Butter Powder Global Market Report 2024

Description

Butter powder is derived from real butter that undergoes a dehydration process to remove water and milk solids, resulting in a powdered form rich in butterfat. It maintains the flavor and richness of butter, serving as a convenient substitute for fresh butter across different culinary uses.

There are two primary types of butter powder, salted and unsalted. Salted butter powder is a dehydrated, shelf-stable version of regular salted butter. These products, sourced from various ingredients such as milk, peanuts, almonds, and cocoa, are available in organic and conventional varieties. They are distributed through supermarkets, hypermarkets, online retail, and other channels, catering to applications such as bakery, confectionery, snacks, sauces, and condiments.

The butter powder market research report is one of a series of new reports from The Business Research Company that provides butter powder market statistics, including butter powder industry global market size, regional shares, competitors with a butter powder market share, detailed butter powder market segments, market trends, and opportunities, and any further data you may need to thrive in the butter powder industry. This butter powder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The butter powder market size has grown strongly in recent years. It will grow from $2.12 billion in 2023 to $2.25 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth observed in the historic period can be credited to several factors, including the extended shelf life compared to regular butter, the convenience offered by butter powder, increased demand for processed and convenient foods, enhanced production capabilities, and rising disposable incomes among consumers.

The butter powder market size is expected to see strong growth in the next few years. It will grow to $2.86 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. Anticipated growth in the forecast period is driven by escalating consumer health consciousness, a growing demand for cooking and baking products, expansion of the foodservice industry, increasing consumer awareness and preferences, and the growing prevalence of vegan and plant-based diets. Key trends expected in this period include the adoption of eco-friendly packaging, advancements in butter powder production techniques, and ongoing product innovations.

The butter powder market is poised for growth due to rising demand for bakery products. Bakery products encompass a wide array of food items crafted and sold by bakeries. This demand is fueled by efforts to enhance consumer experiences, meet increasing demand for healthier choices, and expand product offerings. Butter powder serves as a convenient ingredient in bakery goods, providing a means to incorporate buttery flavor and texture without fresh butter. For example, in February 2024, the Agriculture and Horticulture Development Board reported a 1% increase in baking demand to 13 million occasions in 2023, driven by a surge in sweet home baking, which rose by 29 million occasions. Thus, the expanding bakery product market is a key driver of butter powder consumption.

Major companies in the butter powder market are focusing on innovation, particularly in developing products such as additive-free butter powder, in response to growing consumer demand for natural and clean-label ingredients. Additive-free butter powder, a dairy-based product, maintains the natural qualities of butter while excluding artificial ingredients, resulting in a clean-label, all-natural option. For example, Epi Ingredients, a French company specializing in butter powder, introduced additive-free butter powder in May 2024. According to the company, this product is derived from natural milk fat, offering manufacturers a clean-label choice. It finds application across various sectors such as pastries, baked goods, premixes, sauces, ready meals, and dairy products. This butter powder is recognized for its excellent integration into formulations, superior dispersion and hydration properties, and ease of storage.

In March 2024, Lakeland Dairies, an Ireland-based dairy company, finalized the acquisition of De Brandt Dairy International NV for an undisclosed sum. This strategic move aims to enhance Lakeland Dairies' footprint in the European market and strengthen its operational capacity in the premium texturized butter segment. De Brandt Dairy International NV, headquartered in Belgium, specializes in manufacturing various dairy products, including butter powder.

Major companies operating in the butter powder market are Olam International, United Natural Foods Inc., Fonterra International, Hoosier Hill Farm, Arla Foods Group, Valio Ltd., Goodman Fielder, Westland Milk Products, California Dairies Inc., Grassland Dairy Products Inc., Murray Goulbam Co-operative Co. Limited, Nutricost, BetterBody Foods, Betty Lou's Inc., PB2 Foods Inc., Kanegrade Limited, LAITA PGC, Meggle Group, EPI Ingredients, Packit Gourmet, Nutrient Survival, Powbab Inc.

