Butter Powder Market is Set for Huge Growth in the Near Future | Key Players: Honeyville, Inc., Hoosier Hill Farm LLC, Augason Farms, Thrive Life, LLC, Kanegrade Ltd.

Butter powder, also known as dehydrated butter or powdered butter, is a light powder that can be used instead of normal butter in almost any recipe. It is prepared from sweet cream butter. It usually has a shelf life of 3-10 years if the can is unopened. Butter powder is used to make and add flavors to baked goods, confectionery, sauces, popcorn, soups, honey butter, vegetables and more. Butter powder is ideal for emergency preparedness, travel, camping, and long term food storage. Butter powder saves time and can be conveniently used in everyday cooking. Butter powder also adds a good taste when sprinkled on moist and warm foods such as steamed vegetables, rice, pasta, hot cereals and potatoes. Powdered butter is heat stable and requires no refrigeration until the mixture of water and butter powder has been prepared.

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Its non-perishability, convenience, heat-stability, suitability for emergency preparedness over normal butter has driven the growth of the butter powder market. However, rise in health consciousness among the consumers and their focus on adopting a healthy lifestyle is expected to restrict the growth of the market in the future. Nevertheless, product innovations such as adding new flavors such as butter powder with herbs or garlic butter powder, is anticipated to fuel the growth of the butter powder market in the upcoming years.

The global butter powder market is segmented based on the end user, distribution channel and region. Based on end user, it is classified into households, food industry, and food service industry. By distribution channel it is divided as direct and indirect channels. Indirect channel is further classified into supermarkets/ hypermarkets, discount stores, convenience store, online stores and others. By region, the butter powder market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

o This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global butter powder market from 2018 to 2026 to identify the prevailing market opportunities.
o The key countries in all the major regions are mapped based on their market share.
o Porter's five forces analysis highlights the potency of the buyers and the suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
o In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
o Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
o The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.

Top Key Players: Honeyville, Inc., Hoosier Hill Farm LLC, Augason Farms, Thrive Life, LLC, Kanegrade Ltd., Great American Spice Company, and Fitsa Group.

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KEY MARKET SEGMENTS:

By End User
o Households
o Food Industry
o Food service Industry

By distribution channel:
o Direct/B2B
o Indirect/B2C

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