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Report
Global Peanut Butter Market Report and Forecast 2024-2032
Market Report I 2023-11-27 I 170 Pages I EMR Inc.
Global Peanut Butter Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global peanut butter market attained a healthy growth in the historical period. Aided by the surging demand for versatile and nutritious food products and the expanding applications of peanut butter in an array of culinary dishes, the market is expected to grow significantly by 2032.
Peanut butter, a creamy, delectable spread, is derived from roasted peanuts and is an inherent part of diets worldwide, especially in Western countries. Loaded with proteins, healthy fats, and essential vitamins, peanut butter is not just a mouth-watering delight but also a nutritional powerhouse. Its attributes of satiety and health benefits are boosting its popularity as a staple breakfast ingredient and a quick snack. Beyond its primary role as a spread, peanut butter's rich, nutty flavour and creamy consistency have carved its niche in baking, confectionery, smoothies, and a multitude of international cuisines.
A major propellant of the global peanut butter market growth is the shifting dietary preferences towards protein-rich foods. As consumers grow increasingly health-conscious, the awareness regarding the nutritional advantages of peanuts - high protein, low carbs, and a wealth of minerals - has amplified the demand for peanut butter. It's not merely seen as a tasty spread but a health-enhancing food product. The fitness community, too, has embraced peanut butter as a preferred pre and post-workout snack, owing to its energy-boosting properties.
The burgeoning trend of quick meals, driven by the fast-paced urban lifestyles, has further bolstered the peanut butter market outlook. Peanut butter's versatility, which allows it to slide effortlessly into sandwiches, desserts, and even savoury dishes, is ensuring its sustained demand in households globally.
The applications of peanut butter are not confined to households and the culinary world. The confectionery industry is capitalising on its rich flavour and texture to produce an assortment of products - from peanut butter cups and bars to cookies. Moreover, as the global palate becomes more experimental, restaurants and food joints are innovating traditional recipes, integrating peanut butter into diverse cuisines, thus expanding its gastronomic footprint.
Furthermore, with veganism and vegetarian diets gaining traction worldwide, peanut butter stands out as a plant-based protein source. This rise in plant-forward diets, coupled with lactose intolerance issues in a significant portion of the global population, has intensified the peanut butter market demand. Peanut butter, being dairy-free, positions itself as an ideal alternative for those seeking plant-derived protein and nutritional benefits.
Market Segmentation
The market can be divided based on spread type, end-use, and region.
Market Breakup by Spread Type
- Creamy
- Crunchy/Chunky
- Old Fashioned/Natural
- Reduced Fat
- Honey Roasted
Market Breakup by End-Use
- Cooking
- Health Product
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global peanut butter market. Some of the major players explored in the report by Expert Market Research are as follows:
- Hormel Foods Corporation
- The J.M. Smucker Co.
- Post Holdings, Inc.
- Sonya Foods Pvt. Ltd.
- H.J. Heinz Company Brands LLC (KRAFT Foods)
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Peanut Butter Market Analysis
8.1 Key Industry Highlights
8.2 Global Peanut Butter Historical Market (2018-2023)
8.3 Global Peanut Butter Market Forecast (2024-2032)
8.4 Global Peanut Butter Market by Spread Type
8.4.1 Creamy
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Crunchy/Chunky
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Old Fashioned/Natural
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Reduced Fat
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Honey Roasted
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2023)
8.4.5.3 Forecast Trend (2024-2032)
8.5 Global Peanut Butter Market by End-Use
8.5.1 Cooking
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Health Product
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Peanut Butter Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Hormel Foods Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 The J.M. Smucker Co.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Post Holdings, Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Sonya Foods Pvt. Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 H.J. Heinz Company Brands LLC (KRAFT Foods)
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Peanut Butter Market: Key Industry Highlights, 2018 and 2032
2. Global Peanut Butter Historical Market: Breakup by Spread Type (USD Billion), 2018-2023
3. Global Peanut Butter Market Forecast: Breakup by Spread Type (USD Billion), 2024-2032
4. Global Peanut Butter Historical Market: Breakup by End-Use (USD Billion), 2018-2023
5. Global Peanut Butter Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
6. Global Peanut Butter Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Peanut Butter Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Peanut Butter Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Peanut Butter Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Peanut Butter Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Peanut Butter Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Peanut Butter Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Peanut Butter Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Peanut Butter Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Peanut Butter Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Peanut Butter Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Peanut Butter Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Peanut Butter Market Structure
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