Australian cocoa butter market and learn about the projected growth over the next decade. With an expected increase in market volume and value, this article provides insights into the future of cocoa butter consumption in Australia.

Australia’s butter and dairy product manufacturers have faced challenging conditions over the past few years. With uncertain climatic conditions, milk production has been volatile, shrinking the domestic milk supply for butter and dairy product manufacturers. The desperate milk pool caused more dairy farmers to exit dairy farming, which intensified the milk shortage. This meant operators in the Butter and Dairy Product Manufacturing industry have had to be more efficient with their supplies. Some major companies have chosen to concentrate on a specific business area. Fonterra, for example, is selling its consumer-facing business in favour of more profitable B2B products. More consolidation activities, like closing factories and combining production lines, have limited inflation’s upwards pressure on operating costs. These initiatives have improved production efficiency and stabilised profit margins for manufacturers. Yet, intense cost pressures have forced more unviable enterprises to leave the industry regardless of their business scale, including the recent collapse of Beston Global Food Company. Overall, industry revenue is expected to tumble at an annualised 2.8% over the five years through 2024-25, to $8.08 billion. This includes an anticipated drop of 2.9% in 2024-25, as dwindling milk production continues to constrain manufacturers’ output. Emerging consumer preferences have shaped butter and dairy product manufacturing. Consumers have lifted demand for value-added products. For instance, growing health-consciousness trends have boosted consumer demand for healthy dairy products. Manufacturers that capture the emerging trends with strong product innovation have seen improved revenue and market share. Substitutes like plant-based products have been gaining popularity, threatening traditional butter and dairy products. Industry revenue is on track to expand despite challenging climatic conditions that will continue to decrease the milk supply as health-conscious consumers drive up domestic demand for dairy products. A stronger Australian dollar is on track to intensify import competition as imported products become relatively inexpensive. At the same time, export revenue will dip because a stronger Australian dollar will make Australian butter and dairy products more expensive in foreign markets, reducing demand. Overall, revenue is set to climb at an annualised 0.2% through 2029-30, to an estimated $8.14 billion.

The cocoa butter market in Australia is expected to see growth in both volume and value over the next decade, driven by increasing demand. Market performance is forecasted to expand with a projected CAGR of +1.3% in volume and +1.5% in value from 2024 to 2035.

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Shea Butter Market Size 2025-2029

The shea butter market size is forecast to increase by USD 1.07 billion, at a CAGR of 7.4% between 2024 and 2029.

The market is experiencing significant growth due to several key factors. One of the primary drivers is the increasing prevalence of lactose intolerance, leading to a rise in demand for dairy-free alternatives for skincare and cosmetic products. Another trend influencing the market is the introduction of shea butter-based products in various industries, including food, pharmaceuticals, and personal care. Regulatory requirements also play a crucial role in market growth, as governments and organizations enforce stricter regulations on the production and labeling of shea butter products. These factors contribute to the market's continued expansion and make it an attractive investment opportunity for businesses in the US and globally. The market analysis report provides a comprehensive overview of these trends and their impact on the shea butter industry.

What will be the Size of the Shea Butter Market During the Forecast Period?

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The market continues to experience strong growth, driven by increasing consumer demand for natural, eco-friendly, and ethically-sourced ingredients. Shea butter, derived from the nuts of the Shea tree, is renowned for its antioxidant properties and skin-nourishing benefits, making it a popular ingredient in various industries. In the cosmetics sector, shea butter is used in shampoos, hair care products, moisturizers, and cosmetics due to its therapeutic benefits. In the culinary world, shea butter is gaining traction as a novel food ingredient, finding applications in baked goods, chocolates, ice cream, and baby food. Shea butter production is undergoing significant transformations, with an emphasis on economic empowerment, sustainable practices, and truthful labeling.
The supply chain is becoming more transparent, with companies like Sundial Brands leading the charge in promoting fair trade and ethical sourcing. Shea butter is increasingly being used as a substitute for chemical additives, such as potassium hydroxide, in various industries. Overall, the market is expected to continue its growth trajectory, driven by its versatility, health benefits, and consumer demand for natural and sustainable ingredients.

