Buttermilk Powder Market Growth, Size, Trends, Revenue, Demand and Future Outlook
Buttermilk Powder Market Growth, Size, Trends Analysis - By Nature, By Application, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2024 | Report ID: FOOD24142 | Pages: 1 - 247 | Formats*: |
| Category : Food & Beverages | |||
Global Buttermilk Powder Market Introduction and Overview
According to SPER Market Research, the Global Buttermilk Powder Market is estimated to reach USD 5.74 billion by 2033 with a CAGR of 6.45%.
The report includes an in-depth analysis of the Global Buttermilk Powder Market, including market size and trends, product mix, Applications, and supplier analysis. Buttermilk powder is made by separating liquid buttermilk from its water. Dry buttermilk's protein content must be at least 30%. Dry buttermilk improves the nutrition, freshness, and shelf life of ready-to-cook and processed foods. It contains a high concentration of phosphorus, which aids in the formation of RNA and DNA. Because of its numerous health benefits, dried buttermilk is becoming increasingly popular in the food and beverage, sports and nutritional supplement, and animal feed industries.
- Heritage Foods Ltd. introduced a new line of milkshakes in handy single-serve carton boxes and a new line of buttermilk products under the A-One brand in March 2023. A natural, low-calorie beverage made from fermented fresh Heritage milk is the Heritage A-One Spiced Buttermilk. Natural green chilies and ginger extracts add to its smooth, thick texture and well-balanced sour and salty flavor, making it a delightful beverage to have on hand.
- Sid's Farm introduced a new buttermilk product in April 2023, marketing it as a cool summer beverage. This buttermilk is intended for health-conscious individuals searching for wholesome beverage options and is created with premium, fresh ingredients. The probiotic-rich product has several health advantages, such as improving immunity and facilitating digestion.
Market Opportunities and Challenges
Opportunities:
Increased demand in the food and beverage industry - Buttermilk powder is becoming increasingly popular in a variety of culinary and beverage applications, signaling a significant industry trend. Its functional features make it an excellent addition to recombined milk, UHT milk, dairy spreads, growing-up milk (infant formula), sweets, bread items, soups, sauces, flavored milk, and ready-to-drink milk. Buttermilk powder is being used more frequently as consumer demand for ready-to-eat and convenience foods grows. Its potential to improve flavor, texture, and nutritional value makes it a desirable option for food manufacturers. Buttermilk powder is increasingly being used in the bread and confectionery industries due to its emulsifying properties and creamy flavor.
Challenges: The buttermilk powder market is facing considerable challenges due to increased competition from alternative dairy and plant-based ingredients. As consumer preferences evolve towards plant-based diets for health and environmental reasons, products like almond, soy, and oat milk gain popularity, posing a direct threat to traditional dairy goods such as buttermilk powder. This competitive environment may result in pricing pressure and lower market share for conventional dairy products. Additionally, volatile raw material prices in the dairy business exacerbate the dilemma. Feed cost changes, fluctuating weather patterns, and global supply chain disruptions all have a considerable impact on milk production costs. As a result, price fluctuations might reduce profit margins for buttermilk powder manufacturers, making it difficult to maintain consistent pricing.
Market Competitive Landscape
The buttermilk powder sector is extremely consolidated, with only a few significant players controlling the vast majority of production and supply. These significant firms maintain their sector leadership by leveraging innovative production technology, huge distribution networks, and high brand recognition. Key market players are Agropur; Fonterra Co-operative Group Limited; Dairy Farmers of America, Inc; Arla Foods Ingredients Group P/S; North Cork Creameries Ltd; NOW Foods; NUMIDIA BV; California Dairies, Inc; Valio Oy; UELZENA eG.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Nature, By Application, By Distribution Channel |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Agropur; Fonterra Co-operative Group Limited; Dairy Farmers of America, Inc; Arla Foods Ingredients Group P/S; North Cork Creameries Ltd; NOW Foods; NUMIDIA BV; California Dairies, Inc; Valio Oy; UELZENA eG. |
By Nature Insights:
The revenue share of conventional buttermilk powder was substantial in 2023. It can be found in many different products, such as ready-to-eat meals, baked goods, confections, sauces, and dressings. It is an essential component of many food processing procedures due to its versatility. Furthermore, established production and distribution networks make it easier to find on the market. Because of its easy sourcing for producers and customers, the product is becoming more and more in demand.
COVID-19 Impact on Global Buttermilk Powder Market
The COVID-19 pandemic has had a mixed impact on the buttermilk powder market. Despite an initial supply chain disruption brought on by transit restrictions and lockdown measures, the market quickly recovered as consumer demand for packaged and convenience food items rose. The pandemic's growing focus on health and well-being also increased demand for wholesome, natural items like buttermilk powder.
