The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing health and wellness consciousness is likely to promote innovation in plant-based butter manufacturing, propelling the market over the forecast period.

The global plant-based butter market is expected to grow from $2.42 billion in 2022 to $2.58 billion in 2023 at a compound annual growth rate (CAGR) of 6.25%. The global plant-based butter market size is expected to reach $3.33 billion in 2027 at a CAGR of 6.66%.

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Global Plant-Based Butter Market Segments Include:

• By Nature: Organic, Conventional
• By Source: Nuts, Avocados, Coconut, Olive Oil, Canola, Palm Fruit, Other Sources
• By Application: Food And Beverage Industry, Food Service Industry, Households
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global plant-based butter market in 2021.

Major Market Players in the plant-based butter market include Conagra Brands, Inc., Upfield Holdings B.V, Pure Blends, Nutiva Inc., Jem Organics, Yumbutter, Ellyndale, Melt Organic, ForA Foods, Miyoko’s Creamery, Prosperity Organic Food Inc.

In the plant-based butter industry, new product introductions have emerged as a prominent trend. To increase their market position, major food and dairy firms are focusing on inventing new innovative products. For example, in December 2020, Mooala, a major manufacturer of premium, organic, dairy-free beverages based in the United States, debuted a new organic plant-based Keto Mylk in four flavours: original, vanilla creme, cinnamon roll, and chocolate chip. The brand, well known for its plant-based Bananamilk, adds a new keto-certified and carb-conscious alternative to its organic plant-based beverage range, with less than 1g net carbs, 0g sugar, and 5g MCTs per serving. It is the first dairy-alternative milk specifically intended for keto customers.

The Plant-Based Butter Global Market Report 2023  provides a plant-based butter market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The plant-based butter market forecast analyzes plant-based butter market size, plant-based butter market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Plant-based butter, often known as vegan butter, is a dairy-free butter substitute created by blending water with a plant-derived oil, such as olive oil, avocado oil, coconut oil, palm kernel oil, or a mixture of oils. Plant-based butter is an easy vegan option for toast and cooking. They can also serve as an excellent substitute for butter for those who are lactose intolerant or allergic to dairy.

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