- Creamy,
- Crunchy/Chunky,
- Old Fashioned/Natural,
- Reduced Fat,
- Honey Roasted
Peanut Butter Market size was valued at USD 7.2 billion in 2023. It is expected to reach a value of USD 11.4 billion by 2029, growing at a CAGR of 7.3% from 2024-2030. The global market provides a detailed overview of the market, which has been segmented by type, and distribution channel. By type, the peanut butter market has been segmented into Creamy, Crunchy/Chunky, Old Fashioned/Natural, Reduced Fat, and Honey Roasted. The crunchy/chunky segment is likely the most significant and fastest-growing in terms of type. Based on the distribution channel, peanut butter is segmented into Supermarkets/Hypermarkets, Convenience Stores, Online Stores, and Others. According to precision business insights, the supermarkets/hypermarkets segment is predicted to register the fastest growth rate during the forecast period.
Peanut Butter Market Key Developments:
In September 2021, Chobani entered into the peanut butter aisle with Chobani Ends Child Hunger Peanut Butter flavored nutrient spreads in a historic partnership with Edesia Nutrition. Chobani is a non-profit organization dedicated to ending childhood hunger. A specific line of Peanut Butter Flavored Nutrient Spreads is available for newborns. It's designed to lessen the risk of choking connected with the American Academy of Pediatrics recommendation for early peanut introduction (AAP).
Peanut Butter Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
7.3%
Largest Market
North America
Fastest Growing Market
North America
Peanut Butter Market Dynamics
The demand for peanut butter is developing globally due to the rising trend of health consciousness and increased demand for high protein food products among young people and millennials.
Key Features of the Reports
- The peanut butter market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Peanut Butter Market Segmentation
By Type
By Distribution Channel
- Supermarkets/Hypermarkets,
- Convenience Stores,
- Online Stores,
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The peanut butter market is projected to expand at a CAGR of 7.3% during the forecast period.
The major players in the global peanut butter market are Procter & Gamble, Unilever, The J.M. Smucker Company, Hormel Foods Corporation, Boulder Brands Inc., Kraft Canada Inc., Algood Food Company Inc., Hershey’s, ConAgra Foods Inc., and Galdisa.
The North American market is expected to witness the largest market share during the forecast period.
| 1. Executive Summary |
| 2. Global Peanut Butter Market Introduction |
| 2.1. Global Peanut Butter Market Taxonomy |
| 2.2. Global Peanut Butter Market Definitions |
| 2.2.1. By Type |
| 2.2.2. By Distribution Channel |
| 2.2.3. By Region |
| 3. Global Peanut Butter Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Peanut Butter Market Dynamic Factors - Impact Analysis |
| 3.6. Global Peanut Butter Market Competition Landscape |
| 4. Global Peanut Butter Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Peanut Butter Market, By Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Creamy |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Crunchy/Chunky |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Old Fashioned/Natural |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Reduced Fat |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Honey Roasted |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Peanut Butter Market, By Distribution Channel, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Supermarkets/Hypermarkets |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Convenience Stores |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Online Stores |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Peanut Butter Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Peanut Butter Market - Opportunity Analysis Index, By Type, Distribution Channel, and Region, 2024 - 2030 |
| 8. North America Peanut Butter Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Creamy |
| 8.1.2. Crunchy/Chunky |
| 8.1.3. Old Fashioned/Natural |
| 8.1.4. Reduced Fat |
| 8.1.5. Honey Roasted |
| 8.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Supermarkets/Hypermarkets |
| 8.2.2. Convenience Stores |
| 8.2.3. Online Stores |
| 8.2.4. Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Peanut Butter Market - Opportunity Analysis Index, By Type, Distribution Channel, and Country, 2024 - 2030 |
| 8.5. North America Peanut Butter Market Dynamics Trends |
| 9. Europe Peanut Butter Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Creamy |
| 9.1.2. Crunchy/Chunky |
| 9.1.3. Old Fashioned/Natural |
| 9.1.4. Reduced Fat |
| 9.1.5. Honey Roasted |
| 9.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Supermarkets/Hypermarkets |
| 9.2.2. Convenience Stores |
| 9.2.3. Online Stores |
| 9.2.4. Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Rest of Europe |
| 9.4. Europe Peanut Butter Market - Opportunity Analysis Index, By Type, Distribution Channel, and Country, 2024 - 2030 |
| 9.5. Europe Peanut Butter Market Dynamics Trends |
| 10. Asia-Pacific Peanut Butter Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Creamy |
| 10.1.2. Crunchy/Chunky |
| 10.1.3. Old Fashioned/Natural |
| 10.1.4. Reduced Fat |
| 10.1.5. Honey Roasted |
| 10.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Supermarkets/Hypermarkets |
| 10.2.2. Convenience Stores |
| 10.2.3. Online Stores |
| 10.2.4. Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Peanut Butter Market - Opportunity Analysis Index, By Type, Distribution Channel, and Country, 2024 - 2030 |
| 10.5. Asia-Pacific Peanut Butter Market Dynamics Trends |
| 11. Latin America Peanut Butter Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Creamy |
| 11.1.2. Crunchy/Chunky |
| 11.1.3. Old Fashioned/Natural |
| 11.1.4. Reduced Fat |
| 11.1.5. Honey Roasted |
| 11.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Supermarkets/Hypermarkets |
| 11.2.2. Convenience Stores |
| 11.2.3. Online Stores |
| 11.2.4. Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Peanut Butter Market - Opportunity Analysis Index, By Type, Distribution Channel, and Country, 2024 - 2030 |
| 11.5. Latin America Peanut Butter Market Dynamics Trends |
| 12. Middle East and Africa Peanut Butter Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Creamy |
| 12.1.2. Crunchy/Chunky |
| 12.1.3. Old Fashioned/Natural |
| 12.1.4. Reduced Fat |
| 12.1.5. Honey Roasted |
| 12.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Supermarkets/Hypermarkets |
| 12.2.2. Convenience Stores |
| 12.2.3. Online Stores |
| 12.2.4. Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Peanut Butter Market - Opportunity Analysis Index, By Type, Distribution Channel, and Country, 2024 - 2030 |
| 12.5. MEA Peanut Butter Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Type Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Procter & Gamble |
| 13.2.2. Unilever |
| 13.2.3. The J.M. Smucker Company |
| 13.2.4. Hormel Foods Corporation |
| 13.2.5. Boulder Brands Inc. |
| 13.2.6. Kraft Canada Inc. |
| 13.2.7. Algood Food Company Inc. |
| 13.2.8. Hersheys |
| 13.2.9. ConAgra Foods Inc. |
| 13.2.10. Galdisa |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- Procter & Gamble
- Unilever
- The J.M. Smucker Company
- Hormel Foods Corporation
- Boulder Brands Inc.
- Kraft Canada Inc.
- Algood Food Company Inc.
- Hersheys
- ConAgra Foods Inc.
- Galdisa