The global demand for Peanut Butter Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Peanut butter is one of the most widespread and consumed food spread and is prepared by dry roasted peanuts. It is a low calories product with high content nutrients. It is rich in unsaturated lipid, protein, fibre, and many micronutrients, such as vitamin E, folate, potassium, magnesium, and zinc. Peanut butter is used as a spread on bread, toast, or crackers, and used to make sandwiches. Peanut butter finds application in several end-user sectors such as bakery, savory and sauces, smoothies, and many more. The appealing flavor, convenience of use, and excellent shelf life of peanut butter contribute significantly to its popularity.
The market is predominantly driven by growing health awareness and the inclination of consumers towards low-calorie healthy diets. The growing consumer population with weight diseases or rising obesity prevalence and increasing disposable income in developed and developing economies are major factors expected to encourage market growth. Moreover, a variety of flavors, new blends, and growing preferences for nutritious products are the factors that boost the sales of the product. Further, the accelerating demand for convenience food and ready-to-eat meals propels the industry's growth globally.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of peanut butter.
The entire peanut butter market has been sub-categorized into type and distribution channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Distribution Channel
- Smooth Peanut Butter
- Crunchy Peanut Butter
- Convenience Stores
- Online Stores
This section covers regional segmentation which accentuates on current and future demand for peanut butter market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Peanut Butter Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the peanut butter market include Procter & Gamble, Unilever, The J.M. Smucker Company, Hormel Foods Corporation, Boulder Brands Inc., Kraft Canada Inc., Algood Food Company Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.