Plant Based Butter Market 2022-2028

PUBLISHED: October 16, 2022

PAGES: 125 Pages

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Global Plant Based Butter Market Size, Share & Trends Analysis Report by Source (Plant-based Milk, Almond, Coconut, Olive oil, Canola, Palm Fruit, and Others), by Application (Food and Beverage Industry, Foodservice Industry, Household), and by Distribution Channel (Online Distribution and Offline Distribution) Forecast (2022-2028)

The global plant based butter market is anticipated to grow at a substantial CAGR of 5.1% during the forecast period. The surging vegan and vegetarian population across the globe is the major factor which is positively influencing growth of the plant based butter market. Plant based products such as plant based butter are largely intended towards vegans, vegetarians, flexitarians who eat a vegetarian diet but without completely removing meat. Plant based butter is nearly similar to normal butter in texture and taste but also highly nutritional and can be used for cooking, baking, and spreading. Plant-based butters are made from plant-derived oils and as they are free of animal products, they provide benefit to both the health and the environment. As a respond to environmental and health concerns, the widespread emergence of flexitarians is majorly driving the plant-based butter market. According to The Food Industry Association 2019 report, rising number of households (33%) has at least one member following a vegan, vegetarian, pescatarian or flexitarian diet.

The global plant based butter market is segmented based on the source, application, and distribution channel. Based on the source, the market is segmented into plant-based milk, almond, coconut, olive oil, canola, palm fruit and others. Based on the application, the market is sub-segmented into the food and beverage industry, foodservice industry, and household. Further, on the basis of distribution channel, the market is sub-segmented into online distribution and offline distribution. The above mentioned segments can be customized as per the requirements. On the basis of application, the foodservice industry is experiencing major growth opportunities in the global plant based butter market. Vegan and vegetarian options are progressively claiming more space on restaurant menus over the years. This demand is majorly due to Increasing health awareness and search for healthy food among consumers. Hotels, restaurants, and food chains are using vegan butter in meals, soups, sausages, baked products, frozen and processed foods and as a result it is increasing the demand for vegan butter. For instance, in 2021, Urban Bar & Kitchen - UBK in Movenpick Hotel, has introduced two new dishes using plant-based Flora Plant. Flora Plant is an alternative to butter and cream created by a food company named Up field. The two new dishes are a vegan apple tart and vegan truffle pasta.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is anticipated to hold a considerable share in the global plant based butter market owing to rising health awareness and vegan population in this region. Butter has been a vital part of U.S. homes, particularly as a breakfast spreading for bread. The rise of vegan population and health awareness among the consumers has increased the intake of organic products including plant based butter in this region. According to a study conducted by Ipsos Retail Performance, between 2004 and 2019, there was a 30-fold increase in vegans in US from 290,000 in 2004 to almost 10 million in 2019.

The major companies serving the global plant based butter market include Califia Farms LP, Conagra Brands, Inc. (Earth Balance), Melt Organic - Prosperity Organic Foods, Inc., The Sneaky Chef Foods, LLC, Upfield Europe B.V. (Country Crock), and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2021, Food giant Upfield expanded its plant-based block butter alternative Flora Plant Butter with a new spreadable variant. Made from a mix of plant oils including sunflower, coconut and rapeseed oil, the spread is made with 100% natural ingredients and contains no artificial colors or flavors.

Research Methodology

The market study of the global plant based butter market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Plant Based Butter Market Research and Analysis by Source.

2. Global Plant Based Butter Market Research and Analysis by Application.

3. Global Plant Based Butter Market Research and Analysis by Distribution Channel.

The Report Covers:

Comprehensive Research Methodology of the global plant based butter market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global plant based butter market.
Insights about market determinants that are stimulating the global plant based butter market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026440

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Plant Based Butter Market
Recovery Scenario of Global Plant Based Butter Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
3.2. Califia Farms LP
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
3.3. Conagra Brands, Inc. (Earth Balance)
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
3.4. Melt Organic - Prosperity Organic Foods, Inc.
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
3.5. The Sneaky Chef Foods, LLC
- 3.5.1. Overview
- 3.5.2. Financial Analysis
- 3.5.3. SWOT Analysis
- 3.5.4. Recent Developments
3.6. Upfield Europe B.V. (Country Crock)
- 3.6.1. Overview
- 3.6.2. Financial Analysis
- 3.6.3. SWOT Analysis
- 3.6.4. Recent Developments
3.7. Key Strategy Analysis
3.8. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global Plant Based Butter Market by Source
- 4.1.1. Plant-based Milk
- 4.1.2. Almond
- 4.1.3. Coconut
- 4.1.4. Olive oil
- 4.1.5. Canola
- 4.1.6. Palm Fruit
- 4.1.7. Others
4.2. Global Plant Based Butter Market by Application
- 4.2.1. Food and Beverage Industry
- 4.2.2. Foodservice Industry
- 4.2.3. Household
4.3. Global Plant Based Butter Market by Distribution Channel
- 4.3.1. Offline Distribution
- 4.3.2. Online Distribution

