According to a recent report by Fact.MR, a leading market research and competitive intelligence provider, the global buttermilk powder market is anticipated to reach a valuation of $4.59 billion by 2024.
The demand for buttermilk powder on a global scale is expected to witness a compound annual growth rate (CAGR) of 6.3 per cent from 2024 to 2034.
The increasing popularity of buttermilk powder is primarily driven by the growing awareness of its health benefits among health-conscious consumers. Additionally, its utilisation to impart creamy textures to various food products and ensure even distribution of flavours contributes to its rising demand. Many individuals are turning to buttermilk powder due to its unique ability to prevent the formation of fat granules, thereby enhancing the appearance of the final product.
Key segments highlighted in the report:
The research report emphasises key segments of the buttermilk powder industry, highlighting benefits such as improved oral and bone health, as well as enhanced blood pressure management.
The report also predicts a surge in the consumption of organic buttermilk powder in both animal feed and food & beverages industries over the next decade. Notably, buttermilk powder is positioned as a viable substitute for skimmed milk powder owing to its favourable organoleptic properties.
Key takeaway from market study
- The global buttermilk powder market is pegged at $4.59 billion in 2024.
- Worldwide sales of buttermilk powder are forecasted to reach $8.47 billion by the end of 2034.
- The market is predicted to expand at 6.3 per cent CAGR from 2024 to 2034.
- East Asia is projected to hold 25.2 per cent share of global market revenue by 2034-end.
- Sales of buttermilk powder in Japan are predicted to reach $352.4 million by the end of 2034.
- Demand for buttermilk powder in Canada is estimated at $185.8 million in 2024.
- The industrial segment is predicted to account for 36.6 per cent share of the global market by 2034.
“Widespread application of dry buttermilk powder as an effective alternative to skimmed milk powder and as a functional ingredient is predicted to fuel its demand,” said a Fact.MR analyst.
Prominence of China in East Asia due to increased awareness about health benefits of buttermilk powder
Increased sales of buttermilk powder in China are attributed to the rising awareness about its health benefits. Easy preservation and longer shelf life of buttermilk powder are also contributing to its growing demand in China. Further, its use in bakeries & confectioneries is projected to be a triggering factor to stimulate its demand.
Leading buttermilk powder manufacturers
Key companies manufacturing buttermilk powder are Hoogwegt Group, All American Foods, Contenental Dairy Facilities, LLC, Agropur, Fonterra Co-operative Group Limited, DFA Ingredients Solutions, IPS-Ingredis, North Cork Creameries, Lactalis Ingredients, NOW Health Group, Dairygold Deutschland Handels GmbH, California Dairies, Inc., Westland Milk Products, Valio Ltd., Uelzena Group, Numidia BV, ACE International LLP, Bempresa, and Michigan Milk Producer Association.
The forecast indicates that spray-dried buttermilk powder is poised to capture a 50.5 per cent share of the global market revenue by 2034. The escalating demand for spray-dried buttermilk powder, in contrast to the atmospheric roller-dried variant, is attributed to its superior solubility. Consequently, reconstituting spray-dried milk into liquid form becomes notably easier, offering enhanced convenience for various food applications.
The utilisation of spray-drying technology contributes to the preservation of buttermilk’s texture, flavor, and overall quality. In comparison to alternative drying methods, this technology retains more of the original characteristics that might otherwise undergo changes during the processing stage.
More valuable insights on offer
Fact.MR, in its new offering, presents an unbiased analysis of the buttermilk powder market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on type (atmospheric roller dried, spray dried), nature (organic, conventional), end user (retail, foodservice, industrial, animal feed), and distribution channel (business to business, business to consumer), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).