Market Overview:
The global butter powder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for convenience foods, increasing awareness about the health benefits of butter powder, and growing demand from emerging markets. The global butter powder market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into salted butter powder and unsalted butter powder. Salted butters are those that have been treated with salt before being packaged or sold while unsalted butters are those that have not been treated with salt before packaging or sale. On the basis of application, the market is segmented into bakery & confectionery, sweet & savory snacks, sauces and condiments, ready meals, and others (including dietary supplements).
Product Definition:
Butter Powder is a dairy product that is made by evaporating milkfat and then drying the milk solids. Butter powder can be used as a butter substitute in baking or cooking, or it can be reconstituted with water to form real butter. Butter powder is also high in calcium and protein.
Salted Butter Powder:
Salted butter powder is a by-product obtained during the crystallization process of unsalted butter. It has high demand in countries such as China, Japan, and Korea where the product is used for cooking in various dishes. The product also finds application in confectionery products and bakery items preparation.
Unsalted Butter Powder:
Unsalted butter powder is a by-product obtained during the manufacturing of unsalted butter. It has high protein content and low water content which makes it ideal for use in various food products like confectionery, bakery & Convenience Foods.
The product finds application in several end-use industries including dairy, pharmaceuticals.
Application Insights:
Bakery & confectionery was the largest application segment in 2017 and accounted for a market share of more than 45% in terms of revenue. The product is widely used in bakery products, such as pastries, croissants, pains au chocolat, zeppole and gallettes. However, margarine is generally preferred over butter for making baked goods due to its higher melting point.
The growing popularity of healthy food products has driven demand for natural ingredients that are free from additives and preservatives. This trend will drive the consumption of natural ingredients like herbs and spices that are high in nutritional content but low on calories which can be used as substitutes for traditional butter powder formulations. For instance; parsley flakes can be used to replace salted or unsalted butter powder depending upon the desired flavor profile when added during cooking along with other key seasonings such as salt & pepper etcetera.
Regional Analysis:
Europe dominated the global market in terms of revenue with a share of over 30.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for butter powder from various end-use industries such as bakery and confectionery, sauces and condiments, and ready meals. Moreover, rising consumer awareness regarding its health benefits is projected to further propel industry growth during the forecast period.
Asia Pacific accounted for a significant share in 2017 owing to rapid urbanization coupled with growing population especially in China and India resulting into increased consumption of packaged food products which will drive product demand further driving industry growth during the forecast period.
North America also held a considerable volume share due to high consumption levels of baked goods along with snacks across countries such as U.S.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increase in the demand for convenient food options. Butter powder is a convenient and versatile ingredient that can be used in a variety of recipes.
- Rising popularity of healthy eating: There is a growing trend towards healthier eating, and butter powder is seen as a healthier alternative to traditional butter. It contains less fat and calories, while still providing the same flavor and texture.
- Growing use of butter powder in baking: Butter powder is becoming increasingly popular in baking applications due to its ability to provide superior taste and texture compared to other ingredients like margarine or vegetable shortening.
- Increased use by food manufacturers: Food manufacturers are increasingly using butter powder as an ingredient in their products due to its many benefits including taste, texture, shelf life, and versatility. This is driving growth in the market for butter powder globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Butter Powder Market Research Report
By Type
Salted Butter Powder, Unsalted Butter Powder
By Application
Bakery & Confectionery, Sweet & Savory Snacks, Sauces and Condiments, Ready Meals, Others
By Companies
Kanegrade Ltd, ALPEN DAIRIES, California Dairies, Arla Foods, OLAM, Galactika Group, Murray Goulburn, WCB, Fonterra, President Cheese, Kanegrade Ltd, KMF, Grassland, California Dairies, Ornua, Westland Milk Products, Goodman Fielder, Organic Valley
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Butter Powder Market Report Segments:
The global Butter Powder market is segmented on the basis of:
Types
Salted Butter Powder, Unsalted Butter Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bakery & Confectionery, Sweet & Savory Snacks, Sauces and Condiments, Ready Meals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kanegrade Ltd
- ALPEN DAIRIES
- California Dairies
- Arla Foods
- OLAM
- Galactika Group
- Murray Goulburn
- WCB
- Fonterra
- President Cheese
- Kanegrade Ltd
- KMF
- Grassland
- California Dairies
- Ornua
- Westland Milk Products
- Goodman Fielder
- Organic Valley
Highlights of The Butter Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Salted Butter Powder
- Unsalted Butter Powder
- By Application:
- Bakery & Confectionery
- Sweet & Savory Snacks
- Sauces and Condiments
- Ready Meals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Butter Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Butter powder is a type of flour that is made from ground up butter. It can be used in baking to give the dough a smooth, creamy texture.
Some of the major companies in the butter powder market are Kanegrade Ltd, ALPEN DAIRIES, California Dairies, Arla Foods, OLAM, Galactika Group, Murray Goulburn, WCB, Fonterra, President Cheese, Kanegrade Ltd, KMF, Grassland, California Dairies, Ornua, Westland Milk Products, Goodman Fielder, Organic Valley.
The butter powder market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Butter Powder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Butter Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Butter Powder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Butter Powder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Butter Powder Market Size & Forecast, 2020-2028
4.5.1 Butter Powder Market Size and Y-o-Y Growth
4.5.2 Butter Powder Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Salted Butter Powder
5.2.2 Unsalted Butter Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Bakery & Confectionery
6.2.2 Sweet & Savory Snacks
6.2.3 Sauces and Condiments
6.2.4 Ready Meals
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Butter Powder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Butter Powder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Salted Butter Powder
9.6.2 Unsalted Butter Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Bakery & Confectionery
9.10.2 Sweet & Savory Snacks
9.10.3 Sauces and Condiments
9.10.4 Ready Meals
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Salted Butter Powder
10.6.2 Unsalted Butter Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Bakery & Confectionery
10.10.2 Sweet & Savory Snacks
10.10.3 Sauces and Condiments
10.10.4 Ready Meals
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Salted Butter Powder
11.6.2 Unsalted Butter Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Bakery & Confectionery
11.10.2 Sweet & Savory Snacks
11.10.3 Sauces and Condiments
11.10.4 Ready Meals
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Salted Butter Powder
12.6.2 Unsalted Butter Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Bakery & Confectionery
12.10.2 Sweet & Savory Snacks
12.10.3 Sauces and Condiments
12.10.4 Ready Meals
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Salted Butter Powder
13.6.2 Unsalted Butter Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Bakery & Confectionery
13.10.2 Sweet & Savory Snacks
13.10.3 Sauces and Condiments
13.10.4 Ready Meals
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Butter Powder Market: Competitive Dashboard
14.2 Global Butter Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kanegrade Ltd
14.3.2 ALPEN DAIRIES
14.3.3 California Dairies
14.3.4 Arla Foods
14.3.5 OLAM
14.3.6 Galactika Group
14.3.7 Murray Goulburn
14.3.8 WCB
14.3.9 Fonterra
14.3.10 President Cheese
14.3.11 Kanegrade Ltd
14.3.12 KMF
14.3.13 Grassland
14.3.14 California Dairies
14.3.15 Ornua
14.3.16 Westland Milk Products
14.3.17 Goodman Fielder
14.3.18 Organic Valley
