Buttermilk Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the Buttermilk market, including market size, growth trends, industry insights, and future forecasts from 2023 to 2033, catering to various segments and regions.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $1.80 Billion |
| CAGR (2023-2033) | 4.3% |
| 2033 Market Size | $2.76 Billion |
| Top Companies | Dairy Farmers of America, Royal FrieslandCampina, Lactalis Group |
| Last Modified Date | 15 November 2024 |
Buttermilk Market Overview
What is the Market Size & CAGR of Buttermilk market in 2023?
Buttermilk Industry Analysis
Buttermilk Market Segmentation and Scope
Request a custom research report for industry.
Buttermilk Market Analysis Report by Region
Europe Buttermilk Market Report:
The European Buttermilk market is estimated at $0.57 billion in 2023, anticipated to increase to $0.88 billion by 2033. Customers in Europe are increasingly looking for organic and high-quality dairy products, enhancing buttermilk's attractiveness across various applications.Asia Pacific Buttermilk Market Report:
In 2023, the Asia Pacific Buttermilk market is valued at approximately $0.29 billion and is expected to grow to $0.45 billion by 2033. The growth is driven by increasing health consciousness and a rising population that consumes dairy products, particularly in countries like India and China.North America Buttermilk Market Report:
North America holds a significant stake in the Buttermilk market, valued at $0.67 billion in 2023, forecasted to grow to $1.02 billion by 2033. The demand in this region is largely driven by the popularity of buttermilk in cooking and baking, alongside a growing trend of substituting traditional dairy products with low-fat options.South America Buttermilk Market Report:
The South American market for Buttermilk is currently valued at $0.12 billion in 2023, and it is projected to reach $0.18 billion by 2033. Factors such as the expanding dairy sector and growing use of buttermilk in local cuisine contribute to market growth.Middle East & Africa Buttermilk Market Report:
In the Middle East and Africa, the Buttermilk market is projected to rise from $0.15 billion in 2023 to $0.23 billion by 2033. The increasing youth population and urbanization are driving demand for processed dairy products, including buttermilk.Request a custom research report for industry.
Buttermilk Market Analysis By Product
Global Buttermilk Market, By Product Market Analysis (2024 - 2033)
The Buttermilk market is primarily categorized into liquid buttermilk and powdered buttermilk. Liquid buttermilk dominates the market, anticipated to grow from $1.59 billion in 2023 to $2.43 billion in 2033, maintaining a market share of 88.1%. Powdered buttermilk, although smaller with a market size of $0.21 billion expected to reach $0.33 billion by 2033, accounts for 11.9% of the segment share and finds increasing usage in dry mixes, health supplements, and convenience foods.
Buttermilk Market Analysis By Application
Global Buttermilk Market, By Application Market Analysis (2024 - 2033)
Applications of buttermilk span various segments, including the food industry, households, and food service sectors. The food industry leads with a market size of $1.15 billion in 2023, projected to grow to $1.76 billion by 2033, representing 63.74% of the share. Households account for $0.51 billion in 2023, expected to rise to $0.79 billion, representing about 28.51% share. The food service sector, while smaller, showcases growth from $0.14 billion to $0.21 billion, maintaining a market share of 7.75%.
Buttermilk Market Analysis By End User
Global Buttermilk Market, By End-User Market Analysis (2024 - 2033)
The end-user segmentation for buttermilk includes food manufacturing, catering services, households, and online retail channels. Market trends indicate growing sales through e-commerce platforms, particularly for liquid buttermilk which is projected to sustain an 88.1% share, alongside significant contribution from the bakery segment and the catering industry.
Buttermilk Market Analysis By Form
Global Buttermilk Market, By Form Market Analysis (2024 - 2033)
In terms of form, liquid buttermilk remains the primary choice for consumers, holding a 88.1% market share in 2023, growing from $1.59 billion to $2.43 billion by 2033. The frozen and powdered forms are less favored but maintain essential roles in food processing and specialty applications.
Buttermilk Market Analysis By Distribution Channel
Global Buttermilk Market, By Distribution Channel Market Analysis (2024 - 2033)
The distribution channels for buttermilk include online and offline sales. Online sales dominate, accounting for 88.1% of the market share, anticipated to grow from $1.59 billion to $2.43 billion by 2033, indicating a strong shift towards digital purchasing preferences. Offline sales, while currently at $0.21 billion in 2023, are expected to rise moderately, reflecting trends in traditional retail.
Buttermilk Market Trends and Future Forecast
Request a custom research report for industry.
Global Market Leaders and Top Companies in Buttermilk Industry
Dairy Farmers of America:
A leading farmer-owned cooperative in the United States, known for its wide range of dairy products including buttermilk, catering to both retail and food service industries.Royal FrieslandCampina:
One of the world's largest dairy cooperatives, providing high-quality buttermilk products tailored for various food applications and focusing on sustainable practices.Lactalis Group:
A multinational dairy products corporation, Lactalis is renowned for its innovative buttermilk formulations and strong global distribution network.We're grateful to work with incredible clients.
Related Industries
FAQs
What is the market size of buttermilk?
The global buttermilk market is valued at approximately $1.8 billion as of 2023, projecting a compound annual growth rate (CAGR) of 4.3% through to 2033.
What are the key market players or companies in the buttermilk industry?
Key players in the buttermilk industry include large dairy producers, specialized food ingredient manufacturers, and a range of agriculture cooperatives focused on dairy products.
What are the primary factors driving the growth in the buttermilk industry?
Key growth factors in the buttermilk market include increasing consumer demand for natural and organic dairy products, the popularity of buttermilk in the food service sector, and growing awareness of buttermilk's health benefits.
Which region is the fastest Growing in the buttermilk?
The fastest-growing region in the buttermilk market is North America, with a market value of $1.02 billion projected for 2033, showing significant growth from $0.67 billion in 2023.
Does ConsaInsights provide customized market report data for the buttermilk industry?
Yes, ConsaInsights offers customized market report data for the buttermilk industry, allowing clients to tailor insights and forecasts based on specific regional or segment-focused needs.
What deliverables can I expect from this buttermilk market research project?
Expect comprehensive deliverables including detailed market analysis reports, regional breakdowns, segment insights, competitive landscape assessments, and trend forecasts tailored to your strategic needs.
What are the market trends of buttermilk?
Current trends in the buttermilk market include the rise of online sales channels, increased use in bakery items, and a shift towards liquid buttermilk as a preferred product form among consumers.