The new report by Informes de Expertos titled, ‘Latin America Vegan Butter Market 2023-2028 ’, offers an in-depth survey of the factors positively shaping the market outlook and examines the aspects based on nature, source, distribution channel, and key regions. The report further analyses the limitations and rivalry posed in the market, based on Porter’s Five Forces models, along with SWOT analysis. Furthermore, the market is observed in terms of latest and future trends and their impact on the algorithm. The study is responsible for the in-depth research, encompassing the price indicators and market players, by demonstrating the impacts on market dynamics and landscape.
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Los aspectos más destacados del informe son:
Visión General del Mercado (2018-2028)
• CAGR del Periodo de Pronóstico (2023-2028): 5,48%
En América Latina, la demanda de mantequilla vegana aumenta a medida que más personas tienen conciencia de los beneficios de la salud de una dieta basada en plantas. Tanto en América Latina como en el resto del mundo, la demanda de productos de origen vegetal es cada vez mayor. La mantequilla vegana está ganando popularidad a medida que más gente busca alternativas a los productos lácteos convencionales. En América Latina, está aumentando el número de personas que llevan un estilo de vida vegetariano o vegano, lo que impulsa la demanda de mantequilla vegana y otros productos de origen vegetal. A su vez, el mercado ganó el valor de USD 210 millones en 2021.
Nuevas empresas se están incorporando al mercado y ampliando sus opciones de productos en América Latina a medida que aumenta la demanda de mantequilla vegana. Como resultado, hay una mayor competencia y la mantequilla vegana es más fácil de encontrar para los consumidores. A través de diversos programas y normativas, los gobiernos de América Latina están fomentando las dietas basadas en plantas e impulsando la expansión de la industria de la mantequilla vegana. Además, el sector alimentario está financiando la creación de productos vegetales frescos, como la mantequilla vegana.
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Industry Definition and Major Segments
Vegan butter is a plant-based alternative to traditional dairy butter, made from ingredients such as oils, plant-based milks, and emulsifiers. It is designed to mimic the taste, texture, and functionality of dairy butter, but without the use of any animal products. Vegan butter is typically made from ingredients such as coconut, palm , canola, or soybean oil.
Based on the nature, the market is bifurcated into:
• Organic
• Conventional
On the basis of source of the product, the industry can be segmented into:
• Nuts
• Avocados
• Coconut
• Olive oil
• Canola
• Palm fruit
• Others
By distribution channel, the market is widely classified into:
• Hypermarkets / Supermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others
Key regions covered include:
• Brazil
• Argentina
• Mexico
• Chile
• Others
Market Trends
Nowadays, businesses are continuously coming up with new and better vegan butter products that more closely resemble the flavour, texture, and capabilities of conventional dairy butter. As a result, consumers now have more options, which is fuelling the market’s expansion. Moreover, online purchases of vegan butter and other plant-based goods have become simpler for consumers because to the expansion of e-commerce in Latin America. This has improved accessibility and convenience, which has helped the market expand.
Businesses in the vegan butter industry are emphasising sustainability more than ever, employing eco-friendly packaging materials and obtaining ingredients from sustainable sources. There is a rising demand for premium vegan butter products with a gourmet taste that are manufactured from high-quality ingredients as customers become wealthier and more health conscious. The demand for vegan butter and other related products is being driven by a growing understanding of plant-based foods and their advantages across Latin America.
Key Market Players
The major players in the market are:
• Conagra Brands, Inc.
• Upfield Holdings B.V.
• Nutiva Inc.
• Prosperity Organic Foods, Inc.
• Miyoko’s Creamery
• Others
This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.
About Us
Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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