PUBLISHER: KBV Research | PRODUCT CODE: 1555925
PUBLISHER: KBV Research | PRODUCT CODE: 1555925
The Latin America, Middle East and Africa Buttermilk Powder Market would witness market growth of 7.0% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 12,723.9 Tonnes, showcasing a growth of 6.8% (2024-2031).
In convenience stores, this powder is gaining traction due to its convenience and versatility. Sales are driven by consumer demand for quick, easy-to-use ingredients that offer the benefits of fresh buttermilk without the need for refrigeration. It is often sold in single-serving or small packages, making it an attractive option for busy households and individuals who prefer ready-to-use ingredients for baking or cooking. Market Trends show increasing consumer interest in convenient, shelf-stable products, aligning with the rise of on-the-go lifestyles. Thus, the convenience stores in Brazil market registered a volume of 173.54 Tonnes in 2023.
The Brazil market dominated the LAMEA Buttermilk Powder Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $76.4 Million by 2031. The Argentina market is showcasing a CAGR of 7.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 6% during (2024 - 2031).
This powder is gaining traction in cuisines, particularly in regions where dairy ingredients are integral to traditional dishes. Its adoption in culinary practices helps localize and enrich food offerings with authentic flavours and textures. The adoption of this powder is growing in the context of sustainable product development. Its role in sustainable food systems is supported by its efficient production processes and long shelf life, aligning with efforts to reduce food waste and improve resource utilization.
Several trends are shaping this market, reflecting changes in consumer preferences, technological advancements, and industry developments. There is a notable trend towards clean-label products in the food industry, and this powder is no exception. Consumers are increasingly seeking products with minimal processing and transparent ingredient lists. This powder's natural origin and simplicity align with this trend toward cleaner, more authentic food options.
The growth of Brazil's food processing industry leads to higher demand for dairy ingredients, including this powder, in processed food products. As food processors expand their product lines, this powder is increasingly used in ready-to-eat meals, snacks, and convenience foods. According to the United States Department of Agriculture, the country's food processing sector registered revenues of US$231 billion in 2023, an increase of 7.2 percent compared to 2022. The result represents 10.8 percent of the national GDP. The sector comprises over 38,000 companies, most of which are small and medium-sized enterprises. The growth of the food service sector has led to a rise in the production of ready-to-eat and convenience foods. This powder is commonly used in these products to ensure consistent quality, flavour, and shelf stability, meeting the demands of busy consumers and food service establishments. The UAE's diverse food service sector, which caters to a wide range of international and ethnic cuisines, incorporates buttermilk powder in various traditional and innovative recipes. Its application in cuisines such as Indian, Middle Eastern, and Western influences the market by broadening its usage across different culinary traditions. In conclusion, the expansion of the food processing industry and the rising food service sector in the region are driving the market's growth.
Based on Distribution Channel, the market is segmented into B2B and B2C (Hypermarkets & Supermarkets, Convenience stores, Online, and Others). Based on Nature, the market is segmented into Conventional and Organic. Based on Application, the market is segmented into Food & Beverages (Bakery & Confectionery, Dairy Products, Beverages, and Others), Foodservice, and Household. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Buttermilk Powder Market Report Segmentation
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Nature (Volume, Tonnes, USD Billion, 2020-2031)
By Application (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)