The Plant-Based Butter by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Plant-Based Butter , The plant-based butter market size has grown strongly in recent years. It will grow from $2.58 billion in 2023 to $2.76 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to health and wellness trends, environmental and ethical concerns, shift in dietary preferences, marketing and product positioning, availability and accessibility, Investment and innovation in ingredients..
The plant-based butter market size is expected to see strong growth in the next few years. It will grow to $3.68 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to rising health consciousness, environmental sustainability concerns, expansion of vegan and flexitarian diets, retail expansion and market accessibility, investment in marketing and branding, government initiatives and support.. Major trends in the forecast period include collaborations and partnerships, focus on sustainability and eco-friendly packaging, celebrity endorsements and influencer marketing, retail expansion and accessibility, diverse product offerings..
The increasing awareness of health and wellness is expected to propel the growth of the plant-based butter market. Plant-based butter is good for weight loss and provides building blocks for healthy muscles and tissues. They are high in fiber and contain less amount of calories & fats than regular dairy butter. For instance, according to the 2021 India Times poll, the COVID-19 pandemic has transformed Indians’ attitudes toward health and wellness, with 70% saying they will prioritize food and lifestyle adjustments in 2021 to manage both physical and emotional health. Therefore, the increasing awareness of health and wellness drives the growth of the plant-based butter market going forward.
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The plant-based butter market covered in this report is segmented –
1) By Nature: Organic, Conventional
2) By Source: Nuts, Avocados, Coconut, Olive Oil, Canola, Palm Fruit, Other Sources
3) By Application: Food And Beverage Industry, Food Service Industry, Households
Major companies operating in the plant-based butter market are innovating new products, such as Beleaf PlantBetter, to sustain their position in the market. Beleaf PlantBetter is a plant-based butter designed for bakery applications. For instance, in November 2023, Bunge, a US-based agribusiness and food company launched Beleaf PlantBetter. Beleaf PlantBetter provide a superior-tasting with distinctive aroma, taste, and texture of traditional butter. Beleaf PlantBetter is a blend of primarily coconut, cocoa butter, rapeseed, and lecithins. It integrated into any production process, providing the desired level of aeration, volume, and taste in products.
The plant-based butter market report table of contents includes:
1. Executive Summary
2. Plant-Based Butter Market Characteristics
3. Plant-Based Butter Market Trends And Strategies
4. Plant-Based Butter Market – Macro Economic Scenario
5. Global Plant-Based Butter Market Size and Growth
6. Plant-Based Butter Market Segmentation
7. Plant-Based Butter Market Regional And Country Analysis
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27. Plant-Based Butter Market Competitive Landscape And Company Profiles
28. Global Plant-Based Butter Market Competitive Dashboard
29. Key Mergers And Acquisitions In The Plant-Based Butter Market
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