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Buttermilk Powder Market Trends

Report ID: GMI11583
Published Date: Sep 2024
Report Format: PDF

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Buttermilk Powder Market Trends

Current trends in the buttermilk powder industry include rising consumer demand for clean-label and organic products, driven by health-conscious eating habits and sustainability concerns. The food and beverage industry is increasingly incorporating buttermilk powder into dairy, bakery, and snack formulations for its functional properties and flavor enhancement. Upcoming trends point towards the development of high-protein, fortified buttermilk powders and increased usage in emerging markets, particularly in Asia-Pacific. There’s also a growing focus on innovation in sustainable packaging and ingredient transparency, aligned with global sustainability initiatives and consumer preferences for traceable, natural ingredients.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of buttermilk powder reached USD 3.5 billion in 2023 and is projected to grow at 6.1% CAGR from 2024 to 2032.

The food and beverage industry is expected to expand to USD 2.4 billion by 2032, with a CAGR of 6.3% due to its versatile applications in various culinary processes

The North America market is expected to reach USD 1.8 billion by 2032, with a CAGR of 6.1% driven by its robust dairy industry and established processing infrastructure.

The offline distribution channel is projected to cross USD 5.1 billion by 2032, with a CAGR of 6.1% on account of established distribution channels, including supermarkets, hypermarkets, and specialty grocery stores.

Leading players in the industry include Agropur, NOW Foods, NUMIDIA BV, California Dairies, Inc, Valio Oy, UELZENA eG, Dairygold Deutschland Handels GmbH, Westland Milk Products, Fonterra Co-operative Group Limited.