Global Liquid Butter Alternatives Market to Grow at a CAGR of 6% During 2021-2026, Aided by the Rising Demand for Low-Cholesterol Food

The global liquid butter alternatives industry is being aided by the rising demand for low-cholesterol food, especially from the urban areas, as the demand from restaurants and hotels is constantly rising. North America is one of the leading consumer regions for the product due to the rising bakery industry in the region. The growing consumption of processed and baked goods is also aiding the growth of the market in the region. The market is being driven by the rising standards of living among the middle-class population in the region, aided by the growing disposable incomes. The rising health consciousness and the growing awareness of lifestyle-related diseases are further propelling the market forward in North America.

The expansion of the distribution channels for the product is boosting the global industry growth. The product is commonly available on hypermarkets like Walmart Inc (NYSE: WMT) as well as e-commerce platforms like Amazon.com, Inc. (NASDAQ: AMZN). The industry finds wide applications in the food and bakery industries. It provides a rich buttery taste at a much lesser price than butter. These factors together are likely to boost the overall industry.

Market Analysis by Type, Distribution Channel, End Use, and Region:

• Based on type, the industry can be divided into palm oil, soybean oil, canola oil, and lauric oil, among others.
• The distribution channels for liquid butter alternatives include direct sales and indirect sales. Indirect sales can be further divided into supermarkets and hypermarkets, convenience stores, and online retailers, among others.
• The end uses of the product can be divided into household and commercial.
• The regional markets for liquid butter alternatives include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The demand for liquid butter alternatives is being driven by its convenient and cost-effective nature.
• The product finds wide applications in the food industry, especially in restaurants and hotels, which is aiding the growth of the market.
• The market is also being aided by the rising health consciousness as the product is a healthy alternative because it has no trans-fat or cholesterol as compared to regular butter.
• Its factors like high heat tolerance, lightly salted formula, and longer shelf life, are likely to aid the industry growth.
• Factors such as the rising middle-class population and increasing purchasing power of the consumers are also expected to boost the industry growth.

Key Offerings of the report:

• The EMR report gives an overview of the global market for liquid butter alternatives for the periods (2016-2020) and (2021-2026).
• The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the type, distribution channels, end use, and major regions of liquid butter alternatives.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

 
The major players in the global liquid butter alternatives market are Cargill, Inc., Bunge Limited, Ventura Foods, LLC, AAK Foodservice, and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.