Buttermilk Powder Market size is anticipated at US$ 3.02 billion in 2024, with a 6.3% CAGR to reach US$ 5.57 billion by the end of 2034.
The buttermilk powder market is a segment within the dairy industry that focuses on the production, distribution, and consumption of powdered buttermilk. Buttermilk powder is derived from buttermilk through a dehydration process, which involves removing moisture to create a shelf-stable product with a longer lifespan compared to liquid buttermilk.
This market is driven by various factors including the growing demand for convenience foods, increasing consumer awareness about the nutritional benefits of dairy products, and the versatility of buttermilk powder in food processing applications. It is commonly used as an ingredient in baked goods, confectionery, sauces, dressings, and other culinary products.
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Rising Demand in Food Applications
Buttermilk powder finds extensive utilization in various food applications, including bakery products, confectioneries, and dairy blends. Its ability to enhance flavor profiles while extending shelf life makes it a preferred choice among food manufacturers.
Health-conscious Consumers Driving Growth
As health-consciousness continues to rise globally, consumers are increasingly opting for healthier alternatives. Buttermilk powder, known for its nutritional value and low-fat content, perfectly aligns with this trend, further propelling market growth.
Expanding Applications in the Nutraceutical Sector
The nutraceutical sector is witnessing a surge in demand for functional food ingredients, and buttermilk powder stands out as a versatile component. Its inclusion in dietary supplements and health-focused products is amplifying market expansion opportunities.
Market Penetration in Emerging Economies
Emerging economies present lucrative prospects for market players, with increasing disposable incomes and evolving dietary patterns. The accessibility and affordability of buttermilk powder make it a favored choice among consumers in these regions, driving market penetration.
Market Segmentations:
Global Buttermilk Powder Market: By Company
Fonterra Co-Operative Group
Grain Millers
Agri-Mark
Land O’ Lakes
Dairy Farmers of America
Arion Dairy Products
Innova Food Ingredients
Global Buttermilk Powder Market: By Type
Spray Dried Buttermilk Powder
Atmospheric Roller Dried Buttermilk Powder
Global Buttermilk Powder Market: By Application
Bakery and Confectionery Products
Frozen Desserts
Beverages
Specialty Foods
Soups & Sauces
Others
Global Buttermilk Powder Market: Regional Analysis
The regional analysis of the global Buttermilk Powder market provides insights into the market’s performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Buttermilk Powder market report are as follows:
North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Buttermilk Powder in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.
Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Buttermilk Powder in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.
Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Buttermilk Powder in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.
Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.
South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Buttermilk Powder in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.
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