Peanut Butter Market with Manufacturing Process and CAGR Forecast by 2031 – Indian Defense News


Global Peanut Butter Market: By Form (Smooth Peanut Butter, Crunchy Peanut Butter, Low-Fat Peanut Butter and Others), By Distribution Channel (Online and Offline) and By Region – Industry Size Global Growth, Trend, Opportunity and Forecast (2021-2027)

The Peanut Butter Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by key market players operating globally. It involves an in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will present one of the most comprehensive analyzes in the market, capturing all aspects of the Peanut Butter industry.

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Peanut Butter Industry Outlook

Global Peanut Butter Market was valued at USD 5.7 Billion in 2020 which is expected to reach USD 7.4 Billion by 2027, registering a CAGR of 5.7% during the forecast period (2021-2027 ). Peanut butter contains the low calories which are processed from grinding dry peanuts. Peanut butter has rich sources of energy compared to milk butter, as it is an excellent source of protein, fiber, unsaturated fats and minerals such as magnesium, zinc, potassium and vitamins . Knowing the nutritional factor of peanut butter, it is used to prepare various food products including salads, brownies, rolls, cakes, icings, cornbreads and chocolates.

Factors affecting the Peanut Butter Market over the forecast period:

Rising consumer spending on nutritional products, supported by rising disposable income, is driving the growth of the peanut butter market across the globe.

Workers have stressful and busy schedules; they prefer to eat instant foods as a convenience meal. This is the reason to expect an increase in the demand for peanut butter in take-out food products.

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High cost is the main obstacle in the peanut butter market. Therefore, due to pricing factors, consumers prefer regular butter over peanut butter in emerging and underdeveloped economies, which is restraining the growth of the global market.

Impact of COVID-19 on Peanut Butter Market:

The COVID-19 pandemic will have a low to moderate impact on the growth of the global peanut butter market. Offline Peanut Butter Sales Decreased Significantly Amid Crisis; however, online peanut butter delivery will overcome the loss of global peanut butter sales from offline sales platforms. Therefore, a moderate impact on the peanut butter market value can be expected in 2020 globally.

Report scope

The report outlines the study of the global Peanut Butter market based on type and distribution channel.

The Peanut Butter Market has been segmented on the basis of Type –

  • Creamy peanut butter
  • Crunchy Peanut Butter
  • Low Fat Peanut Butter
  • Others

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The peanut butter market has been segmented on the basis of distribution channel –

Peanut Butter Market: Regional Outlook

The peanut butter market has been segmented into five geographical regions: North America, Asia-Pacific, South America, Europe, Middle East & Africa. In 2020, North America held the largest share of the global peanut butter market, followed by Europe and Asia-Pacific. It is further estimated that North America will dominate the peanut butter market over the forecast period. Additionally, Asia-Pacific is expected to project the highest CAGR in the global market during the forecast period.

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Leading Competitors in the Global Peanut Butter Market include-

The peanut butter market is highly fragmented, with a large number of small players across the globe. Key Peanut Butter players operating in the global market include-

  • Agro Tech Foods Limited
  • Algood Food Company Inc.
  • Archer Daniels Midland
  • Boulder Brands Inc.
  • Britannia Dairy Private Limited
  • Conagra Food Service
  • Diamond Foods, Inc.
  • Dr.Oetker India Pvt Ltd
  • Hampton Farms, Inc.
  • Hormel Foods Corporation
  • Hunts
  • Kraft Canada Inc.
  • Kraft-Heinz
  • Mayvers
  • Mother Dairy Fruit & Vegetable Private Limited
  • Olam International
  • Parag Milk Foods Limited
  • Peanut butter and company
  • Pinnacle Foods
  • Procter & Gamble
  • Skippy
  • Star Snacks Co., LLC
  • The Celestial Group of Hain
  • The Hershey Company
  • The JM Smucker Company
  • Trader Joe’s
  • Unilever Group
  • Virginia dinner.

The Peanut Butter market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes the entries.


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