Press release
Buttermilk Powder Market Size 2024 to 2031.
Market Overview and Report CoverageButtermilk powder is a dairy product that is made by drying buttermilk, which is a byproduct of butter production. It is commonly used in baking, cooking, and as a flavoring agent in various dishes.
The Buttermilk Powder Market is expected to grow at a CAGR of 6.30% during the forecasted period. The growing popularity of convenience food products and the increasing demand for natural and clean-label ingredients in food and beverage industry are driving the growth of the buttermilk powder market. Additionally, the rising awareness about the health benefits of buttermilk powder, such as being a good source of protein and calcium, is further boosting its demand.
Moreover, the long shelf life of buttermilk powder compared to liquid buttermilk is also a key factor driving its market growth. With the increasing use of buttermilk powder in various applications such as bakery products, confectionery, dairy products, and others, the market is expected to witness significant growth in the coming years.
Overall, the future outlook of the Buttermilk Powder Market looks promising, with steady growth expected in the forecasted period.
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Market Segmentation
The Buttermilk Powder Market Analysis by types is segmented into:
• Spray Dried Buttermilk Powder
• Atmospheric Roller Dried Buttermilk Powder
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Buttermilk powder is available in two main types - Spray Dried Buttermilk Powder and Atmospheric Roller Dried Buttermilk Powder. Spray Dried Buttermilk Powder is produced by spraying liquid buttermilk into a hot air chamber, resulting in fine particles that reconstitute easily in liquid. Atmospheric Roller Dried Buttermilk Powder, on the other hand, is made by passing a thin layer of buttermilk over heated rollers, creating a thicker and denser powder. Both types are popular in various food applications for their convenience and long shelf life.
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The Buttermilk Powder Market Industry Research by Application is segmented into:
• Bakery and Confectionery Products
• Frozen Desserts
• Beverages
• Specialty Foods
• Soups & Sauces
• Others
Buttermilk powder is widely used in various applications such as bakery and confectionery products, frozen desserts, beverages, specialty foods, soups & sauces, and others. In bakery and confectionery products, it adds a tangy flavor and helps improve texture. In frozen desserts, it enhances creaminess and flavor. In beverages, it provides a rich and creamy taste. In specialty foods, it is used for its tangy flavor and nutritional benefits. In soups & sauces, it adds richness and depth of flavor. Overall, buttermilk powder is a versatile ingredient with a wide range of applications in the food industry.
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In terms of Region, the Buttermilk Powder Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Buttermilk Powder market?
The global buttermilk powder market is experiencing several emerging trends, including the rising demand for clean label and natural ingredients, the growing popularity of dairy alternatives, and increasing awareness of health benefits associated with buttermilk. Other trends include the use of buttermilk powder in various applications such as bakery products, confectionery, and ready-to-eat meals, as well as the expansion of distribution channels through e-commerce platforms. Additionally, technological advancements in the production processes of buttermilk powder are leading to improved quality and consistency in the final product, further driving growth in the market.
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Major Market Players
One of the leading players in the Buttermilk Powder market is Fonterra Co-Operative Group. Fonterra is a New Zealand based multinational dairy cooperative that is known for producing high-quality dairy products. The company has a long history of over 150 years in the dairy industry and has a strong presence in the global market. Fonterra's Buttermilk Powder segment has shown significant growth over the years due to the increasing demand for dairy products.
Another key player in the Buttermilk Powder market is Dairy Farmers of America. DFA is a cooperative of more than 13,000 dairy farmers in the United States. The company has a diverse portfolio of dairy products, including Buttermilk Powder. DFA has experienced steady growth in the Buttermilk Powder market, thanks to its strong distribution network and high-quality products.
Land O' Lakes is another major player in the Buttermilk Powder market. Land O' Lakes is a US-based agricultural cooperative that specializes in dairy products. The company has a strong presence in the Buttermilk Powder market and has seen a steady increase in sales revenue over the years.
In terms of market size and revenue, Fonterra Co-Operative Group is one of the largest players in the Buttermilk Powder market, with annual sales revenue of over $14 billion. Dairy Farmers of America and Land O' Lakes also have significant market shares and compete closely with Fonterra in the Buttermilk Powder segment. The Buttermilk Powder market is highly competitive, with these key players constantly innovating and expanding their product offerings to cater to the growing demand for dairy products globally.
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