Global Plant-Based Butter market, By Nature (Organic, Conventional), Source (Oat Milk, Rice Milk, Corn Milk, Soy Milk, Pea Milk, Almond Milk, Coconut Milk, Cashew Milk, Flax Milk, Hemp Milk and Others), Application (Food and Beverage Industry, Foodservice Industry, Household or Retail), Distribution Channel (Business to Business, Business to Consumer), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Plant-Based Butter Market
The plant-based butter market is expected to witness market growth at a rate of 5.3% in the forecast period of 2021 to 2028 and is expected to reach USD 1,965 million by 2028. Data Bridge Market Research report on plant-based butter market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the impact of animal husbandry on the environment is escalating the growth of plant-based butter market.
Dairy utilization amongst the customers has always been continued because of limited and nutrition options in the dairy substitute’s products. Although, a shift in this popularity has been noticed in the current years as a larger percentage of plant-based products are manufactured. These products meet the nutritive needs and there is a mixture in these products in terms of colour, type and the base utilized for the manufacturing of these products. Plant-based butter is currently gaining popularity in the food and beverage industry because of its number of health advantageous characteristics and ingredients.
Major factors that are expected t boost the growth of the plant-based butter market in the forecast period are the rise in the number of vegan consumers around the world. Furthermore, constant growing in the user alertness levels regarding the principles of producing animal-based foods and beverages is further anticipated to propel the growth of the plant-based butter market. Moreover, the considerable in the media coverage of dairy and meat product manufacturing on the global warming is further estimated to cushion the growth of the plant-based butter market. On the other hand, the rise in the expenses of manufacturing of plant-based butter in comparison to the other conventional butter alternatives which in turn is projected to impede the growth of the plant-based butter market in the timeline period.
In addition, the mainstream emergence of the flexitarian consumer will further provide potential opportunities for the growth of the plant-based butter market in the coming years. However, plant-based butter is gradually becoming conventional, because the supply chains are more robust comparatively to that of industrial animal agriculture which might further challenge the growth of the plant-based butter market in the coming years.
This plant-based butter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on plant-based butter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Plant-Based Butter Market Scope and Market Size
The plant-based butter market is segmented on the basis of nature, source, application and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of nature, the plant-based butter market is segmented into organic, conventional.
- On the basis of source, the plant-based butter market is segmented into oat milk, rice milk, corn milk, soy milk, pea milk, almond milk, coconut milk, cashew milk, flax milk, hemp milk and others.
- On the basis of application, the plant-based butter market is segmented into food and beverage industry, foodservice industry, household or retail. Food and beverage industry is further sub segmented into food premixes, soups and sauces, bakery and prepared and packaged food.
- On the basis of distribution channel, the plant-based butter market is segmented into business to business, business to consumer. Business to consumer is further sub segmented into hotels, restaurants and cafes.Business to consumer is further sub segmented into hypermarket or supermarket, convenience stores, specialty stores, mom and pop stores, discount stores, food and drink specialty stores, independent small groceries, online retail and others.
Plant-Based Butter Market Country Level Analysis
The plant-based butter market is analysed and market size, volume information is provided by country, nature, source, application and distribution channel as referenced above.
The countries covered in the plant-based butter market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the plant-based butter market due to the rise in the health-conscious demo graphs. Furthermore, the occurrence of the major key players will further boost the growth of the plant-based butter market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of the growth in the plant-based butter market due to the rise in the popularity towards organic and natural products.
The country section of the plant-based butter market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plant-Based Butter Market Share Analysis
The plant-based butter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plant-based butter market.
The major players covered in the plant-based butter market report are Conagra Foodservice, Inc., Upfield, Pure Blends, Nutiva, Jem Organics, Yumbutter, NOW Foods, Prosperity Organic Foods, Inc., ForA Foods Co., Miyoko’s Creamery, Wayfare, Lyrical Foods Inc., Califia Farms, LLC, Premier Organics, Alpino Health Foods, Dhatuorganics.com, Halenda's Fine Foods Ltd, Daisya Fine Food, Ceres Organics, Kitchen Garden, and Homecrop., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-