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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.
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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.
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