Plant-Based Butter Market Segments 2024-2033 | Size, Share And Insights

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Plant-Based Butter Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $3.68 billion In 2028 At A CAGR Of 7.5%.

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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Plant-Based Butter Market Major Segments
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

Key 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.

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Prominent 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.

Plant-Based Butter Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the plant-based butter market in 2023. The regions covered in the plant-based butter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Plant-Based Butter Market Report Structure
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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