The global plant based butter market is anticipated to grow at a significant CAGR of 5.1% during the forecast period. The rising incidence of obesity across the globe coupled up with additional health benefits of plant based butter is creating opportunities for the plant based butter in the market. Consumption of conventional butter is linked to a higher risk of obesity, heart disease and other diseases, due to its high levels of saturated fat. According to Switch4Good, a health awareness non-profit organization, in 1 tbsp of butter there is 7g of saturated fat, 0.5g of trans fats, and 31 mg of cholesterol and based on a 2,000 calorie diet that is 35% of daily recommended saturated fat, 10% of daily recommended cholesterol and 100% of daily recommended trans-fat. Therefore, population prevailing with diseases such as obesity are suggested to go after fat-free diets and that is why they are keenly looking for plant-based ingredients including plant based butter. Moreover, the plant-based butter provides additional health benefits such as maintaining healthy cholesterol levels, gluten-free, lactose-free and comes with benefits of plant extracts, which is further boosting its demand in the market.
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COVID-19 pandemic highly impacted the food and beverages industry, as disorder in global supply chains and trade barriers all over the world consequently impacted the production of plant-based food products and ingredients. Moreover, due to lockdown in many countries caused disruption in retail sector and the consumers were willing to buy only necessary products. However, the reduced consumption of out-of-home food, home cooking became more popular as an option for savings and created potential revenue generation opportunities for the market during this period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Plant Based Butter Market by Source
- Plant-based Milk
- Almond
- Coconut
- Olive oil
- Canola
- Palm Fruit
- Others
Global Plant Based Butter Market by Application
- Food and Beverage Industry
- Foodservice Industry
- Household
Global Plant Based Butter Market by Distribution Channel
- Offline Distribution
- Online Distribution
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Betterthanorganic Pvt Ltd
- Bubble Superfoods
- Conagra Brands, Inc. (Smart Balance)
- FITSHIT Health Solutions Pvt Ltd
- Forager Project
- Goodmylk
- JEM Organics
- Jus Amazin Food and Beverages Pvt. Ltd.
- Kite Hill
- Land O’Lakes, Inc.
- Milkadamia
- Miyoko’s Kitchen
- Nuts For Cheese
- Nutiva Inc.
- Om Sweet Home
- Organic Love And Light
- Tribe 9 Foods (Yumbutter)
- Upfield Europe B.V. (I Can’t Believe it’s not Butter)
- Upfield Europe B.V. (Pure Blends)
- WayFare
- Wildbrine
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global plant based butter market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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