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According to a new report by EMR titled, ‘Global Liquid Butter Alternatives Market Report and Forecast 2021-2026’, the global market for liquid butter alternatives is further expected to grow at a CAGR of 6% in the forecast period of 2021-2026.
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:
Key Findings of the Report:
Key Offerings of the report:
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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
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