Dublin, Jan. 22, 2025 (GLOBE NEWSWIRE) -- The "Plant-Based Butter Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" report has been added to ResearchAndMarkets.com's offering.
The Plant-Based Butter Market was valued at USD 2.62 Billion in 2024, and is expected to reach USD 4.01 Billion by 2030, rising at a CAGR of 5.87%.
The Plant-Based Butter market is driven by the increasing adoption of vegan, dairy-free, and plant-based diets. Consumers are becoming more health-conscious and are seeking alternatives to traditional dairy products due to concerns about lactose intolerance, cholesterol levels, and environmental sustainability.
Plant-based butter, often made from ingredients like coconut oil, olive oil, and nuts, provides a healthier and cruelty-free alternative to butter. Also, the rising awareness of the environmental impact of dairy farming, coupled with the popularity of vegan and flexitarian lifestyles, is fueling demand for plant-based butter as a more sustainable, ethical option. This shift is driving market growth.
Key Market Trends
Rising Popularity of Eco-Friendly Packaging
The rising popularity of eco-friendly packaging is a significant trend in the plant-based butter market. As environmental awareness grows, consumers are increasingly seeking products that align with their sustainability values. Manufacturers are responding by using recyclable, biodegradable, and minimalistic packaging materials to reduce their environmental impact.
This trend is particularly evident in the plant-based butter sector, where brands are moving away from traditional plastic containers in favor of more sustainable options, such as glass jars, aluminum, or compostable wrappers. Eco-friendly packaging not only appeals to environmentally conscious consumers but also enhances a brand's reputation as a responsible and ethical company. As demand for plant-based butter continues to rise, this trend towards sustainable packaging is likely to become even more pronounced, contributing to the market's long-term growth.
Increased Usage of Plant-Based Butter in Restaurants and Food Service
The increased usage of plant-based butter in restaurants and food service is a growing trend, driven by the rising demand for vegan and plant-based options. As more consumers adopt plant-based diets, restaurants, cafes, and catering services are incorporating plant-based butter into their menus to accommodate dietary preferences and provide inclusive meal choices. This trend is especially noticeable in urban areas and high-demand foodservice establishments that focus on health-conscious and sustainable offerings.
Increased Focus on Clean Labelling
Increased focus on clean labeling is a significant trend in the plant-based butter market. Consumers are becoming more health-conscious and ingredient-savvy, seeking products with minimal, recognizable, and natural ingredients. As a part of this, according to a recent study, as of June 2024, eighty-one percent of shoppers believed and stated that it is vital to buy clean-label food goods. As a result, brands are shifting towards clean labels that highlight transparency, removing artificial additives, preservatives, and unnecessary chemicals. Plant-based butter brands are emphasizing simple, whole-food ingredients like coconut oil, almond, avocado, and olive oil. This trend appeals to health-focused consumers who prefer products with fewer processed ingredients and those free from artificial flavourings or colourings.
Distribution Channel Insights
The Supermarket & Hypermarket channel dominated the global Plant-Based Butter market due to their widespread accessibility and ability to offer a diverse range of products. These retail formats serve as convenient, one-stop locations for consumers, making them the preferred shopping destinations for plant-based alternatives. Supermarkets and hypermarkets have embraced the growing demand for plant-based products by expanding their offerings, often featuring plant-based butter in dedicated sections for vegan and dairy-free foods.
Regional Insights
North America dominated the global Plant-Based Butter market, driven by the increasing adoption of plant-based and vegan diets. In regions like the U.S. and Canada, health-conscious consumers and those with lactose intolerance are increasingly turning to dairy-free alternatives, boosting demand for plant-based butter. The rise of veganism, along with concerns about sustainability and animal welfare, has further accelerated the shift towards plant-based products.
Key Market Players
- Flora Food Group
- Miyoko's Creamery
- Conagra Brands
- Farmoganic Health And Beauty
- Jindilli Beverages, LLC (Milkadamia)
- Naturli' Foods
- Krishana Enterprises
- Olam Group
- Country Farm Foods
- DFS Gourmet Specialities, Inc. (Better Butter)
Key Attributes:
Report Attribute | Details |
No. of Pages | 182 |
Forecast Period | 2024 - 2030 |
Estimated Market Value (USD) in 2024 | $2.62 Billion |
Forecasted Market Value (USD) by 2030 | $4.01 Billion |
Compound Annual Growth Rate | 5.8% |
Regions Covered | Global |
Report Scope:
In this report, the Global Plant-Based Butter Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Plant-Based Butter Market, By Source:
- Almond
- Oat
- Soy
- Coconut
- Others
Plant-Based Butter Market, By Nature:
- Organic
- Regular
Plant-Based Butter Market, By Distribution Channel:
- Supermarket & Hypermarket
- Convenience Store
- Specialty Stores
- Online
- Others
Plant-Based Butter Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- South America
- Argentina
- Colombia
- Brazil
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
For more information about this report visit https://www.researchandmarkets.com/r/h5czjr
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