diff --git a/arrow-buffer/Cargo.toml b/arrow-buffer/Cargo.toml
index 87019111efc..c1bcd9f6306 100644
--- a/arrow-buffer/Cargo.toml
+++ b/arrow-buffer/Cargo.toml
@@ -17,7 +17,7 @@
 
 [package]
 name = "arrow-buffer"
-version = "22.0.0"
+version = "23.0.0"
 description = "Buffer abstractions for Apache Arrow"
 homepage = "https://github.com/apache/arrow-rs"
 repository = "https://github.com/apache/arrow-rs"
diff --git a/arrow/Cargo.toml b/arrow/Cargo.toml
index f1918fccd1f..7391ffcf827 100644
--- a/arrow/Cargo.toml
+++ b/arrow/Cargo.toml
@@ -44,7 +44,7 @@ ahash = { version = "0.8", default-features = false, features = ["compile-time-r
 ahash = { version = "0.8", default-features = false, features = ["runtime-rng"] }
 
 [dependencies]
-arrow-buffer = { path = "../arrow-buffer", version = "22.0.0" }
+arrow-buffer = { path = "../arrow-buffer", version = "23.0.0" }
 
 serde = { version = "1.0", default-features = false, features = ["derive"], optional = true }
 serde_json = { version = "1.0", default-features = false, features = ["std"], optional = true }