Buttermilk Powder Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024-2032

Description

The Global Buttermilk Powder Market reached a valuation of USD 3.5 billion in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2032. This growth is fueled by the product's extensive use in the food and beverage industry, especially in bakery items, sauces, and dairy-based formulations. With its extended shelf life, rich taste, and ability to improve texture, buttermilk powder has become a staple in many processed food products. Additionally, its ease of use and versatility in large-scale food service applications further boost its appeal. There is also a growing demand for clean-label and natural products, particularly in Europe and North America, driving increased market interest.

The Asia-Pacific region is witnessing robust growth as well, propelled by the expanding bakery and dairy sectors. The demand for buttermilk powder continues to rise as consumers seek convenient, shelf-stable dairy options. Buttermilk powder, which does not require refrigeration, appeals to those looking for nutritious and versatile ingredients for baking and cooking. This trend aligns with the shift towards clean-label and natural products, which has captured the attention of health-conscious consumers.

The food and beverage industry is rapidly expanding, with buttermilk powder finding applications in snacks, baked goods, and salad dressings. Manufacturers increasingly incorporate it into their products to enhance flavor and nutritional value. By composition, the conventional buttermilk powder segment is expected to reach USD 4.5 billion by 2032, with a projected CAGR of 6.2%. Its dominance is due to its established use in various culinary applications, such as baking, sauces, and dressings, where it is valued for its ability to retain moisture and emulsify.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$3.5 Billion
Forecast Value	$5.9 Billion
CAGR	6.1%

Conventional buttermilk powder remains a staple due to its familiarity, cost-effectiveness, and well-developed dairy supply chain, which ensures consistent quality and availability. In terms of applications, the food and beverage sector is poised to reach USD 2.4 billion by 2032, with a CAGR of 6.3%. Buttermilk powder's versatility makes it an essential ingredient in a wide range of products, including snack foods and ready-to-eat meals, where it enhances taste and nutritional content. The offline distribution channel is anticipated to expand to USD 5.1 billion by 2032, growing at 6.1% CAGR.

Supermarkets, hypermarkets, and specialty stores drive this growth, as they allow consumers to examine products and make informed choices, ensuring accessibility and brand loyalty. North America is expected to record a CAGR of 6.1%, achieving USD 1.8 billion by 2032. The region's dairy industry, combined with a preference for convenient and natural products, supports the sustained growth of the buttermilk powder market.

Product Code: 11583

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Data mining sources
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Value chain
- 3.1.2 Key manufacturers
- 3.1.3 Go to market routes
- 3.1.4 Key distributors
  - 3.1.4.1 New distribution channels
- 3.1.5 Profit margins across the industry
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing demand for clean-label and natural ingredients
  - 3.2.1.2 Expanding food and beverage industry, particularly in bakery and dairy sectors
  - 3.2.1.3 Rising popularity of convenience foods and ready-to-eat meals
- 3.2.2 Market challenges
  - 3.2.2.1 High competition from alternative dairy and plant-based ingredients
  - 3.2.2.2 Volatile raw material prices, especially in the dairy industry
- 3.2.3 Market opportunities
  - 3.2.3.1 New markets/applications
  - 3.2.3.2 Growth potential analysis
3.3 Raw material landscape
- 3.3.1 Manufacturing trends
  - 3.3.1.1 Technology evolution
  - 3.3.1.2 Sustainable manufacturing
    - 3.3.1.2.1 Green practices
    - 3.3.1.2.2 Decarbonization
- 3.3.2 New raw materials
- 3.3.3 Raw material pricing trends (USD/Units)
  - 3.3.3.1 North America
  - 3.3.3.2 Europe
  - 3.3.3.3 Asia Pacific
  - 3.3.3.4 Latin America
  - 3.3.3.5 MEA
3.4 Regulations & market impact
3.5 Porter's analysis
3.6 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Size and Forecast, By Composition, 2021-2032 (USD Billion, Units)

5.1 Key trends
5.2 Organic buttermilk powder
5.3 Conventional buttermilk powder

Chapter 6 Market Size and Forecast, By Application, 2021-2032 (USD Billion, Units)

6.1 Key trends
6.2 Food & beverages
- 6.2.1 Beverages
- 6.2.2 Bakery & confectionery
- 6.2.3 Dairy products
- 6.2.4 Others
6.3 Foodservice
6.4 Household
6.5 Others

Chapter 7 Market Size and Forecast, By Distribution Channel, 2021-2032 (USD Billion, Units)

7.1 Key trends
7.2 Online retail
7.3 Offline retail
- 7.3.1 Supermarkets/hypermarkets
- 7.3.2 Specialty stores
- 7.3.3 Convenience stores
- 7.3.4 Others

Chapter 8 Market Size and Forecast, By Region, 2021-2032 (USD Billion, Units)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Agropur
9.2 NOW Foods
9.3 NUMIDIA BV
9.4 California Dairies, Inc
9.5 Valio Oy
9.6 UELZENA eG
9.7 Dairygold Deutschland Handels GmbH
9.8 Westland Milk Products
9.9 Fonterra Co-operative Group Limited
9.10 Dairy Farmers of America, Inc.
9.11 Arla Foods Ingredients Group P/S
9.12 North Cork Creameries Ltd