Buttermilk Market Size, Share, Growth, And Industry Analysis by Type (Liquid Buttermilk, Buttermilk Powder) by Application (Confectionery, Ice Cream, Bakery, Dairy-based Sauces) Regional Forecast By 2031

Updated On: 08 April 2024

Buttermilk Market Report Overview

• 

• Request a Free Sample to learn more about this report

The global buttermilk market size was USD 896.20 million in 2021,as per our research, the market is expected to reach USD 1,138.84 million in 2031, exhibiting a CAGR of 1.5 % during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with buttermilk market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.  The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

The liquid left over after churning butter from cultured or fermented cream was referred to as buttermilk. The process of making buttermilk involves whisking fresh or pasteurized cream that has no acidity. After adding black salt, cumin powder, and finely chopped coriander leaves, it is frequently served cold. There are often just two varieties of buttermilk available. It has been taken as a traditional Indian snack for ages and is a crucial component of a balanced diet. As a result of a particularly hot summer, it has become quite popular in India as a way to escape the heat of the sun. Demand has also grown as a result of buttermilk's extensive usage as an ingredient in the production of ice cream, dairy sauces, and other confectionary items. The usage of buttermilk has been encouraged by prominent properties including emulsion, foaming, water binding, taste improvement, and others.

Governments launched supported programmes to boost milk productivity, input supply, and access to the organized milk processing sector in recent years in an effort to improve milk output. These assistance measures have caused the worldwide milk output to grow at an extremely rapid rate over the past few years. Additionally, a key factor increasing the need for dairy products, which in turn promotes the demand for cultured buttermilk. Due to public knowledge of the need to stay away from fake goods and the growing adoption of the vegan lifestyle, artificially manufactured dairy products are in danger. Customers don't like products made of artificial materials; thus, manufacturers are switching to the creation of vegan-based products made of natural ingredients. As a result, these products are demonstrating to be major alternatives to those produced artificially through fermentation, which is fueling buttermilk market size.

COVID-19 Impact: Pandemic Resulted In  Decreased Demand And Supply Chain Disruptions Leading To A Downturn In The Market

The buttermilk market was among the several areas of the world economy that were significantly impacted by Covid-19. Similar to many other food items, demand for buttermilk first rose as individuals stocked up on pantry essentials in the early stages of the pandemic. However, as the pandemic persisted and lockdown measures were implemented, people started eating more frequently at home and switching to more shelf-stable items, which resulted in a decline in the demand for buttermilk. The buttermilk market has suffered because of this drop in demand and supply chain interruptions. The buttermilk market has also been impacted by the closing of restaurants and cafés, among other food service businesses. Due to the closure of these big buttermilk customers, there has been a decline in the price of the commodity.    

Latest Trends

"The Market For Buttermilk Is Growing As More Cosmetic Products Use It"

Because buttermilk contains a lot of lactic acid, which has a reputation for being a natural exfoliant, it is becoming more and more common in cosmetics. Dead skin cells are removed, revealing a softer, smoother complexion. Additionally, it is abundant in proteins, calcium, and other minerals that are good for the skin, such zinc and magnesium. Additionally, buttermilk hydrates the skin and might help to lessen the visibility of wrinkles and other age indicators. The market for buttermilk is being further encouraged by the rise in popularity of all-natural cosmetics. Buttermilk is a natural option that many customers are seeking for to conventional beauty products. It is safe for all skin types, non-irritating, and non-toxic. A number of cosmetic products can benefit from the versatility of buttermilk. Cleansers, moisturisers, exfoliators, and toners all include it. To assist enhance skin texture and tone, it may also be used in face masks and scrubs. As more people learn about the advantages of buttermilk, its use in cosmetic products is predicted to become increasingly widespread. It is a natural, inexpensive component that can aid in enhancing the look and health of skin. As customers pay more attention to the products they apply on their skin, the buttermilk industry is certain to keep growing. 

Buttermilk Market SEGMENTATION

• 

• Request a Free Sample to learn more about this report

• By type

Depending on Buttermilk given are types: Liquid Buttermilk, Buttermilk Powder. The liquid buttermilk type will capture the maximum market share through 2031.

• By Application

The market is divided in Confectionery, Ice Cream, Bakery, Dairy-based Sauces based on application. The global Buttermilk market  players in cover segment like confectionery will dominate the market share during 2022-2031.

