A recent report was published by Reports and Insights which provides extremely crucial and in-depth knowledge about the title “Plant-Based Spreads Market: Opportunity Analysis and Future Assessment 2022-2030” this report enlightens the readers about the current market dynamics of the market, its opportunities and challenges along with its future in the coming years. A synopsis of the market size and in-depth comprehension of the facts directed most meticulously and thoroughly for the development of the relevant market. Moreover, to make it more valuable for the readers, there is an extensive conceptual framework along with accurate information and some interesting graphical representation. The report further also aims to fulfil the essence of quantitative and qualitative synopsis which reflects upon the conceptual framework and pragmatic methodology of the market.
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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.
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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.
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