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Plant-Based Spreads Market Overview

The report is titled as ‘Plant-Based Spreads Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Plant-Based Spreads market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

Plant-Based Spreads Introduction

The idea of veganism is on the surge these days. It is interesting to note that the number of people following a vegan lifestyle in the UK has quadrupled to 600,000 in between the period of 2014 and 2019. As a result, the variety of food products available for the people following vegan lifestyle has also ascended and is enduring to surge, with the UK introducing more and more vegan products than any other country in the year 2018. Cheese alternatives, vegan spreads, chocolate, sweets, and plant-based sausages, burgers, meatballs, and so forth, the product catalog of vegan food items is increasing longer at a regular pace. Owing to such factors, the plant-based spreads are estimated to witness greater opportunities in the following years.

Notably, vegan spreads, viz. butter substitutes are formed except the conventional dairy butter that developed from fresh milk or cream. On the contrary, an identical approach is pursued, but coconut, vegetable, or sunflower oils are utilized rather than the animal-based milk fat. On an intriguing note, more or less any kind of plant-based oil can be developed into the form of spread. This includes avocado, olive, and almond oil. Attributing to such factors, the global plant-based spreads market is estimated to witness substantial growth in the coming years.

Plant-Based Spreads Market Segmentation

The plant-based spreads market is segmented on the basis of type, source, distribution channel, and region.

By Type

Lard

Margarine

Nut Butters

Legume-based spreads

Veggie Pâtés

Pestos

Guacamole

Hummus

Vegan Cream Cheese

Vegan Herring Salad

Jam

Others

By Source

Pulses

Vegetable Oils

Nuts

Seeds

Grains

By Distribution Channel

Hypermarket and Supermarket

Convenience Store

Specialty Store

Online Channel

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Plant-Based Spreads Market Key Players

Some of the key participating players in plant-based spreads market are:

Follow Your Heart

DAIYA FOODS INC.

Meridian Group.

Amy's Kitchen, Inc.

B&G Foods, Inc.

Litehouse, Inc.

Red Duck Foods, Inc.

Majestic Garlic

Bear Pond Farm

KENSINGTON & SONS

KATE HILL

WayFare Health Foods

Good Foods Group, LLC

Galaxy Nutitional Foods, Inc.

Frito-Lay North America, Inc.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product developments and launches

Global Food Industry Outlook

Plants based products Growth Outlook

Top Companies Historical Growth Rate

Pricing Impact

Impact of Regulations

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.

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