Market Overview:
The global peanut butter market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. 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 butter, and growing popularity of snacking among consumers. The global peanut butter market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into salted peanut butter and sweet peanut butter. Salted peanut butter accounted for a larger share in 2017 owing to its low price point and widespread availability across regions. However, sweetened varieties are gaining popularity among consumers due to their enhanced flavor profile. On the basis of application, physical store accounted for a larger share in 2017 owing to higher consumer preference for buying food products from brick-and-mortar stores over online stores.
Product Definition:
Peanut Butter is a spread made from ground roasted peanuts, usually mixed with a sweetener and sometimes oil. It is popular in the United States where it is used on sandwiches, toast, crackers and celery.
Salted Peanut Butter:
Salted peanut butter is a type of peanut butter that has been salted and flavored with table salt. The product was first introduced in the U.S., where it gained popularity owing to its taste as well as health benefits over regular peanuts.
The product is also available in different varieties, such as smooth, chunky, spicy, sweet & savory and salty & spicy which caters to the varied demands of consumers across the world.
Sweet Peanut Butter:
Sweet peanut butter is a smooth and creamy paste made from roasted peanuts. It has a high proportion of sugar (up to 12 grams per 8-ounce serving) and low proportion of protein (up to 4.5 grams per serving). The product is usually sweetened with corn syrup or another carbohydrate source, such as rice syrup, honey, or maltose.
Application Insights:
Physical store was the largest application segment in 2017 and accounted for more than 55% of the global market share. Physical stores offer a wider product portfolio including salted, sweet and natural peanut butter. Increasing number of physical stores has been one of the key factors driving demand over the past few years. However, online store is expected to be fastest growing application segment from 2018 to 2030 owing to increasing e-commerce penetration in developing countries such as India, China and Brazil.
Online stores provide convenience for consumers by delivering products directly at their doorsteps without visiting physical shops or grocery marts frequently leading to increased product sales on account of high consumer engagement rate with various digital channels such as social media websites.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 5.6% over the forecast period, owing to increasing consumption of peanut butter in households and schools as an alternative to chocolate spread and Nutella. In addition, growing health awareness among consumers is anticipated to fuel demand for natural products with low sugar content in this region over the next eight years.
Asia Pacific is expected to be one of the fastest-growing regional markets from 2018 to 2030 due its large population base along with rising disposable income levels that are encouraging people towards adopting healthier lifestyles thereby fueling product demand across various applications such as online stores and physical retail stores. Furthermore, increasing consumer spending on food products imported from developed countries such as U.S., U.K.
Growth Factors:
- Increasing demand for healthy and nutritious food products is driving the growth of the peanut butter market.
- Growing popularity of sandwiches as a convenient and healthy meal option is fueling the demand for peanut butter.
- Rising disposable income of consumers in developing countries is propelling the growth of the peanut butter market.
- Growing awareness about the health benefits associated with consumption of peanut butter is boosting its demand worldwide.
- increasing urbanization and changing lifestyle trends are contributing to the growth of global peanut butter market
Scope Of The Report
Report Attributes
Report Details
Report Title
Peanut Butter Market Research Report
By Type
Salted Peanut Butter, Sweet Peanut Butter
By Application
Physical Store, Online Store
By Companies
Hunts, Hormel, Skippy, JIF, Waitrose, Taoyuanjianmin, Wangzhihe
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Peanut Butter Market Report Segments:
The global Peanut Butter market is segmented on the basis of:
Types
Salted Peanut Butter, Sweet Peanut Butter
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
Physical Store, Online Store
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:
- Hunts
- Hormel
- Skippy
- JIF
- Waitrose
- Taoyuanjianmin
- Wangzhihe
Highlights of The Peanut Butter 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:
- Salted Peanut Butter
- Sweet Peanut Butter
- By Application:
- Physical Store
- Online Store
- 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 Butter 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 butter is a type of nut butter that is made from ground peanuts.
Some of the major players in the peanut butter market are Hunts, Hormel, Skippy, JIF, Waitrose, Taoyuanjianmin, Wangzhihe.
The peanut butter market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Peanut Butter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Peanut Butter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Peanut Butter Market - Supply Chain
4.5. Global Peanut Butter Market Forecast
4.5.1. Peanut Butter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Peanut Butter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Peanut Butter Market Absolute $ Opportunity
5. Global Peanut Butter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Peanut Butter Market Size and Volume Forecast by Type
5.3.1. Salted Peanut Butter
5.3.2. Sweet Peanut Butter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Peanut Butter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Peanut Butter Market Size and Volume Forecast by Application
6.3.1. Physical Store
6.3.2. Online Store
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Peanut Butter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Peanut Butter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Peanut Butter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Peanut Butter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Peanut Butter Demand Share Forecast, 2019-2026
9. North America Peanut Butter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Peanut Butter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Peanut Butter Market Size and Volume Forecast by Application
9.4.1. Physical Store
9.4.2. Online Store
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Peanut Butter Market Size and Volume Forecast by Type
9.7.1. Salted Peanut Butter
9.7.2. Sweet Peanut Butter
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Peanut Butter Demand Share Forecast, 2019-2026
10. Latin America Peanut Butter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Peanut Butter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Peanut Butter Market Size and Volume Forecast by Application
10.4.1. Physical Store
10.4.2. Online Store
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Peanut Butter Market Size and Volume Forecast by Type
10.7.1. Salted Peanut Butter
10.7.2. Sweet Peanut Butter
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Peanut Butter Demand Share Forecast, 2019-2026
11. Europe Peanut Butter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Peanut Butter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Peanut Butter Market Size and Volume Forecast by Application
11.4.1. Physical Store
11.4.2. Online Store
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Peanut Butter Market Size and Volume Forecast by Type
11.7.1. Salted Peanut Butter
11.7.2. Sweet Peanut Butter
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis 11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Peanut Butter Demand Share, 2019-2026
12. Asia Pacific Peanut Butter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Peanut Butter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Peanut Butter Market Size and Volume Forecast by Application
12.4.1. Physical Store
12.4.2. Online Store
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Peanut Butter Market Size and Volume Forecast by Type
12.7.1. Salted Peanut Butter
12.7.2. Sweet Peanut Butter
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Peanut Butter Demand Share, 2019-2026
13. Middle East & Africa Peanut Butter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Peanut Butter Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Peanut Butter Market Size and Volume Forecast by Application
13.4.1. Physical Store
13.4.2. Online Store
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Peanut Butter Market Size and Volume Forecast by Type
13.7.1. Salted Peanut Butter
13.7.2. Sweet Peanut Butter
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Peanut Butter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Peanut Butter Market: Market Share Analysis
14.2. Peanut Butter Distributors and Customers
14.3. Peanut Butter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hunts
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hormel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Skippy
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JIF
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Waitrose
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Taoyuanjianmin
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wangzhihe
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook