Product Code: A05210
According to a new report published by Allied Market Research, titled, "Butter Powder Market," The butter powder market was valued at $376.70 million in 2022, and is estimated to reach $643.8 million by 2032, growing at a CAGR of 5.5% from 2023 to 2032.
The butter powder market is segmented into nature, by flavor, distribution channel, and region. By nature, the market is divided into conventional and organic. By flavor, the market is segregated into cocoa, almond, peanuts, and others. On basis of distribution channel, It is categorized into supermarket/hypermarket, convenience store, B2B, specialty store, and online store. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Russia, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, United Arab Emirates, South Africa, Saudi Arabia, and rest of LAMEA).
The impact of the COVID-19 outbreak was moderate on the growth of the butter powder market. Trade restrictions and lockdown ceased the activities carried out in production and manufacturing units. Conversely, the recovery of the butter powder market is expected in the near future.
The demand for butter powder has escalated significantly across North America and Europe owing to its longer shelf life, non-perishability, and heat stability. In addition, the powder adds a rich, creamy essence to seasonings, sauces, and snacks, thus enhancing the flavor and fragrance of the meals. It functions as a flavoring agent, a source of fat, or a butter substitute in the products to meet consumer expectations for components that are ready to use. Because it can fit with the convenience food trend and provide consumers with delicious, easy-to-use substitutes that deliver the soothing taste of butter, several businesses include butter powder in their product lineups. Moreover, butter powder finds its major application in the food industry due to multiple benefits associated with it. For instance butter powder can be added into a range of food products such as bread, cakes, cookies, muffins, and other baked goods. It also improves texture and moisture content as well as adds a deep buttery flavor. Moreover, in confectioneries, it imparts a smooth, creamy texture to chocolates, thus intensifying the taste. Furthermore, the demand for butter powder has increased due to a variety of nutritional characteristics that cater to consumers' demands and tastes.
Lactose-intolerant consumers prefer using butter powder made from clarified butter. This is attributed to the fact that the clarified butter contains less lactose than regular butter, thus serving as a healthier alternative for individuals suffering from lactose intolerance. Moreover, some consumers use butter powder as a low-fat replacement for real butter. In these situations, butter powder made from low-fat milk is preferred. In addition, the availability of flavors such as chocolate, almond, peanut, and cashew along with others demonstrated that they were a healthy substitute for traditional butter powder.
However, availability alternatives in the market limits the demand for butter powder, thus resulting in a fierce competition. For instance, margarine and other spreads made from vegetable oils and fats serve as healthier alternatives to butter powder as they have low fat content. Dietary changes and consumer preferences have an impact on the market; thus, it is important for butter powder makers to effectively differentiate their products. Moreover, the market for butter powder has been impacted by changes in the cost of raw materials. Butter powder is made from milk fat-derived dehydrated butter. Consequently, variations in the cost and availability of raw materials, particularly milk, have a significant effect on the industry. Furthermore, changes in the price of raw materials have a direct influence on producers of butter powder. Increase in the cost of milk or milk fat raises the overall expenses related to producing butter powder. Thus, the aforementioned factors are anticipated to restrain the market expansion.
The major players operating in the butter powder industry are Garden of Life, BetterBody Foods, PB2 Foods, Inc., Nutricost, Powbab, Betty Lou's Inc., Z Natural Food, LLC, Nutrient Survival, Hoosier Hill Farm, and Laita.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the butter powder market analysis from 2022 to 2032 to identify the prevailing butter powder market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the butter powder market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global butter powder market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
- Consumer Buying Behavior Analysis
- New Product Development/ Product Matrix of Key Players
- Brands Share Analysis
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Product Consumption Analysis
- Reimbursement Scenario
- SWOT Analysis
Key Market Segments
By Distribution Channel
- Supermarket/Hypermarket
- Convenience Store
- B2B
- Specialty Store
- Online Store
By Nature
By Flavour
- Others
- Cocoa
- Almond
- Peanut
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- United Arab Emirates
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players:
- PB2 Foods,Inc
- Nutrient Survival
- BetterBody Foods
- Betty Lou's Inc
- Garden of Life
- Z Natural Food,LLC
- Hoosier Hill Farm
- Laita
- Nutricost.
