Plant-based Butter Market (2025-2032)
to 2032 to reach $2.08 billion by 2032.
- Published
- Jan 2025
- Pages
- 200
- Format
- PDF + Excel
- Report ID
- MRFB - 104952
- 2032 · FORECAST
- $2.08B
- 2032
- $2.08B
- CAGR 2025–2032
- —
2024 baseline · 2025–2032 forecast · hover a bar for the value
Key highlights
In 2025, the Salted Butter Segment to Dominate the Plant-based Butter Market
In 2025, the Peanut Segment to Dominate the Plant-based Butter Market
The Online Retail Segment is Slated to Register the Highest CAGR During the Forecast Period
Aia-Pacific: The Dominating Regional Market
Report summary
| Particulars | Details |
|---|---|
| Estimated Year | 2025 |
| Forecast Period | 2025–2032 |
| Market Size (2032) | USD 2.08 billion |
| Format | PDF, Excel & Cloud Portal · 200 pages |
| Segments Covered | By Type: Salted Butter, Unsalted Butter · By Source: Peanut, Almond, Cashew, Soy, Coconut, Others · By Distribution Channel: Supermarkets and Hypermarkets, Online Retail, Convenience Stores, Specialty Stores, Other Distribution Channels |
| Countries Covered | Asia-Pacific (RoAPAC), Latin America (RoLATAM) |
| Key Companies | Valio Ltd, Olivio Premium Products Corp., MONTYS NYC LLC |
Report overview
Segments covered: type, source, distribution channel. Regions: Asia-Pacific, Latin America.
Plant-based butter has gained popularity due to the growing population shift towards vegan or plant-based products, looking for alternatives to conventional products. The growth of the plant-based butter market is mainly attributed to the increasing vegan population, rising awareness about plant-based butter, and growing health concerns due to the consumption of dairy butter. Furthermore, technological advancements in the processing of plant-based butter is expected to create market growth opportunities. However, high prices of plant-based butter is expected to hinder the growth of this market to some extent.
Report infographic
Market dynamics
5 factors across 1 forceAccording to Plant Protein’s sources,
6% of U.S. consumers were vegan in 2021, a six-times increase compared to 1% in 2014.
According to the European Vegetarian Union,
around 10% of people in Europe were vegetarians, and 3% were vegan in 2021.
According to the study by Veganz,
a German vegan supermarket (August 2021), the number of vegans in Germany has doubled since 2016 to 2.6 million people in 2021.
In 2021, 2% and 5% of the population in Australia were vegan and vegetarian,
respectively (Source: Food Frontier).
According to the Korean Vegetarian Union,
about 1.5 million people in South Korea followed some plant-based diet and 500,000 vegan diets in 2020, an increase from 0.15 million vegetarians in 2008.
Table of contents
11 chapters · 106 sections · 200 pages · click to expandSegmental analysis
| Segment | Largest share (2025) | Fastest growth (2025–2032) |
|---|---|---|
| By Type | Salted Butter | — |
| By Source | Peanut | — |
| By Distribution Channel | — | Online retail |
By Type
- The Salted Butter Segment to Dominate the Plant-based Butter Market
- The salted butter segment is expected to account for the larger share of the global plant-based butter market.
- The large market share of this segment is attributed to the beneficial properties of salted butter, including flavor enhancement and natural preservatives.
- Also, the low risk of nutrient degradation and spoilage, high shelf life, and economical as compared to unsalted butter further support the growth of this segment.
By Source
- The Peanut Segment to Dominate the Plant-based Butter Market
- The peanut segment is expected to account for the largest share of the global plant-based butter market.
- The large market share of this segment is attributed to its easy and high availability, low cost, high consumer acceptance, and high nutritional content.
By Distribution Channel
- The Online Retail Segment is Slated to Register the Highest CAGR During the Forecast Period
- The online retail segment is expected to register the highest CAGR during the forecast period.
- The growth of this segment is driven by factors such as the wide variety of options available at discounted rates compared to traditional retail stores and the convenience provided by online channels, such as doorstep delivery.
Geographic analysis
Asia-Pacific
Largest shareIn 2025, Asia-Pacific is expected to account for the largest share of the plant-based butter market. The large market share of this region is attributed to the growing awareness of the consumption of a healthy diet, increasing urbanization and growing income level, rising indulgence of the large population base in the region in sports & recreational activities, and growing vegan population. However, the Asia-Pacific region is also slated to register the highest CAGR during the forecast period.
Competitive landscape
- Valio Ltd
- Olivio Premium Products Corp.
- MONTYS NYC LLC
Frequently asked questions
The plant-based butter market is projected to reach $2.08 billion by 2032, at a CAGR of 10.8% from 2025 to 2032.
Cite this report
Meticulous Research. (2025). Plant-based Butter Market - Global Opportunity Analysis And Industry Forecast (2025-2032) (Report No. MRFB - 104952). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/plant-based-butter-market-5635