The Latin America, Middle East and Africa Butter Powder Market would witness market growth of 7.6% CAGR during the forecast period (2023-2030).In the year 2026, the LAMEA market's volume is expected to surge to 20.7 Kilo Tonnes, showcasing a growth of 8.9% (2023-2030).
Butter powder, called dehydrated or powdered butter, is produced by extracting water from conventional butter. Spray-drying or freeze-drying butter creates a fine powder used to make butter powder. It is rehydrated with water to achieve a spreadable consistency or can be dispersed naturally. It can be substituted for butter in nearly all recipes. It is a convenient alternative to conventional butter. It is typically utilized when raw butter is unavailable or when long-term storage is required. In addition, it is available in various flavors, including cocoa, almond, cashew, peanut, salted, unadulterated, and sweetened. It features an extended shelf life, non-perishability, and thermal stability. They are mainly utilized for camping, trekking, and emergency food storage.
Peanut butter powder has surged in popularity, particularly among health-conscious consumers and those seeking convenient dietary options. Essentially dehydrated peanut butter with most of its natural oils removed, this powder provides a lower-fat, protein-rich alternative to traditional peanut butter. Its reduced fat content often appeals to those on calorie-restrictive diets. Moreover, its powder form lends itself to a plethora of applications: smoothie additions, baking ingredients, protein shakes, and even as a rehydratable spread.
The Latin American market offers a distinct landscape for food products and ingredients due to its unique cultural, economic, and culinary characteristics. As the food processing industry grows in certain parts of Africa, there could be an increased demand for stable and consistent ingredients like butter powder. In addition, with increasing globalization and the presence of Western fast-food chains and eateries, there's potential growth for ingredients typically used in Western recipes, including butter powder. Hence, the regional market will expand in the coming years because of all these aforementioned factors.
The Brazil market dominated the LAMEA Butter Powder Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $64.4 million by 2030. The Argentina market is estimated to grow at a CAGR of 8.2% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 7.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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)
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
