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Global Plant Based Butter Market: By Nature: Organic, Conventional; By Source: Nuts, Avocados, Coconut, Olive Oil, Canola, Palm Fruit, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Plant Based Butter Market Outlook
The global plant based butter market is expected to grow at a CAGR of 4.3% in the forecast period of 2023-2028.
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North America and Europe to be the Significant Regional Markets for Plant Based Butter
Europe and North America are among the leading consumer regions for the plant based butter industry. The rising health awareness among the consumers is driving the growth of the market in the regions. Increasing disposable incomes and the rising demand for organic products are driving the demand for the plant butter market in these regions. The intake of plant based butter is especially higher in Western European countries. Plant based butter consumption in the countries of South Asia and East Asia is also projected to increase in the coming years due to the rising health consciousness among the consumers and the rising standards of living.
Plant Based Butter: Market Segmentation
Plant based butter refers to a butter made from plant extracts including almond, soy, coconut, and vegetable oils. Butter is the most commonly used commodity for cooking by consumers and food producers. Most of the butter products are milk-based products with heavy saturated fat and cholesterol, which can promote additional fat in the human body. Plant based butter is relatively low in saturated fat and tastes like milk butter, and can be used for cooking, baking, and spreading. Plant based butter can be used in pre-mixed meals, soups, sausages, bakeries, frozen and processed foods, in the foodservice industry, the household sector, and others.
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Based on nature, the market can be divided into the following:
- Organic
- Conventional
The source of the product can be categorised as follows:
- Nuts
- Avocados
- Coconut
- Olive Oil
- Canola
- Palm Fruit
- Others
The distribution channels include the following:
- Hypermarkets/Supermarkets
- Convenience Store
- Specialty Stores
- Online
- Others
The regional markets for plant based butter can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Population of Vegans Bolstering the Market Growth of Plant Based Butter
The rising vegan population across the globe is the main driver of the plant butter industry. Growth in the plant based sector has primarily been driven by the widespread emergence of 'flexitarians' who follow a semi-vegetarian diet as consumers respond to a combination of environmental, ethical and health concerns. In addition, there is a large media coverage on the effects of dairy and meat product production on global warming. Animal rights organisations, who are conscious of how animals are handled in the making of goods, have created a change in consumer preferences. These are the factors that influence the growth of the global demand for plant based butter.
Key Industry Players in the Global Plant Based Butter Market
The report gives a detailed analysis of the following key players in the global plant based butter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Conagra Brands, Inc.
- Upfield Europe B.V.
- Nutiva Inc.
- Prosperity Organic Foods, Inc.
- Miyoko's Kitchen, Inc.
- 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- Nature, Source, Distribution Channel, Region |
| Breakup by Nature | Organic, Conventional |
| Breakup by Source | Nuts, Avocados, Coconut, Olive Oil, Canola, Palm Fruit, Others |
| Breakup by Distribution Channel | Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Online, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Conagra Brands, Inc., Upfield Europe B.V., Nutiva Inc., Prosperity Organic Foods, Inc., Miyoko's Kitchen, Inc., 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 Industry Opportunities and Challenges
8 Global Plant Based Butter Market Analysis
8.1 Key Industry Highlights
8.2 Global Plant Based Butter Historical Market (2018-2022)
8.3 Global Plant Based Butter Market Forecast (2023-2028)
8.4 Global Plant Based Butter Market by Nature
8.4.1 Organic
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 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Plant Based Butter Market by Source
8.5.1 Nuts
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 Avocados
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Coconut
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Olive Oil
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Canola
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Palm Fruit
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Plant Based Butter Market by Distribution Channel
8.6.1 Hypermarkets/Supermarkets
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 Convenience Stores
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Specialty Stores
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Online
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Plant Based Butter Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Conagra Brands, Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Upfield Europe B.V.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Nutiva Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Prosperity Organic Foods, Inc.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Miyoko's Kitchen, Inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Plant Based Butter Market: Key Industry Highlights, 2018 and 2028
2. Global Plant Based Butter Historical Market: Breakup by Nature (USD Billion), 2018-2022
3. Global Plant Based Butter Market Forecast: Breakup by Nature (USD Billion), 2023-2028
4. Global Plant Based Butter Historical Market: Breakup by Source (USD Billion), 2018-2022
5. Global Plant Based Butter Market Forecast: Breakup by Source (USD Billion), 2023-2028
6. Global Plant Based Butter Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
7. Global Plant Based Butter Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
8. Global Plant Based Butter Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Plant Based Butter Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Plant Based Butter Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Plant Based Butter Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Plant Based Butter Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Plant Based Butter Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Plant Based Butter Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Plant Based Butter Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Plant Based Butter Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Plant Based Butter Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Plant Based Butter Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Plant Based Butter Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Corn Market: Key Industry Highlights, 2016 and 2026
26. Global Corn Historical Market: Breakup by Region (Million Metric Tons), 2018-2022
27. Global Plant Based Butter Market Structure
Key Questions Answered in the Report
The global plant based butter market is projected to grow at a CAGR of 4.3% between 2021 and 2026.
The growth of the market is being driven by factors like rising population, growing disposable income, expanding distribution network, and rising vegan population.
Animal rights organisations, who are conscious of how animals are handled in the making of goods, have created a change in consumer preferences, which is a key industry trend driving the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading nature types of plant based butter in the market are organic and conventional.
The major sources of plant based butter in the industry are nuts, avocados, coconut, olive oil, canola, and palm fruit, among others.
The significant distribution channels in the market are hypermarkets/supermarkets, convenience store, specialty stores, and online, among others.
The major players in the industry are Conagra Brands, Inc., Upfield Europe B.V., Nutiva Inc., Prosperity Organic Foods, Inc., and Miyoko's Kitchen, Inc., among others.
Analyst Review
The global plant based butter market is being driven by the growing demand for natural products. Aided by the rising vegan population, the market is expected to witness a moderate growth in the forecast period of 2023-2028, growing at a CAGR of 4.3%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By nature, the market is bifurcated into organic and conventional. Based on source, the industry is segmented into nuts, avocados, coconut, olive oil, canola, and palm fruit, among others. On the basis of distribution channel, the market is divided into hypermarkets/supermarkets, convenience store, specialty stores, and online, among others. The major regional markets for plant based butter are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Conagra Brands, Inc., Upfield Europe B.V., Nutiva Inc., Prosperity Organic Foods, Inc., and Miyoko's Kitchen, Inc., 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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