Global Butter And Ghee Market Overview
In value terms, butter and ghee production amounted to $35.6B in 2010 estimated in export prices. The total output value increased at an average annual rate of +3.8% from 2007 to 2010; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2010 with an increase of 9.9% y-o-y. In that year, global butter and ghee production reached its peak level and is likely to continue its growth in the immediate term.
India (3.4M tonnes) remains the largest butter and ghee producing country worldwide, accounting for 36% of total production. Moreover, butter and ghee production in India exceeded the figures recorded by the world's second-largest producer, the U.S. (713K tonnes), fivefold. The third position in this ranking was occupied by Pakistan (650K tonnes), with a 6.9% share.
From 2007 to 2010, the average annual rate of growth in terms of volume in India totaled +3.7%. In the other countries, the average annual rates were as follows: the U.S. (+0.7% per year) and Pakistan (+3.0% per year).