According to FMI, the global butter flavor market size is slated to surpass a valuation of US$ 288 million in 2023. It is predicted to hit a valuation of US$ 569.4 million by 2033. The market is expected to register a striking CAGR of 7% from 2023 to 2033.
Global butter flavor market to exceed $288 million in 2023, surging to $569.4 million by 2033 at a notable 7% CAGR. Evolving consumer preferences favor buttery tastes without added fat, impacting culinary choices amidst health concerns, driving demand for organic butter flavors despite rarity and costliness.
As consumer preferences evolve, butter flavor is becoming more and more popular in various culinary products. Even though it might not be a direct replacement for genuine butter, butter flavor can be used as a flavoring component to give meals a buttery flavor without the added fat and calories. The prevalence of heart-related illnesses, obesity, and diabetes among young people today, along with linked health issues. This has led to a change in global consumption patterns. As a result, despite being rare and expensive, demand for items with an organic butter flavor has increased.
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Key Insights from Butter Flavor Market
- The global butter flavor size expanded at a CAGR of 2.7% from 2018 to 2022.
- In 2018, the global market size market stood at US$ 249.4 million.
- The market size stood at US$ 277.10 million in 2022.
- The organic butter flavor segment is anticipated to generate high sales during the forecast period.
- In 2022, Germany captured 3.0% shares in the global market.
- In 2022, the United Kingdom captured 5.6% shares in the global market.
Recent Developments Observed by FMI:
- In April 2023, Omsco introduced the delightful new organic salted butter line under the Grass Roots Dairy Co. brand. All of the cream used to make the new butter is organic. By engaging in regenerative, low-impact farming and boosting the natural goodness and fertility of their soils by using only natural fertilizers, Omsco Members encourage biodiversity.
- Häagen-Dazs introduced their brand-new product, the Butter Cookie Cone, in February 2023. The firm claims that it possesses all the characteristics of a traditional butter cookie made with butter, sugar, and flour. Four of the company’s most well-liked flavors include vanilla, strawberry, chocolate, and coffee. These are combined inside the thick chocolate-coated cone.
- Kagome USA introduced a new line of plant-based butter mixes for the American market in February 2023. Miso Ginger, Chipotle & Sun-Dried Tomato, and Cinnamon & Brown Sugar are among the savory options. Hot Honey Cinnamon & Brown Sugar are among the sweet options. According to Kagome, they function as a 1:1 substitute for conventional butter. Moreover, they provide important health benefits such as being cholesterol-free and having less saturated fat.
- In September 2022, Danish scientists at the DTU National Food Institute created new lactic acid bacteria. It provides a natural butter flavor that is perfect for use in dairy products and plant-based food analogs.
- GATSBY, which made its debut in June 2021, just underwent a rebranding and formulation. Additionally, two new chocolate products, Peanut Butter Cups and Sea Salt Extra Dark were also launched by the company. Low-calorie, low-sugar chocolates made by GATSBY are made using allulose, a naturally occurring sweetener. Both of the new products have just 2 grams of sugar per serving. Compared to the new Peanut Butter Cups’ 50 calories per cup, the vegan Sea Salt Extra Dark chocolate bar has just 60 calories per serving.
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Key Players in the Global Market
- Butter Buds Inc.
- DairyChem Inc.
- The Tatua Co-operative Dairy Company Limited
- H.B. Taylor CO.
- The Edlong Corporation
- Blue Pacific Flavors
- Comax FLavours
- Firmenich Incorporated
- International Flavors and Fragrances
- Others
Market Segmentation
By Form:
- Liquid Form
- Powder Form
By Nature:
- Natural
- Organic
- Artificial
By Product Type:
- Vegan
- Dairy-based Flavors
By End-use Application:
- Baked Goods
- Savoury
- Soups, Sauces, Condiments
- Prepared Food & Ready Meals
- Meat Poultry & Seafood
- Seasoning Blends
- Savoury Snacks
- Dairy Products
- Vegan Milk
- Hot Chocolate
- Ice Cream & Desserts
- Yogurt
- Flavored Milk
- Spreads
- Other Dairy Products (Cream, Buttermilk)
- Dry Beverage Mix
- Instant Coffee
- Cocoa
- Protein Blends
- Confectionery
- Dry Mixes (Pancakes, Waffles, Muffins)
- Meal Replacers
- Microwave Popcorn
- Margarine
- Snack Food
- Breakfast Cereal
- Dietary Supplements
- Sports Nutrition
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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