Industry Background:
Plant-based butter alternatives referred to as vegan butter, is a non-dairy butter substitute. It is generally made by combining water with a plant-derived oil, like avocado, coconut, olive, palm kernel oil, or a combination of oils.This growth is primarily driven by Rising Consumption of Plant-based Butter Alternative owing to its Health Benefits.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Wild Creamery (United States), Wayfare (United States), Once Again Nut Butter Collective (United States), LIVEKINDLY Collective (United States), Miyoko's Creamery (United States), Milkadamia (United States), Melt Organic (United States), Earth Balance (United States) and Califia Farms (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 9th June 2021, LIVEKINDLY Collective has acquired The Dutch Weed Burger. The combination helps to expand the types of plant-based protein and helps to meet the customer’s needs.
On 23rd November 2021, Miyoko's Creamery has launched the world's first vegan butter cooking channel. The channel will show Miyoko's vegan butter melts, browns, bubbles, bakes, and spreads just like animal dairy butter.Global Plant-based Butter Alternative is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Influencing Trend:
Consumer Awareness about Plant-based Butter Alternative
Market Growth Drivers:
Rising Consumption of Plant-based Butter Alternative owing to its Health Benefits
Challenges:
Increasing Production of Plant-based Butter Alternative has Negative Impact on Environment like Deforestation
Restraints:
Health-Related Risks with the High Consumption of Plant-based Butter Alternative
Opportunities:
Growing Demand for Plant-based Butter Alternative can create Opportunities for the Market Growth
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Plant-based Butter Alternative Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Plant-based Butter Alternative Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Plant-based Butter Alternative players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Plant-based Butter Alternative Study Sheds Light on
The Plant-based Butter Alternative Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Plant-based Butter Alternative industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Plant-based Butter Alternative industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.