Global Butter Replacers Market: Industry Analysis and Forecast (2020-2026)
Author : Manisha Kashid | Published On : 23 Jul 2021
Global Butter Replacers Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ XX Mn.
The global Butter Replacers market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Butter Replacers market report also provides trends by market segments, technology, and investment with a competitive landscape.
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Global Butter Replacers Market Overview
Butter is one of the most popular food ingredients in the world and is used food and bakery sector extensively. They come in various Origins, sizes, and weight. But due to their high calories and fat contain the use of butter has gone down. Butter replacers are those food additive products that act as butter or a substitute for butter. Butter helps in keeping the moisture, flavor, state, and taste of baked goods. Without butter food product will not be stable and precise with time the demand for butter substitutes has grown due to increased health consciousness among people
Butter substitutes are the same as butter but low in fat and cholesterol which has led upsurge in their demand. The most common butter replacement in the market is Greek yogurt, margarine, avocadoes, vegetable oil, olive oil, and as per the reports olive oil is considered to be the best butter replacement they are beneficial for people suffering from heart disease and diabetes.
Global Butter Replacers Market Dynamics
An increase in the awareness among people about chronic heal problems such as obesity, heart disease, high/low BP has driven the market growth of butter replacers in the long term. As regular butter contains high saturated fat, calorie, cholesterol which affect the geriatric population most, Due to which butter replacers are in huge demand. According to available data around 422 million people are suffering from diabetes and approximately 1.5 million people die annually and both numbers are increasing decade by decade. This has led to the high consumption of less fatty butter and ingredients.
Increased investment in research and development for the production of new and innovative butter substitutes in developing and developed nations has increased the growth of the market. Continuous demand of healthy butter substitute from health-conscious and old age people have fueled the innovative techniques of market key players. Furthermore, demand for clean label food and ingredients due to an increase in the income level and rising living standards have fueled the market growth of butter replacers.
However, various factors upon consuming certain butter substitutes such as increased cholesterol increased problem of heart disease, and High-Density lipoprotein (HDP) combined with fact that FDA allows substitutes product with trans-fat of 0.5 grams per serving to be considered as 0. It Means trans-fat is there even while consuming a butter replacement. Which may hinder the butter replacers’ market growth.
Global Butter Replacers Market Segment Analysis
Global Butter Replacers MarketBased on origin, the butter replacer market is segmented into Plant-based butter and animal-based butter. The segment of plant-based butter has dominated the market due to consumers increasing demand for healthy and better alternatives of dairy-based butter without compromising with the taste. Plant-based butter also termed vegan butter has 0 trans-fat and a low level of saturated fat as compared to animal-based butter and margarine, plant-based butter is healthy not only for humans but for the environment and animals as well and is made combining water with vegetable oil. Plant-based butter has several health benefits such as the reduced risk of obesity and heart disease. As they are free of animal products
Based on type, the market is segmented into vegetable oil, olive oil, coconut oil, margarine, Greek yogurt, and others of which the segment of olive oil has dominated the market. Olive oil possesses the same characteristics as butter having no dietary cholesterol, olive oil contains monounsaturated fat which is healthier than the fat found in butter. According to reports, olive oil can reduce the risk of cardiovascular disease. It can also be used as a spread for food. The segment of Greek yogurt is also growing and is common in the Indian subcontinent as a butter replacer s it can provide tangy and rich flavor for baked goods
Based on end-use the market is segmented into the food industry, bakery and confectionery products, salads and dressings, and others. Of which the segment of the food industry has dominated the market. With increased knowledge of the health benefits of using butter alternatives, it has driven the market demand for butter replacers. The most commonly used alternatives are olive oil, coconut oil, and Greek yogurt and they have less fat and cholesterol level. Consumer demand for low-calorie and fat-free baked goods has driven the segment's market growth.
Global Butter Replacers Market Regional Insights:
North America and Asia pacific dominated the market for butter replacers, due to increased demand for healthy food, rise in the level of income, and increasing investment in research and development. These regions have the most people consuming butter alternatives daily because of butter's health benefits a minimization of risk regarding heart and diabetes. Olive oil, Greek yogurt, and coconut are used extensively in North America s substitutes. In the Asia Pacific, cocoa butter is in growing demand due to its health benefits to such as skin smoothening and rich source of vitamin E.
South America and Europe have also witnessed an upsurge in the butter replacers market due to the increase in the use of plant-based butter. Rapid industrial development and the presence of major key players are fueling the market growth. Shifting consumer preference for unsaturated and high-protein food increased the use of butter alternatives. Ireland Spain, Germany, Italy are the major contributor to the growth of the European market in the region. In South America, butter substitutes are spreading their rich through knowledge and health benefits. Brazil is contributing majorly to the region's market growth.
The Middle East and Africa have shown slow signs of growth rates due to less prevalence of butter substitutes in the region. Although the shift of key players in the region due to the aim of targeting untapped market and increase in urbanization and infrastructural development. As the Middle East and Africa is the second largest continent in the world contributing more the having 20% of the global population the region is expected to grow.
The objective of the report is to present a comprehensive analysis of the Global Butter Replacers market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Butter Replacers Market dynamics, structure by analyzing the market segments and project the Global Butter Replacers Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Butter Replacers Market make the report investor’s guide.
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Global Butter Replacers Market Scope: Inquire before buying
Global Butter Replacers Market
Global Butter Replacers Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Butter Replacers Market Key Players
• Dairy Farmers of America
• Arla Foods
• Yili Group
• Meiji Holdings
• Arla Foods
• Dean Foods
• Dairy Farmers of America
• Schreiber Foods
• Savencia Fromage & Dairy
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