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Global Plant-Based Butter Market – Industry Trends and Forecast to 2028

Food & Beverage

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Global Plant-Based Butter Market – Industry Trends and Forecast to 2028

  • Food & Beverage
  • Upcoming Report
  • Jun 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

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

Plant-Based Butter Market 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.


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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