The global plant based butter market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2022-2028). Increasing awareness regarding animal cruelty and its unfavorable environmental effect is expected to support industry growth as well as market growth over the forecast period. Major reason behind the increasing adoption of plant-based alternatives is social and environmental values that they offer. Organizations which work for animal rights and are aware of how animals are handled in the making of goods, have created a change in consumer preferences. This has created opportunities for clean label, organic plant-based butter alternatives in the market. Along with the awareness regarding animal cruelty there is also huge media exposure on the effects of dairy and meat product production on climate.
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Plant-based spreads have a lower impact than dairy butter in terms of climate, water, and land usage. According to University of California, shifting away from animal-based foods add up to 49% to the global food supply without expanding croplands and also significantly reduce carbon emissions and waste by products that end up in the oceans. This has led the manufacturers in the industry to create more sustainable foods, without sacrificing taste. For instance, in 2021, Upfield introduced Flora Plant-Based Bricks as an alternative to dairy butter. The company claims that the butter is made with sustainably-sourced plant oils and is wrapped in plastic-free, paper packaging. Flora Plant-Based Bricks are an ideal vegan choice for consumers looking to reduce their imprint on planet by choosing foods produced with sustainably-sourced ingredients without sacrificing great taste.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Plant Based Butter Market Report Segment
By Source
- Plant-based Milk
- Almond
- Coconut
- Olive oil
- Canola
- Palm Fruit
- Others
By Application
- Food and Beverage Industry
- Foodservice Industry
- Household
By Distribution Channel
- Online Distribution
- Offline Distribution
Global Plant Based Butter Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global plant based butter market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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