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Market Players are now investing in the market to solidify global position.
DUBAI, UAE / ACCESSWIRE / January 27, 2021 / FMI in its recent study of the Plant-Based Butter Market states that the market is set to surpass US$ 2.4 Bn within the forecast period rising at a value CAGR of over 7%. Surge in demand for plant-based butter is due to growing consumer awareness about ethics of producing animal-based foods & beverages, and the impact of animal husbandry on the environment.
"Variations in the global demographic of vegans, vegetarians, flexitarians, lactose intolerants are strongly adopting plant-based butter products increasingly backed by concerns from animal rights activists and green revolution initiatives," says FMI analyst.