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Country Report

Butter and Margarine in

Butter and Margarine in the US

37 pages, Nov 2017

US$990

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Executive Summary

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

TRENDS

For decades, butter has been eyed suspiciously by the US health and scientific community, with consumers being warned about the dangers inherent in consuming a product containing such high levels of fat and cholesterol. Butter has been blamed for producing a plethora of negative health effects, and for decades its consumption has been linked by nutritionists to a high risk of developing health problems, in particular high cholesterol, which is said to lead to heart disease. This butter doctrine, traditionally enjoying wide acceptance within the US health community, had a powerful effect on consumers, leading many to limit their intake of butter or avoid it entirely, with many of them opting to purchase vegetable-based butter alternatives, most notably margarine.

COMPETITIVE LANDSCAPE

By a large margin, Land O’ Lakes, which focuses almost exclusively on butter products, and Unilever United States, maker of the well-known margarine and spreads brands Country Crock and I Can’t Believe It’s Not Butter!, lead butter and margarine. They accounted for 22% and 16% shares of value sales respectively in 2017; the next closest company, ConAgra Brands, held just a 5% share. Despite their positions at the top of the category, Land O’ Lakes and Unilever had highly divergent sales performances in recent years, with Land O’ Lakes registering consistent strong growth and Unilever declining sharply, in a strong reflection of the consumer shift toward heavier butter consumption. From 2012 to 2017, a period which saw Land O’ Lakes overtake Unilever at the top of the category, Land O’ Lakes posted a value CAGR of 6%, whilst Unilever’s value CAGR declined over the same period, at a rate of 4%. Whilst Unilever held a value share of 21% in butter and margarine in 2012, this share fell to just 16% by 2017. As a result of Unilever’s significant losses, and with a realisation that there is likely no end in sight for the decline in margarine consumption, the company announced in March 2017 that it would sell off its margarine brands. Despite its aim to shed this portion of its business, however, at the time of publication Unilever had still not found a buyer.

PROSPECTS

Over the forecast period, butter and margarine is expected to see a similar performance overall, with growth rates highly aligned with those of the review period and similar trends driving these rates. Whilst volume sales declined over the review period, with a negative CAGR of 2%, they are projected to decline by slightly less over the forecast period, with a negative CAGR of 1%, reaching 734,000 tonnes in 2022. In value terms at constant 2017 prices, the category is projected to mirror this development, with an improved CAGR of 2%, reaching USD5.5 billion in 2022. These trends are projected to remain largely consistent, resulting from continued significant declines for margarine and spreads and sustained strong growth for butter; a dynamic that will continue to create the effect of restraining the growth of the category to moderate levels. Butter is projected to see a volume CAGR of 4% and a value CAGR of 4% at constant 2017 prices over the forecast period, to reach 386,000 tonnes and USD3.8 billion in 2022. Margarine and spreads, on the other hand, is set to witness a negative volume CAGR of 7% and a negative value CAGR of 3% at constant 2017 prices, to reach 295,000 tonnes and USD1.5 billion.

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Overview

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Butter and Margarine industry in USA with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Butter and Margarine industry in USA, our research will save you time and money while empowering you to make informed, profitable decisions.

The Butter and Margarine in USA market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Butter and Margarine in USA?
What are the major brands in USA?
Are consumers in emerging markets moving from unpackaged to packaged oils and fats?
What are the sales prospects for “healthy” cooking oils?
Will retail sales suffer as economic prospects improve and consumers move back to eating out rather than cooking at home?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our:

Packaged Food market research database.

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Butter and Margarine in the US - Category analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

Table 1 Sales of Butter and Margarine by Category: Volume 2012-2017
Table 2 Sales of Butter and Margarine by Category: Value 2012-2017
Table 3 Sales of Butter and Margarine by Category: % Volume Growth 2012-2017
Table 4 Sales of Butter and Margarine by Category: % Value Growth 2012-2017
Table 5 NBO Company Shares of Butter and Margarine: % Value 2013-2017
Table 6 LBN Brand Shares of Butter and Margarine: % Value 2014-2017
Table 7 Distribution of Butter and Margarine by Format: % Value 2012-2017
Table 8 Forecast Sales of Butter and Margarine by Category: Volume 2017-2022
Table 9 Forecast Sales of Butter and Margarine by Category: Value 2017-2022
Table 10 Forecast Sales of Butter and Margarine by Category: % Volume Growth 2017-2022
Table 11 Forecast Sales of Butter and Margarine by Category: % Value Growth 2017-2022

