Dairy Product

PUBLISHER: Meticulous Research | PRODUCT CODE: 1518392

PUBLISHER: Meticulous Research | PRODUCT CODE: 1518392

Plant-based Butter Market by Type (Salted, Unsalted); Source (Peanut, Almond, Cashew, Soy, Coconut); Distribution Channel (Supermarkets and Hypermarkets, Online Retail, Convenience Stores, Specialty Stores); and Geography - Global Forecast to 2030

PUBLISHED: July 1, 2024

PAGES: 200 Pages

DELIVERY TIME: 5-7 business days

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Plant-based Butter Market by Type (Salted, Unsalted); Source (Peanut, Almond, Cashew, Soy, Coconut); Distribution Channel (Supermarkets and Hypermarkets, Online Retail, Convenience Stores, Specialty Stores); Geography-Global Forecast to 2030

According to the research report titled, 'Plant-based Butter Market by Type (Salted, Unsalted); Source (Peanut, Almond, Cashew, Soy, Coconut); Distribution Channel (Supermarkets and Hypermarkets, Online Retail, Convenience Stores, Specialty Stores); and Geography-Global Forecast to 2030,' the plant-based butter market is projected to reach $2.08 billion by 2030, at a CAGR of 10.8% during the forecast period 2023-2030. The report provides an in-depth analysis of the plant-based butter market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030.

Following extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts an impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of the plant-based butter market is driven by the increasing vegan population, rising awareness about plant-based butter, and growing health concerns due to the consumption of dairy butter. However, high prices of plant-based butter may restrain market growth.

Moreover, technological advancements in the processing of plant-based butter are expected to create market growth opportunities. However, product formulation and taste balancing pose a significant challenge to the market's growth.

The key players operating in the plant-based butter market are Miyoko's Kitchen (U.S.), Naturli' Foods A/S (Denmark), Valio Ltd (Finland), Violife (U.S.), Olivio Premium Products Corp. (U.S.), Epicurean Butter (U.S.), Conagra Brands (U.S.), Melt Organic (U.S.), MONTYS NYC LLC (U.S.), and Sanitarium Health and Wellbeing Company (Australia).

Based on type, the global plant-based butter market is segmented into salted butter and unsalted butter. In 2023, the salted butter segment is expected to account for the largest share of the global plant-based butter market. The large market share of this segment is attributed to the beneficial properties of salted butter, including flavor enhancement and natural preservatives. Also, the low risk of nutrient degradation and spoilage, extended shelf life, and economical in comparison to unsalted butter further support the growth of this segment.

Based on source, the global plant-based butter market is segmented into peanut, almond, cashew, soy, coconut, and other sources. In 2023, the peanut segment is expected to account for the largest share of the global plant-based butter market. The large market share of this segment is attributed to its easy and high availability, low cost, high consumer acceptance, and high nutritional content.

Based on distribution channel, the global plant-based butter market is segmented into supermarkets and hypermarkets, online retail, convenience stores, specialty stores, and other distribution channels. The online retail segment is expected to register the highest CAGR during the forecast period. The growth of this segment is driven by factors such as the wide variety of options available at discounted rates compared to traditional retail stores and the convenience provided by online channels, such as doorstep delivery.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. In 2023, Asia-Pacific is expected to account for the largest share of the plant-based butter market. The large market share of this region is attributed to the growing awareness of the consumption of a healthy diet, increasing urbanization and growing income level, rising indulgence of the large population base in the region in sports and recreational activities, and growing vegan population. However, the Asia-Pacific region is also expected to register the highest during the forecast period.

Key Questions Answered in the Report-

What is the current revenue generated by the plant-based butter market globally?
At what rate is the plant-based butter demand projected to grow for the next 5-7 years?
What are the historical market sizes and growth rates of the plant-based butter market?
What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
Which segments, in terms of type, source, and distribution channel, are expected to create traction for the manufacturers in this market during the forecast period 2023-2030?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the plant-based butter market?
Who are the major players in the plant-based butter market? What are their specific product offerings in this market?
What are the recent strategic developments in the plant-based butter market? What are the impacts of these strategic developments on the market?

