Middle East & Africa Plant-based Butter Market Size & Outlook
The plant-based butter market in Middle East & Africa is expected to reach a projected revenue of US$ 155.9 million by 2030. A compound annual growth rate of 6.3% is expected of Middle East & Africa plant-based butter market from 2024 to 2030.
Revenue, 2023 (US$M)
$101.4
Forecast, 2030 (US$M)
$155.9
CAGR, 2024 - 2030
6.3%
Report Coverage
Middle East & Africa
MEA plant-based butter market highlights
- The MEA plant-based butter market generated a revenue of USD 101.4 million in 2023.
- The market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, almond was the largest revenue generating source in 2023.
- Almond is the most lucrative source segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 101.4 million |
| Market revenue in 2030 | USD 155.9 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Almond |
| Fastest growing segment | Almond |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Almond |
| Key market players worldwide | Upfield, Califia Farms, Kite Hill |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.1% of the global plant-based butter market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 981.9 million by 2030.
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Plant-based Butter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Upfield | View profile | 1001-5000 | Amsterdam, Noord-Holland, The Netherlands, Europe | https://upfield.com/ |
| Kite Hill | View profile | 11-50 | Hayward, California, United States, North America | http://www.kite-hill.com/ |
| Califia Farms | View profile | 101-250 | Bakersfield, California, United States, North America | http://www.califiafarms.com/ |
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