A report named “Butter Replacers Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” has been distributed by SBWire. The report notes that the growth in busy lifestyles and in awareness of health and fitness issues are drivers in the increase of the butter replacers market.
According to the report, the most popular butter replacers available in the market include oils such as vegetable oil, coconut oil, olive oil; avocado; Greek yogurt; nut butters; margarine; cocoa butter; and various purees.
SBWire states that growing demand for nutritional foods, a rise in prices for dairy butter, and increased variety of plant-based butters, will mean that the market for butter replacements will grow significantly in the short term.
“Rise in demand for healthier and less expensive butter has created immense opportunities for manufactures to develop potential butter replacers and generate profitable revenues through their product offerings. Many companies manufacturing butter and its products are engaged in research and development activities to produce various butter replacers. Furthermore, with consumer preference shifting towards butter replacers, especially oils and margarine, oil and vegan products manufacturers have a chance to invest more in the development and marketing of their product lines.”