NEWARK, Del, Aug. 22, 2022 (GLOBE NEWSWIRE) -- Butter powder is a powdered form of butter. The butter powder is made by removing the water levels from the butter. Furthermore, the milk solids are being cleverly processed with the butter in order to make the butter powder.
The powdered butter comes under many flavors such as cocoa, chocolate, coconut, and many others. Unlike real butter, the butter powder does not require any refrigeration. The refrigeration is required only when it is being used in food products. The consumers can use the butter powder in many ways the butter is used in the making of food.
Globally, a large number of manufacturers are entering in the butter powder market. With this, there is a rapid increase in the competition in the butter powder market. The increasing competition has led to manufacturers providing the butter powder either at a competitive price or at a premium price in order to filter out the customers in the market. The Asia Pacific, European and North American countries are the major markets in the global butter powder market.
The butter powder market is rising as a consequence of the rise in the dairy industry across the world. There is a huge competition in the overall milk and dairy industry across the world. This has led to companies providing value addition and innovation in the products they provide.
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The butter powder is very easy to carry and handle as compared to actual butter and has a longer shelf life than that of real butter. This is driving the development of the overall butter powder market across the world.
Moreover, there is a noteworthy rise in the competition in the food & beverage industry that has propelled market players to offer value, quality, and additional elements to their products which is supporting the development of the butter powder market at large.
The market is more in the North American and European regions as a consequence of the change in the lifestyles of the consumers. Furthermore, consumers across the world are demanding better solutions in the overall food and beverages industry which is driving the development of the butter powder market at large.
Butter Powder Market Opportunities
The existing and entering manufacturers in the butter powder have a great scope in the market. The market participants have opportunities in proving various attractive blends and mixes in order to enhance the butter powder and add value to it. The market players also have a great opportunity in providing innovative and tasty flavor in the butter powder to the consumers.
Moreover, the market participants have huge opportunities in expanding the powder butter business in developing countries such as India, China, Australia, Japan, and others. These countries also have the world’s half of the population which provides a huge business platform to the manufacturers in the butter powder market.
Manufacturers also have a number of opportunities in the butter powder market as they can provide healthier options to the consumers. The rise in the organic business also provides huge scope to the manufacturers across the world.
Key Companies Profiled:
- Olam International
- Kanegrade Ltd
- Alpen Dairies
- Arla Foods
- California Dairies
- Fonterra International
- Westland Milk Products
- EPI Ingredients
- Packit Gourmet
- Goodman Fielder
- Grassland
- Murray Goulbam
- Galactic Group
- Others
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Competitive Landscape
Strong advertising plans are incredibly useful for important companies in the butter powder sector. As customers grow more aware of the benefits and ease of using butter powder, key suppliers may extend their client base with the use of educational and eye-catching advertisements. To promote or advertise, audio-visual methods including short films, as well as social media and leaflet distribution, can be employed.
Players could make use of prominent influencers' enormous viewing base to boost sales of their items through social media, which has become the finest platform for selling any product. E-Commerce has become well-known and respected by manufacturers as it has evolved from uncontrolled online shopping websites to a successful channel for direct sales over the previous decade.
For instance,
- In October 2021, Olam Food Ingredients, a global leader in natural and sustainable food ingredients and solutions launched its new brand to underline its customer proposition.
- In 2022, Arla inaugurated its new dairy production plant at Pronsfeld dairy in Germany to meet the growing demand for affordable dairy nutrition.
Butter Powders Market by Category
By Product Type:
- Dairy-based
- Vegan
By Nature:
- Organic
- Conventional
By Application:
- Baked Goods
- Dairy Products
- Dry Beverage Mix
- Confectionery
- Snack Food
- Breakfast Cereals
- Dietary Supplements
- Sports Nutrition
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Product launches & Recent Developments
3.4. Product Life Cycle Analysis
3.5. Value Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. % of Operating Margin Analysis
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
Explore FMI’s Extensive ongoing Coverage on Food and Beverage Domain
Butter and Margarine Market Size: Global butter and margarine market demand is anticipated to be valued at US$ 4,285.4Million in 2022, forecast to grow at a CAGR of 6.6% to be valued at US$8135.4Million from 2022 to 2032.
Butter Flavour Market Share: The butter flavour market was valued at US$ 258.7 Mn in 2021 and is projected to grow at a CAGR of 7.1%, to reach a value of US$ 550.1 Mn by 2032. As per the butter flavour market analysis, the organic butter flavour segment will grow by 516 BPS, while the artificial butter flavour segment lost 208 BPS over the forecast period.
Butter Concentrate Market Sales: Butter concentrate is a clarified form of butter. Butter concentrate is a cream that is used in large quantities by the food service providers and food industry manufacturers. Butter concentrate is used as a substitute for butter, due to its cost-effective nature in the food and beverages industry.
Butter Coffee Market Value: The butter coffee market is expected to record a CAGR of 4.32% during the forecast period 2022-2032, up from US$ 90.28 Billion in the year 2022 to reach a valuation of US$ 137.81 Billion by 2032.
Butter Market Volume: The global butter market is estimated to reach US$ 17.8 Bn in 2022 and is projected to surpass US$ 28.7 Bn by 2032, at a CAGR of 4.9% during the forecast period of 2022 to 2032.
Peanut Butter Market Trends: Peanut butter is a low-calorie product with high protein content prepared from grinding of dry roasted peanuts. It serves as a substitute for the dairy butter. Peanut butter can be used as toppings for food products like bread, crackers, and many others.
Vegan Butter Market Analysis: The vegan butter market is expected to top US$ 2.7 Bn in 2022 and is projected to grow at a CAGR of 5.7% between 2022 and 2032, surpassing US$ 4.8 Bn by 2032. The global vegan butter demand is projected to grow year-on-year (Y-o-Y) growth of 5.5% in 2022.
Flavored Butter And Oils Market Overview: The global flavored butter and oils market size is expected to be valued at US$ 476.7 Million in 2022. Overall demand for flavored butter and oils is projected to grow at a CAGR of 6.5% between 2022 and 2032, totaling around US$ 891.5 Million by 2032.
Cocoa Butter Market Forecast: Demand for cocoa butter market is expected to reach US$ 6.7 Bn in 2021, according to the latest Future Market Insights (FMI) study. The market value has been forecast to total US$ 9.8 Bn by 2031, exhibiting growth at CAGR of 3.8% for 2021-31.
Nut Butters Market Outlook: The global nut butters market is considered to reach a market valuation of USD 1.1 billion by the year 2022, accelerating with a CAGR of 8.7% by 2022-2032. Nut butters market sales are likely to account for 6.2% of the demand in the global butters market, which is anticipated to be valued at USD 17.8 billion by 2022 end.
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