Driving Factors

"Easy Availability Of Buttermilk To Foster The Market Growth"

Buttermilk is readily available both offline and online, which is fostering the market's growth. As a result, both industrialised and emerging nations are experiencing a steady rise in demand for buttermilk. Buttermilk is in high demand, particularly in the United States, the United Kingdom, and other developed nations, as a result of the growing number of health-conscious consumers looking for healthier beverage options. Buttermilk sales have surged in both physical and online retailers as a result of the rising demand for fast food. The customer desire for beverages with a dairy foundation is growing, which has helped the buttermilk market growth. Additionally, the availability of buttermilk in a variety of tastes and brands has contributed to an increase in the customer base.

"Low Buttermilk Costs To Contribute Significantly To The Market Growth"

Buttermilk's affordable costs have fuelled demand for the item. Because of this, producers have been able to boost output and supply to keep up with the escalating demand. This has made buttermilk more readily available to customers and more reasonably priced. The number of stores that sell buttermilk has increased as a result of the cheap cost. As a result, there is now more market competition, which has further lowered prices. Buttermilk is now being used in more recipes as a result of its inexpensive cost. As more individuals are utilising buttermilk in their cooking, this has played a significant role in the expansion of the buttermilk market growth. Additionally, this has increased the number of recipes that call for buttermilk. In general, buttermilk's low cost has played a significant role in the expansion of the market for this good. The demand for buttermilk will increase as more people can get it at reasonable prices. As a result, more retailers will start carrying it, which will further expand the buttermilk market growth.

Restraining Factors

"Lack Of Knowledge And Awareness Of Buttermilk To Hinder The Market Growth"

Lack of understanding of the buttermilk market's potential for expansion might be a significant barrier to its growth. Despite being present for millennia, buttermilk has only lately begun to play a significant role in the food and beverage business. Customers might not be aware of the variety of flavours and goods on the market, let alone the health advantages of buttermilk. Due to a lack of demand caused by this lack of information, buttermilk producers may find it challenging to fulfil the full potential of their product. The insufficient supply of buttermilk products is another problem hindering the buttermilk market growth. Due to the market's current size, distribution and supply may be problematic. It is challenging for producers to compete in the market since the cost of production is also relatively expensive in comparison to other dairy products.

Buttermilk Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"North America To Dominate The Market Due To Increasing Demand For The Product Among Consumers In The Region"

Buttermilk is in great demand among customers in North America, where the market is booming. In order to address the rising demand for healthy and natural foods, many businesses in the area are concentrating on providing high-quality, natural buttermilk products that are devoid of artificial additives and preservatives as the market continues to expand. In the upcoming years, the buttermilk market share in North America is anticipated to expand steadily. The popularity of healthy eating, the rise in customers who are health-conscious, and the rising demand for natural and organic products are some of the factors that are fueling this expansion. The expansion of the North American buttermilk market share is further aided by the increase of food and beverage establishments, notably in the United States. 

The Asia Pacific buttermilk market share is expanding as a result of rising consumer demand for the product. Buttermilk is primarily prepared from cow's milk in the Asia Pacific area, and it is created by a fermentation process that involves adding lactic acid bacteria to the milk. Buttermilk's distinctively sour flavour and thick viscosity are the result of this procedure. In the upcoming years, it is anticipated that the buttermilk market in Asia-Pacific will expand steadily. The popularity of healthy eating, the rise in customers who are health-conscious, and the rising demand for natural and organic products are some of the factors that are fueling this expansion. In addition, the expansion of food and beverage establishments, notably in China, India, and Indonesia, is a factor in the expansion of the Asia Pacific buttermilk market share.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Amul (India)
• Arla Foods (Denmark)
• DairyAmerica (U.S)
• Sodiaal Group (France)
• Fonterra (New Zealand)
• Dairy Farmers of America (U.S)
• Glanbia (Ireland)
• Valley Milk (U.S)
• Associated Milk Producers (U.S)
• Arion Dairy Products (Netherlands)
• Innova Food Ingredients (Spain)
• Sterling Agro Industries (India)
• Grain Millers (U.S)
• Agri-Mark (U.S)
• Land O'Lakes (U.S)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.