Global Butter Powder Market to Reach $3.03 Billion by 2029, Growing at 6.1% CAGR

What market dynamics are playing a key role in accelerating the growth of the butter powder market?
The uptick in bakery products consumption is predicted to stimulate the growth of the butter powder market. Bakery products encompass a broad spectrum of food items manufactured and offered by bakeries. The surge in demand is accredited to an improved consumer experience, a rising preference for healthier variants, and an expanded product variety. Butter powder serves as a handy ingredient in these products, enabling the integration of a buttery taste and consistency without necessitating fresh butter. As cited by the Agriculture and Horticulture Development Board, a government institution in the UK, in February 2024, the demand for baking rose 1% to 13 million instances in 2023 compared to the prior year. This was stoked by an escalation in sweet home baking, marking an increase of 29 million instances. Hence, the growing prevalence of bakery products fuels the market demand for butter powder.

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How will the growth rate of the butter powder market shape industry trends by 2034?
In recent years, the butter powder market has seen significant growth. Its size is projected to increase from $2.25 billion in 2024 to $2.39 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. Factors contributing to this growth include the butter powder's longer shelf life than traditional butter, its ease of use, a rise in the demand for processed and convenience foods, expansions in production capacity, and an increase in the disposable income of consumers.

The market size of butter powder is predicted to witness robust expansion in the coming years, eventually reaching $3.03 billion by 2029 at a compound annual growth rate (CAGR) of 6.1%. The increase throughout the forecast period can be related to the growing interest in healthy lifestyles, the surge in demand for cooking and baking items, the booming foodservice sector, increased consumer knowledge and choice, and the rising popularity of vegan and plant-based lifestyles. Key trends during the forecast period encompass environmentally friendly packaging, technical advancements in butter powder production, and innovative product introductions.

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What trends are poised to drive the future success of the butter powder market?
Leading businesses in the butter powder market are prioritizing the creation of innovative goods, like those devoid of additives, in response to consumer preference for natural and no-additive ingredients. Butter powder without additives, a dairy-derived powder, preserves the inherent qualities of butter, excluding all synthetic ingredients, presenting an all-natural, clean-label product. As an illustration, Epi Ingredients, a butter powder production company based in France, introduced a butter powder free of additives in May 2024. This butter powder, derived from organic milk fat, presents a clean label alternative for manufacturers, as per the company's declaration. It's versatile, suitable for use in a range of items from pastries, baked foods, premixes, sauces, to ready-to-eat meals and dairy items. This butter powder stands out for its compatibility with various matrices, superior dispersion and hydration capabilities, and storage convenience.

Which primary segments of the butter powder market are driving growth and industry transformations?
The butter powder market covered in this report is segmented -

1) By Type: Salted Butter Powder, Unsalted Butter Powder
2) By Source: Milk, Peanut, Almond, Cocoa, Other Sources
3) By Nature: Organic, Conventional
4) By Distribution Channel: Supermarket And Hypermarket, Business To Business, Convenience Stores, Online Retail, Other Distribution Channels
5) By Application: Bakery And Confectionery, Sweet And Savory Snacks, Sauces And Condiments, Other Applications

Subsegments:
1) By Salted Butter Powder: Standard Salted Butter Powder, Low-Sodium Salted Butter Powder
2) By Unsalted Butter Powder: Full-Fat Unsalted

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North America was the largest region in the butter powder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the butter powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the influential players reshaping the butter powder market landscape?
Major companies operating in the butter powder market are Olam International, United Natural Foods Inc., Fonterra International, Hoosier Hill Farm, Arla Foods Group, Valio Ltd., Goodman Fielder, Westland Milk Products, California Dairies Inc., Grassland Dairy Products Inc., Murray Goulbam Co-operative Co. Limited, Nutricost, BetterBody Foods, Betty Lou's Inc., PB2 Foods Inc., Kanegrade Limited, LAITA PGC, Meggle Group, EPI Ingredients, Packit Gourmet, Nutrient Survival, Powbab Inc.

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What Is Covered In The Butter Powder Global Market Report?

•Market Size Forecast: Examine the butter powder market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the butter powder market for a structured understanding.
•Key Players Overview: Analyze major players in the butter powder market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the butter powder market.
•Segment Contributions: Evaluate how different segments drive overall growth in the butter powder market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the butter powder market.
•Industry Challenges: Identify potential risks and obstacles affecting the butter powder market.
•Competitive Landscape: Review strategic developments in the butter powder market, including expansions, agreements, and new product launches.

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