openPR Logo
Press release

Plant-based Spreads Market Top Players - Daiya Foods Inc., Meridian Group., Amy's Kitchen, Inc., B&G Foods, Inc.

12-06-2024 07:06 AM CET | Food & Beverage

Press release from: InsightAce Analytic Pvt. Ltd

Plant-based Spreads Market

Plant-based Spreads Market

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Plant-based Spreads Market - (By Type of Spreads (Lard, Margarine, Nut Butters, Legume-based spreads, Veggie Pâtés, Pestos, Guacamole, Hummus, Vegan Cream Cheese, Vegan Herring Salad, Jam, Others), By Source of Spreads (Pulses, Vegetable Oils, Nuts, Seeds, Grains), By Distribution Channel of Spreads (Hypermarket and Supermarket, Convenience Store, Specialty Store, Online Channel)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Plant-based Spreads Market is valued at US$ 468.1 Mn in 2023, and it is expected to reach US$ 704.3 Mn by 2031, with a CAGR of 5.44% during the forecast period of 2024-2031.

Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2571

Spreads are generally known to be thick because they contain fats, healthy vegetable oil, and butter. Spreads are added to food, including bakery breads and crackers. Spreads are becoming the product in trend for bread during breakfast time. Vegan spreads, which are also known as butter replacements, exclude the conventional dairy butter that comes from fresh milk or cream. As an alternative, a comparable procedure is followed, but vegetable, coconut or sunflower oils are utilized instead of animal-based butterfat. The plant-based spreads market is experiencing robust growth driven by increasing consumer need for healthier and sustainable food options. Factors such as rising awareness of health and environmental benefits, growing preference for vegan and vegetarian products, and innovations in flavours and textures are fueling market expansion. Challenges include competition from traditional spreads, production costs, raw material availability, regulatory complexities, and consumer perception issues. Despite these challenges, the market is witnessing a surge in popularity & acceptance due to the influence of social media, celebrity endorsements, and the availability of a diverse range of plant-based spread options catering to evolving consumer preferences.

List of Prominent Players in the Plant-based Spreads Market:
• Daiya Foods Inc.
• Meridian Group.
• Amy's Kitchen Inc.
• Follow Your Heart
• B&G Foods Inc.
• Litehouse Inc.
• Red Duck Foods, Inc.
• Majestic Garlic
• Bear Pond Farm
• Kensington & Sons
• Kite HILL
• WayFare Health Foods
• Good Foods Group LLC
• Galaxy Nutritional Foods, Inc.
• Frito-Lay North America, Inc.

Market Dynamics:
Drivers-
The growth of the plant-based spreads market is fueled by the expanding consumer consciousness regarding the health and environmental advantages, the increasing demand for vegan and vegetarian options, the growing worries about animal cruelty, and the vast range of plant-based ingredients that are readily accessible. Furthermore, the market enlargement is being driven by the increasing demand for clean labeling and natural products, as well as advancements in flavors and textures. In addition, the impact of social media, endorsements by celebrities, and the growth of distribution channels are all factors that are helping to the rising popularity and sales of plant-based spreads.

Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2024-02

Challenges:
The plant-based spreads market faces challenges such as competition from traditional dairy-based spreads, higher production costs of plant-based ingredients, limited availability of certain raw materials, and the need for continuous product innovation to meet consumer preferences. Additionally, regulatory hurdles related to labelling, health claims, and food safety standards can pose challenges for market players. Distribution and shelf space limitations in retail outlets, as well as consumer skepticism about taste and texture compared to conventional spreads, also present obstacles. Furthermore, fluctuations in raw material costs and the impact of global supply chain disruptions can affect the market's growth trajectory.

Regional Trends:
The North American market for plant-based spreads is expected to have a substantial portion of the total revenue. The growing population of individuals with lactose intolerance is transitioning to vegan alternatives such as butter, cheese, and yogurt, hence fueling the expansion of the industry. Additionally, the market is anticipated to be stimulated by non-vegan consumers who choose to consume vegan cuisine due to its advantageous impact on health. The Asia Pacific region is estimated to undergo the most rapid growth rate throughout the projection period. The growth of the Asia Pacific plant-based spreads market is propelled by the growing acceptance of Western dietary practices and the increasing recognition of the advantages of vegan food items.

Recent Developments:
• In Mar 2024, Daiya has announced the release of their new Dairy-Free Cheese Shreds designed exclusively for foodservice operators. Building upon the popularity of its exclusive ingredient, Daiya Oat Cream™ blend, which was introduced in retail stores last December, these inventive shreds guarantee a cheese-like melt that achieves a similar browning effect. This makes them ideal for foodservice operators and restaurateurs seeking to enhance their plant-based menu options.
• In May 2021, Philadelphia, the renowned cream cheese brand under The Kraft Heinz Company, is expanding its plant-based cream cheese line, introducing its first plant-based spread nationwide, marking a new era for the iconic brand.

Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/2571

Segmentation of Plant-based Spreads Market-
By Type of Spreads:-
• Lard
• Margarine
• Nut Butters
• Legume-based spreads
• Veggie Pâtés
• Pestos
• Guacamole
• Hummus
• Vegan Cream Cheese
• Vegan Herring Salad
• Jam
• Others
By Source of Spreads:
• Pulses
• Vegetable Oils
• Nuts
• Seeds
• Grains
By Distribution Channel of Spreads:
• Hypermarket and Supermarket
• Convenience Store
• Specialty Store
• Online Channel
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Empower Your Decision-Making with 180 Pages Full Report @ https://www.insightaceanalytic.com/buy-report/2571

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Plant-based Spreads Market Top Players - Daiya Foods Inc., Meridian Group., Amy's Kitchen, Inc., B&G Foods, Inc. here

News-ID: 3775107 • Views:

More Releases from InsightAce Analytic Pvt. Ltd

Biocides Market Latest Trends and Growth Factors Analysis 2024 to 2031
Biocides Market Latest Trends and Growth Factors Analysis 2024 to 2031
"Biocides Market" in terms of revenue was estimated to be worth $11.57 billion in 2023 and is poised to reach $16.83 billion by 2031, growing at a CAGR of 4.91% from 2024 to 2031, according to a new report by InsightAce Analytic. Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1637 Latest Drivers Restraint and Opportunities Market Snapshot: Key factors influencing the global Biocides Market are: • Growing Awareness of Hygiene and
Beneficial Insects Market Current Scenario with Future Trends Analysis to 2031
Beneficial Insects Market Current Scenario with Future Trends Analysis to 2031
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Beneficial Insects Market Size, Share & Trends Analysis Report By Application (Crop protection, Crop production), Type (Predators, Parasitoids, Pathogens, and Pollinators), Crop Type (Fruits & Vegetables, Flowers & Ornamentals, and Grains & Pulses), Region, Market Outlook And Industry Analysis 2031" The global Beneficial Insects market is estimated to reach over USD 2.18 billion by 2031, exhibiting
Avocado Puree Market Current Scenario with Future Trends Analysis to 2031
Avocado Puree Market Current Scenario with Future Trends Analysis to 2031
The global avocado puree market is estimated to reach over USD 755.03 million by 2031, exhibiting a CAGR of 5.18% during the forecast period. Fresh avocados mashed, puréed, pressed, or sieved into a creamy slurry or paste consistency are used to make avocado purees. Avocado purees make mixed fruit drinks, infant food, and guacamole. Avocado puree market revenue is predicted to increase at a high CAGR, driven by millennials' phenomenal demand
Automotive Lead Acid Battery Market Latest Trends and Growth Factors Analysis 2024 to 2031
Automotive Lead Acid Battery Market Latest Trends and Growth Factors Analysis 20 …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Automotive Lead Acid Battery Market Size, Share & Trends Analysis Report By Product (SLI and Micro-Hybrid Batteries), Type (Flooded, Enhanced Flooded, and VRLA), Customer Segment (OEM and Aftermarket), End User (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheeler, and Three-Wheeler), and Application (Hybrid Vehicles, Electric Vehicles, Light Motor Vehicles, and Heavy Motor Vehicles)- Market

All 5 Releases


More Releases for Spreads

Fruit Spreads Market Insights, 2018-2026
Global Fruit Spreads Market: Overview Fruit spreads include a wide variety of spreads such as jams, jellies, compotes, preserves, and marmalades. While they share similarities in texture, each of them is made of different ingredients and hence shows different consistencies depending on the making process and the ingredients used. Read report Overview- https://www.transparencymarketresearch.com/fruit-spreads-market.html Each type serves a different recipe need of consumers and imparts different flavour. The growth of the fruit spreads market is
Dips and Spreads Market Consumption Status and Prospects Professional Dips and S …
(Latest Industry Report 2022) Dips and Spreads Market report provides a basic overview of the industry including definitions and classifications. The market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. The study provides a complex examination of the application, including a detailed cost assessment analysis of the products available in the global market with respect to the profit margins of
Dips and Spreads Market: Coronavirus Impact - Key Takeaways
The study on dips and spreads market by Fortune Business Insights is titled, "Dips and Spreads Market Size, Share, & Industry Analysis, By Product Type (Chipotle, Tomato, Corn, Black Bean, Jalapeno, Mayonnaise, Others), By Application (Household, Food Service Industry) and Regional Forecast, 2019-2026. Get Detailed Analysis on Dips and Spreads Market Research Report https://www.fortunebusinessinsights.com/industry-reports/dips-and-spreads-market-101514 Nestle India entered into gourmet dips and spreads segment in September 2018 with the launch of Maggi Dip
Country Profile: Syrups & Spreads Market Overview in France
HTF Market Intelligence released a new research report of 110 pages on title 'Country Profile: Syrups & Spreads Market in France' with detailed analysis, demand, overview, current size, future status, further market opportunities, forecast and strategies. The study covers key regions that includes France and important players such as Ferrero, Andros Group Inc., Materne Industries, Teisseire, Labeyrie Fine Foods, F. Duerr & Sons Ltd, Pulco, Sas Lucien Georgelin, Naturalim France
PROLIM spreads its wings into Delhi NCR, India.
PROLIM Global Corporation, a global leader for PLM, IT, IOT Consulting Services inaugurated its new office premises located on Gurgaon JMD Pacific Square, Sector 15. The effort is to accommodate the growing business needs of northern region and to serve our existing customers. “PROLIM has witnessed great traction globally and this step will create great collaboration between different functions within our organization which will, in turn, benefit our customers and partners.
Nut-based Spreads and Sweet Spreads Market Growth Heightens in the US with Incli …
Albany, US, 2018-Sep-26 — /EPR Network/ — Significant dependence for peanut butter unwinds potent growth avenues in nut-based spreads and sweet spreads in the US. However, evolving consumer preferences for sugar free products has taken a toll on the growth of nut based spreads and sweet spreads in the US. Introduction of diversified tastes and inclusion of novel ingredients remain quintessential for the growth of the market. A new research report