What is Global Buttermilk Market?
The Global Buttermilk Market is a vast and dynamic sector that encompasses the production, distribution, and consumption of buttermilk on a global scale. Buttermilk, a by-product of butter manufacturing, is a nutritious dairy product consumed in various forms across the world. The market's scope is not limited to the sale of fresh buttermilk alone. It also includes the production and distribution of buttermilk powder, a dehydrated form of buttermilk, which has a longer shelf life and is used in various culinary applications. The market's value is determined by the demand for buttermilk and its products in different regions, the production capacity of manufacturers, and the strategies employed by them to maximize their market share.
Liquid Buttermilk, Buttermilk Powder in the Global Buttermilk Market:
The Global Buttermilk Market is segmented into two main product types: Liquid Buttermilk and Buttermilk Powder. Liquid Buttermilk is the traditional form of buttermilk, a tangy, slightly sour liquid left behind after churning butter. It is consumed as a beverage in many cultures and is also used in cooking and baking. Buttermilk Powder, on the other hand, is a versatile ingredient that can be used in a variety of recipes. It is made by dehydrating liquid buttermilk and has a longer shelf life than its liquid counterpart. The demand for both these products varies across different regions based on dietary habits, culinary traditions, and consumer preferences.
Confectionery, Ice Cream, Bakery, Dairy-based Sauces in the Global Buttermilk Market:
The Global Buttermilk Market finds its application in several areas including Confectionery, Ice Cream, Bakery, and Dairy-based Sauces. In the Confectionery industry, buttermilk is used to enhance the flavor and texture of chocolates, candies, and other sweet treats. In Ice Cream manufacturing, it adds a unique tanginess that balances the sweetness of the ice cream. Bakeries use buttermilk in bread, cakes, and pastries to make them soft and fluffy. Dairy-based Sauces also use buttermilk as a base to create creamy, tangy sauces that complement a variety of dishes. Each of these applications contributes to the overall demand for buttermilk, thereby influencing the dynamics of the Global Buttermilk Market.
Global Buttermilk Market Outlook:
The future of the Global Buttermilk Market looks promising. As of 2022, the market was valued at US$ 896.2 million. It is projected to grow at a steady Compound Annual Growth Rate (CAGR) of 1.5%, reaching a value of US$ 995.9 million by 2029. The market is dominated by four major manufacturers who collectively hold a market share of over 20%. Europe emerges as the largest consumer of buttermilk, accounting for nearly 50% of the global market share. These figures indicate a positive trend in the market, with potential for further growth and expansion in the coming years.
| Report Metric | Details |
| Report Name | Buttermilk Market |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Amul, Arla Foods, DairyAmerica, Sodiaal Group, Fonterra, Dairy Farmers of America, Glanbia, Valley Milk, Associated Milk Producers, Arion Dairy Products, Innova Food Ingredients, Sterling Agro Industries, Grain Millers, Agri-Mark, Land O'Lakes |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
