Categories: Food & Beverages

Butter Powder Market Drivers 2024-2033: Demand, Insights, and Overview

The Butter Powder Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Butter Powder Global Market Report 2024, 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%. The growth in the forecast period can be attributed to rising health consciousness among consumers, rise in cooking and baking products demand, expanding foodservice industry, growing consumer awareness and preference, and increases prevalence of vegan and plant-based diets. Major trends in the forecast period include eco-friendly packaging, innovations in the production of butter powder, and product innovations.

The increasing demand for bakery products is expected to propel the growth of the butter powder market going forward. Bakery products refer to a diverse range of food items produced and sold by bakeries. The demand for bakery products is due to enhancing customer experience, growing demand for healthier options, and diversifying product portfolios. Butter powder is a convenient ingredient in bakery products, offering a way to incorporate buttery flavor and texture without the need for fresh butter. For instance, in February 2024, according to the Agriculture and Horticulture Development Board, a UK-based government organization, demand for baking increased by 1% to 13 million occasions in 2023 compared to the previous year, driven by a rise in sweet home baking, which saw an increase of 29 million occasions. Therefore, the increasing number of bakery products drives the butter powder market.

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The butter powder market covered in this report is segmented –

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

Major companies operating in the butter powder market focus on developing innovative products, such as additive-free butter powder, to meet consumer demand for natural and clean-label ingredients. Additives-free butter powder is a dairy-based powder that retains the natural properties of butter while omitting any artificial ingredients, resulting in a clean-label, all-natural product. For instance, in May 2024, Epi Ingredients, a France-based company that manufactures butter powder, launched additive-free butter powder. The additive-free butter powder is made from natural milk fat, providing a clean label option for manufacturers, as stated by the company. It can be utilized in various applications, including pastries, baked goods, premixes, sauces, ready meals, and dairy products. This butter powder is noted for its ability to integrate well into matrices, excellent dispersion and hydration properties, and ease of storage.

The butter powder market report table of contents includes: