Peanut Butter Market Static Represent 4.2 % CAGR Prospects 2019 to 2028

The global peanut butter market is estimated to value at over US$ 3 Bn in 2019, and is expected to register a CAGR of 4.2%. The first five-year cumulative revenue (2019–2023) is projected to be Over US$ 18 Bn, which is expected to increase significantly over the latter part of the five-year forecast period.

Peanut butter is a brownish paste made by roasting peanuts. It has soft and creamy texture commonly used as a bread spread. Sweeteners, salt or flavors are added to the peanut butter to modify and enhance its taste. Peanut butter is used in sandwiches, pastries, granola bars, ice-creams, and various kinds of desserts. Peanut butter is highly nutritious as it contains vitamin E, vitamin B6, magnesium and potassium. It also helps to reduce risk of chronic diseases such as diabetes and heart diseases.

Rising disposable income and changing lifestyles, coupled with increasing preference for ready-to-eat food products is resulting in high demand for nutritional food products such as peanut butter, which in turn is expected to drive growth of the global market.

Availability of variety of options of peanut butter and rising popularity of peanut butter flavored cookies, shakes and chocolates among individuals in developed and developing countries is expected to drive growth of the global peanut butter market to a substantial extent over the forecast period. In addition, rising popularity of low calorie food and growing demand for convenient food is expected to support growth of the target market.

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Global Peanut Butter Market: Segmental Snapshot

By Product type:

Among the product type segments, the regular peanut butter segment is expected to contribute major revenue share in the global peanut butter market, and is expected to register CAGR of over 4.3% in terms of revenue over the forecast period, owing to its cost-effectiveness and increasing consumption of regular peanut butter.

By Distribution channel: 

Among the distribution channel segments, the supermarkets segment is expected to contribute major revenue share in the global peanut butter market and is expected to register highest CAGR of over 4.5% in terms of revenue over the forecast period. The convenience stores segment is expected to register second-highest CAGR over the forecast period.

By Region: 

The market in Europe is expected to account for a second-highest share in the market in terms of revenue over the forecast period, due to increasing demand for low calorie food in countries in the region.

The market in Asia Pacific is expected to register significant growth rate in terms of revenue, owing to growing demand for ready-to-eat food in developing countries such as India and China. In addition, rising disposable income and changing lifestyle in countries in this region is expected to drive growth of the market to a certain extent.

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Global Peanut Butter Market: Competitive Analysis

The research report on the global peanut butter market include profiles of some of major companies such as The Procter & Gamble Company, Unilever N.V., The J.M. Smucker Company, Hormel Foods Corporation, Boulder Brands Inc., Kraft Canada Inc., Algood Food Company, Inc., Monsanto Company, ConAgra Foods, Inc., and The Hershey Company.

Main Aim Of The Report:

1) To deliver an extensive study of this industry exhibition together with an estimation of the various sections and sub-segments.
2) To cover insights by factors impacting the industry improvement.
3) To present past and future earnings of their market section and sub-segments with respect to major geographies and states – worldwide.
4) A regional-level examination of this market linked to the current market size and future prospects.
5) To present a study of the market by particular departmental research methodologies, product type, and also industry sub-segments.
6) To establish strategical profiling of players on the present market, thoroughly assessing their significant abilities, and outline on a competitive scenario to the market.
7) Track and study the competitive advancement of global markets such as joint ventures, strategic association, collaboration and acquisitions, new product development, and research.
8) To examine – based on various different features – price study, supply chain study, porter five forces analysis, and PESTEL analysis, SWOT study etc.

Furthermore, the study evaluates major market points like growth revenue, capacity usage ratio, overall industry profit, price, volumes, overall margin, cost, demand, supply, export-import, consumption, extension rate and market share and thus forth.