Comparative View of the Vegan Butter Market By the end of 2033, the market is estimated to account for US$ 4,784.7 million. Going forward, the vegan butter industry is expected to register a CAGR of 5% in the forthcoming years. In turn, it is projected to show significant growth opportunities in the upcoming period.īased on application, the bakery segment is projected to reflect a favorable growth outlook in terms of revenue in the vegan butter market. As per the study, vegan butter is carving out a niche segment steadily in the plant-based industry. The preference for vegan butter is increasing as only plant-based alternative sources and high-quality ingredients offer better quality. The growing trend of veganism is pushing the need for vegan alternatives, such as vegan or plant-based butter, in the dairy industry. Vegan butter demand grew at 2.3% CAGR between 20, as per Future Market Insights (FMI). Labeling the products with these certifications elevates the product’s market value and presence.Ĭustomize your report by selecting specific countries or regions and save 30%! Specify Scope NowĢ018 to 2022 Vegan Butter Market Outlook Compared to 2023 to 2033 Forecast This is creating a significant opportunity for vegan butter manufacturers. Plant-based products are labeled as ‘plant-based’, ‘organic’, ‘non-GMO’, etc. Manufacturers are Leveraging the Trending Labels like ‘Plant-based’ and ‘Organic’ They also inform them about the adverse effects of animal-based products on animals and the environment with the use of animal-based products.
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