Key Target Audience:
- Food & Beverage Manufacturers
- Health & Nutrition Industry
- Animal Feed Industry
- Retail and Consumer Goods
- Cosmetics & Personal Care Industry
- Hospitality & Foodservice Industry
- Exporters & Importers
- Government and Non-Profit Organizations
- Industrial Buyers
Our in-depth analysis of the Global Buttermilk Powder Market includes the following segments:
| By Nature: | |
| By Application: | |
| By Distribution Channel: |
Key Topics Covered in the Report:
- Global Buttermilk Powder Market Size (FY’2024-FY’2033)
- Overview of Global Buttermilk Powder Market
- Segmentation of Global Buttermilk Powder Market By Nature (Organic, Conventional)
- Segmentation of Global Buttermilk Powder Market By Application (Food & Beverages, Foodservice, Household)
- Segmentation of Global Buttermilk Powder Market By Distribution Channel (B2B, B2C)
- Statistical Snap of Global Buttermilk Powder Market
- Expansion Analysis of Global Buttermilk Powder Market
- Problems and Obstacles in Global Buttermilk Powder Market
- Competitive Landscape in the Global Buttermilk Powder Market
- Impact of COVID-19 and Demonetization on Global Buttermilk Powder Market
- Details on Current Investment in Global Buttermilk Powder Market
- Competitive Analysis of Global Buttermilk Powder Market
- Prominent Players in the Global Buttermilk Powder Market
- SWOT Analysis of Global Buttermilk Powder Market
- Global Buttermilk Powder Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Buttermilk Powder Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Buttermilk Powder Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Buttermilk Powder Market
7. Global Buttermilk Powder Market, By Nature (USD Million) 2020-2033
7.1. Global Buttermilk Powder Market Size, Share and Forecast, By Nature, 2020-20267.2. Global Buttermilk Powder Market Size, Share and Forecast, By Nature, 2027-20337.3. Organic7.4. Conventional
8. Global Buttermilk Powder Market, By Application (USD Million) 2020-2033
8.1. Global Buttermilk Powder Market Size, Share and Forecast, By Application, 2020-20268.2. Global Buttermilk Powder Market Size, Share and Forecast, By Application, 2027-20338.3. Food & Beverages8.3.1. Beverages8.3.2. Bakery & Confectionery8.3.3. Dairy Products8.3.4. Others8.4. Foodservice8.5. Household
9. Global Buttermilk Powder Market, By Distribution Channel (USD Million) 2020-2033
9.1. Global Buttermilk Powder Market Size, Share and Forecast, By Distribution Channel, 2020-20269.2. Global Buttermilk Powder Market Size, Share and Forecast, By Distribution Channel, 2027-20339.3. B2B9.4. B2C9.4.1. Hypermarkets & Supermarket9.4.2. Convenience stores9.4.3. Online9.4.4. Others
10. Global Buttermilk Powder Market Forecast, 2020-2033 (USD Million)
10.1. Global Buttermilk Powder Market Size and Market Share
11. Global Buttermilk Powder Market, By Region, 2020-2033 (USD Million)
11.1. Global Buttermilk Powder Market Size and Market Share By Region (2020-2026)11.2. Global Buttermilk Powder Market Size and Market Share By Region (2027-2033)11.3. Asia-Pacific11.3.1. Australia11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific11.4. Europe11.4.1. France11.4.2. Germany11.4.3. Italy11.4.4. Spain11.4.5. United Kingdom11.4.6. Rest of Europe11.5. Middle East and Africa11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Qatar11.5.4. South Africa11.5.5. Egypt11.5.6. Morocco11.5.7. Nigeria11.5.8. Rest of Middle-East and Africa11.6. North America11.6.1. Canada11.6.2. Mexico11.6.3. United States
11.7. Latin America
11.7.1. Argentina11.7.2. Brazil11.7.3. Rest of Latin America
12. Company Profile
12.1. Agropur12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Fonterra Co-operative Group Limited12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Dairy Farmers of America, Inc12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Arla Foods Ingredients Group P/S12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. North Cork Creameries Ltd
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. NOW Foods12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. NUMIDIA BV12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. California Dairies, Inc12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Valio Oy12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. UELZENA eG12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.11. Others12.10.4. Recent developments
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Buttermilk Powder Market is projected to reach USD 5.74 billion by 2033, growing at a CAGR of 6.45% during the forecast period.
Buttermilk Powder Market grew in Market size from 2024. The Market is expected to reach USD 5.74 billion by 2033, at a CAGR of 6.45% during the forecast period.
Buttermilk Powder Market CAGR of 6.45% during the forecast period.
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Buttermilk Powder Market size is USD 5.74 billion from 2024 to 2033.
Buttermilk Powder Market is covered By Nature, By Application, By Distribution Channel
The North America is anticipated to have the highest Market share in the Buttermilk Powder Market.
The Key players in the Market include Companies Covered Agropur; Fonterra Co-operative Group Limited; Dairy Farmers of America, Inc; Arla Foods Ingredients Group P/S; North Cork Creameries Ltd; NOW Foods; NUMIDIA BV; California Dairies, Inc; Valio Oy; UELZENA eG.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
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