- powbab
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. High threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. High convenience and prolonged shelf life
- 3.4.1.2. Surge in demand form food industry
- 3.4.1.3. Increase in health and dietary consideration
- 3.4.2. Restraints
- 3.4.2.1. Fluctuation in raw material prices
- 3.4.2.2. High competition from alternative products
- 3.4.3. Opportunities
- 3.4.3.1. Rise in product innovation and differentiation
- 3.4.3.2. Increase in export opportunities
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Value Chain Analysis
- 3.7. Key Regulation Analysis
CHAPTER 4: BUTTER POWDER MARKET, BY NATURE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Conventional
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Organic
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: BUTTER POWDER MARKET, BY FLAVOUR
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Cocoa
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Almond
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Peanut
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: BUTTER POWDER MARKET, BY DISTRIBUTION CHANNEL
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Supermarket/Hypermarket
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Convenience Store
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. B2B
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Specialty Store
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Online Store
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
CHAPTER 7: BUTTER POWDER MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Nature
- 7.2.3. Market size and forecast, by Flavour
- 7.2.4. Market size and forecast, by Distribution Channel
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Nature
- 7.2.5.1.3. Market size and forecast, by Flavour
- 7.2.5.1.4. Market size and forecast, by Distribution Channel
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Nature
- 7.2.5.2.3. Market size and forecast, by Flavour
- 7.2.5.2.4. Market size and forecast, by Distribution Channel
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Nature
- 7.2.5.3.3. Market size and forecast, by Flavour
- 7.2.5.3.4. Market size and forecast, by Distribution Channel
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Nature
- 7.3.3. Market size and forecast, by Flavour
- 7.3.4. Market size and forecast, by Distribution Channel
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Nature
- 7.3.5.1.3. Market size and forecast, by Flavour
- 7.3.5.1.4. Market size and forecast, by Distribution Channel
- 7.3.5.2. Germany
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Nature
- 7.3.5.2.3. Market size and forecast, by Flavour
- 7.3.5.2.4. Market size and forecast, by Distribution Channel
- 7.3.5.3. France
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Nature
- 7.3.5.3.3. Market size and forecast, by Flavour
- 7.3.5.3.4. Market size and forecast, by Distribution Channel
- 7.3.5.4. Italy
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Nature
- 7.3.5.4.3. Market size and forecast, by Flavour
- 7.3.5.4.4. Market size and forecast, by Distribution Channel
- 7.3.5.5. Spain
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Nature
- 7.3.5.5.3. Market size and forecast, by Flavour
- 7.3.5.5.4. Market size and forecast, by Distribution Channel
- 7.3.5.6. Russia
- 7.3.5.6.1. Key market trends, growth factors and opportunities
- 7.3.5.6.2. Market size and forecast, by Nature
- 7.3.5.6.3. Market size and forecast, by Flavour
- 7.3.5.6.4. Market size and forecast, by Distribution Channel
- 7.3.5.7. Rest of Europe
- 7.3.5.7.1. Key market trends, growth factors and opportunities
- 7.3.5.7.2. Market size and forecast, by Nature
- 7.3.5.7.3. Market size and forecast, by Flavour
- 7.3.5.7.4. Market size and forecast, by Distribution Channel
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Nature
- 7.4.3. Market size and forecast, by Flavour
- 7.4.4. Market size and forecast, by Distribution Channel
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Nature
- 7.4.5.1.3. Market size and forecast, by Flavour
- 7.4.5.1.4. Market size and forecast, by Distribution Channel
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Nature
- 7.4.5.2.3. Market size and forecast, by Flavour
- 7.4.5.2.4. Market size and forecast, by Distribution Channel
- 7.4.5.3. India
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Nature
- 7.4.5.3.3. Market size and forecast, by Flavour
- 7.4.5.3.4. Market size and forecast, by Distribution Channel
- 7.4.5.4. Australia
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Nature
- 7.4.5.4.3. Market size and forecast, by Flavour
- 7.4.5.4.4. Market size and forecast, by Distribution Channel
- 7.4.5.5. South Korea
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Nature
- 7.4.5.5.3. Market size and forecast, by Flavour
- 7.4.5.5.4. Market size and forecast, by Distribution Channel
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Key market trends, growth factors and opportunities
- 7.4.5.6.2. Market size and forecast, by Nature
- 7.4.5.6.3. Market size and forecast, by Flavour
- 7.4.5.6.4. Market size and forecast, by Distribution Channel
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Nature
- 7.5.3. Market size and forecast, by Flavour
- 7.5.4. Market size and forecast, by Distribution Channel
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Nature
- 7.5.5.1.3. Market size and forecast, by Flavour
- 7.5.5.1.4. Market size and forecast, by Distribution Channel
- 7.5.5.2. United Arab Emirates
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Nature
- 7.5.5.2.3. Market size and forecast, by Flavour
- 7.5.5.2.4. Market size and forecast, by Distribution Channel
- 7.5.5.3. South Africa
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Nature
- 7.5.5.3.3. Market size and forecast, by Flavour
- 7.5.5.3.4. Market size and forecast, by Distribution Channel
- 7.5.5.4. Saudi Arabia
- 7.5.5.4.1. Key market trends, growth factors and opportunities
- 7.5.5.4.2. Market size and forecast, by Nature
- 7.5.5.4.3. Market size and forecast, by Flavour
- 7.5.5.4.4. Market size and forecast, by Distribution Channel
- 7.5.5.5. Rest of LAMEA
- 7.5.5.5.1. Key market trends, growth factors and opportunities
- 7.5.5.5.2. Market size and forecast, by Nature
- 7.5.5.5.3. Market size and forecast, by Flavour
- 7.5.5.5.4. Market size and forecast, by Distribution Channel
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Garden of Life
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.2. BetterBody Foods
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.3. PB2 Foods,Inc
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.4. Nutricost.
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.5. powbab
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.6. Betty Lou's Inc
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.7. Z Natural Food,LLC
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. Nutrient Survival
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.9. Hoosier Hill Farm
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. Laita
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio