Global Peanut Butter Market by Types (Creamy Peanut Butter, Crunchy Peanut Butter, Natural Peanut Butter, Reduced Fat Peanut Butter, Smooth Peanut Butter, and Honey Roasted Peanut Butter), Distribution Channels (Convenience Stores, Online Stores, Supermarkets/Hypermarkets, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028
The global peanut butter market is expected to register a substantial CAGR during the forecast period, between 2021 and 2028. The market growth is attributed to its rising food applications including brownies, cakes, salads, rolls, cornbread, frostings, and chocolates.
Peanuts are an essential crop farmed worldwide and are economically used for the production of oil, confections, flour, butter, and snack goods. Peanut butter is a culinary paste that dates back to the Aztecs and is produced mostly from ground dry roasted peanuts. The presence of heart-healthy monounsaturated fat in peanuts expands their nutritional value and flavor. It's a great alternative to milk butter. Peanut butter is one of the most consumed food spreads and is created by crushing and dry-roasting peanuts. It is a high-energy food that is commonly promoted as a milk butter alternative. Aside from energy, it also contains protein, fiber, and unsaturated fats, as well as a variety of minerals such as zinc, potassium, magnesium, Vitamin E, and calcium oxalate. The nutritional composition increases its food applications, including brownies, cakes, salads, rolls, cornbread, frostings, and chocolates.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising health consciousness as well as consumer adoption of healthier food options containing plant-based components are important drivers for the global peanut butter market.
- Rise of hectic living schedule and the expanding demand for low-calorie nutritious food are driving expansion of the peanut butter market.
- Changing lifestyles and a move toward the consumption of convenience foods are likely to drive the peanut butter market.
- Rise in product prices and the emergence of various allergies can hinder the market expansion.
- Consumers are becoming more concerned about their health as chronic conditions such as high blood pressure and heart problems become more prevalent, which can open up new opportunities for the peanut butter market.
Scope of the report:
The report on global peanut butter market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Peanut Butter Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast |
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Base Year |
2020 |
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Historic Data |
2018 & 2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Types (Creamy Peanut Butter, Crunchy Peanut Butter, Natural Peanut Butter, Reduced Fat Peanut Butter, Smooth Peanut Butter, and Honey Roasted Peanut Butter), Distribution Channels (Convenience Stores, Online Stores, Supermarkets/Hypermarkets, and Others) |
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Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
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Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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Key Players Covered in the Report |
Hormel Foods Corporation, ConAgra Food Inc., J.M. Smucker Company, Sonya Foods, Algood Food Co., Dr. Oetker India Pvt. Ltd., Kraft Foods, and Unilever |
Peanut Butter Market Segment Insights:
Smooth Peanut butter segment is projected to hold significant market share
Based on types, the peanut butter market can be segmented into creamy peanut butter, crunchy peanut butter, natural peanut butter, reduced fat peanut butter, smooth peanut butter, and honey roasted peanut butter. The smooth peanut butter segment is projected to hold significant market share due to its simpler use. It can blend well with smoothies and desserts. The crunchy and creamy peanut butter segments is anticipated to expand at a robust pace during the forecast period. Crunchy peanut butter has higher fiber and folate, which are both important for your health, while creamy peanut butter options can have a slightly higher protein level, opting for fiber over protein, providing the same gratifying impact while also aiding in excellent digestion.
Supermarkets/hypermarkets segment is anticipated to account for a substantial share
On the basis of distribution channels, the market can be fragmented into convenience stores, online stores, supermarkets/hypermarkets, and others. The supermarkets/hypermarkets segment is anticipated to account for a substantial share. Consumers benefit from the convenience of these outlets as well as a diverse selection of brands and product variants. The online stores segment is estimated to expand at a rapid pace in the near future due to growing customer reach, logistics assistance, and readily available feedback.
North America is expected to dominate the market
In terms of regions, the peanut butter market can be categorized as Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America is expected to dominate during the forecast period, with the US serving as the region's growth engine. Increased consumer disposable income, simple availability of raw materials, and expanding demand for nutritional products are major factors contributing the most to overall market income. The market in Asia Pacific is expected to expand at a high CAGR during the forecast period. Emerging economies such as China and India acting as regional drivers. With a rise in per capita peanut butter consumption in the Asia Pacific, the market is expected to develop significantly.
