Plant-Based Margarines Market by Type (All-Purpose, Butter Blend, Spreadable), Form (Hard, Liquid, Soft), Ingredients, Application, Distribution Channel - Global Forecast 2024-2030


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Plant-Based Margarines Market by Type (All-Purpose, Butter Blend, Spreadable), Form (Hard, Liquid, Soft), Ingredients, Application, Distribution Channel - Global Forecast 2024-2030


The Plant-Based Margarines Market size was estimated at USD 3.56 billion in 2023 and expected to reach USD 3.73 billion in 2024, at a CAGR 4.92% to reach USD 4.98 billion by 2030.

Global Plant-Based Margarines Market

Plant-based margarines are a spread or butter substitute made entirely from plant-derived ingredients. Unlike traditional margarines that may contain a combination of vegetable oils and animal fats, plant-based margarines are designed to be vegan and are produced exclusively from plant sources. These margarines aim to provide a dairy-free alternative for people on vegetarian or vegan diets and people with lactose intolerance or further dairy-related allergies. The rising vegan population, increased awareness of lactose intolerance and other dairy-related health concerns, environmental considerations, and product taste and quality advancements. Additionally, strategic marketing campaigns have led to improved consumer perceptions and acceptance. Factors hampering growth include competition from other dairy alternatives, fluctuations in raw material prices, and the possible perception of plant-based margarine as a processed food. Product innovation includes developing functional margarine expansion of distribution channels, especially online retail, and tapping into emerging markets, which are potential growth areas.

Regional Insights

In the Americas, health consciousness and the prevalence of lactose intolerance have significantly driven the demand for plant-based margarine. Customers are adopting vegetarian and vegan diets, contributing to the robust growth of this market segment. Both countries' regulatory environments accommodate new product entries, and leading manufacturers are continually innovating to cater to consumer preferences for taste, texture, and spreadability. The APAC region is emerging as an effective player in the plant-based margarine market, with rising health awareness amongst the middle class spurring the growth of plant-based diets. The aging population is turning to healthier alternatives such as plant-based margarine. Additionally, innovations in plant-based spreads are rising, ensuring compatibility with local tastes and preferences. In the EU, the demand for plant-based margarine is bolstered by a well-established consumer base that values sustainability and animal welfare. The highly regulated European market focuses on health claims and ingredient transparency. Consumer awareness about the environmental impact of dairy production has led to greater acceptance of plant-based alternatives. The Middle East and African markets offer significant growth potential for plant-based margarine due to the increasing prevalence of lactose intolerance and a growing expatriate population seeking vegan and vegetarian options.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Plant-Based Margarines Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Plant-Based Margarines Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Plant-Based Margarines Market, highlighting leading vendors and their innovative profiles. These include AAK AB, Adeka Corporation, Archer-Daniels-Midland Company, Aveno NV, Bunge Global SA, Conagra Brands, Inc., Currimjee Group, FUJI OIL CO., LTD., IPSA spa, Kaneka Corporation, KTC Edibles, Land O’Lakes, Inc., Margarine Thibault, Puratos Group, Richardson International Limited, Rogério Leal, SA, Royal Zeelandia Group BV, Seprod Limited, Sime Darby Plantation Berhad, Unilever plc, Upfield B.V., Vandemoortele NV, Ventura Foods, LLC, Wilmar International Ltd, and Zer Group.

