Butter Powder Market to Reach $4.43 Billion by 2029, Growing at a 6.5% CAGR

Butter Powder Market Set to Reach USD 4.43 Billion by 2029

Anticipated to Grow at a CAGR of 6.5% from 2023 to 2029

The global buttermilk powder market is projected to expand significantly, with forecasts indicating an increase from USD 2.85 billion in 2022 to USD 4.43 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.5% during the forecast period.

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Market Dynamics and Growth Drivers

The rising demand for buttermilk powder is primarily attributed to:

Health Consciousness: Consumers are increasingly seeking low-fat and nutritious products, positioning buttermilk powder as a preferred choice due to its health benefits.

Versatility in Applications: Buttermilk powder's adaptability in enhancing flavor and texture makes it a valuable ingredient in various food products, including baked goods, sauces, and dairy formulations.

Extended Shelf Life: Compared to liquid buttermilk, the powder form offers a longer shelf life, catering to the growing demand for convenient and long-lasting food ingredients.

Competitive Landscape

The buttermilk powder market features several key players contributing to its growth:

Arla Foods: A global dairy company offering a range of buttermilk powder products renowned for quality and consistency.

Fonterra Co-operative Group: A leading dairy exporter providing high-quality buttermilk powder to various markets worldwide.

DairyAmerica, Inc.: Specializes in producing and distributing dairy powders, including buttermilk powder, across international markets.

Glanbia plc: Offers a diverse portfolio of dairy products, with buttermilk powder being a significant component.

Sodiaal Group: A French dairy cooperative known for its extensive range of dairy powders, including buttermilk powder.

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Regional Insights

United States: Growth and Consolidation

The United States maintains a robust buttermilk powder market, driven by its applications in the food and beverage industry, particularly in bakery products, sauces, and dairy formulations. The presence of major companies like DairyAmerica, Inc. ensures a steady supply to meet domestic demand.

Asia Pacific: Opportunities and Trends

The Asia Pacific region is experiencing significant growth in buttermilk powder demand, particularly due to rapid urbanization and changing lifestyles leading to a higher demand for convenient and ready-to-use food products. The rapid expansion of the food processing industry in Asia-Pacific is a major driver. Buttermilk powder is used in various processed foods, including baked goods, dairy products, and snacks, enhancing flavor and nutritional profile.

Europe: Trends and Updation

Europe's buttermilk powder market is driven by the expanding bakery sector, with buttermilk powder used to improve the texture and flavor of various baked goods, including cakes, bread, and pastries. The rise in demand for dairy-based products, including those that are lactose-free or have a lower fat content, contributes to the increased use of buttermilk powder in specialized products.

Middle East and Africa: Emerging Opportunities

The Middle East and Africa are witnessing a gradual increase in buttermilk powder demand, primarily due to the expansion of the food processing industry and the growing middle-class population. Investments in infrastructure and public health initiatives are expected to further drive market growth in these regions.

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Market Segmentation: In-Depth Analysis:

by Flavour
Peanut butter powder
Almond butter powder
Cocoa butter powder
Other

The market for butter powder is divided into several segments, including cocoa butter powder, peanut butter powder, and almond butter powder. During the 2023-2029 projection period, the worldwide butter powder market is anticipated to see a higher compound annual growth rate (CAGR) of 4.0% for almond butter powder, with a value of 361.11 million. Protein, fiber, vitamin E, manganese, vitamin B2, magnesium, and phosphorus are all abundant in almond meal. Numerous health advantages of almond flour include decreasing blood pressure, boosting immunity, improving focus, and preserving mental clarity.

by Nature
Conventional
Organic

by Certification Type
Non-GMO
GMO
Kosher certified

by End-Use
Food and Beverage
Bakery & Confectionery
Dairy
Soups and Sauces
Ready to eat meals
Cosmetics and Personal Care Products
Household
Foodservice industry

The food and beverage, household, foodservice, and cosmetics and personal care product sectors make up the worldwide butter powder market. In 2021, the normal seat segment is anticipated to have the biggest market share. The food and beverage sector is further divided into ready-to-eat meals, dairy products, soups and sauces, and bakery and confections. By 2029, it is anticipated that the food and beverage sector would control a portion of the worldwide market.

For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-buttermilk-powder-market/70047/

Learn about the top players driving innovation in the Market :

1.Kanegrade Ltd
2.ALPEN DAIRIES
3.California Dairies
4.Arla Foods
5.OLAM
6.Galactika Group
7.Murray Goulburn
8.WCB
9.Fonterra
10.President Cheese
11.Rochefort
12.KMF
13.Grassland
14.Ornua
15.Westland Milk Products
16.Goodman Fielder
17.Organic Valley
18.Packit Gourmet

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