Chocolate Keto Nut and Seed Butter Market Segmented By Nature such as Organic and Conventional comprised of types includes Hazelnuts, Chia seeds, Cashew, Walnuts, Pecans, Almonds, Peanuts
Industry: Food and Beverages
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32652
According to the latest research by Persistence Market Research, chocolate keto nut and seed butter are set to witness positive growth during 2021-2031. The demand for chocolate keto nut and seed butter is expected to increase due to the nutritional awareness of the keto nut and seed butter market. Keto nut and seed butter products are rich in protein, fibre, and healthy fats while it is gluten-free, palm oil-free, and soy which is good for health.
The developing trends towards plant based products have similarly affected interest for nut and seed butters as they are a phenomenal wellspring of plant-based protein and are comprehensively available in numerous stores. So, the sales of products such as a cashew, almonds and nut butter similarly as pumpkin and sunflower seed butter have phenomenally extended among customers looking for a viably open elective protein source.
To make products more healthy and nutritional Hazelnut were added to the chocolate and nut-based butter. Customers are looking for different best choices of butter which contains the hazelnut which also leads to an increase in the demand of the hazelnut in the market.
Customers who follow plant-based eating regimens are significant customers of nut-based butter. The major players are taking the opportunity of this open market to deliver protein-rich butter from plant sources. The high sugar content of the hazelnut chocolate butter has impacted negatively the market as the customers are shifting their preference towards more wellbeing products and are searching the substitutes which are having low sugar.
North American nut butter market is a mature and established market and the production of keto nut-based butter products is sufficient for the region. The US is the biggest market in North America and records around 30% of the region's share. Showing interest in low-fat butter is an important factor that is driving keto nut-based butter in North America.
Major brands like, Nutella are ruling the market and bringing different innovations and advancements like, butter made with regular natural ingredients which are free from the gelling agents and additive sugar, etc.
European market holds the second-largest share in the keto nut and seed butter market after North America because customers are looking for a nutritional diet as they are concerned about their health. So, choosing keto nut and seed butter products as these are rich sources of fiber, iron, calcium, omega 3, and phosphorous.
The market is shifting its preference from meat food to vegan nutritional food which is organic in nature and has different tastes and textures among food and beverages. So, keto nut and seed butter fulfilling the customer’s demand which is a great opportunity for the product.
In Asia pacific region keto components are broadly present in the form of pills, powder, liquid, tablets, and snacks. Customers consuming on a large scale because it contains healthy content. The increase in the middle-class population and the increase in income of the middle-class population force customers on a large scale to shift their taste towards healthy diets which will be an opportunity for keto nut and seed butter.
In developing countries like India, people are suffering from obesity and overweight which leads to numerous diseases. So, people looking for the option which provide the nutrition in consumption then keto nut and seed butter can fulfil customers demand with different taste and textures.
Many factors affected the increase in the demand for keto nut and seed butter during the COVID-19 because of its nutrition. Products like peanut butter are regularly considered as a healthy and comfort food by customers.
The COVID - 19 brought several strict restrictions like the travel ban, flight cancellation, etc., which leads to the unavailability of raw materials, to get fresh food. Therefore, there has been an incredible increase in the demand for stable items. The manufacturer have faced loss during the mid of 2020 owing to imposed lockdowns across various countries. Thus the manufacturers strategically promoted products sales through online channels.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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