Global Plant-based Spreads Market, By Type of Spreads (Lard, Margarine, Nut Butters, Legume-based spreads, Veggie Pâtés, Pestos, Guacamole, Hummus, Vegan Cream Cheese, Vegan Herring Salad, Jam and Others), Source (Pulses, Vegetables, Oils, Nuts, Seeds, and Grains), Distribution Channel (Hypermarket and Supermarket, Convenience Store, Specialty Store and Online), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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 the Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Plant-based Spreads Market
The plant-based spreads market is expected to witness market growth at a rate of 8.20% in the forecast period of 2021 to 2028 and is further estimated to reach USD 0.40 billion by 2028. Data Bridge Market Research report on plant-based spreads 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 demand for natural and healthy spreads is escalating the growth of plant-based spreads market.
Spreads are generally known to be thick in nature because it contains fats, healthy vegetable oil and butter. Spreads are added in food including bakery including breads and crackers. Spreads are becoming the product in trend for bread during breakfast time. Vegan spreads, which are also known as butter replacements excluding the conventional dairy butter that comes from fresh milk or cream. As an alternative, a comparable procedure is followed, but with vegetable, coconut or sunflower oils that are utilized instead of the animal-based butterfat.
Major factors that are expected to boost the growth of the plant-based spreads market in the forecast period are the increase in the consumption of plant-based spreads. Furthermore, the consumption of animal products and their effect on animals, the environment, and health is further anticipated to propel the growth of the plant-based spreads market. Moreover, the rise in the alertness regarding organic plant based spreads amongst the consumers is further estimated to cushion the growth of the plant-based spreads market. On the other hand, the plant-based spreads and dips like the animal based versions can be very high in fat and salt which is further projected to impede the growth of the plant-based spreads market in the timeline period.
- In addition, the preference consumers towards a healthy lifestyle will further provide potential opportunities for the growth of the plant-based spreads market in the coming years. However, the palm fat and coconut oil are controversial ingredients which might further challenge the growth of the plant-based spreads market in the near future.
This plant-based spreads market report provide details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized 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 spreads market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Plant-based Spreads Market Scope and Market Size
The plant-based spreads market is segmented on the basis of type of spreads, source 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 type of spreads, the plant-based spreads market is segmented into lard, margarine, nut butters, legume-based spreads, veggie pâtés, pestos, guacamole, hummus, vegan cream cheese, vegan herring salad, jam and others.
- On the basis of source, the plant-based spreads market is segmented into pulses, vegetables, oils, nuts, seeds, and grains.
- On the basis of distribution channel, the plant-based spreads market are segmented into hypermarket and supermarket, convenience store, specialty store and online.
Plant-based Spreads Market Country Level Analysis
The plant-based spreads market is analysed, and market size, volume information is provided by country, type of spreads, source and distribution channel as referenced above.
The countries covered in the plant-based spreads 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 the Middle East and Africa (MEA).
Europe dominates the plant-based spreads market due to the rise in the adoption of vegan lifestyle in several countries. Furthermore, the growing alertness regarding pertaining to the environmental, ethical, and health impact of diet will further boost the growth of the plant-based spreads market in the region during the forecast period. North America is projected to observe significant amount of growth in the plant-based spreads market due to huge number of people have been accepting vegan lifestyle because of increased prevalence of food allergies and lactose intolerance. Moreover, occurrence of major key players is further anticipated to propel the growth of the plant-based spreads market in the region in the coming years.
The country section of the plant-based spreads market report also provides individual market impacting factors and changes in regulation in the market domestically that impact 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, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plant-based Spreads Market Share Analysis
The plant-based spreads market competitive landscape provides details by a 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 spreads market.
The major players covered in the plant-based spreads market report are Follow Your Heart, DAIYA FOODS INC., Meridian Group., Amy's Kitchen, Inc., B&G Foods, Inc., Litehouse, Inc., Red Duck Foods, Inc., Majestic Garlic, Bear Pond Farm, KENSINGTON & SONS, KATE HILL, WayFare Health Foods, Good Foods Group, LLC, Galaxy Nutitional Foods, Inc., Frito-Lay North America, Inc., 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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