North America was the largest region in the butter powder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the butter powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the butter powder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The butter powder market consists of the sale of sweet cream powder, regular butter powder, organic butter powder, butter substitute powder, and, fat-free butter powder. Values in this market are 'factory gate' values, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Butter Powder Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on butter powder market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Where is the largest and fastest growing market for butter powder ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The butter powder market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Salted Butter Powder; Unsalted Butter Powder
2) By Source: Milk; Peanut; Almond; Cocoa; Other Sources
3) By Nature: Organic; Conventional
4) By Distribution Channel: Supermarket And Hypermarket; Business To Business; Convenience Stores; Online Retail; Other Distribution Channels
5) By Application: Bakery And Confectionery; Sweet And Savory Snacks; Sauces And Condiments; Other Applications
Companies Mentioned: Olam International; United Natural Foods Inc.; Fonterra International; Hoosier Hill Farm; Arla Foods Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r19327

1. Executive Summary

2. Butter Powder Market Characteristics

3. Butter Powder Market Trends And Strategies

4. Butter Powder Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Butter Powder Market Size and Growth

5.1. Global Butter Powder Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Butter Powder Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Butter Powder Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Butter Powder Market Segmentation

6.1. Global Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Salted Butter Powder
Unsalted Butter Powder
6.2. Global Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Milk
Peanut
Almond
Cocoa
Other Sources
6.3. Global Butter Powder Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Organic
Conventional
6.4. Global Butter Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Supermarket And Hypermarket
Business To Business
Convenience Stores
Online Retail
Other Distribution Channels
6.5. Global Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Bakery And Confectionery
Sweet And Savory Snacks
Sauces And Condiments
Other Applications

7. Butter Powder Market Regional And Country Analysis

7.1. Global Butter Powder Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Butter Powder Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Butter Powder Market

8.1. Asia-Pacific Butter Powder Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Butter Powder Market

9.1. China Butter Powder Market Overview
9.2. China Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Butter Powder Market

10.1. India Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Butter Powder Market

11.1. Japan Butter Powder Market Overview
11.2. Japan Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Butter Powder Market

12.1. Australia Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Butter Powder Market

13.1. Indonesia Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Butter Powder Market

14.1. South Korea Butter Powder Market Overview
14.2. South Korea Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Butter Powder Market

15.1. Western Europe Butter Powder Market Overview
15.2. Western Europe Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Butter Powder Market

16.1. UK Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Butter Powder Market

17.1. Germany Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Butter Powder Market

18.1. France Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Butter Powder Market

19.1. Italy Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Butter Powder Market

20.1. Spain Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Butter Powder Market

21.1. Eastern Europe Butter Powder Market Overview
21.2. Eastern Europe Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Butter Powder Market

22.1. Russia Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Butter Powder Market

23.1. North America Butter Powder Market Overview
23.2. North America Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Butter Powder Market

24.1. USA Butter Powder Market Overview
24.2. USA Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Butter Powder Market

25.1. Canada Butter Powder Market Overview
25.2. Canada Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Butter Powder Market

26.1. South America Butter Powder Market Overview
26.2. South America Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Butter Powder Market

27.1. Brazil Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Butter Powder Market

28.1. Middle East Butter Powder Market Overview
28.2. Middle East Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Butter Powder Market

29.1. Africa Butter Powder Market Overview
29.2. Africa Butter Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Butter Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Butter Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Butter Powder Market Competitive Landscape And Company Profiles

30.1. Butter Powder Market Competitive Landscape
30.2. Butter Powder Market Company Profiles
- 30.2.1. Olam International
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. United Natural Foods Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Fonterra International
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Hoosier Hill Farm
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Arla Foods Group
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Butter Powder Market Other Major And Innovative Companies

31.1. Valio Ltd.
31.2. Goodman Fielder
31.3. Westland Milk Products
31.4. California Dairies Inc.
31.5. Grassland Dairy Products Inc.
31.6. Murray Goulbam Co-operative Co. Limited
31.7. Nutricost
31.8. BetterBody Foods
31.9. Betty Lou's Inc.
31.10. PB2 Foods Inc.
31.11. Kanegrade Limited
31.12. LAITA PGC
31.13. Meggle Group
31.14. EPI Ingredients
31.15. Packit Gourmet

32. Global Butter Powder Market Competitive Benchmarking

33. Global Butter Powder Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Butter Powder Market

35. Butter Powder Market Future Outlook and Potential Analysis

35.1 Butter Powder Market In 2028 - Countries Offering Most New Opportunities
35.2 Butter Powder Market In 2028 - Segments Offering Most New Opportunities
35.3 Butter Powder Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer