Reports
Global Liquid Butter Alternatives Market: By Type: Palm, Soybean, Canola, Lauric, Other Oils; By Distribution Channel: Direct Sales, Indirect Sales; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Liquid Butter Alternatives Market Outlook
The global liquid butter alternatives market is expected to grow at a CAGR of about 6% in the forecast period of 2023-2028. The market is expected to be driven by the rising health consciousness among the consumers.
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North America to Significantly Drive the Demand for Liquid Butter Alternatives
North America is among the leading regions for the liquid butter alternatives market. The demand in the region is primarily being driven by the eating habits of the consumers. The region is anticipated to maintain its significant position in the industry in the coming years as the preference for packaged food, and baked goods remain steadily high, contributing to the substantial consumption of butter and margarine. Liquid butter alternative acts as a healthy and cost-effective substitute for butter. Since the product is free from fat and cholesterol, it is widely preferred among the consumers. Apart from North America, the Asia Pacific is likely to witness a robust growth in the coming years due to the rising demand from emerging economies like India and China, who are witnessing increased consumption of baked goods.
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Liquid Butter Alternatives: Market Segmentation
Liquid butter alternative, also referred to as phase oil, is widely used as a low-price substitute for butter or margarine. This alternative is versatile since it does not burn, spatter, or scorch. It has plenty of uses in the restaurant and hotel industries. It is most commonly used for frying and baking, among other uses.
Based on type, the industry can be divided into:
- Palm Oil
- Soybean Oil
- Canola Oil
- Lauric Oil
- Others
The distribution channels for the product can be divided into direct sales and indirect sales. Indirect sales can be further divided into the following types:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retailers
- Others
The product finds its end-use in the household and commercial sectors. The regional markets for liquid butter alternatives can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Awareness of the Health Benefits of Liquid Butter Alternatives to Bolster the Market Growth
The market is primarily being driven by the factor that the product provides the flavour of butter without using fatty and cholesterol-rich butter. The demand is also continuously increasing due to the product's lightly salted formula and high heat tolerance, which make it ideal for cooking. The product is widely demanded among the health-conscious consumers as it has zero grams of trans fat per serving as compared to regular butter and contains no cholesterol. It has plenty of applications in the food industry as the product imparts a rich and buttery flavour to the food without adding fat. Liquid butter alternatives have a longer shelf life and are, thus, more convenient. Along with being convenient for the consumers, the product is also cost-effective and helps save more as compared to butter. These are some of the factors boosting the sales of the product, along with factors like the rising middle-class population, rapid urbanisation, and the increasing disposable incomes of the consumers.
Key Industry Players in the Global Liquid Butter Alternatives Market
The report gives a detailed analysis of the following key players in the global liquid butter alternatives market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Cargill, Inc.
- Bunge Limited
- Ventura Foods, LLC
- AAK Foodservice
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Distribution Channel, End Use, Region |
| Breakup by Type | Palm Oil, Soybean Oil, Canola Oil, Lauric Oil, Others |
| Breakup by Distribution Channel | Direct Sales, Indirect Sales |
| Breakup by End Use | Household, Commercial |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Cargill, Inc., Bunge Limited, Ventura Foods, LLC, AAK Foodservice, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Liquid Butter Alternatives Market Analysis
8.1 Key Industry Highlights
8.2 Global Liquid Butter Alternatives Historical Market (2018-2022)
8.3 Global Liquid Butter Alternatives Market Forecast (2023-2028)
8.4 Global Liquid Butter Alternatives Market by Type
8.4.1 Palm Oil
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Soybean Oil
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Canola Oil
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Lauric Oil
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Liquid Butter Alternatives Market by Distribution Channel
8.5.1 Direct Sales
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Indirect Sales
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.2.3.1 Supermarkets and Hypermarkets
8.5.2.3.1.1 Market Share
8.5.2.3.1.2 Historical Trend (2018-2022)
8.5.2.3.1.3 Forecast Trend (2023-2028)
8.5.2.3.2 Convenience Stores
8.5.2.3.2.1 Market Share
8.5.2.3.2.2 Historical Trend (2018-2022)
8.5.2.3.2.3 Forecast Trend (2023-2028)
8.5.2.3.3 Online Retailers
8.5.2.3.3.1 Market Share
8.5.2.3.3.2 Historical Trend (2018-2022)
8.5.2.3.3.3 Forecast Trend (2023-2028)
8.5.2.3.4 Others
8.6 Global Liquid Butter Alternatives Market by End Use
8.6.1 Household
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Commercial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Liquid Butter Alternatives Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Liquid Butter Alternatives Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Liquid Butter Alternatives Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Liquid Butter Alternatives Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Liquid Butter Alternatives Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Liquid Butter Alternatives Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Manufacturing Process
16.1 Overview
16.2 Detailed Process Flow
16.3 Operation Involved
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Cargill, Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Bunge Limited
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Ventura Foods, LLC
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 AAK Foodservice
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1. Project Requirements and Cost Analysis
1.1 Land, Locations, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investment
List of Key Figures and Tables
1. Global Liquid Butter Alternatives Market: Key Industry Highlights, 2018 and 2028
2. Global Liquid Butter Alternatives Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Liquid Butter Alternatives Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Liquid Butter Alternatives Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
5. Global Liquid Butter Alternatives Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
6. Global Liquid Butter Alternatives Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Liquid Butter Alternatives Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Liquid Butter Alternatives Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Liquid Butter Alternatives Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Liquid Butter Alternatives Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Liquid Butter Alternatives Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Liquid Butter Alternatives Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Liquid Butter Alternatives Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Liquid Butter Alternatives Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Liquid Butter Alternatives Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Liquid Butter Alternatives Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Liquid Butter Alternatives Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Liquid Butter Alternatives Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Liquid Butter Alternatives Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Liquid Butter Alternatives Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6% between 2021 and 2026.
The major drivers of the industry, such as rising disposable incomes, increasing middle class population, growing health awareness, rising demand from the developing regions, increasing demand for convenient foods, and rising consumption of bakery goods, are expected to aid the market growth.
The key trends guiding the growth of the market include the rising awareness and adoption of the product.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of liquid butter alternatives in the industry are palm oil, soybean oil, and canola oil, lauric oil, among others.
The major distribution channels in the industry are direct sales and indirect sales.
The significant end-use sectors in the industry are the household and commercial sectors.
The major players in the industry are Cargill, Inc., Bunge Limited, Ventura Foods, LLC, and AAK Foodservice, among others.
Analyst Review
The global liquid butter alternatives market is being driven by the rising consumption of bakery product and growing health consciousness. Aided by the product diversifications, the market is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 6%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market can be segmented into palm oil, soybean oil, canola oil, lauric oil, and others. Based on distribution channel, the industry is bifurcated into direct sales and indirect sales. On the basis of end use, the industry is divided into household and commercial sectors. The major regional markets for liquid butter alternatives are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cargill, Inc., Bunge Limited, Ventura Foods, LLC, and AAK Foodservice, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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