World - Buttermilk And Buttermilk Powder - Market Analysis, Forecast, Size, Trends and Insights
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The article provides a detailed analysis of the global buttermilk and buttermilk powder market, highlighting key trends such as rising demand, consumption patterns, production levels, import and export dynamics, and the performance of top countries in the market. The forecasted increase in market volume and value over the next eight years suggests a positive outlook for the industry. Insights into consumption, production, import and export trends offer valuable information for stakeholders looking to understand and navigate the competitive landscape of the global buttermilk and buttermilk powder market.
Market Forecast
Driven by rising demand for buttermilk and buttermilk powder worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.6% for the period from 2022 to 2030, which is projected to bring the market volume to 15M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $36.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Buttermilk And Buttermilk Powder
In 2022, consumption of buttermilk and buttermilk powder increased by 0.8% to 14M tons, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 2.6% against the previous year. Global consumption peaked at 15M tons in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.
The global buttermilk and buttermilk powder market value stood at $27.2B in 2022, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $30.2B in 2018; however, from 2019 to 2022, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (2.4M tons), the United States (1.3M tons) and India (905K tons), with a combined 34% share of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by India (with a CAGR of +1.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($4.4B), Japan ($3.1B) and the United States ($2.9B) appeared to be the countries with the highest levels of market value in 2022, together comprising 38% of the global market.
China, with a CAGR of +6.3%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of buttermilk and buttermilk powder per capita consumption in 2022 were Russia (3.9 kg per 1000 persons), the United States (3.9 kg per 1000 persons) and France (3.5 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by India (with a CAGR of +0.8%), while consumption for the other global leaders experienced mixed trends in the per capita consumption figures.
Production
World Production of Buttermilk And Buttermilk Powder
In 2022, global production of buttermilk and buttermilk powder shrank to 13M tons, flattening at the year before. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 2.6%. Over the period under review, global production attained the maximum volume at 15M tons in 2013; however, from 2014 to 2022, production failed to regain momentum.
In value terms, buttermilk and buttermilk powder production shrank slightly to $26.8B in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 7.9%. Over the period under review, global production hit record highs at $29.7B in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (2.4M tons), the United States (1.3M tons) and India (906K tons), together comprising 35% of global production.
From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +1.8%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Buttermilk And Buttermilk Powder
In 2022, overseas purchases of buttermilk and buttermilk powder increased by 26% to 1.7M tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, buttermilk and buttermilk powder imports surged to $2.4B in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports By Country
In 2022, Russia (266K tons), distantly followed by Italy (101K tons), the Netherlands (101K tons), the UK (95K tons), the Philippines (94K tons) and Germany (93K tons) were the key importers of buttermilk and buttermilk powder, together comprising 45% of total imports. The following importers - Ireland (73K tons), France (61K tons), Iraq (53K tons), Spain (42K tons), Poland (42K tons), Oman (40K tons) and Belgium (36K tons) - together made up 21% of total imports.
Imports into Russia increased at an average annual rate of +17.7% from 2012 to 2022. At the same time, Oman (+28.0%), Ireland (+26.2%), Iraq (+25.3%), Poland (+14.7%), the Philippines (+13.7%), Germany (+5.9%), Italy (+4.9%), Spain (+2.9%) and France (+2.1%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the world, with a CAGR of +28.0% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. By contrast, Belgium (-4.7%) and the UK (-6.4%) illustrated a downward trend over the same period. Russia (+11 p.p.), Ireland (+3.7 p.p.), the Philippines (+3.2 p.p.), Iraq (+2.7 p.p.), Oman (+2.1 p.p.) and Poland (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while Belgium, the Netherlands and the UK saw its share reduced by -3.3%, -3.8% and -11.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest buttermilk and buttermilk powder importing markets worldwide were the UK ($180M), Italy ($177M) and the Philippines ($173M), with a combined 22% share of global imports. The Netherlands, Russia, Germany, France, Spain, Belgium, Ireland, Poland, Oman and Iraq lagged somewhat behind, together comprising a further 34%.
Iraq, with a CAGR of +24.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average buttermilk and buttermilk powder import price amounted to $1,438 per ton, dropping by -4.9% against the previous year. Overall, the import price continues to indicate a slight descent. The growth pace was the most rapid in 2017 an increase of 8%. Global import price peaked at $1,756 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($1,893 per ton), while Russia ($510 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Buttermilk And Buttermilk Powder
In 2022, global exports of buttermilk and buttermilk powder expanded significantly to 1.5M tons, growing by 7.6% compared with 2021. The total export volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, buttermilk and buttermilk powder exports rose notably to $2.4B in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports By Country
In 2022, Belgium (221K tons), France (170K tons) and Germany (168K tons) was the major exporter of buttermilk and buttermilk powder in the world, creating 38% of total export. Poland (93K tons) ranks next in terms of the total exports with a 6.3% share, followed by Spain (5.8%) and Belarus (5.1%). The Netherlands (54K tons), Austria (50K tons), Russia (50K tons), Thailand (43K tons), New Zealand (37K tons), Saudi Arabia (36K tons) and the UK (35K tons) took a relatively small share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +17.5%), while the other global leaders experienced more modest paces of growth.
In value terms, the largest buttermilk and buttermilk powder supplying countries worldwide were Germany ($323M), France ($313M) and Belgium ($277M), with a combined 38% share of global exports. New Zealand, Poland, Spain, the Netherlands, Belarus, Austria, Russia, Saudi Arabia, Thailand and the UK lagged somewhat behind, together comprising a further 36%.
Austria, with a CAGR of +16.5%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average buttermilk and buttermilk powder export price amounted to $1,633 per ton, growing by 5.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 8.5%. Over the period under review, the average export prices hit record highs at $1,749 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($3,898 per ton), while Thailand ($924 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+4.5%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for buttermilk and buttermilk powder. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global market for buttermilk and buttermilk powder.
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