Portland, OR, Oct. 19, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global cultured buttermilk market generated $1.4 billion in 2021, and is estimated to reach $2.1 billion by 2031, witnessing a CAGR of 4.4% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
Download Free Sample Report (310 Pages PDF with Insights, Charts, Tables, Figures): https://www.alliedmarketresearch.com/request-sample/17309
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1.4 Billion |
| Market Size in 2031 | $2.1 Billion |
| CAGR | 4.4% |
| No. of Pages in Report | 310 |
| Segments covered | Form, Application, Distribution Channel, and Region |
| Drivers | High demand for dairy products worldwide |
| Shifting preference of consumers from regular staple food to nutrient-enhanced healthy food products | |
| Governments’ efforts to increase milk production and access to the organized milk processing sector | |
| Opportunities | Rise in label-friendly products due to increase in consumer awareness regarding the benefits of clean label food ingredients |
| Restraints | Surge in demand for vegan food products |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic caused a decline in the growth of the global cultured buttermilk market, creating a mass disruption for buyers as well as sellers.
- Manufacturing units were shutdown globally which stopped the production, sale, and marketing of the product. The major cultured buttermilk markets such as North America and Europe are the two worst-hit regions by the COVID-19 virus.
- The market players had to follow strict social distancing norms and travel restrictions.
- However, the market is recovering gradually with the pandemic receding due to the introduction of vaccines.
The report offers detailed segmentation of the global cultured buttermilk market based on form, application, distribution channel, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/17309
Based on form, the liquid segment held the largest share in 2021, contributing to more than three-fifths of the global cultured buttermilk market, and is likely to maintain its leadership status during the forecast period. However, the powder segment is expected to manifest the highest CAGR of 4.9% from 2022 to 2031.
Based on application, the bakery segment held the largest share in 2021, accounting for more than one-fourth of the global cultured buttermilk market, and would rule the roost through 2031. However, the beverages segment is estimated to witness the fastest CAGR of 5.1% during the forecast period. The report also provides an analysis of confectionery, dairy, and other segments.
Based on distribution channel, the business to consumer segment held the largest share in 2021, accounting for more than two-thirds of the global cultured buttermilk market, and would rule the roost through 2031. However, the business to business segment is estimated to witness the fastest CAGR of 4.7% during the forecast period.
Based on region, the market in Europe was the largest in 2021, accounting for nearly one-third of the global cultured buttermilk market, and is likely to maintain its leadership status during the forecast period. However, North America is expected to manifest the highest CAGR of 6.1% from 2022 to 2031. The other regions analyzed in the study include Asia Pacific and LAMEA.
Request for Customization: https://www.alliedmarketresearch.com/request-for-customization/17309
Leading players of the global cultured buttermilk market analyzed in the research include LUPICIA CO., LTD, COFCO, Teasenz, CALIFORNIA TEA HOUSE, Panella Foods and Beverages PrivateLimited, Bettys and Taylors Group Ltd, FMS Consumer Products Pvt Ltd, Bharat Group, VAHDAM, and Stash Tea.
The report analyzes these key players of the global cultured buttermilk market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
Buy this research report: https://bit.ly/3TAPXR0
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