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Betterthanorganic Pvt Ltd
6.2. Bubble Superfoods
6.3. Conagra Brands, Inc. (Smart Balance)
6.4. FITSHIT Health Solutions Pvt Ltd
6.5. Forager Project
6.6. Goodmylk
6.7. JEM Organics
6.8. Jus Amazin Food and Beverages Pvt. Ltd.
6.9. Kite Hill
6.10. Land O'Lakes, Inc.
6.11. Milkadamia
6.12. Miyoko's Kitchen
6.13. Nuts For Cheese
6.14. Nutiva Inc.
6.15. Om Sweet Home
6.16. Organic Love And Light
6.17. Tribe 9 Foods (Yumbutter)
6.18. Upfield Europe B.V. (I Can't Believe it's not Butter)
6.19. Upfield Europe B.V. (Pure Blends)
6.20. WayFare
6.21. wildbrine

Product Code: OMR2026440

LIST OF TABLES

1. GLOBAL PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
2. GLOBAL PLANT BASED BUTTER FROM PLANT-BASED MILK MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL PLANT BASED BUTTER FROM ALMOND MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL PLANT BASED BUTTER FROM COCONUT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL PLANT BASED BUTTER FROM OLIVE OIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL PLANT BASED BUTTER FROM CANOLA MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL PLANT BASED BUTTER FROM PALM FRUIT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL PLANT BASED BUTTER FROM OTHER SOURCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
10. GLOBAL PLANT BASED BUTTER FOR FOOD AND BEVERAGE INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL PLANT BASED BUTTER FOR FOOD SERVICE INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL PLANT BASED BUTTER FOR HOUSEHOLD MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
14. GLOBAL PLANT BASED BUTTER BY ONLINE DISTRIBUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL PLANT BASED BUTTER BY OFFLINE DISTRIBUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
19. NORTH AMERICAN PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
20. NORTH AMERICAN PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
21. EUROPEAN PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
23. EUROPEAN PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
24. EUROPEAN PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
29. REST OF THE WORLD PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
31. REST OF THE WORLD PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
32. REST OF THE WORLD PLANT BASED BUTTER MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)

LIST OF FIGURES

1. IMPACT OF COVID-19 ON GLOBAL PLANT BASED BUTTER MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL PLANT BASED BUTTER MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL PLANT BASED BUTTER MARKET, 2022-2028 (%)
4. GLOBAL PLANT BASED BUTTER MARKET SHARE BY SOURCE, 2021 VS 2028 (%)
5. GLOBAL PLANT BASED BUTTER FROM PLANT-BASED MILK MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL PLANT BASED BUTTER FROM ALMOND MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL PLANT BASED BUTTER FROM COCONUT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL PLANT BASED BUTTER FROM OLIVE OIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL PLANT BASED BUTTER FROM CANOLA MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL PLANT BASED BUTTER FROM PALM FRUIT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL PLANT BASED BUTTER FROM OTHER SOURCE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL PLANT BASED BUTTER MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
13. GLOBAL PLANT BASED BUTTER FOR FOOD AND BEVERAGE INDUSTRY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL PLANT BASED BUTTER FOR FOODSERVICE INDUSTRY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL PLANT BASED BUTTER FOR HOUSEHOLD MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL PLANT BASED BUTTER MARKET SHARE BY DISTRIBUTION CHANNEL, 2021 VS 2028 (%)
17. GLOBAL PLANT BASED BUTTER BY ONLINE DISTRIBUTION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL PLANT BASED BUTTER BY OFFLINE DISTRIBUTION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL PLANT BASED BUTTER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. US PLANT BASED BUTTER MARKET SIZE, 2021-2028 ($ MILLION)
21. CANADA PLANT BASED BUTTER MARKET SIZE, 2021-2028 ($ MILLION)
22. UK PLANT BASED BUTTER MARKET SIZE, 2021-2028 ($ MILLION)
23. FRANCE PLANT BASED BUTTER MARKET SIZE, 2021-2028 ($ MILLION)
24. GERMANY PLANT BASED BUTTER MARKET SIZE, 2021-2028 ($ MILLION)
25. ITALY PLANT BASED BUTTER MARKET SIZE, 2021-2028 ($ MILLION)
26. SPAIN PLANT BASED BUTTER MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF EUROPE PLANT BASED BUTTER MARKET SIZE, 2021-2028 ($ MILLION)
28. INDIA PLANT BASED BUTTER MARKET SIZE, 2021-2028 ($ MILLION)
29. CHINA PLANT BASED BUTTER MARKET SIZE, 2021-2028 ($ MILLION)
30. JAPAN PLANT BASED BUTTER MARKET SIZE, 2021-2028 ($ MILLION)
31. SOUTH KOREA PLANT BASED BUTTER MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF ASIA-PACIFIC PLANT BASED BUTTER MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD PLANT BASED BUTTER MARKET SIZE, 2021-2028 ($ MILLION)