Market Overview:
The global peanut paste market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for healthy and nutritious food products, increasing awareness about the health benefits of peanut paste, and growing popularity of Asian cuisine. The global peanut paste market is segmented on the basis of type into sweet taste and saline taste. The sweet taste segment is expected to account for a larger share in the global market than the saline taste segment during the forecast period. This can be attributed to factors such as consumer preference for sweet-tasting food products and increasing demand for flavored peanut pastes. On the basis of application,the global peanut paste market is divided into cooking, being eaten together with rice or bread, and others (including use in bakery items, confectionery items etc.). The cooking application segment is expected to account for a larger share in terms of revenue than other application segments duringthe forecast period owingto its widespread usein various cuisines across different regions worldwide.
Product Definition:
A paste made from ground, roasted peanuts. It is used as a spread, condiment, or ingredient in various recipes.
Sweet Taste:
Sweet taste is a unique flavor property of peanut paste and it's different from the other tree nut paste. It has been observed that consumers are ready to pay more for this flavor property than the one associated with any other natural food ingredient. The growth factor in sweet taste is not well known but it plays an important role in driving demand for peanut paste globally.
Saline Taste:
Saline taste is a natural salt that has been used in food products for thousands of years. It is obtained from evaporating saline water, which is found in several places including the ocean and underground water sources. The substance tastes slightly salty and can be easily found in any grocery store.
It has been observed that people have preferences regarding the type of taste they prefer in their foods; some like it strong while others prefer mildness or even no taste at all.
Application Insights:
The cooking application segment led the global market and accounted for more than 70.0% share of the overall revenue in 2017. The product is widely used in various preparations such as stir-fries, curries, and soups to enhance the flavor as well as provide nutrition to food items. Furthermore, it is also added during preparation of several other foods such as pancakes, cookies, ice cream toppings and salad dressings to name a few.
Peanut paste finds its usage not only in North America but also across Europe where people eat peanuts roasted or raw with their meals often having them together with bread or rice along with it. Moreover, growing consumption of healthy snacks especially among working professionals will drive this product demand over the forecast period thus driving its growth across all regions globally including Middle East & Africa countries like Saudi Arabia UAE Qatar etc., China Japan etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 4.5% over the forecast period, owing to increasing consumption of peanut paste-based products such as dal, chutney, and pickles among others. Furthermore, growing health awareness has resulted in an increase in demand for nutraceuticals that are rich in protein content and provide essential nutrients; this trend is projected to have a positive impact on industry growth over the coming years.
Asia Pacific is anticipated to be one of the fastest-growing regional markets from 2018 to 2030 owing high population density along with rising disposable income levels and changing food habits especially among youth consumers due urbanization trends across emerging economies including China.
Growth Factors:
- Increasing demand for healthy and nutritious food products is driving the growth of the peanut paste market.
- Growing awareness about the health benefits of consuming peanut paste is fueling its demand among consumers.
- The increasing popularity of plant-based diets is also propelling the growth of the peanut paste market.
- Rising disposable income levels in developing countries are providing a major impetus to the growth of this market.
- The growing trend of customization in food products is also contributing to the expansion of this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Peanut Paste Market Research Report
By Type
Sweet Taste, Saline Taste
By Application
Cooking, Be Eaten Together with Rice or Bread, Others
By Companies
Hormel Foods, J.M. Smucker Company, Kraft, Algood Food Company, ConAgra Foods, STEEM Peanut Butter, Saratoga Peanut Butter Company, The Leavitt Corporation, Cape May Peanut Butter Co., Ruparel Foods, Hormel Foods, Smithville Peanut Butter Company, Monkey Butter, Peanut Butter & Co ., SunButter, Sonya Foods, American Blanching, Andalucia Nuts
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Peanut Paste Market Report Segments:
The global Peanut Paste market is segmented on the basis of:
Types
Sweet Taste, Saline Taste
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cooking, Be Eaten Together with Rice or Bread, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hormel Foods
- J.M. Smucker Company
- Kraft
- Algood Food Company
- ConAgra Foods
- STEEM Peanut Butter
- Saratoga Peanut Butter Company
- The Leavitt Corporation
- Cape May Peanut Butter Co.
- Ruparel Foods
- Hormel Foods
- Smithville Peanut Butter Company
- Monkey Butter
- Peanut Butter & Co .
- SunButter
- Sonya Foods
- American Blanching
- Andalucia Nuts
Highlights of The Peanut Paste Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sweet Taste
- Saline Taste
- By Application:
- Cooking
- Be Eaten Together with Rice or Bread
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Peanut Paste Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Peanut paste is a type of food paste made from ground peanuts. It can be used as a spread or as an ingredient in recipes.
Some of the major companies in the peanut paste market are Hormel Foods, J.M. Smucker Company, Kraft, Algood Food Company, ConAgra Foods, STEEM Peanut Butter, Saratoga Peanut Butter Company, The Leavitt Corporation, Cape May Peanut Butter Co., Ruparel Foods, Hormel Foods, Smithville Peanut Butter Company, Monkey Butter, Peanut Butter & Co ., SunButter, Sonya Foods, American Blanching, Andalucia Nuts.
The peanut paste market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Peanut Paste Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Peanut Paste Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Peanut Paste Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Peanut Paste Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Peanut Paste Market Size & Forecast, 2020-2028
4.5.1 Peanut Paste Market Size and Y-o-Y Growth
4.5.2 Peanut Paste Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sweet Taste
5.2.2 Saline Taste
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cooking
6.2.2 Be Eaten Together with Rice or Bread
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Peanut Paste Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Peanut Paste Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sweet Taste
9.6.2 Saline Taste
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cooking
9.10.2 Be Eaten Together with Rice or Bread
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sweet Taste
10.6.2 Saline Taste
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cooking
10.10.2 Be Eaten Together with Rice or Bread
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sweet Taste
11.6.2 Saline Taste
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cooking
11.10.2 Be Eaten Together with Rice or Bread
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sweet Taste
12.6.2 Saline Taste
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cooking
12.10.2 Be Eaten Together with Rice or Bread
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sweet Taste
13.6.2 Saline Taste
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cooking
13.10.2 Be Eaten Together with Rice or Bread
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Peanut Paste Market: Competitive Dashboard
14.2 Global Peanut Paste Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hormel Foods
14.3.2 J.M. Smucker Company
14.3.3 Kraft
14.3.4 Algood Food Company
14.3.5 ConAgra Foods
14.3.6 STEEM Peanut Butter
14.3.7 Saratoga Peanut Butter Company
14.3.8 The Leavitt Corporation
14.3.9 Cape May Peanut Butter Co.
14.3.10 Ruparel Foods
14.3.11 Hormel Foods
14.3.12 Smithville Peanut Butter Company
14.3.13 Monkey Butter
14.3.14 Peanut Butter & Co .
14.3.15 SunButter
14.3.16 Sonya Foods
14.3.17 American Blanching
14.3.18 Andalucia Nuts
