Vegan butter is consumed as a dairy-free alternative to regular butter, which is most commonly made from cow milk, but it is also prepared from yak, sheep, goat, or buffalo milk. Vegan butter is made from plant-based milk, and it has a very similar texture and flavor to butter made from animal milk. Vegan butter comes in many forms, such as tubs, sticks, whipped, soy-free, olive oil-based, coconut-based, and even flavored with garlic and herbs.
MARKET DYNAMICS
The vegan butter market has witnessed significant growth owing to factors such as rising vegan populartion in developed countries and increasing health consciousness among the consumers. Moreover, growing concerns about animal cruelty and its adverse environmental impact provide huge market opportunities for the key players in the market. However, fluctuation in the prices of raw materials and erratic supply of raw materials is projected to hamper the overall growth of the vegan butter market.
MARKET SCOPE
The "Global Vegan Butter Market Analysis to 2028? is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the vegan butter market with detailed market segmentation by type, packaging type, distribution channel distribution channel and geography. The global vegan butter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading vegan butter market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global vegan butter market is segmented on the basis of type, packaging type and distribution channel. On the basis of type, the vegan butter market is segmented into vegetable butter, nut butter, and others. Based on packaging type the market is segmented into tubs/cups, jars/bottles, and others. On the basis of distribution channel, the vegan butter market is segmented into supermarkets and hypermarkets, convenience store, online, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global vegan butter market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The vegan butter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the vegan butter market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the vegan butter market in these regions.
MARKET PLAYERS
The reports cover key developments in the vegan butter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from vegan butter market are anticipated to lucrative growth opportunities in the future with the rising demand for vegan butter in the global market. Below mentioned is the list of few companies engaged in the vegan butter market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vegan butter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Conagra Brands, Inc.
- I Can't Believe It's Not Butter
- Miyoko's
- Naturli Foods A/S
- Nuteva
- Prosperity Organic Foods, Inc.
- SunButter LLC
- SunOpta
- TREEHOUSE ALMONDS
- WayFare Foods
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.