Plant-based Spreads Market Size is valued at USD 486.82 Mn in 2024 and is predicted to reach USD 843.18 Mn by the year 2034 at a 5.8% CAGR during the forecast period for 2025-2034.
Spreads are emerging as a popular breakfast choice for bread, driven by the increasing trend towards plant-based options in the market. Consumers are gravitating towards plant-based spreads for their health benefits, sustainability, and ethical considerations. The versatility of plant-based spreads in terms of flavours and textures is also contributing to their popularity as a breakfast accompaniment. With a growing number of consumers opting for vegan and vegetarian lifestyles, plant-based spreads are becoming a preferred choice for enhancing the taste and nutritional value of breakfast bread. This trend is expected to continue as more people seek healthier and environmentally friendly food options. The rise in the alertness regarding organic plant-based spreads amongst consumers is further estimated to cushion the growth of the plant-based spreads market.
On the other hand, the plant-based spreads and dips, like the animal-based versions, can be very high in fat and salt, which is further projected to enhance the growth of the plant-based spreads market in the forecasted period. The plant-based spreads and dips market trends suggest that there has been a rising prevalence of lactose intolerance. These prominent factors are responsible for propelling the demand for plant-based sauces, dressings, and spreads around the globe.
The plant-based spreads market is segmented by the types of spreads, sources, and distributional channels. On the basis of type of spreads, the plant-based spreads market is segmented into lard, margarine, nut butter, legume-based spreads, veggie pâtés, pestos, guacamole, hummus, vegan cream cheese, vegan herring salad, jam, and others. On the basis of source, the plant-based spreads market is segmented into pulses, vegetables, oils, nuts, seeds, and grains. On the basis of distribution channels, the plant-based spreads market is segmented into hypermarkets and supermarkets, convenience stores, speciality stores, and online.
The vegan sauces segment of the plant-based spreads market is undergoing significant growth, driven by rising consumer demand for healthier, ethical, and environmentally friendly food options. Vegan sauces, free from animal products, cater to the increasing number of people adopting vegan as well as vegetarian diets. These sauces offer diverse flavours and nutritional benefits, appealing to health-conscious consumers and those with dietary restrictions. Innovations in taste and texture, along with a growing variety of options, are enhancing the appeal of vegan sauces, contributing to the overall expansion of the plant-based spreads market.
The online distribution channel segment of the plant-based spreads market is rapidly expanding, driven by the convenience and accessibility it offers to consumers. With the rise in number of e-commerce platforms and digital grocery shopping, consumers can easily explore and purchase a wide variety of plant-based spreads from the comfort of their homes. Attractive online promotions, subscription services, and direct-to-consumer sales models further fuel this growth. Enhanced online presence and targeted digital marketing strategies by brands are increasing product visibility and reach, making online channels a crucial driver for the market's growth.
In the near future, the North American market for plant-based spreads is projected to have the biggest market share in terms of revenue. Consumers are increasingly embracing vegan products due to growing awareness of the detrimental effects of consuming animal-derived food products on the environment. Milk, honey, egg, meat, hog, and shellfish are recognized for their elevated carbon footprints. Consumers have been progressively incorporating environmentally-friendly vegan goods into their meals. Many individuals in the United States and Canada are embracing a vegan diet due to the rising incidence of food allergies and lactose intolerance in the population. The future is anticipated to witness a broadening of the range of vegan sauces, dressings, and spreads. Furthermore, the APAC (Asia Pacific) region is expected to experience significant growth in the worldwide Plant-based Spreads Market.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 486.82 Mn |
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Revenue Forecast In 2034 |
USD 843.18 Mn |
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Growth Rate CAGR |
CAGR of 5.8% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Types Of Spreads, Sources, And Distributional Channels |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
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, Kite Hill, WayFare Health Foods, Good Foods Group, LLC, Galaxy Nutitional Foods, Inc., Frito-Lay North America, Inc., and Others |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Plant-based Spread Market Snapshot
Chapter 4. Global Plant-based Spread Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Type:
5.2.1. Lard
5.2.2. Margarine
5.2.3. Nut Butters
5.2.4. Legume-Based Spreads
5.2.5. Pesto
5.2.6. Guacamole
5.2.7. Hummus
5.2.8. Vegan Cream Cheese
5.2.9. Vegan Herring Salad
5.2.10. Jam
5.2.11. Others
Chapter 6. Market Segmentation 2: by Source Estimates & Trend Analysis
6.1. by Source & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Source:
6.2.1. Pulses
6.2.2. Vegetable Oils
6.2.3. Nuts
6.2.4. Seeds
6.2.5. Grains
Chapter 7. Plant-based Spread Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021 to 2034
7.1.2. North America Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021 to 2034
7.1.3. North America Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by country, 2021 to 2034
7.2. Europe
7.2.1. Europe Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021 to 2034
7.2.2. Europe Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021 to 2034
7.2.3. Europe Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by country, 2021 to 2034
7.3. Asia Pacific
7.3.1. Asia Pacific Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021 to 2034
7.3.2. Asia Pacific Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021 to 2034
7.3.3. Asia Pacific Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by country, 2021 to 2034
7.4. Latin America
7.4.1. Latin America Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021 to 2034
7.4.2. Latin America Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021 to 2034
7.4.3. Latin America Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by country, 2021 to 2034
7.5. Middle East & Africa
7.5.1. Middle East & Africa Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021 to 2034
7.5.2. Middle East & Africa Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by Source, 2021 to 2034
7.5.3. Middle East & Africa Plant-based Spread Market Revenue (US$ Million) Estimates and Forecasts by country, 2021 to 2034
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. DAIYA FOODS INC.
8.2.2. Meridian Group.
8.2.3. Amy's Kitchen Inc.
8.2.4. Follow Your Heart
8.2.5. B&G Foods Inc.
8.2.6. Litehouse Inc.
8.2.7. Red Duck Foods, Inc.
8.2.8. Majestic Garlic
8.2.9. Bear Pond Farm
8.2.10. KENSINGTON & SONS
8.2.11. KATE HILL
8.2.12. WayFare Health Foods
8.2.13. Good Foods Group LLC
8.2.14. Galaxy Nutritional Foods, Inc.
8.2.15. Frito-Lay North America, Inc.
8.2.16. Other Prominent Players
Plant-based Spreads Market By Type of Spreads
Plant-based Spreads Market By Source of Spreads:
Plant-based Spreads Market By Distribution Channel of Spreads:
Plant-based Spreads Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
