Peanut Butter Market, By Product Type (Regular Peanut Butter, Low Sodium Peanut Butter, Low Sugar Peanut Butter, and Others), By Distribution Channel (Hypermarket, Supermarket, Convenience Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2030

Report Code: PMI51019 | Publish Date: May 2024 | No. of Pages: 167

Global Peanut Butter Market By Overview

Peanut butter is food paste which is made from ground dry roasted peanuts. Peanut butter a low-calorie product with high protein content. Peanut butter is not only used in various types of breakfast dishes but also in sweets. This includes pastries, sandwiches, chocolate bars, and ice-creams. Peanut butter has high nutritional value since it contains compounds such as vitamin-E, vitamin B6, magnesium, and potassium. It also assists to reduce risk of autoimmune and chronic diseases such as celiac disease, heart diseases, and diabetes. Salt and flavors or sweeteners are primarily added to the peanut butter, to change as well as enhance its taste. Peanut butter is widely consumed in confectioneries and bakeries in order to use in the products such as cakes, cookies, frosting, salads, salad dressing, cupcakes, pies, stuffed celery, muffins, and biscuits. Peanut Butter Market accounted for US$ 3.89 billion in 2020 and is estimated to be US$ 22.40 billion by 2030 and is anticipated to register a CAGR of 10.40%.

Global Peanut Butter Market By Dynamics

Rising demand for nutritious products

Rising demand for nutritious products and convenient food across the globe is major factor driving growth of the peanut butter market. In addition, increasing demand for low calorie healthy food owing to emergence of hectic life schedule is expected to propel growth of the peanut butter market in the near future.

Availability of variety of peanut product

Furthermore, availability of variety of peanut butter flavored cookies, shakes, and chocolates across the globe are anticipated to boost the peanut butter market over the forecast period. Moreover, growing awareness regarding consumption of peanut butter among the individuals in order to reduce risk of chronic disease such as Alzheimer's is expected to support growth of the peanut butter market over the forecast period. However, lack of awareness about health benefits of peanut butter in emerging economies could restrain growth of the peanut butter market in the near future.

Unstable production of peanut

Unstable production of peanut is another factor hampering growth of the peanut butter market.  Peanut butter is useful in moisturizing dry skin conditions owing to which they are used in the cosmetic industry. This property of peanut butter can create lucrative growth opportunities for the key players operating in the peanut butter market.

Access Crucial Insights at a Fraction of the Cost | Request Your Discount

Global Peanut Butter Market By Segmentation

Peanut butter market on the basis of product type, distribution channel, and region.

On the basis of product type, the peanut butter market is segmented into regular peanut butter, low sodium peanut butter, low sugar peanut butter, and others. Other product type is sub segmented as natural, crunchy, and low fat. Regular peanut butter segment is expected to contribute major revenue share in the peanut butter market, this can be attributed to its cost effectiveness and increasing consumption of regular peanut butter across the globe. On the basis of distribution channel, the global market is categorized into hypermarket, supermarket, convenience stores, and others. Supermarkets segment is expected to contribute major revenue share in the peanut butter market, since it offers various snacks which uses peanut butter as a major ingredient.

Regional Insights:

For detailed understanding of market dynamics, the peanut butter market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market. The market in North America is expected to account for major revenue share in the peanut butter market, in 2019, followed by other regions. This is owing to availability of various brands of peanut butter in the countries in the region. In addition, high demand and consumption of peanut butter among individuals in the countries especially in the U.S. and Canada is supporting growth of the North America peanut butter market. Europe peanut butter market accounted for second-highest market share in the global market, due to increasing demand for low calorie food in the countries in the region. Asia Pacific is expected to register significant growth rate in terms of revenue, owing to growing demand for ready to eat food in emerging economies such as India and China over the forecast period.

Reduce costs by up to 30% with a custom report tailored to your specific needs | Request Customized Report

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Billion & CAGR from 2020 – 2030

Market Segmentation

By Product Type- Regular Peanut Butter, Low Sodium Peanut Butter, Low Sugar Peanut Butter, and Others

By Distribution Channel- Hypermarket, Supermarket, Convenience Stores, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Detailed Segmentation:

Peanut Butter Market, By Region:

  • North America
    • Middle East & Africa
      • Middle East & Africa Peanut Butter Market, By Product Type
      • Middle East & Africa Peanut Butter Market, By Distribution Channel
      • Middle East & Africa Peanut Butter Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
      • Latin America Peanut Butter Market, By Product Type
      • Latin America Peanut Butter Market, By Distribution Channel
      • Latin America Peanut Butter Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
      • Asia Pacific Peanut Butter Market, By Product Type
      • Asia Pacific Peanut Butter Market, By Distribution Channel
      • Asia Pacific Peanut Butter Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • North America Peanut Butter Market, By Product Type
    • North America Peanut Butter Market, By Distribution Channel
    • North America Peanut Butter Market, By Country
      • Canada
      • Europe
    • Europe Peanut Butter Market, By Product Type
    • Europe Peanut Butter Market, By Distribution Channel
    • Europe Peanut Butter Market, By Country
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe

Global Peanut Butter Market By Key Players

Some of the prominent players operating in the peanut butter market include 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. Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the peanut butter market. In 2018, for instance, Unilever N.V. launched Jif PowerUps peanut butter snacks and Pup-Peroni jerky bites.

Global Peanut Butter Market By Company Profile

  • The Procter & Gamble Company
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
  • Unilever N.V.
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
  • The J.M. Smucker Company
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
  • Hormel Foods Corporation
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
  • Boulder Brands Inc.
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
  • Kraft Canada Inc.
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
  • Algood Food Company, Inc.
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
  • Monsanto Company
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
  • ConAgra Foods, Inc.
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
  • The Hershey Company
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance

Global Peanut Butter Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Product Type
    • Market Snippet, By Distribution Channel
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Product Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Regular Peanut Butter
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Low Sodium Peanut Butter
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Low Sugar Peanut Butter
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Distribution Channel, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Hypermarket 
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Supermarket
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Convenience Stores
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • The Procter & Gamble Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Unilever N.V.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The J.M. Smucker Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hormel Foods Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Boulder Brands Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kraft Canada Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Algood Food Company, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Monsanto Company.  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ConAgra Foods, Inc   
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The Hershey Company  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Peanut Butter Market report segments the market on the basis of product type, distribution channel and region.

Rising demand for nutritious products and convenient food across the globe is major factor driving growth of the global peanut butter market.

North America dominated the worldwide market of renewable methanol during the forecast year.

Some of the prominent players operating in the peanut butter market include 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.