Plant-Based Butter Market Size, Share, Analysis, Growth Insight, Trends and Future Forecast - 2031

Plant-based butter market is anticipated to grow at a CAGR of 6.2% during the forecast period (2024-2031). Plant-based butter is widely used in a wide variety of different industries. These include the food industry, packaged and processed foods, retail and household use, the health and wellness sector, industrial and institutional applications, and specialty products. It is widely used for baking, cooking, condiments, packaged foods, food service, retail, household, health and wellness sector, industrial and institutional applications, and specialty products. It is vegan, lactose intolerant, and dairy-free, hence therefore less damaging than butter from the dairy to the environment. The future trends in advanced flavor concepts include the use of functional ingredients that include probiotics, omega-3s, or antioxidants, singles, and ecological packaging.

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• In August 2024, Lurpak introduced a plant-based variant of its spreadable butter, containing equal quality and functionality as the dairy-based one used for spreading, cooking, and baking.

• In September 2024, Flora launched a Category First plant-based smoked garlic butter, which has a climate impact of 78% lower than dairy butter. It is vegan-friendly and allergen-free.

• In May 2023, Marine Food launched three new product lines: "Rich Plant-Based Butter" offers the richness of dairy butter but doesn't lose its taste when heated and is clean.

• In October 2023, Wesson introduced a plant-based butter marketed under the new canola and olive oil blend, targeting conscious health-oriented consumers who crave a clean alternative form of dairy.

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Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered- 

o             By Source

o             By Flavour

o             By Distribution Channel

• Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

• Competitive Landscape - Bunge Global SA, Flora Food Group, Conagra, Inc., and others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Plant-Based Butter Market Report Segment

By Source

• Soy
• Almonds
• Oats
• Coconut
• Others (Olive Oil, Cocoa Butter, and Pea Protein)

By Flavour

• Flavored
• Plain

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