Market Overview:
The global plant-based butter 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 plant-based products owing to their health benefits. In addition, the growing awareness about the ill effects of dairy consumption is propelling the demand for plant-based butters. Furthermore, rising inclination of consumers towards veganism and vegetarianism is also fuelling the growth of this market. However, high price point may restrain some consumers from purchasing these products, thereby hampering market growth. On basis of type, organic segment accounted for larger share in terms revenue in 2017 and is expected to maintain its dominance throughout forecast period. This can be attributed to increasing consumer preference for organic food items over conventional counterparts on account of their perceived health benefits such as no use of pesticides or artificial fertilizers during production process that makes them healthier than conventionally produced foods items. On basis application wise,, food & beverage industry held dominant position in terms revenue share followed by household/retail sector in 2017; however other applications are projected exhibit higher CAGR over 2018–2030 owing rising trend among people towards healthy lifestyle choices .
Product Definition:
Plant-based butter is a vegan replacement for dairy butter. It is made from plant-based oils, such as coconut oil or palm oil. Plant-based butters are often used in baking and cooking, as they have a similar texture to dairy butter. They are also cholesterol free and dairy free, making them a good choice for people with dietary restrictions.
Organic:
Organic products are those that are grown, manufactured or processed without the use of harmful chemicals such as pesticides, herbicides or synthetic fertilizers. Organic foods refer to those that have not been genetically modified and have not had any harmful chemicals applied to them. Organic vegetables and fruits were primarily developed for human consumption; however, they find application in several food categories including smoothies, juices and snacks as well.
Conventional:
Conventional butter is a dairy product that has been produced by heat-treating butter at less than 76 degrees Fahrenheit. The low temperature does not affect the milk’s nutritional value or taste. It is usually sold in bulk and stored in warehouses, which makes it convenient to be used as an ingredient for other products like bread, cookies, etc.
The global plant-based butter market size was valued at USD 2.05 billion in 2018.
Application Insights:
Food and beverage industry was the largest application segment in 2017. The product is widely used in bakery, confectionery, dairy products, and processed food industries owing to its functional properties including emulsification, foaming stability, texture control and skin treatment. Moreover, it is considered as a healthy alternative due to low saturated fat content (0.5 g/t) compared to other butter types on a gram basis.
The household/retail segment is expected register the fastest CAGR of XX% from 2018 to 2030 owing to increasing consumer preference for convenient food products with better texture.
Regional Analysis:
Europe dominated the global market in terms of revenue with a share of 31.0% in 2017. The growth is attributed to increasing awareness regarding health, environmental, and animal welfare issues among consumers. Moreover, presence of stringent regulations about use of conventional dairy products by the government has led to increased consumption of plant-based butter alternatives such as soybean and canola oil based butters in countries like Germany and U.K.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising demand for vegan food products from various countries including China, Japan, Australia etc., which will drive industry expansion over next eight years.
Growth Factors:
- Increasing awareness about the health benefits of plant-based butter is one of the key growth drivers for this market.
- Rising demand for vegan and dairy-free products is also fuelling the growth of this market.
- The increasing popularity of plant-based diets among health conscious consumers is another major factor driving the growth of this market.
- Growing concerns about animal welfare and environmental sustainability are also propelling the demand for plant-based butter products worldwide. 5) The increasing number of food manufacturers offering plant-based butters as an alternative to dairy butter is another key factor contributing to the growth of this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant-Based Butter Market Research Report
By Type
Organic, Conventional
By Application
Food and Beverage Industry, Household/Retail, Other
By Companies
Conagra Brands, Inc., Upfield, Pure Blends, Nutiva, Jem Organic, Yumbutter, Ellyndale, Melt Organics, Fora Foods, 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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Plant-Based Butter Market Report Segments:
The global Plant-Based Butter market is segmented on the basis of:
Types
Organic, Conventional
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 and Beverage Industry, Household/Retail, Other
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:
- Conagra Brands, Inc.
- Upfield
- Pure Blends
- Nutiva
- Jem Organic
- Yumbutter
- Ellyndale
- Melt Organics
- Fora Foods
- Miyoko's Creamery
Highlights of The Plant-Based Butter 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:
- Organic
- Conventional
- By Application:
- Food and Beverage Industry
- Household/Retail
- Other
- 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 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
- Channel & Customer 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 is a type of vegan butter that is made from plant-based oils. It can be made from either soy or coconut oil, and it has a slightly different flavor than regular vegan butter.
Some of the major players in the plant-based butter market are Conagra Brands, Inc., Upfield, Pure Blends, Nutiva, Jem Organic, Yumbutter, Ellyndale, Melt Organics, Fora Foods, Miyoko's Creamery.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plant-Based Butter 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 Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Plant-Based Butter 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 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 Market Size & Forecast, 2018-2028 4.5.1 Plant-Based Butter Market Size and Y-o-Y Growth 4.5.2 Plant-Based Butter Market Absolute $ Opportunity
Chapter 5 Global Plant-Based Butter 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 Plant-Based Butter Market Size Forecast by Type
5.2.1 Organic
5.2.2 Conventional
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plant-Based Butter 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 Plant-Based Butter Market Size Forecast by Applications
6.2.1 Food and Beverage Industry
6.2.2 Household/Retail
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plant-Based Butter 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 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 Plant-Based Butter Analysis and Forecast
9.1 Introduction
9.2 North America Plant-Based Butter 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 Plant-Based Butter Market Size Forecast by Type
9.6.1 Organic
9.6.2 Conventional
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 Plant-Based Butter Market Size Forecast by Applications
9.10.1 Food and Beverage Industry
9.10.2 Household/Retail
9.10.3 Other
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 Plant-Based Butter Analysis and Forecast
10.1 Introduction
10.2 Europe Plant-Based Butter 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 Plant-Based Butter Market Size Forecast by Type
10.6.1 Organic
10.6.2 Conventional
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 Plant-Based Butter Market Size Forecast by Applications
10.10.1 Food and Beverage Industry
10.10.2 Household/Retail
10.10.3 Other
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 Plant-Based Butter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plant-Based Butter 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 Plant-Based Butter Market Size Forecast by Type
11.6.1 Organic
11.6.2 Conventional
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 Plant-Based Butter Market Size Forecast by Applications
11.10.1 Food and Beverage Industry
11.10.2 Household/Retail
11.10.3 Other
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 Plant-Based Butter Analysis and Forecast
12.1 Introduction
12.2 Latin America Plant-Based Butter 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 Plant-Based Butter Market Size Forecast by Type
12.6.1 Organic
12.6.2 Conventional
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 Plant-Based Butter Market Size Forecast by Applications
12.10.1 Food and Beverage Industry
12.10.2 Household/Retail
12.10.3 Other
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) Plant-Based Butter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plant-Based Butter 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) Plant-Based Butter Market Size Forecast by Type
13.6.1 Organic
13.6.2 Conventional
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) Plant-Based Butter Market Size Forecast by Applications
13.10.1 Food and Beverage Industry
13.10.2 Household/Retail
13.10.3 Other
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 Market: Competitive Dashboard
14.2 Global Plant-Based Butter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Conagra Brands, Inc.
14.3.2 Upfield
14.3.3 Pure Blends
14.3.4 Nutiva
14.3.5 Jem Organic
14.3.6 Yumbutter
14.3.7 Ellyndale
14.3.8 Melt Organics
14.3.9 Fora Foods
14.3.10 Miyoko's Creamery