Market Segmentation & Coverage

This research report categorizes the Plant-Based Margarines Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
All-Purpose
Butter Blend
Spreadable
Form
Hard
Liquid
Soft
Ingredients
Colors
Emulsifiers
Flavors
Preservatives
Vegetable Oils
Corn
Cottonseed
Safflower
Soy
Sunflower
Application
Bakery
Confectionery
Convenience Food
Spreads, Sauces, & Toppings
Distribution Channel
Convenience Store
e-Retailers
Specialty Store
Supermarket & Hypermarket
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Plant-Based Margarines Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Plant-Based Margarines Market?
3. What are the technology trends and regulatory frameworks in the Plant-Based Margarines Market?
4. What is the market share of the leading vendors in the Plant-Based Margarines Market?
5. Which modes and strategic moves are suitable for entering the Plant-Based Margarines Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Plant-Based Margarines Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Surge in the use of plant-based margarine as a substitute for butter in food processing sector
5.1.1.2. Rising preference for plant-based margarine among vegan population
5.1.1.3. Increased awareness toward lactose intolerance and various dairy-related health concerns
5.1.2. Restraints
5.1.2.1. Fluctuations in raw material prices along with regulatory challenges
5.1.3. Opportunities
5.1.3.1. Emergence of plant-based functional margarine with added health benefits
5.1.3.2. Ongoing advancements in packaging and processing of plant-based margarine
5.1.4. Challenges
5.1.4.1. Availability of substitute products
5.2. Market Segmentation Analysis
5.2.1. Type: Growing consumer preference for spreadable plant-based margarines
5.2.2. Ingredients: Corn oil has a more neutral flavor and suitable for both cooking and spreading
5.2.3. Application: Significant utilization of plant-based margarines in convenience food
5.2.4. Distribution Channel: Potential adoption of supermarket & hypermarket distribution channel
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Plant-Based Margarines Market, by Type
6.1. Introduction
6.2. All-Purpose
6.3. Butter Blend
6.4. Spreadable
7. Plant-Based Margarines Market, by Form
7.1. Introduction
7.2. Hard
7.3. Liquid
7.4. Soft
8. Plant-Based Margarines Market, by Ingredients
8.1. Introduction
8.2. Colors
8.3. Emulsifiers
8.4. Flavors
8.5. Preservatives
8.6. Vegetable Oils
8.7.1. Corn
8.7.2. Cottonseed
8.7.3. Safflower
8.7.4. Soy
8.7.5. Sunflower
9. Plant-Based Margarines Market, by Application
9.1. Introduction
9.2. Bakery
9.3. Confectionery
9.4. Convenience Food
9.5. Spreads, Sauces, & Toppings
10. Plant-Based Margarines Market, by Distribution Channel
10.1. Introduction
10.2. Convenience Store
10.3. e-Retailers
10.4. Specialty Store
10.5. Supermarket & Hypermarket
11. Americas Plant-Based Margarines Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Plant-Based Margarines Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Plant-Based Margarines Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
14.3.1. Merger & Acquisition
14.3.1.1. AAK Foodservice Acquires Plant-Based Butter Brand ForA:Butter
14.3.2. New Product Launch & Enhancement
14.3.2.1. Flora Revamps Range of Spreads in Plant-Based Theme
14.3.3. Award, Recognition, & Expansion
14.3.3.1. Palsgaard Starts Major Expansion of Netherlands Factory to Double PGPR Production
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. AAK AB
15.1.2. Adeka Corporation
15.1.3. Archer-Daniels-Midland Company
15.1.4. Aveno NV
15.1.5. Bunge Global SA
15.1.6. Conagra Brands, Inc.
15.1.7. Currimjee Group
15.1.8. FUJI OIL CO., LTD.
15.1.9. IPSA spa
15.1.10. Kaneka Corporation
15.1.11. KTC Edibles
15.1.12. Land O’Lakes, Inc.
15.1.13. Margarine Thibault
15.1.14. Puratos Group
15.1.15. Richardson International Limited
15.1.16. Rogério Leal, SA
15.1.17. Royal Zeelandia Group BV
15.1.18. Seprod Limited
15.1.19. Sime Darby Plantation Berhad
15.1.20. Unilever plc
15.1.21. Upfield B.V.
15.1.22. Vandemoortele NV
15.1.23. Ventura Foods, LLC
15.1.24. Wilmar International Ltd
15.1.25. Zer Group
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
FIGURE 1. PLANT-BASED MARGARINES MARKET RESEARCH PROCESS
FIGURE 2. PLANT-BASED MARGARINES MARKET SIZE, 2023 VS 2030
FIGURE 3. PLANT-BASED MARGARINES MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. PLANT-BASED MARGARINES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. PLANT-BASED MARGARINES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. PLANT-BASED MARGARINES MARKET DYNAMICS
FIGURE 7. PLANT-BASED MARGARINES MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. PLANT-BASED MARGARINES MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. PLANT-BASED MARGARINES MARKET SIZE, BY FORM, 2023 VS 2030 (%)
FIGURE 10. PLANT-BASED MARGARINES MARKET SIZE, BY FORM, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. PLANT-BASED MARGARINES MARKET SIZE, BY INGREDIENTS, 2023 VS 2030 (%)
FIGURE 12. PLANT-BASED MARGARINES MARKET SIZE, BY INGREDIENTS, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. PLANT-BASED MARGARINES MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 14. PLANT-BASED MARGARINES MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. PLANT-BASED MARGARINES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2023 VS 2030 (%)
FIGURE 16. PLANT-BASED MARGARINES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS PLANT-BASED MARGARINES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS PLANT-BASED MARGARINES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES PLANT-BASED MARGARINES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES PLANT-BASED MARGARINES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC PLANT-BASED MARGARINES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC PLANT-BASED MARGARINES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA PLANT-BASED MARGARINES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA PLANT-BASED MARGARINES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. PLANT-BASED MARGARINES MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 26. PLANT-BASED MARGARINES MARKET SHARE, BY KEY PLAYER, 2023

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