Plant-Based Butter Market Will Reach at $3.68 Billion by 2028 at a CAGR of 7.5% during Forecast Period 2024-2033 | Key Players: Conagra Brands Inc., Upfield Holdings B.V., Pure Blends, Nutiva Inc., Jem Organics

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The Business Research Company offers in-depth market insights through Plant-Based Butter Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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, nvestment 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..

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Market Segmentation:
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 Driver - Rising Health And Wellness Awareness Ignites Growth In The Plant-Based Butter Market
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.

Competitive Landscape:
Major companies operating in the plant-based butter market report are Conagra Brands Inc., Upfield Holdings B.V., Pure Blends, Nutiva Inc., Jem Organics, Yumbutter, Melt Organic, ForA Foods, Miyoko's Creamery, Prosperity Organic Food Inc., Premier Organics, Naturli Foods Ltd., Daisya Fine Food Ltd., Carley's Organic, The Forager Project, Goodmylk Ltd., Milkadamia Co., Nuts For Cheese, Axia Foods Inc., WayFare Foods, Earth Balance, Country Crock, Flora Plant Butter, Vitalite, Purely Balanced, Nutcrafter Creamery & Bakery Inc., Treeline Cheese Co. .

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Top Trend - Elevating Bakery Delights With Superior Plant-Based Butter Blend
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 Table Of Content For The Market Report Include:
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. Plant-Based Butter Market Size And Growth
…..
27. Plant-Based Butter Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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