Butter and Margarine in the US - Company Profiles

ConAgra Foods Inc in Packaged Food (USA)

STRATEGIC DIRECTION

KEY FACTS

COMPETITIVE POSITIONING

Summary 1 ConAgra Foods Inc: Key Facts
Summary 2 ConAgra Foods Inc: Operational Indicators
Summary 3 ConAgra Foods Inc: Competitive Position 2017

Packaged Food in the US - Industry Overview

EXECUTIVE SUMMARY

Packaged food faces new challenges

Trade agreements top of mind as political climate creates uncertainty

Slow growth spurs merger and acquisition activity

E-Commerce explodes as consumers prioritise convenience

Despite obstacles to growth, opportunities still remain

KEY TRENDS AND DEVELOPMENTS

Shifting political and trade policies fuel economic uncertainty

Outlook

Convenience trends impacting demand

Outlook

Merger and acquisition activity intensifies amidst challenges

Outlook

Product reformulations increasingly seen as avenues for growth

Outlook

FOODSERVICE: KEY TRENDS AND DEVELOPMENTS

Headlines

Trends: Sales to Foodservice

Trends: Consumer Foodservice

Prospects

Category Data

Table 12 Foodservice Sales of Packaged Food by Category: Volume 2012-2017
Table 13 Foodservice Sales of Packaged Food by Category: % Volume Growth 2012-2017
Table 14 Forecast Foodservice Sales of Packaged Food by Category: Volume 2017-2022
Table 15 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2017-2022

MARKET DATA

Table 16 Sales of Packaged Food by Category: Volume 2012-2017
Table 17 Sales of Packaged Food by Category: Value 2012-2017
Table 18 Sales of Packaged Food by Category: % Volume Growth 2012-2017
Table 19 Sales of Packaged Food by Category: % Value Growth 2012-2017
Table 20 GBO Company Shares of Packaged Food: % Value 2013-2017
Table 21 NBO Company Shares of Packaged Food: % Value 2013-2017
Table 22 LBN Brand Shares of Packaged Food: % Value 2014-2017
Table 23 Penetration of Private Label by Category: % Value 2012-2017
Table 24 Distribution of Packaged Food by Format: % Value 2012-2017
Table 25 Distribution of Packaged Food by Format and Category: % Value 2017
Table 26 Forecast Sales of Packaged Food by Category: Volume 2017-2022
Table 27 Forecast Sales of Packaged Food by Category: Value 2017-2022
Table 28 Forecast Sales of Packaged Food by Category: % Volume Growth 2017-2022
Table 29 Forecast Sales of Packaged Food by Category: % Value Growth 2017-2022

Megatrends

Country Report

Butter and Margarine in the US

New Report Guarantee

Executive Summary

New Report Guarantee

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

Overview

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Overview

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Table of Contents

Butter and Margarine in the US - Category analysis

HEADLINES

TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

CATEGORY DATA

Butter and Margarine in the US - Company Profiles

ConAgra Foods Inc in Packaged Food (USA)

STRATEGIC DIRECTION

KEY FACTS

COMPETITIVE POSITIONING

Packaged Food in the US - Industry Overview

EXECUTIVE SUMMARY

Packaged food faces new challenges

Trade agreements top of mind as political climate creates uncertainty

Slow growth spurs merger and acquisition activity

E-Commerce explodes as consumers prioritise convenience

Despite obstacles to growth, opportunities still remain

KEY TRENDS AND DEVELOPMENTS

Shifting political and trade policies fuel economic uncertainty

Convenience trends impacting demand

Merger and acquisition activity intensifies amidst challenges

Product reformulations increasingly seen as avenues for growth

FOODSERVICE: KEY TRENDS AND DEVELOPMENTS

Headlines

Trends: Sales to Foodservice

Trends: Consumer Foodservice

Prospects

Category Data

MARKET DATA

SOURCES

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