The North America Butter Powder Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030).In the year 2019, the North America market's volume surged to 69.7 Kilo Tonnes, showcasing a growth of 3.9% (2019-2022).
The increasing demand for almond butter powder can be attributed to health trends, dietary shifts, and consumer convenience. As consumers become more health-conscious, there's a gravitation towards nuts and seeds as protein-rich alternatives to animal sources.
Due to its prolonged shelf life, non-perishability, and thermal stability, demand for butter powder is rising in numerous North American nations. In addition, butter in powder form imparts a rich and velvety flavour to various foods, enhancing the dish's flavour and aroma. It enhances the taste of condiments, spices, and treats.
Furthermore, it has a longer storage life than raw butter, which makes it enticing to consumers who stock up on long-lasting foods. It is utilized in products that meet consumer expectations for ready-to-use components, whether as a flavouring agent, a lipid source, or a butter substitute. Numerous companies include butter powder in their product lines because it is compatible with the convenience food trend and provides consumers with delicious, easy-to-use butter substitutes with a longer storage life.
With an increasing trend towards health and wellness in North America, consumers are becoming more discerning about the ingredients in their foods. As a result, butter powder might be valued for its pure butter content without additives. North American consumers often prioritize convenience. The general composition of the average American diet is trending into a more processed diet. The demand for convenience and ready-to-eat or ready-to-cook foods in the U.S. has grown significantly, indirectly influencing the demand for ingredients like butter powder. Therefore, the region presents lucrative growth prospects for the market.
The US market dominated the North America Butter Powder Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $820.8 million by 2030. The Canada market is poised to grow at a CAGR of 6.8% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 5.9% 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 U.S., Mexico, Canada, and Rest of North America.
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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