Butter Powder Market By Nature (Conventional, Organic), By Flavour (Cocoa, Almond, Peanut, Others), By Distribution Channel (Supermarket/Hypermarket, Convenience Store, B2B, Specialty Store, Online Store): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global Butter Powder Market was valued at $376.7 million in 2022, and is projected to reach $643.8million by 2032, registering a CAGR of 5.5% from 2023 to 2032. Butter powder is a dehydrated version of butter. It offers convenience and a longer shelf life. Butter powder is stored easily without refrigeration and can be rehydrated by adding water when needed. Moreover, it is used in various food application such as baking, cooking, and as a seasoning. Compared to other dried foods, powdered butter requires fewer preservatives to maintain its quality. Although it may not have the exact texture of fresh butter, it provides a buttery flavor and is a practical option for camping, hiking, or when fresh butter is not readily available.
The butter powder market is segmented into nature, by flavor, distribution channel, and region. By nature, the market is divided into conventional and organic. By flavor, the market is segregated into cocoa, almond, peanuts, and others. On basis of distribution channel, It is categorized into supermarket/hypermarket, convenience store, B2B, specialty store, and online store. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, United Arab Emirates, South Africa, Saudi Arabia, and rest of LAMEA).
The impact of the COVID-19 outbreak was moderate on the growth of the butter powder market. Trade restrictions and lockdown ceased the activities carried out in production and manufacturing units. Conversely, the recovery of the butter powder market is expected in the near future.
The demand for butter powder has escalated significantly across North America and Europe owing to its longer shelf life, non-perishability, and heat stability. In addition, the powder adds a rich, creamy essence to seasonings, sauces, and snacks, thus enhancing the flavor and fragrance of the meals. It functions as a flavoring agent, a source of fat, or a butter substitute in the products to meet consumer expectations for components that are ready to use. Because it can fit with the convenience food trend and provide consumers with delicious, easy-to-use substitutes that deliver the soothing taste of butter, several businesses include butter powder in their product lineups. Moreover, butter powder finds its major application in the food industry due to multiple benefits associated with it. For instance butter powder can be added into a range of food products such as bread, cakes, cookies, muffins, and other baked goods. It also improves texture and moisture content as well as adds a deep buttery flavor. Moreover, in confectioneries, it imparts a smooth, creamy texture to chocolates, thus intensifying the taste. Furthermore, the demand for butter powder has increased due to a variety of nutritional characteristics that cater to consumers' demands and tastes.
Lactose-intolerant consumers prefer using butter powder made from clarified butter. This is attributed to the fact that the clarified butter contains less lactose than regular butter, thus serving as a healthier alternative for individuals suffering from lactose intolerance. Moreover, some consumers use butter powder as a low-fat replacement for real butter. In these situations, butter powder made from low-fat milk is preferred. In addition, the availability of flavors such as chocolate, almond, peanut, and cashew along with others demonstrated that they were a healthy substitute for traditional butter powder.
However, availability alternatives in the market limits the demand for butter powder, thus resulting in a fierce competition. For instance, margarine and other spreads made from vegetable oils and fats serve as healthier alternatives to butter powder as they have low fat content. Dietary changes and consumer preferences have an impact on the market; thus, it is important for butter powder makers to effectively differentiate their products. Moreover, the market for butter powder has been impacted by changes in the cost of raw materials. Butter powder is made from milk fat-derived dehydrated butter. Consequently, variations in the cost and availability of raw materials, particularly milk, have a significant effect on the industry. Furthermore, changes in the price of raw materials have a direct influence on producers of butter powder. Increase in the cost of milk or milk fat raises the overall expenses related to producing butter powder. Thus, the aforementioned factors are anticipated to restrain the market expansion.
The major players operating in the butter powder industry are Garden of Life, BetterBody Foods, PB2 Foods, Inc., Nutricost, Powbab, Betty Lou's Inc., Z Natural Food, LLC, Nutrient Survival, Hoosier Hill Farm, and Laita.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the butter powder market analysis from 2022 to 2032 to identify the prevailing butter powder market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the butter powder market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global butter powder market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Distribution ChannelSupermarket/Hypermarket
Convenience Store
B2B
Specialty Store
Online Store
By NatureConventional
Organic
By FlavourOthers
Cocoa
Almond
Peanut
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
United Arab Emirates
South Africa
Saudi Arabia
Rest of LAMEA
Key Market Players
PB2 Foods,Inc
Nutrient Survival
BetterBody Foods
Betty Lou's Inc
Garden of Life
Z Natural Food,LLC
Hoosier Hill Farm
Laita
Nutricost.
powbab
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