Plant-based Butter Market Report Scope & Overview:

Plant-based Butter Market Size was valued at USD 2.73 billion in 2022, and is expected to reach USD 4.01 billion by 2030, and grow at a CAGR of 4.9% over the forecast period 2023-2030.

Plant-based butter is a non-dairy margarine substitute, which is made by consolidating the plant-based oil, additives, seasoning specialists, emulsifiers and water. It is practically like ordinary margarine in surface and taste and is profoundly wholesome.

Plant-based Butter Market Revenue Analysis

The flooding veggie-lover populace across the globe expands the interest for the utilization of plant-based butter as most would consider to be normal to elevate the general interest for worldwide plant-based margarine market over the estimated time of 2021 to 2028. The ascent in mindfulness connected with creature mercilessness and its unfriendly natural impact is supposed to act as preeminent drivers for the worldwide plant-based butter market at a worldwide level. Nonetheless, the exorbitant cost of veggie lover margarine and its items are projected to go about as a limitation towards the development of the market, though the vacillation in costs of unrefined substances, for example, nuts and vegetables can challenge the development of the plant-based butter market.

In addition, the development and changes in the assortment of flavors by the central members established is expected to additionally create new open doors for the plant-based margarine market in the figure time of 2021 to 2028.

Market Dynamics:

Driving Factors:

  • Consistent expansion in buyer mindfulness levels about morals of delivering creature-based food varieties and drinks.

  • The effect of creature farming on the climate.

Restraining Factors:

  • The expensive cost of veggie lover margarine and its items.


  • Limitations on the food administration area has made home cooking.

  • The ascent in mindfulness connected with creature savagery and its antagonistic natural impact.


  • The variance in costs of unrefined substances like nuts and vegetables.

Impact of Covid-19:

Coronavirus pandemic profoundly affected the food and refreshments industry, as confusion in worldwide inventory chains and exchange boundaries all around the world subsequently influenced the development of plant-based food items and fixings. Besides, because of lockdown in numerous nations caused an interruption in retail area and the shoppers were ready to purchase just vital items. Nonetheless, the decreased utilization of out-of-home food, and home cooking turned out to be more well known as a possibility for investment funds and set out potential income age open doors for the market during this period.

Key Market Segments:

By Nature:

  • Organic
  • Conventional

By Application:

  • Food and Beverage Industry
    • Food Premixes
    • Soups and Sauces
    • Bakery
    • Prepared
    • Packaged Food
  • Foodservice Industry
  • Household
  • Retail

By Source:

  • Plant-based Milk
  • Almond
  • Coconut
  • Olive oil
  • Canola
  • Palm Fruit
  • Vegetable Oil
  • Others

By Distribution Channel:

  • B2B
    • Hotels
    • Restaurants
    • Cafes
  • B2C 
    • Hypermarket/Supermarket
    • Convenience Stores
    • Specialty Stores
    • Mom
    • Pop Stores
    • Discount Stores
    • Food & Drink Specialty Stores
    • Independent Small Groceries
    • Online Retail
    • Others

Plant-based Butter Market Segmentation Analysis

Plant based margarine alludes to a butter produced using plant removes including almond, soy, coconut, and vegetable oils. Margarine is the most ordinarily involved item for preparing by purchasers and food makers. The greater part of the butter items is milk-based items with weighty soaked fat and cholesterol, which can advance extra fat in the human body. Plant based margarine is moderately low in immersed fat and tastes like milk margarine, and can be utilized for cooking, baking, and buttering. Plant-based butter can be utilized in pre-blended suppers, soups, hotdogs, bread shops, frozen and handled food sources, in the food service business, the family area, and others.

Regional Analysis:

North America

  • USA

  • Canada

  • Mexico

  • Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe


  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-pacific

The middle east & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of middle east & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

The worldwide plant-based butter market is additionally fragmented in view of topography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be examined for specific area or nation level according to the prerequisite. Among these, the North America territorial market is supposed to cater impressive development over the conjecture time frame, attributable to the rising tendency of the populace towards the reception of regular items.