Scope of the Report:

Plant-based Butter Market Assessment-by Type

Salted Butter
Unsalted Butter

Plant-based Butter Market Assessment-by Source

Peanut
Almond
Cashew
Soy
Coconut
Others

Plant-based Butter Market Assessment-by Distribution Channel

Supermarkets and Hypermarkets
Online Retail
Convenience Stores
Specialty Stores
Other Distribution Channels

Plant-based Butter Market Assessment-by Geography

North America
U.S
Canada
Europe
Germany
U.K.
Spain
Italy
France
Netherlands
Belgium
Austria
Poland
Portugal
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Thailand
South Korea
Rest of Asia-Pacific (RoAPAC)
Latin America
Brazil
Mexico
Argentina
Rest of Latin America (RoLATAM)
Middle East & Africa

Product Code: MRFB - 104952

1. Market Definition & Scope

1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Process
2.2. Data Collection & Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
2.5. Limitations of the Study

3. Executive Summary

3.1. Overview
3.2. Segment Analysis
- 3.2.1. Plant-Based Butter Market Assessment-by Type
- 3.2.2. Plant-Based Butter Market Assessment-by Source
- 3.2.3. Plant-Based Butter Market Assessment-by Distribution Channel
3.3. Plant-Based Butter Market: Regional Analysis
3.4. Competitive Landscape & Market Competitors

4. Market Insights

4.1. Overview
4.2. Drivers
- 4.2.1. Increasing Vegan Population
- 4.2.2. Growing awareness for plant-based butter
- 4.2.3. Growing Health Concerns Due to the Consumption of Dairy Butter
4.3. Restraints
- 4.3.1. High Prices of Plant-Based Butter
4.4. Opportunities
- 4.4.1. Technological Advancements
4.5. Challenges
- 4.5.1. Product Formulation and Taste Balancing
4.6. Porter's Five Forces Analysis
- 4.6.1. Bargaining Power of Suppliers
- 4.6.2. Bargaining Power of Buyers
- 4.6.3. Threat of Substitutes
- 4.6.4. Threat of New Entrants
- 4.6.5. Degree of Competition

5. Plant-Based Butter Market Assessment, by Type

5.1. Overview
5.2. Salted Butter
5.3. Unsalted Butter

6. Plant-Based Butter Market Assessment, by Source

6.1. Overview
6.2. Peanut
6.3. Almond
6.4. Cashew
6.5. Soy
6.6. Coconut
6.7. Other Sources

7. Plant-Based Butter Market Assessment, by Distribution Channel

7.1. Overview
7.2. Supermarkets and Hypermarkets
7.3. Online Retail
7.4. Convenience Stores
7.5. Specialty Stores
7.6. Other Distribution Channels

8. Plant-Based Butter Market Assessment, by Geography

8.1. Overview
8.2. North America
- 8.2.1. U.S.
- 8.2.2. Canada
8.3. Europe
- 8.3.1. Germany
- 8.3.2. U.K.
- 8.3.3. Spain
- 8.3.4. Italy
- 8.3.5. France
- 8.3.6. Netherlands
- 8.3.7. Belgium
- 8.3.8. Austria
- 8.3.9. Poland
- 8.3.10. Portugal
- 8.3.11. Rest of Europe (RoE)
8.4. Asia-Pacific
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. Australia
- 8.4.5. Thailand
- 8.4.6. South Korea
- 8.4.7. Rest of Asia-Pacific (RoAPAC)
8.5. Latin America
- 8.5.1. Brazil
- 8.5.2. Mexico
- 8.5.3. Argentina
- 8.5.4. Rest of Latin America
8.6. Middle East & Africa

9. Competitive Analysis

9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
- 9.4.1. Industry Leaders
- 9.4.2. Market Differentiators
- 9.4.3. Vanguards
- 9.4.4. Contemporary Stelwarts
9.5. Market Share Analysis, by the Key Players/Key Market Ranking, 2022

10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

10.1. Miyoko's Kitchen
10.2. Naturli' Foods A/S
10.3. Valio Ltd
10.4. Violife
10.5. Olivio Premium Products Corp.
10.6. Epicurean Butter
10.7. Conagra Brands
10.8. Melt Organic
10.9. MONTYS NYC LLC
10.10. Sanitarium Health and Wellbeing Company
10.11. Other Companies

(Note: SWOT Analysis of the top 5 companies will be Provided.)

