Market Overview:
The global plant-based butter alternative market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of XX% during the forecast period. The market growth can be attributed to the increasing demand for vegan and dairy-free products, owing to health concerns. Based on type, the global plant-based butter alternative market has been segmented into coconut, olive oil, avocado oil and others. Among these segments, coconut oil held a dominant share in 2017 and is expected to maintain its lead throughout the forecast period. Coconut oil is considered as one of the healthiest oils as it contains medium chain fatty acids that are metabolized differently than other types of fats. These fatty acids are known for their anti-inflammatory properties and help in weight loss. On the basis of application, food service accounted for a major share of the global plant-based butter alternative market in 2017. This can be attributed to rising demand from restaurants and hotels that offer vegan menus as well as those catering specifically to vegetarians or people with dietary restrictions such as gluten or lactose intolerance .
Product Definition:
A plant-based butter alternative is a vegan spread that is made from vegetable oils and other plant-based ingredients. It has a texture and flavor that is similar to butter, making it a popular choice for baking and cooking.
Coconut:
Coconut is a dry fruit of the palm tree. The coconut water or milk is used as a natural sweetener in various food products and beverages. It has been gaining popularity in non-dairy milk industry on account of its low-calorie content, high potassium content (more than any other plant based dairy alternative), and rich fatty acid profile (medium chain triglycerides).
The oil extracted from the coconut is used for cooking, baking,.
Olive:
Olive oil is a type of vegetable oil obtained from the fruit of the olive tree. The most commonly used variety is black olive, which has higher nutritional value than green. It contains high levels of oleic acid, an omega-6 fatty acid that helps reduce inflammation and control blood sugar levels.
It also contains antioxidants such as polyphenols that have anti-inflammatory.
Application Insights:
Food service was the dominant application segment and accounted for over 70% of the global market share in 2017. The product is widely used in restaurants, fast-food chains, cafes and hotels across the globe as a replacement for dairy butter on account of its health benefits including low cholesterol content. Moreover, plant based butters can be easily customized to meet specific customer requirements which makes it a preferred ingredient among food service operators.
The supermarkets/hypermarkets segment is expected to register significant growth over the forecast period owing to rising consumer awareness regarding healthy eating habits coupled with increasing purchasing power in developed economies such as U.K., Germany, France and Spain. Plant-based butter alternatives are also being increasingly incorporated by major supermarket chains globally including Tesco (U.K.), Carrefour (France), Walmart Inc.(U.S.
Regional Analysis:
Europe dominated the global market in 2017, accounting for more than 30.0% of the total revenue share. The region is expected to witness a significant growth rate over the forecast period owing to increasing consumer awareness regarding veganism and vegetarianism coupled with rising health concerns such as obesity, heart diseases, etc. Furthermore, growing popularity of plant-based foods among consumers is anticipated to drive industry expansion over next eight years.
Asia Pacific is projected to be fastest-growing regional market from 2018 to 2030 due high product demand from developing countries such as China and India on account of changing food habits and increasing health consciousness amongst consumers; especially urban ones that are influenced by western culture resulting in increased spending on food products that are healthy alternatives for meat protein sources or dairy products like milk and cheese.
Growth Factors:
- Increasing awareness about the health benefits of plant-based butter alternatives among consumers.
- Rising demand for vegan and dairy-free products among consumers.
- Growing popularity of plant-based diets among health enthusiasts and vegans/vegetarians.
- Availability of a wide variety of plant-based butter alternatives in different flavors and varieties in the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant Based Butter Alternative Market Research Report
By Type
Coconut, Olive, Avocados, Others
By Application
Food Service, Supermarkets/Hypermarkets, Departmental Stores, Specialty Stores, Online Retail
By Companies
VenturaFoods, Upfield, Melt Organic, Kite Hill, KERRY FOODS LTD, Flora, Naturli’ Foods, Fora Foods, Milkadamia, Miyoko's Creamery
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Plant Based Butter Alternative Market Report Segments:
The global Plant Based Butter Alternative market is segmented on the basis of:
Types
Coconut, Olive, Avocados, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Service, Supermarkets/Hypermarkets, Departmental Stores, Specialty Stores, Online Retail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- VenturaFoods
- Upfield
- Melt Organic
- Kite Hill
- KERRY FOODS LTD
- Flora
- Naturli’ Foods
- Fora Foods
- Milkadamia
- Miyoko's Creamery
Highlights of The Plant Based Butter Alternative Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Coconut
- Olive
- Avocados
- Others
- By Application:
- Food Service
- Supermarkets/Hypermarkets
- Departmental Stores
- Specialty Stores
- Online Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plant Based Butter Alternative Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plant-based butter alternatives are products made from plant-based oils and butters. They can be used in place of traditional dairy butter, margarine, or cream in recipes. Some plant-based butters are made from nuts, seeds, legumes, or grains.
Some of the major players in the plant based butter alternative market are VenturaFoods, Upfield, Melt Organic, Kite Hill, KERRY FOODS LTD, Flora, Naturli’ Foods, Fora Foods, Milkadamia, Miyoko's Creamery.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plant Based Butter Alternative Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Plant Based Butter Alternative Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plant Based Butter Alternative Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Plant Based Butter Alternative Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Plant Based Butter Alternative Market Size & Forecast, 2020-2028
4.5.1 Plant Based Butter Alternative Market Size and Y-o-Y Growth
4.5.2 Plant Based Butter Alternative Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Coconut
5.2.2 Olive
5.2.3 Avocados
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food Service
6.2.2 Supermarkets/Hypermarkets
6.2.3 Departmental Stores
6.2.4 Specialty Stores
6.2.5 Online Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plant Based Butter Alternative Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plant Based Butter Alternative Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Coconut
9.6.2 Olive
9.6.3 Avocados
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food Service
9.10.2 Supermarkets/Hypermarkets
9.10.3 Departmental Stores
9.10.4 Specialty Stores
9.10.5 Online Retail
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Coconut
10.6.2 Olive
10.6.3 Avocados
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food Service
10.10.2 Supermarkets/Hypermarkets
10.10.3 Departmental Stores
10.10.4 Specialty Stores
10.10.5 Online Retail
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Coconut
11.6.2 Olive
11.6.3 Avocados
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food Service
11.10.2 Supermarkets/Hypermarkets
11.10.3 Departmental Stores
11.10.4 Specialty Stores
11.10.5 Online Retail
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Coconut
12.6.2 Olive
12.6.3 Avocados
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food Service
12.10.2 Supermarkets/Hypermarkets
12.10.3 Departmental Stores
12.10.4 Specialty Stores
12.10.5 Online Retail
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Coconut
13.6.2 Olive
13.6.3 Avocados
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food Service
13.10.2 Supermarkets/Hypermarkets
13.10.3 Departmental Stores
13.10.4 Specialty Stores
13.10.5 Online Retail
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plant Based Butter Alternative Market: Competitive Dashboard
14.2 Global Plant Based Butter Alternative Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 VenturaFoods
14.3.2 Upfield
14.3.3 Melt Organic
14.3.4 Kite Hill
14.3.5 KERRY FOODS LTD
14.3.6 Flora
14.3.7 Naturli’ Foods
14.3.8 Fora Foods
14.3.9 Milkadamia
14.3.10 Miyoko's Creamery