Key Players:

Miyoko’s Creamery, WayFare, I Can’t Believe It’s Not Butter, Conagra Brands Inc., Naturli Foods, Goodmylk, Califia Farms LLC, Upfield , NOW Foods, Live Yum, VeganFirst, Nuflower Foods, Jojoba Desert , Alpro, Beyond Meat, and Earth’s Own Food Company Inc.

Naturli Foods-Company Financial Analysis

Company Landscape Analysis

Plant-based Butter Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 2.73 Billion
Market Size by 2030 US$ 4.01 Billion
CAGR CAGR 4.9% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Nature (Organic, Conventional)
• by Application (Food and Beverage Industry (Food Premixes, Soups and Sauces, Bakery, Prepared and Packaged Food), Foodservice Industry, Household/Retail)
• by Source (Plant-based Milk, Almond, Coconut, Olive oil, Canola, Palm Fruit, Vegetable Oil, Others)
• by Distribution Channel (B2B (Hotels, Restaurants, Cafes)
• by B2C (Hypermarket/Supermarket, Convenience Stores, Specialty Stores, Mom, and Pop Stores, Discount Stores, Food & Drink Specialty Stores, Independent Small Groceries, Online Retail, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Miyoko’s Creamery, WayFare, I Can’t Believe It’s Not Butter, Conagra Brands Inc., Naturli Foods, Goodmylk, Califia Farms LLC, Upfield , NOW Foods, Live Yum, VeganFirst, Nuflower Foods, Jojoba Desert , Alpro, Beyond Meat, and Earth’s Own Food Company Inc.
Key Drivers •The effect of creature farming on the climate.
Restraints •The expensive cost of veggie lover margarine and its items.

Frequently Asked Questions

Ans: Plant based milk segment is projected to make a foothold in the worldwide Soup market.

Ans: The effect of creature farming on the climate and the ascent in mindfulness connected with creature savagery and its antagonistic natural impact are the elements driving and resulting in opportunities for the Plant-based Butter market.

Ans: Nature, Application, Source, and Distribution Channel segments are covered in the Plant-based Butter Market.

Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.

Ans: Global Plant-based Butter Market Size was valued at USD 2.61 billion in 2021

Table of Contents

1 Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2 Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value chain analysis

6. Porter’s 5 forces model

7. PEST analysis

8. Global Plant Based Butter market segmentation, by Nature

8.1 Organic

8.2 Conventional

9.  Global Plant Based Butter segmentation, by Distribution Channel

9.1 B2B

9.1.1 Hotels

9.1.2 Restaurants

9.1.3 Cafes

9.2 B2C 

9.2.1 Hypermarket/Supermarket

9.2.2 Convenience Stores

9.2.3 Specialty Stores

9.2.4 Mom

9.2.5 Pop Stores

9.2.6 Discount Stores

9.2.7 Food & Drink Specialty Stores

9.2.8 Independent Small Groceries

9.2.9 Online Retail

9.2.10 Others

10. Global Plant Based Butter market segmentation by Application

10.1 Food and Beverage Industry

10.1.1 Food Premixes

10.1.2 Soups and Sauces

10.1.3 Bakery

10.1.4 Prepared

10.1.5 Packaged Food

10.2 Foodservice Industry

10.2.1 Household

10.2.2 Retail

11. Global Plant Based Butter market, by region/ country

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3     Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4     Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5     The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6     Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company profiles

12.1 Miyoko’s Creamery

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 Swot Analysis

12.1.4 The SNS View

12.2 WayFare 

12.3 I Can’t Believe It’s Not Butter

12.4 Conagra Brands Inc.

12.5 Naturli Foods

12.6 Goodmylk

12.7 Califia Farms LLC

12.8 Upfield 

12.9 NOW Foods

12.10 Live Yum

12.11 VeganFirst

12.12 Nuflower Foods

12.13 Jojoba Desert

12.14 Alpro

12.15 Beyond Meat

12.16 Earth’s Own Food Company Inc

13. Competitive Landscape

13.1 Competitive Bench Marking

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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