11. Appendix

11.1. Questionnaire
11.2. Available Customization

Product Code: MRFB - 104952

LIST OF TABLES

Table 1 Global Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 2 Global Salted Butter Market, by Country/Region, 2021-2030 (USD Million)
Table 3 Global Unsalted Butter Market, by Country/Region, 2021-2030 (USD Million)
Table 4 Global Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 5 Global Peanut-based Butter Market, by Country/Region, 2021-2030 (USD Million)
Table 6 Global Almond-based Butter Market, by Country/Region, 2021-2030 (USD Million)
Table 7 Global Cashew-based Butter Market, by Country/Region, 2021-2030 (USD Million)
Table 8 Global Soy-based Butter Market, by Country/Region, 2021-2030 (USD Million)
Table 9 Global Coconut-based Butter Market, by Country/Region, 2021-2030 (USD Million)
Table 10 Global Other Sources-based Butter Market, by Country/Region, 2021-2030 (USD Million)
Table 11 Global Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 12 Global Plant-based Butter Market for Supermarkets and Hypermarkets, by Country/Region, 2021-2030 (USD Million)
Table 13 Global Plant-based Butter Market for Online Retail, by Country/Region, 2021-2030 (USD Million)
Table 14 Global Plant-based Butter Market for Convenience Stores, by Country/Region, 2021-2030 (USD Million)
Table 15 Global Plant-based Butter Market for Specialty Stores, by Country/Region, 2021-2030 (USD Million)
Table 16 Global Plant-based Butter Market for Other Distribution Channels, by Country/Region, 2021-2030 (USD Million)
Table 17 Global Plant-based Butter Market, by Country/Region, 2021-2030 (USD Million)
Table 18 North America: Plant-based Butter Market, by Country, 2021-2030 (USD Million)
Table 19 North America: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 20 North America: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 21 North America: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 22 U.S.: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 23 U.S.: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 24 U.S.: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 25 Canada: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 26 Canada: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 27 Canada: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 28 Europe: Plant-based Butter Market, by Country, 2021-2030 (USD Million)
Table 29 Europe: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 30 Europe: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 31 Europe: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 32 Germany: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 33 Germany: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 34 Germany: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 35 U.K.: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 36 U.K.: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 37 U.K.: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 38 Spain: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 39 Spain: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 40 Spain: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 41 Italy: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 42 Italy: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 43 Italy: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 44 France: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 45 France: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 46 France: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 47 Netherlands: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 48 Netherlands: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 49 Netherlands: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 50 Belgium: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 51 Belgium: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 52 Belgium: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 53 Austria: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 54 Austria: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 55 Austria: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 56 Poland: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 57 Poland: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 58 Poland: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 59 Portugal: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 60 Portugal: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 61 Portugal: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 62 Rest of Europe: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 63 Rest of Europe: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 64 Rest of Europe: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 65 Asia-Pacific: Plant-based Butter Market, by Country, 2021-2030 (USD Million)
Table 66 Asia-Pacific: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 67 Asia-Pacific: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 68 Asia-Pacific: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 69 China: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 70 China: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 71 China: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 72 Japan: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 73 Japan: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 74 Japan: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 75 India: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 76 India: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 77 India: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 78 Australia: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 79 Australia: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 80 Australia: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 81 Thailand: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 82 Thailand: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 83 Thailand: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 84 South Korea: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 85 South Korea: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 86 South Korea: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 87 Rest of Asia-Pacific: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 88 Rest of Asia-Pacific: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 89 Rest of Asia-Pacific: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 90 Latin America: Plant-based Butter Market, by Country, 2021-2030 (USD Million)
Table 91 Latin America: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 92 Latin America: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 93 Latin America: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 94 Brazil: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 95 Brazil: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 96 Brazil: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 97 Mexico: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 98 Mexico: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 99 Mexico: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 100 Argentina: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 101 Argentina: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 102 Argentina: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 103 Rest of Asia-Pacific: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 104 Rest of Asia-Pacific: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 105 Rest of Asia-Pacific: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 106 Middle East & Africa: Plant-based Butter Market, by Type, 2021-2030 (USD Million)
Table 107 Middle East & Africa: Plant-based Butter Market, by Source, 2021-2030 (USD Million)
Table 108 Middle East & Africa: Plant-based Butter Market, by Distribution Channel, 2021-2030 (USD Million)
Table 109 Number of Developments by Major Players During 2020-2024

LIST OF FIGURES

Figure 1 Market Ecosystem
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7 Market Size Estimation
Figure 8 The Salted Butter Segment to Dominate the Plant-based Butter Market
Figure 9 The Peanut Segment to Dominate the Plant-based Butter Market
Figure 10 The Online Retail Segment to Register the Fastest Growth in the Plant-based Butter Market
Figure 11 Asia-Pacific Dominates the Plant-based Butter Market
Figure 12 Factors Affecting Market Growth
Figure 13 Global Plant-based Butter Market, by Type, 2024 Vs. 2030 (USD Million)
Figure 14 Global Plant-based Butter Market, by Source, 2024 Vs. 2030 (USD Million)
Figure 15 Global Plant-based Butter Market, by Distribution Channel, 2024 Vs. 2030 (USD Million)
Figure 16 North America: Plant-based Butter Market Snapshot (2024)
Figure 17 Europe: Plant-based Butter Market Snapshot (2024)
Figure 18 Asia-Pacific: Plant-based Butter Market Snapshot (2024)
Figure 19 Latin America: Plant-based Butter Market Snapshot (2024)
Figure 20 Middle East & Africa: Plant-based Butter Market Snapshot (2024)
Figure 21 Key Growth Strategies Adopted by Leading Players, 2020-2024
Figure 22 Global Plant-based Butter Market: Competitive Benchmarking, by Source
Figure 23 Conagra Brands: Financial Overview (2022)