Buttermilk Powder Market to Grow at 6.8% CAGR, Reaching US$ 5.65 Billion by 2033

The global market for buttermilk powder is experiencing significant growth, with an anticipated value-based CAGR of 6.8% from 2023 to 2033. The market, valued at US$ 2,924.8 million in 2023, is expected to reach approximately US$ 5,650.7 million by 2033. As consumers and industries alike recognize its numerous benefits, the demand for buttermilk powder continues to rise, spurred by its diverse applications in food, beverages, and animal feed products.

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Market Growth Overview
The global buttermilk powder market has witnessed consistent growth over the years. In the historical period, it registered a CAGR of 6.3%, and in 2023, the market reached US$ 2,924.8 million. The demand for buttermilk powder is expected to rise steadily in the coming decade, driven by increasing consumer awareness regarding its health benefits and growing utilization in a variety of sectors.

Buttermilk powder is used to enhance the texture, flavor, and stability of food products. Its properties include preventing the formation of large fat globules, which ensures a more uniform appearance in processed products. Furthermore, the health benefits of buttermilk powder, such as improving bone and oral health, along with its role in maintaining blood pressure, continue to contribute to its growing popularity.

Key Drivers of Market Growth
Health Benefits and Consumer Awareness

As consumers become more health-conscious, the demand for ingredients like buttermilk powder that offer nutritional value continues to rise. Buttermilk powder is recognized for its benefits in improving blood pressure, bone health, and oral hygiene, which significantly boosts its popularity across various food and beverage applications.
Growing Demand from Organic and Functional Food & Beverages

The rise in organic and functional foods is a key factor driving the market. Consumers are increasingly seeking healthier, nutrient-dense food options, and buttermilk powder fits the bill. Its incorporation into functional foods and beverages helps meet the growing demand for nutritious and convenient food choices.
Use in Animal Feed

The animal feed industry has also embraced buttermilk powder, particularly in pet food and pig feed. The powder is a rich source of proteins, minerals, and lactose, which is beneficial in animal diets. Additionally, due to its nutritional composition, it serves as a cost-effective ingredient, making it a preferred choice in the industry.
Substitution of Skimmed Milk Powder

Buttermilk powder is increasingly replacing skimmed milk powder in many applications. Unlike skimmed milk powder, which can contain oxidized cholesterol due to the heating process during manufacturing, buttermilk powder offers a healthier option due to its lower fat content and higher solubility. Its superior emulsifier properties also make it an ideal choice for the food industry, where it enhances flavor and texture.
Key Market Trends
Rising Demand for Processed Food Products

With modern lifestyles driving a demand for convenient, ready-to-consume products, processed foods have gained popularity. Buttermilk powder is increasingly incorporated into these products due to its ability to improve flavor, texture, and shelf-life. As the processed food sector continues to grow, so does the demand for buttermilk powder.
Health-Conscious Consumers Fueling Demand

Health-conscious consumers are prioritizing nutritious, natural ingredients in their food. Buttermilk powder's nutritional benefits and role in supporting overall health continue to make it a sought-after ingredient in both food and animal feed markets.
Environmental Considerations in Animal Feed

The global agriculture industry is experiencing growing concerns about feed costs and sustainability. Buttermilk powder provides an affordable, nutrient-rich alternative to other feed components, helping farmers reduce costs while ensuring the health and performance of livestock.
Regional Market Dynamics
The global buttermilk powder market exhibits significant regional variations, with key markets in North America, Europe, and Asia Pacific. In these regions, the growing consumption of processed foods, increasing awareness of health benefits, and rising demand for organic and functional food products contribute to the steady growth of the market.

Competitive Landscape
Several companies dominate the buttermilk powder market, with the top four countries accounting for 45% of the market share. Key players in the market include companies such as Dairy Farmers of America, Inc., FrieslandCampina, and Arla Foods, who are focused on strengthening their positions by expanding their product offerings and exploring new markets.

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Conclusion
The global buttermilk powder market is poised for continued expansion, driven by factors such as rising health awareness, increasing demand for organic and functional foods, and its growing use in the animal feed industry. With its valuable nutritional properties and diverse applications, the market is expected to see a significant rise in value, reaching an estimated US$ 5,650.7 million by 2033.

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