The buttermilk market was valued at $34.1 billion in 2023, and is projected to reach $47.4 billion by 2033, growing at a CAGR of 3.4% from 2024 to 2033.
Buttermilk is a tangy, fermented dairy product traditionally made by churning fresh cream to extract butter, with the liquid left behind being the buttermilk. Modern buttermilk, however, is typically made by adding lactic acid bacteria to low-fat or whole milk, which ferments the lactose and gives it a slightly tangy flavor and thicker consistency. Traditionally, buttermilk was a by-product of homemade butter-making, but commercial buttermilk is now produced through controlled fermentation processes. It is commonly used in baking, cooking, and beverages, adding flavor, moisture, and tenderness to recipes.
The growth of the global buttermilk market is driven by increase in consumer preference toward natural and traditional dairy products. In addition, multiple health and nutritional benefits associated with buttermilk significantly contribute toward the market growth. For instance, buttermilk is rich in probiotics, essential nutrients like calcium, and vitamins, which appeal to health-conscious consumers. Its digestive and immune-boosting properties also contribute to its rising popularity. Rise in trend of convenience and ready-to-drink options has led to the development of flavored buttermilk drinks, further expanding the product’s market reach.
According to a consumer behavior study published by Food Research International in 2021, the global consumption of ready-to-drink fermented beverages, including buttermilk, grew by 15% annually, driven by convenience and health trends. While buttermilk contains lactose, it is often more easily digestible than regular milk due to the fermentation process. This has positioned buttermilk as a viable option for some lactose-sensitive consumers, further driving the market growth. Moreover, increased use of buttermilk in bakery and culinary applications significantly boosts the market growth. Despite buttermilk being easier to digest than regular milk, it still contains lactose.
With a significant portion of the global population suffering from lactose intolerance, the demand for dairy-free alternatives has surged, limiting buttermilk's market potential. In addition, rise in popularity of plant-based alternatives and increase in trend of veganism and demand for plant-based beverages restrain the market growth. On the contrary, introduction of new flavors and packaging to meet changing consumer preferences, such as low-fat and flavored buttermilk varieties, is expected to offer lucrative opportunities for the market growth during the forecast period.
The global buttermilk market is segmented into type, application, and region. On the basis of type, the market is divided into liquid buttermilk and buttermilk powder. Depending on application, it is segregated into confectionary, ice cream, bakery, and dairy-based sauces. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of application, the confectionery segment was the major shareholder in 2023.
Region wise, North America emerged as the most lucrative market for buttermilk; however, Asia-Pacific is expected to lead the market from 2024 to 2033.
Buttermilk is a tangy, fermented dairy product traditionally made by churning fresh cream to extract butter, with the liquid left behind being the buttermilk. Modern buttermilk, however, is typically made by adding lactic acid bacteria to low-fat or whole milk, which ferments the lactose and gives it a slightly tangy flavor and thicker consistency. Traditionally, buttermilk was a by-product of homemade butter-making, but commercial buttermilk is now produced through controlled fermentation processes. It is commonly used in baking, cooking, and beverages, adding flavor, moisture, and tenderness to recipes.
The growth of the global buttermilk market is driven by increase in consumer preference toward natural and traditional dairy products. In addition, multiple health and nutritional benefits associated with buttermilk significantly contribute toward the market growth. For instance, buttermilk is rich in probiotics, essential nutrients like calcium, and vitamins, which appeal to health-conscious consumers. Its digestive and immune-boosting properties also contribute to its rising popularity. Rise in trend of convenience and ready-to-drink options has led to the development of flavored buttermilk drinks, further expanding the product’s market reach.
According to a consumer behavior study published by Food Research International in 2021, the global consumption of ready-to-drink fermented beverages, including buttermilk, grew by 15% annually, driven by convenience and health trends. While buttermilk contains lactose, it is often more easily digestible than regular milk due to the fermentation process. This has positioned buttermilk as a viable option for some lactose-sensitive consumers, further driving the market growth. Moreover, increased use of buttermilk in bakery and culinary applications significantly boosts the market growth. Despite buttermilk being easier to digest than regular milk, it still contains lactose.
With a significant portion of the global population suffering from lactose intolerance, the demand for dairy-free alternatives has surged, limiting buttermilk's market potential. In addition, rise in popularity of plant-based alternatives and increase in trend of veganism and demand for plant-based beverages restrain the market growth. On the contrary, introduction of new flavors and packaging to meet changing consumer preferences, such as low-fat and flavored buttermilk varieties, is expected to offer lucrative opportunities for the market growth during the forecast period.
The global buttermilk market is segmented into type, application, and region. On the basis of type, the market is divided into liquid buttermilk and buttermilk powder. Depending on application, it is segregated into confectionary, ice cream, bakery, and dairy-based sauces. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
By type, the liquid buttermilk segment dominated the market with the highest share in 2023.On the basis of application, the confectionery segment was the major shareholder in 2023.
Region wise, North America emerged as the most lucrative market for buttermilk; however, Asia-Pacific is expected to lead the market from 2024 to 2033.
Competition Analysis
Competitive analysis and profiles of the major players in the global buttermilk market include Amul, Arla Foods, DairyAmerica, Sodiaal Group, Fonterra, Dairy Farmers of America, Inc., Glanbia, Valley Milk, Associated Milk Producers, Arion Dairy Products B.V., Innova Food Ingredients, Sterling Agro Industries, Grain Millers, Inc., Agri-Mark, Inc., and Land O'lakes, Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to sustain the intense competition and gain a strong foothold in the global market.Additional benefits you will get with this purchase are:
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Key Market Segments
By Type
- Liquid buttermilk
- Buttermilk powder
By Application
- Confectionary
- Ice cream
- Bakery
- Dairy-based sauces
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players
- Amul
- Arla Foods
- DairyAmerica
- Sodiaal Group
- Fonterra
- Dairy Farmers of America, Inc.
- Glanbia
- Valley Milk
- Associated Milk Producers
- Arion Dairy Products B.V.
- Innova Food Ingredients
- Sterling Agro Industries
- Grain Millers, Inc.
- Agri-Mark, Inc.
- land o'lakes, inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: BUTTERMILK MARKET, BY TYPE
CHAPTER 5: BUTTERMILK MARKET, BY APPLICATION
CHAPTER 6: BUTTERMILK MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
- Amul
- Arla Foods
- DairyAmerica
- Sodiaal Group
- Fonterra
- Dairy Farmers of America, Inc.
- Glanbia
- Valley Milk
- Associated Milk Producers
- Arion Dairy Products B.V.
- Innova Food Ingredients
- Sterling Agro Industries
- Grain Millers, Inc.
- Agri-Mark, Inc.
- land o'lakes, inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | September 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 34.1 billion |
| Forecasted Market Value ( USD | $ 47.4 billion |
| Compound Annual Growth Rate | 3.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