How is this Shea Butter Industry segmented and which is the largest segment?

The shea butter industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Unrefined
  Refined


Application

  Personal care
  Food
  Pharmaceuticals


Geography

  Europe

    Germany
    UK
    France
    Italy
    Spain


  North America

    Canada
    US


  APAC

    China
    India


  Middle East and Africa



  South America

By Product Insights

The unrefined segment is estimated to witness significant growth during the forecast period.

Unrefined shea butter, sourced from West Africa using traditional methods without heat or chemicals, is a key component of The market. Its natural composition, rich in vitamins A, E, and F, makes it an effective emollient for improving skin clarity and health. The product's moisturizing, circulation-boosting, and anti-inflammatory properties make it a popular ingredient in various skincare products addressing issues such as dryness, wrinkles, dark spots, discolorations, stretch marks, and blemishes. Unrefined shea butter's benefits extend to hair growth and acne treatment, further increasing its demand in the market. Its natural properties make it a suitable alternative to chemically-laden products for individuals with conditions like psoriasis and dry skin.

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The unrefined segment was valued at USD 1.46 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 44% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European market holds a significant position in the global shea butter industry, with Germany and France being key contributors. Germany, the largest cosmetics market in Europe, had a valuation of over USD14 billion in 2023, making it a significant player in the natural and organic cosmetics sector, which holds the largest market share in Europe. With a 6.2% share of global beauty product exports, Germany's influence in the regional market is substantial, driven by increasing consumer preference fo

A substantial shift in the dairy supply chain has affected the Dairy Produce Wholesaling industry. Wholesalers were once an integral part of the chain, acting as a key link between manufacturers and retailers. However, major supermarkets like Coles and Woolworths have become increasingly dominant in recent years and this trend alongside rising consolidation among dairy manufacturers has affected the industry performance. As a result of greater wholesale bypass and downward price pressure, revenue is expected to fall at an annualised 3.3% to $3.7 billion over the few years through 2024-25. Health and lifestyle trends have been moving away from dairy produce more recently, as more people have opted for low-fat or dairy-free alternatives due to dietary concerns or choices, like veganism. Falling revenue trends include a drop of 3.6% through 2024-25, as sluggish milk consumption has weakened dairy produce wholesalers’ performance. The major supermarkets Coles and Woolworths have caused wholesale bypass trends to become more prevalent. The supermarkets have used their size to exert more control over the supply chain by dealing directly with manufacturers or acquiring milk processing sites from manufacturers directly. This trend has drastically reduced demand for dairy produce wholesalers. Due to the shrinking milk pool, the domestic price of milk has increased significantly, causing industry purchase costs to rise as a share of revenue over the past few years. Furthermore, elevated competition from retailers has constrained wholesaler prices. As a result, industry profit margins have taken a hit. Wholesale bypass trends are on track to keep challenging dairy produce wholesalers in the coming years. As niche manufacturers become larger, they will likely focus on accessing export markets themselves rather than going through wholesalers acting as trade agents. This trend will likely constrain the industry's growth opportunities. Profit margins are on track to keep falling, as manufacturers will be passing on higher input costs to wholesalers. However, rises in yoghurt consumption will provide avenues for revenue recovery. Overall, industry revenue is forecast to climb at an annualised 1.1% to $3.9 billion over the few years through 2029-30.

The global reduced fat butter market is expected to reach a market valuation of USD 1.3 Billion by the year 2022, accelerating with a CAGR of 6.2% by 2022 to 2032, to reach a value of 2.37 Billion by 2032.

Attribute	Details
Reduced Fat Butter Market Size (2022E)	USD 1.3 Billion
Reduced Fat Butter Market Projected Size (2032F)	USD 2.37 Billion
Value CAGR (2021 to 2031)	6.2%
Top 3 Countries' Market Share	35%

Scope Of The Report

Attribute	Details
Forecast Period	2022 to 2032
Historical Data Available for	2017 to 2021
Market Analysis	USD Million for Value and Million. Sq. M. for Volume
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa
Key Countries Covered	USA, Brazil, Mexico, Germany, United Kingdom, China, India, Japan, Australia, and GCC Countries
Key Segments Covered	Form, Fat Content, End-Use Application, Packaging, Sales Channel, and Region
Key Companies Profiled	Palsgaard Agral S.A. Ornua Co-operative Limited Upfield Finlandia Cheese, Inc. Saputo Dairy Australia Pty Ltd. Kerry gold Land O'Lakes Arla Foods Lam Soon Group Aurivo Co-operative Society Ltd. Rockview Farms
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

The Australia peanut butter market size reached USD 151.85 Millionin 2024. The market is expected to grow at a CAGR of 3.67% between 2025 and 2034, reaching almost USD 217.74 Million by 2034.

