Butter Powder Market to Experience 5.5% CAGR; Revenue to Boost Cross $643.8 million by 2032

Butter Powder Market by Nature (Conventional and Organic), Flavor (Coca, Almond, Peanut, and Others), and Distribution Channel (Supermarket/Hypermarket, Convenience Store, B2B, Specialty Store, and Online Store): Global Opportunity Analysis and Industry Forecast, 2022-2031." According to the report, the global butter powder industry was valued at $376.7 million in 2022 and is projected to reach $643.8 million by 2032, registering a CAGR of 5.5% from 2023 to 2032.

𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐅𝐨𝐫 𝐈𝐧𝐬𝐭𝐚𝐧𝐭 𝐏𝐃𝐅: https://www.alliedmarketresearch.com/request-sample/5575

Butter powder is a dehydrated form of butter. it is used in recipes of baked goods, popcorn, sauces, soups, seasonings, beverages, and dietary supplements.It offers several advantages such as shelf stability, convenience, versatility, and extended usability. In addition, it is considered suitable for emergency preparations, travel, camping, and long-term food storage. It saves time and can be conveniently used in everyday cooking; for instance, it can be sprinkled on moist and warm foods such as steamed vegetables, rice, pasta, hot cereals, and potatoes, thus enchanting the flavor. Moreover, it is heat stable and requires no refrigeration until the mixture of water and butter powder has been prepared which has increased Butter Powder Market Share. 

In addition, the pandemic has led to changes in consumer behavior, with many people staying at home and preparing baking items themselves. These changes in consumer behavior may have had both positive and negative impacts on the butter powder market and had provided Butter Powder Market Opportunities. The major players analyzed for the Butter Powder Market Analysis are Garden of Life, BetterBody Foods, PB2 Foods,Inc., Nutricost, powbab, Betty Lou's Inc., Z Natural Food, LLC, Nutrient Survival, Hoosier Hill Farm, and Laita . 

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By flavor, the market is segregated into cocoa, almond, peanuts, and others. The peanut segment was the major share contributor in 2022. Owing to its significantly lower fat content-between 85% and 90% less than traditional butter-peanut butter powder has proven to be an ideal substitute for ordinary peanut butter. It is utilized with water to create a spreadable consistency similar to ordinary peanut butter which makes it accurate to for many recepies. Moreover, for vegans and people who eat a plant-based diet, peanut butter powder, which is made from peanuts, is a great source of protein. The demand for peanut butter powder is further influenced by the fitness and sports nutrition sectors. For instance, the high protein content of butter powder, makes it appropriate for protein drinks, smoothies, and energy bars.

Based on nature, the conventional segment held the highest market share in 2022, accounting for more than one-third of the global butter powder market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is due to customer preferences and industry realities; the conventional butter powder market is expanding at an impressive rate.

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North America dominated the butter powder market in 2022 was and anticipated to continue the same trend during the forecast period. Rise in popularity of butter powder for cooking and baking purposes and surge in demand for new flavors has surged Butter Powder Market Trends . In addition, availability of a number of variants with different formulations and ingredients has made butter powder a popular choice among consumers in North America. Moreover, with rise in Butter Powder Market Demand and enhanced effect on diet, butter powder products are seeing high popularity in the North American market. In addition, consumers are switching from conventional butter powder to organic products as a result of their growing interest in cooking and baking.

Based on flavor, the peanut segment held the highest market share in 2022, accounting for nearly one-third of the global butter powder market revenue. The demand for peanut butter powder has increased as a result of the rise in the number of health-conscious people who are concerned about their fat consumption because it is a lower-fat substitute for conventional peanut butter.

KEY FINDINGS OF STUDY  

By nature, the conventional segment was valued at $199.5 million in 2022, and is projected to reach $331.7 million by 2032, registering a CAGR of 5.3% from 2023 to 2032. 

On the basis of flavor, the cocoa segment accounted for $84.5 million in 2022, and is projected to reach $149.2 million by 2032, registering a CAGR of 5.9% from 2023 to 2032. 

Depending on distribution channel, the supermarket/hypermarket segment garnered $129.8 million in 2022, and is projected to reach $213.6 million by 2032, registering a CAGR of 5.1% from 2023 to 2032. 

Region wise, the North America butter powder market was valued at $151.9 million in 2022, and is projected to reach $245.7 million by 2032, registering a CAGR of 5.0% from 2023 to 2032. 

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Based on region, North America held the highest market share in 2022, contributing to around two-fifths of the global butter powder market revenue, and is expected to maintain its dominance during the forecast period. Consumers are increasingly interested in cooking and baking products available in the market for primary uses in recipes, which is driving them to switch from conventional butter powder to organic products.

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