The global butter powder market was worth US$ 2.3 Billion in the year 2022 and is expected to reach US$ 4.2 Billion by the year 2032 at a CAGR of 6.1% between 2022 and 2032.
Butter powder comes across as one of the dehydrated forms of butter finding application in popcorn, baked goods, soups, sauces, dietary supplements, beverages, confectionery, and likewise.
Powdered butter is being made available in various tastes, such as chocolate, cocoa, coconut, and likewise. Another advantage is that one need not refrigerate butter powder unlike the normal butter. It becomes easy for transportation as well as it turns out to be devoid of melting or spilling. In the food processing vertical, powdered butter works wonders regarding improvement of flavor as well as nutritional content of the products.
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With functional foods being in greater demand, the demand for butter powder is expected to substantiate in the forecast period. Moreover, with sedentary lifestyle, the millennials have realized the importance of going for healthier snacks. In other words, they prefer to go for prevention rather than cure (as office jobs often mar exercises and cause diseases like obesity).
Emergency preparedness over usual butter is another factor driving the butter powder market. Apart from this, flavors like garlic butter powder or butter powder with herbs are being asked for; which are likely to render the butter powder market unstoppable in the near future.
The post-pandemic era has enabled proliferation of online distribution and sales channels. This has actually paved the way for butter powder. Easy availability has governed easy usage as well. All these factors are expected to keep the cash registers ringing for butter powder market.
At the same time, the fact that there is a dearth of knowledge regarding availability of butter powder amongst the low-income economies can’t be ignored. This factor could restrain the butter powder market going forward.
Future Market Insights has walked through these facts with future prospects in its latest market study entitled ‘Butter Powder Market’. The team of analysts and consultants is there to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.
“With longer shelf life and simple storage, the global butter powder market is slated to witness grandeur in the forecast period”, says an analyst from Future Market Insights.
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Key Takeaways from Butter Powder Market
- North America holds the largest market share due to the US witnessing a notable rise in production as well as consumption of confectionery and bakery products all across the US. This is evident from figures released by The Harris Poll and commissioned by General Mills Foodservice, which states that 25% of Americans consumed baked goods in the year 2020 alone.
- Europe is expected to grow in the butter powder market in the forecast period on the back of Germany with plant-based dairy products getting popular. The plant-based vertical’s size is expanding in this region with mainstream consumers being more into these.
- The Asia-Pacific is expected to grow with India dominating the scene with Indians gaining awareness about the fact that normal butter could be substituted with butter powder.
Competitive Butter Powder
- Arla, in the year 2022, did inaugurate its new-fangled dairy production plant at Pronsfeld dairy (Germany) for meeting the ever-increasing demand for budget-friendly dairy nutrition.
- Olam Food Ingredients, in October 2021, came up with its new-fangled brand for underlining the customer proposition.
- Olam International, in April 2022, did announce that it would be acquiring Club Coffee (Canada) for US$ 161.7 Million.
- Kanegrade is known for offering baked goods, gravies, chocolates, butter powder, sauces, stock cubes, and soups.
What does the Report say?
- The research study is based on product type (vegan and dairy-based), by nature (conventional and organic), and by application (baked goods, dairy products, dry beverage mix, confectionery, snack food, breakfast cereals, dietary supplements, and sports nutrition).
- With growing popularity of butter powder in sports nutrition vertical, the global butter powder market is expected to grow on an astonishing note in the forecast period
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Butter Powders Market by Category
By Product Type:
- Dairy-based
- Vegan
By Nature:
- Organic
- Conventional
By Application:
- Baked Goods
- Dairy Products
- Dry Beverage Mix
- Confectionery
- Snack Food
- Breakfast Cereals
- Dietary Supplements
- Sports Nutrition
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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