Global Vegan Butter Market, By Product (Vegetable Butter, Nut Butter, Others), Distribution Channel (Offline Distribution, Online Distribution), Packaging (Tubs/Cups, Jars/Bottles, Others), 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.
Market Analysis and Insights: Global Vegan Butter Market
Global vegan butter market size is expected to grow at a compound annual rate of 4.70% in the forecast period 2021 to 2028 and is likely to reach USD 2.59 billion by 2028. The rise in the product acceptance and usage is the factor responsible for the growth of vegan butter market in the forecast period of 2021 to 2028.
Vegan butter is a non-dairy butter substitute, which is made by combining the plant-based oil, preservatives, flavoring agents, emulsifiers and water. It is almost similar to normal butter in texture and taste and highly nutritional.
The surging vegan population across the globe increases the demand for consumption of vegan butter which is expected to heighten the overall demand for global vegan butter market over the forecast period of 2021 to 2028. The rise in awareness related to animal cruelty and its adverse environmental effect is expected to serve as foremost drivers for the global vegan butter market at a global level. However, the costly price of vegan butter and its products are projected to act as a restraint towards the growth of the market, whereas the fluctuation in prices of raw material such as nuts and vegetables can challenge the growth of the vegan butter market.
Moreover, the innovation and changes in variety of flavors by the key players establishedis expected to further generate new opportunities for the vegan butter market in the forecast period of 2021 to 2028.
This vegan 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 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 vegan 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.
Global Vegan Butter Market Scope and Market Size
Vegan butter market is segmented on the basis of product, distribution channel and packaging. The growth among segments helps you analyze 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 product, the global vegan butter market has been segmented vegetable butter, nut butter and others.
- On the basis of distribution channel, the global vegan butter market has been segmented into offline distribution and online distribution. Offline distribution is further sub-segmented into specialty stores, supermarkets, hypermarkets, and convenience stores.
The packaging segment of the global vegan butter market has been segmented into tubs/cups, jars/bottles and others.
Vegan Butter Market Country Level Analysis
Vegan butter market is analyses and market size, volume information is provided by product, distribution channel and packaging as referenced above.
The countries covered in the vegan butter market report are 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 leads the vegan butter market due to surging amount of vegan trend within this region. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to increasing consumption of natural and organic plant-based food products.
The country section of the vegan 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 Global Vegan Butter Market Share Analysis
Vegan 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 vegan butter market.
The major players covered in the vegan butter report are 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., 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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