In 2024, the Australian butter and ghee market decreased by -3.5% to $708M for the first time since 2020, thus ending a three-year rising trend. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2024: its value increased at an average annual rate of +5.2% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

The Australia Dairy Alternatives Market is segmented by Category (Non-Dairy Butter, Non-Dairy Cheese, Non-Dairy Ice Cream, Non-Dairy Milk, Non-Dairy Yogurt) and by Distribution Channel (Off-Trade, On-Trade). Market Value in USD and Volume are both presented. Key Data Points observed include Per capita consumption; Population; and Production volume of plant-based products.

The Australia Dairy Products Market was valued at USD 6.78 Billion in 2024 and is expected to reach USD 9.34 Billion by 2030 with a CAGR of 5.54%

Pages	70
Market Size	2024: USD 6.78 Billion
Forecast Market Size	2030: USD 9.34 Billion
CAGR	2025-2030: 5.54%
Fastest Growing Segment	Online
Largest Market	Queensland
Key Players	1. Fonterra Co-operative Group Limited 2. Saputo Dairy Australia Pty Ltd 3. Bega Cheese Limited 4. Norco Co-operative Limited 5. Brownes Dairy 6. Parmalat Australia Ltd (Lactalis Australia) 7. Pure Dairy 8. Ashgrove Cheese 9. Maleny Dairies 10. Dairy Farmers (Bega Group)

In 2024, the Australian butter and dairy spreads market decreased by -4.2% to $616M for the first time since 2020, thus ending a three-year rising trend. In general, the total consumption indicated a notable expansion from 2012 to 2024: its value increased at an average annual rate of +4.1% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +53.3% against 2020 indices.

Report Attribute/Metric	Details
Market Value in 2025	USD 3.9 billion
Revenue Forecast in 2034	USD 7.2 billion
Growth Rate	CAGR of 7.0% from 2025 to 2034
Base Year for Estimation	2024
Industry Revenue 2024	3.7 billion
Growth Opportunity	USD 3.5 billion
Historical Data	2019 - 2023
Forecast Period	2025 - 2034
Market Size Units	Market Revenue in USD billion and Industry Statistics
Market Size 2024	3.7 billion USD
Market Size 2027	4.5 billion USD
Market Size 2029	5.1 billion USD
Market Size 2030	5.5 billion USD
Market Size 2034	7.2 billion USD
Market Size 2035	7.7 billion USD
Report Coverage	Market Size for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments Covered	Product Type, Application, Distribution Channel, Grade, Purity Level
Regional Scope	North America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country Scope	U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Top 5 Major Countries and Expected CAGR Forecast	U.S., Nigeria, Ghana, India, UK - Expected CAGR 4.5% - 6.7% (2025 - 2034)
Top 3 Emerging Countries and Expected Forecast	Indonesia, Argentina, Turkey - Expected Forecast CAGR 8.0% - 9.7% (2025 - 2034)
Top 2 Opportunistic Market Segments	Food & Beverages and Pharmaceuticals Application
Top 2 Industry Transitions	Rising Consumer Demand for Natural & Organic Products, Expansion of Shea Butter in the Food and Beverage Industry
Companies Profiled	AOS Products Private Limited, Baraka Shea Butter, Bread For Life Shea Butter, Bulk Apothecary, Cargill Incorporated, Deluxe Shea Butter Australia, Jedwards International Inc., Lovinah Naturals, Nature's Shea Butter, Organic Life Plus, Shea Radiance and The Savannah Fruits Company
Customization	Free customization at segment, region, or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement (10% of report value)