About Plant Based Butter
Plant-based butter maybe a batter made up of plant extracts like almond, soy, coconut, and vegetable oils. Butter is that the most used product in cookery by shoppers and food makers. Plant-based butter is that a batter made up of plant extracts like almond, soy, coconut, and vegetable oils. Butter is that the most used product in cookery by shoppers and food makers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Plant Based Butter market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Plant Based Butter Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Plant Based Butter market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Conagra Brands, Inc. (United States), Upfield (Netherlands), Wayfare (United States), J.H. Filbert company (United States), Pure Blends (United States), Ellyndale (United States), Melt Organics (United States), Fora Foods (United States), Miyoko's Creamery (United States) and Dakini Health Foods (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are i2Cook (India), JUS’ AMAZIN Seed (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Plant Based Butter market by Type (Organic and Conventional), Application (Household and Commercial) and Region.
On the basis of geography, the market of Plant Based Butter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Packaging, the sub-segment i.e. Cans will boost the Plant Based Butter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Plant Based Butter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Plant-based Milk will boost the Plant Based Butter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Clean Label Manufacturing and Premium Packaging
Market Growth Drivers:
Rise in Demand for the Plant-Based Diet due to Health Awareness and Growth in Number of Vegan Population Across the Globe
Challenges:
Availability of Substitutes in Market will Hinder the Plant Based Butter Market
Restraints:
Higher Costs of Producing Conventional Plant Based Butter and The Resultant Pricing
Opportunities:
Higher Costs of Producing Conventional Plant Based Butter and The Resultant Pricing
Market Leaders and their expansionary development strategies
In2018, Upfield Group B.V., the global leader of plant-based butter and spreads acquired Arivia S.A, the leader in plant-based products. This acquisition will expand and complement the product portfolio and innovation to serve the vegan population.
In 2021, Upfield, a market-leading spread, and vegan cheeses and spreads launched Flora Plant-Based Butter. The product helps the vegan population to add plant-based foods to their grocery baskets for dietary, ethical, and environmental reasons.
Key Target Audience
Plant-Based Butter Manufacturers, Distributor/Supplier, Raw Material Provider, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.