Butter Flavour Market to reach a value of US$ 550.1 Mn by 2032 – Comprehensive Research Report by FMI

DUBAI, United Arab Emirates, Feb. 22, 2022 (GLOBE NEWSWIRE) — The global butter flavor market is set to witness growth at a CAGR of 7.1% and is anticipated to reach a valuation of around USD 550.1 Mn by 2032.

Butter Flower Market Size Value in 2022 USD ~277.1 Mn
Market Forecast Value in 2032 USD ~550.1 Mn
Global Growth Rate (2022 to 2032) ~7.1% CAGR
forecast period 2022-2032
Market Share of Europe ~44.6%

This growth is attributed to the growing demand for custom flavor creations from the food and beverage industry, as it provides a great base for a range of complex flavor profiles, and can be used to help replicate certain flavors in products such as confectionery treats making it an important ingredient throughout the industry.

Popular savoury food items such as potato chips, pretzels, and especially popcorns are a few of the common products in the F&B industry where butter flavors are used extensively to introduce new and innovative flavors in the product portfolio.

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Butter flavors can be a side note to other flavors or can be used to create new flavors in snacks. It has gained much traction as an addition to new flavors ranging from sour cream and onion to cheesy garlic flavours, other than being used for a simple buttery flavour.

The development of butter substitutes such as margarine is one of the most common uses of buttery flavours. As a result, it’s very frequent in the creation of dietary food products that don’t utilize real butter to reduce fat and calories in recipes. In this case, selecting the correct buttery flavor is critical, as the buttery must taste as near to the “real thing” as possible.

Moreover, it is also extensively used in the production of liqueurs, as a key component of butterscotch flavors as well as custom flavored vodkas and rums. Subsequently, rising demand for value-added food products among consumers along with new food items has supported the growth of the butter flavor market.

Key Takeaways from Market Study

  • The butter flavor market by form is expected to expand at CAGRs of 5.6% for liquid form and 9.1% for powder form, through 2032.
  • The market is segmented based on product type, wherein vegan accounted for 18.9%, is expected to witness a lucrative growth rate of 9.2% over the forecast period.
  • The European butter flavor market is expected to witness a lucrative growth rate of 7.0% during the forecast period.
  • Growing consumer preference for healthy and nutritious food products is driving sales of butter flavor across global markets.
  • By nature, the natural butter flavor market is anticipated to hold the highest market share of around 57.4% in the year 2022
  • Due to the pandemic, the supply chain for the butter flavor market was hampered significantly, resulting in a sale slowdown. However, with economies recovering and increasing consumer demand for healthy and nutritious food products, the industry is likely to rise significantly.

“Manufacturers of butter flavor would higher revenues by targeting the confectionary industry. The liquor industry would also serve as a potential market for butter flavour, which is attributable to growing demand for flavored beverages,” says a Future Market Insights analyst.

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Scope of Report

Attribute Details
Market Size Value in 2022 US$ ~277.1 Mn
Market Forecast Value in 2032 US$ ~550.1 Mn
Global Growth Rate ~7.1% CAGR
forecast period 2022-2032
Historical Data Available for 2017-2021
Market Analysis MT for Volume and USD Mn for Value
Key Regions Covered North America, Latin America, Europe, East Asia,
South Asia, Oceania and Middle East & Africa
Key Countries Covered United States, Canada, Brazil, Mexico, Germany, UK,
France, Italy, Spain, Nordic, Russia, Poland, China, India,
Thailand, Indonesia, Australia and New Zealand, Japan,
GCC countries, North Africa, South Africa, others.
Key Market Segments Covered Form, Nature, Product Type, End Use Application and Regions
Key Companies Profiled • Butter Buds Inc.

• DairyChem Inc.

• The Tatua Co-operative Dairy Company Limited

• HB Taylor CO.

• The Edlong Corporation

• Blue Pacific Flowers

• Comax Flowers

• Firmenich Incorporated

• Givaudan

• International Flavours and Fragrances

• Others

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Competitive Landscape

Key manufacturers of butter flavor are using both organic and inorganic market strategies to stay afloat in the industry during these testing times. Players in the market are not only investing in new product innovations but have also restored to acquisitions and mergers to widen their global reach.

  • Butter Buds, a company producing non-dairy and dairy concentrates, invested in the development of oil-based alternatives that allow producers in the food & beverage industry to replace block butter in many food items, such as bakery products.
  • Innova Flavors, a savoury flavor and ingredients supplier was acquired from Griffith Foods Worldwide by an Ireland-based Carbery Group called Synergy Flavors in 2021.

Segmentation Analysis of Global Butter Flower Market

By Form :

By Nature :

By Product Type :

  • Vegan
  • Dairy Based Flowers

By End Use Application :

  • Baked goods
  • Savoury
    • Soups, Sauces, Condiments
    • Prepared Food & Ready Meals
    • Meat Poultry & Seafood
    • Seasoning Blends
    • Savoury snacks
  • Dairy Products
    • Vegan Milk
    • Hot chocolate
    • Ice Cream & Dessert
    • Yogurt
    • Flavored Milk
    • Spreads
    • Other Dairy Products (Cream, Butter milk)
  • Dry Beverage Mix
    • Instant Coffee
    • Cocoa
    • Protein Blends
  • Confectionery
  • Dry Mixes (Pancake, waffle, muffin)
  • Meal Replacers
  • Microwave Popcorn
  • Margarines
  • snack food
  • Breakfast Cereal
  • Dietary Supplements
  • Sports Nutrition

By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global butter flavor market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on form (liquid form and powder form), nature (natural, organic and artificial), product type (vegan and dairy based flavours), and end use application (baked goods, savory (soups, sauces, condiments) , prepared food & ready meals, meat poultry & seafood, seasoning blends and savory snacks), dairy products (vegan milk, hot chocolate, ice cream & dessert, yogurt, flavored milk, spreads and other dairy products (cream, butter milk)) , dry beverage mix (instant coffee, cocoa and protein blends), confectionery, dry mixes (pancake, waffle, muffin), meal replacers, microwave popcorn, margarines, snack food, breakfast cereal, dietary supplements, sports nutrition), across seven major regions of the world.

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Butter Flavour Market to reach a value of US$ 550.1 Mn by 2032 - Comprehensive Research Report by FMI

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