The Europe Butter Powder Market would witness market growth of 4.8% CAGR during the forecast period (2023-2030).In the year 2020, the Europe market's volume surged to 60.0 Kilo Tonnes, showcasing a growth of 4.4% (2019-2022).
Milk butter powder, often referred to as powdered butter or butter powder, has seen a steady uptick in demand due to several growth factors. First and foremost, the long shelf life of milk butter powder, as compared to its perishable liquid counterpart, is a prime attraction, especially for emergency preparedness, camping, and military provisions. Its lightweight and compact nature further augments its appeal to travellers and outdoor enthusiasts.
Cocoa butter powder's rising demand is intrinsically tied to several factors reflecting evolving consumer preferences and industry innovations. At the heart of its appeal is its concentrated flavour and ease of integration into various products, from cosmetics to foods. As the beauty and personal care sector moves towards natural and organic ingredients, cocoa butter powder has found its niche, incorporated in creams, lotions, and lip balms for its moisturizing properties and pleasant aroma.
Like many others globally, the European market has seen a growing preference for convenience foods. With its longer shelf life and no need for refrigeration, butter powder caters to this demand. Consumers can store it for longer durations without spoilage concerns. It can offer consistency and stability in food production, making it attractive for manufacturers. The convenience of one-stop shopping also contributed to consumer tendencies to opt for easy-to-prepare foods. Therefore, the Europe region offers a vast opportunity to the market as it may leverage the high butter consumption among the European nations.
The Germany market dominated the Europe Butter Powder Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $229.3 million by 2030. The UK market is estimated to witness a CAGR of 4% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 5.6% during (2023 - 2030).
Based on Source, the market is segmented into Milk, Peanut, Almond, Cocoa and Others. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, B2B, Convenience Stores, Online Retail and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Butter Powder Market is Projected to reach USD 3.3 Billion by 2030, at a CAGR of 5.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Nutrient Survival, Betty Lou's Inc., Garden of Life, LLC (Nestle S.A), Kanegrade Ltd., PB2 Foods, Inc. (Bell Plantation Inc.), Z Natural Foods LLC, Powbab, Inc., Nutricost (ESUPPLEMENTS, LLC), and BetterBody Foods, and Hoosier Hill Farm LLC (Saco Foods)
By Source (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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