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.
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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.
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.
Opportunities:
Limitations on the food administration area has made home cooking.
The ascent in mindfulness connected with creature savagery and its antagonistic natural impact.
Challenges:
The variance in costs of unrefined substances like nuts and vegetables.
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.
By Nature:
By Application:
By Source:
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.
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The 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
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.
Naturli Foods-Company Financial Analysis
| 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. |
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
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 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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