Report Id: SNS/F&B/1402 | May 2022 | Region: Global | 130 Pages
Report Scope & Overview:
The 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.
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.
Consistent expansion in buyer mindfulness levels about morals of delivering creature-based food varieties and drinks.
The effect of creature farming on the climate.
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 Distribution Channel:
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.
Rest of Europe
Rest of Asia-pacific
The middle east & Africa
Rest of middle east & Africa
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.
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.
|Market Size in 2022||US$ 2.73 Billion|
|Market Size by 2030||US$ 4.01 Billion|
|CAGR||CAGR 4.9% From 2023 to 2030|
|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 (FAQ) :
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
1.1 Market Definition
1.3 Research Assumptions
2 Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 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
9. Global Plant Based Butter segmentation, by Distribution Channel
9.2.2 Convenience Stores
9.2.3 Specialty Stores
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
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
10.1.5 Packaged Food
10.2 Foodservice Industry
11. Global Plant Based Butter market, by region/ country
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company profiles
12.1 Miyoko’s Creamery
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.3 I Can’t Believe It’s Not Butter
12.4 Conagra Brands Inc.
12.5 Naturli Foods
12.7 Califia Farms LLC
12.9 NOW Foods
12.10 Live Yum
12.12 Nuflower Foods
12.13 Jojoba Desert
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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.