According to a new report, published by KBV research, The Global Buttermilk Powder Market size is expected to reach $5.4 billion by 2031, rising at a market growth of 7.5% CAGR during the forecast period. In the year 2023, the market attained a volume of 157,161.9 Tonnes experiencing a growth of 14.5% (2020-2023).
There is a growing trend towards customization and personalization in food products. Buttermilk powder is used to create personalized nutrition solutions, allowing for tailored dietary supplements and meal kits that meet individual health goals and preferences. There is a trend toward using buttermilk powder to enhance culinary experiences. It is employed to create unique culinary experiences in home and professional kitchens, adding a distinct flavour and richness to dishes.
The B2B segment is registering a CAGR of 7.3 % during the forecast period. Buttermilk powder is widely used in various food products, such as baked goods, sauces, dressings, and confectioneries, making it a crucial component for food manufacturers. It offers consistent quality and functional properties essential for large-scale food production.
The Conventional segment led the Global Buttermilk Powder Market by Nature in 2023; thereby, achieving a market value of $4.2 Billion by 2031. Conventional buttermilk powder production methods are well-established and optimized for efficiency. This allows manufacturers to produce large quantities at lower costs, meeting the high demand from various industries.
The Food & Beverages segment is growing at a CAGR of 7.2 % during the forecast period. Buttermilk powder is used in various food and beverage products, including baked goods, sauces, dressings, confectioneries, dairy products, and more, making it a highly versatile ingredient. It enhances the flavour, texture, and moisture of products, which is crucial for maintaining the quality of a wide range of food items.
Full Report: https://www.kbvresearch.com/buttermilk-powder-market/
The North America region dominated the Global Buttermilk Powder Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.9 Billion by 2031. The Europe region is anticipated to grow at a CAGR of 7.4% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 8% during (2024 - 2031).
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 Geography (Volume, Tonnes, USD Billion, 2020-2031)
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