Segments
By Types
- Creamy Peanut Butter
- Crunchy Peanut Butter
- Natural Peanut Butter
- Reduced Fat Peanut Butter
- Smooth Peanut Butter
- Honey Roasted Peanut Butter
By Distribution Channels
- Convenience Stores
- Online Stores
- Supermarkets/Hypermarkets
- Others
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
- Hormel Foods Corporation
- ConAgra Food Inc.
- J.M. Smucker Company
- Sonya Foods
- Algood Food Co.
- Dr. Oetker India Pvt. Ltd.
- Kraft Foods
- Unilever
Competitive Landscape
Key players in the global peanut butter market are Hormel Foods Corporation, ConAgra Food Inc., J.M. Smucker Company, Sonya Foods, Algood Food Co., Dr. Oetker India Pvt. Ltd., Kraft Foods, and Unilever. These players have actively engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to strengthen their geographical presence and expand their customer base globally.
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 Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Peanut Butter Market Size and Volume Forecast by Types
5.3.1. Creamy Peanut Butter
5.3.2. Crunchy Peanut Butter
5.3.3. Natural Peanut Butter
5.3.4. Reduced Fat Peanut Butter
5.3.5. Smooth Peanut Butter
5.3.6. Honey Roasted Peanut Butter
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Peanut Butter Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Peanut Butter Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Peanut Butter Demand Share Forecast, 2019-2026
7. North America Peanut Butter Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Peanut Butter Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Peanut Butter Market Size and Volume Forecast by Types
7.4.1. Creamy Peanut Butter
7.4.2. Crunchy Peanut Butter
7.4.3. Natural Peanut Butter
7.4.4. Reduced Fat Peanut Butter
7.4.5. Smooth Peanut Butter
7.4.6. Honey Roasted Peanut Butter
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Peanut Butter Demand Share Forecast, 2019-2026
8. Latin America Peanut Butter Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Peanut Butter Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Peanut Butter Market Size and Volume Forecast by Types
8.4.1. Creamy Peanut Butter
8.4.2. Crunchy Peanut Butter
8.4.3. Natural Peanut Butter
8.4.4. Reduced Fat Peanut Butter
8.4.5. Smooth Peanut Butter
8.4.6. Honey Roasted Peanut Butter
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Peanut Butter Demand Share Forecast, 2019-2026
9. Europe 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
9.1.3. Europe Average Pricing Analysis
9.2. Europe Peanut Butter Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Peanut Butter Market Size and Volume Forecast by Types
9.4.1. Creamy Peanut Butter
9.4.2. Crunchy Peanut Butter
9.4.3. Natural Peanut Butter
9.4.4. Reduced Fat Peanut Butter
9.4.5. Smooth Peanut Butter
9.4.6. Honey Roasted Peanut Butter
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Peanut Butter Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Peanut Butter Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Peanut Butter Market Size and Volume Forecast by Types
10.4.1. Creamy Peanut Butter
10.4.2. Crunchy Peanut Butter
10.4.3. Natural Peanut Butter
10.4.4. Reduced Fat Peanut Butter
10.4.5. Smooth Peanut Butter
10.4.6. Honey Roasted Peanut Butter
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Peanut Butter Demand Share Forecast, 2019-2026
11. Middle East & Africa 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. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Peanut Butter Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Peanut Butter Market Size and Volume Forecast by Types
11.4.1. Creamy Peanut Butter
11.4.2. Crunchy Peanut Butter
11.4.3. Natural Peanut Butter
11.4.4. Reduced Fat Peanut Butter
11.4.5. Smooth Peanut Butter
11.4.6. Honey Roasted Peanut Butter
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Peanut Butter Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Peanut Butter Market: Market Share Analysis
12.2. Peanut Butter Distributors and Customers
12.3. Peanut Butter Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Hormel Foods Corporation
12.4.2. ConAgra Food Inc.
12.4.3. J.M. Smucker Company
12.4.4. Sonya Foods
12.4.5. Algood Food Co.
12.4.6. Dr. Oetker India Pvt. Ltd.
12.4.7. Kraft Foods
12.4.8. Uni
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 Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Peanut Butter Market Size and Volume Forecast by Types
5.3.1. Creamy Peanut Butter
5.3.2. Crunchy Peanut Butter
5.3.3. Natural Peanut Butter
5.3.4. Reduced Fat Peanut Butter
5.3.5. Smooth Peanut Butter
5.3.6. Honey Roasted Peanut Butter
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Peanut Butter Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Peanut Butter Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Peanut Butter Demand Share Forecast, 2019-2026
7. North America Peanut Butter Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Peanut Butter Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Peanut Butter Market Size and Volume Forecast by Types
7.4.1. Creamy Peanut Butter
7.4.2. Crunchy Peanut Butter
7.4.3. Natural Peanut Butter
7.4.4. Reduced Fat Peanut Butter
7.4.5. Smooth Peanut Butter
7.4.6. Honey Roasted Peanut Butter
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Peanut Butter Demand Share Forecast, 2019-2026
8. Latin America Peanut Butter Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Peanut Butter Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Peanut Butter Market Size and Volume Forecast by Types
8.4.1. Creamy Peanut Butter
8.4.2. Crunchy Peanut Butter
8.4.3. Natural Peanut Butter
8.4.4. Reduced Fat Peanut Butter
8.4.5. Smooth Peanut Butter
8.4.6. Honey Roasted Peanut Butter
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Peanut Butter Demand Share Forecast, 2019-2026
9. Europe 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
9.1.3. Europe Average Pricing Analysis
9.2. Europe Peanut Butter Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Peanut Butter Market Size and Volume Forecast by Types
9.4.1. Creamy Peanut Butter
9.4.2. Crunchy Peanut Butter
9.4.3. Natural Peanut Butter
9.4.4. Reduced Fat Peanut Butter
9.4.5. Smooth Peanut Butter
9.4.6. Honey Roasted Peanut Butter
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Peanut Butter Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Peanut Butter Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Peanut Butter Market Size and Volume Forecast by Types
10.4.1. Creamy Peanut Butter
10.4.2. Crunchy Peanut Butter
10.4.3. Natural Peanut Butter
10.4.4. Reduced Fat Peanut Butter
10.4.5. Smooth Peanut Butter
10.4.6. Honey Roasted Peanut Butter
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Peanut Butter Demand Share Forecast, 2019-2026
11. Middle East & Africa 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. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Peanut Butter Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Peanut Butter Market Size and Volume Forecast by Types
11.4.1. Creamy Peanut Butter
11.4.2. Crunchy Peanut Butter
11.4.3. Natural Peanut Butter
11.4.4. Reduced Fat Peanut Butter
11.4.5. Smooth Peanut Butter
11.4.6. Honey Roasted Peanut Butter
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Peanut Butter Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Peanut Butter Market: Market Share Analysis
12.2. Peanut Butter Distributors and Customers
12.3. Peanut Butter Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Hormel Foods Corporation
12.4.2. ConAgra Food Inc.
12.4.3. J.M. Smucker Company
12.4.4. Sonya Foods
12.4.5. Algood Food Co.
12.4.6. Dr. Oetker India Pvt. Ltd.
12.4.7. Kraft Foods
12.4.8. Uni
By Types
- Creamy Peanut Butter
- Crunchy Peanut Butter
- Natural Peanut Butter
- Reduced Fat Peanut Butter
- Smooth Peanut Butter
- Honey Roasted Peanut Butter
By Distribution Channels
- Convenience Stores
- Online Stores
- Supermarkets/Hypermarkets
- Others
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
- Hormel Foods Corporation
- ConAgra Food Inc.
- J.M. Smucker Company
- Sonya Foods
- Algood Food Co.
- Dr. Oetker India Pvt. Ltd.
- Kraft Foods
- Unilever
Key players in the global peanut butter market are Hormel Foods Corporation, ConAgra Food Inc., J.M. Smucker Company, Sonya Foods, Algood Food Co., Dr. Oetker India Pvt. Ltd., Kraft Foods, and Unilever. These players have actively engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to strengthen their geographical presence and expand their customer base globally.
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