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Peanut Butter Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Peanut Butter Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Peanut Butter Market by Type (Creamy, Crunchy/Chunky, Old Fashioned/Natural, Reduced Fat, Honey Roasted),  by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Stores, Others), and by Geography

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Report

Description

Peanut Butter Market will be valued at USD 6.2 billion in 2021. It is expected to reach a value of USD 10.2 billion by 2028, growing at a CAGR of 7.3% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the Peanut Butter 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.

 

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

MARKET SUMMARY
-
7.3% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 7.3%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Peanut Butter Market

  • The global peanut butter market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA).
  • The report gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application, end user and geographic regions.
Key Players
  • 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
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.

North-America Got Significant Share

Peanut Butter Market

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • 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 startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Peanut Butter Market Segmentation

segmentation-block-image

by Type

    • Creamy,
    • Crunchy/Chunky,
    • Old Fashioned/Natural,
    • Reduced Fat,
    • Honey Roasted
segmentation-block-image

by Distribution Chan

    •  Supermarkets/Hypermarkets,
    • Convenience Stores,
    • Online Stores,
    • Others
Location

GEOGRAPHY

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.

Report

Table Of Content

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, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
5.1. Creamy
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
6.1. Supermarkets/Hypermarkets
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
7.1. North America
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2022 – 2028
8. North America Peanut Butter Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
8.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
8.5. North America Peanut Butter Market Dynamics – Trends
9. Europe Peanut Butter Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
9.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
9.5. Europe Peanut Butter Market Dynamics – Trends
10. Asia-Pacific Peanut Butter Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
10.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
10.5. Asia-Pacific Peanut Butter Market Dynamics – Trends
11. Latin America Peanut Butter Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
11.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
11.5. Latin America Peanut Butter Market Dynamics – Trends
12. Middle East and Africa Peanut Butter Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
12.1. Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2022 – 2028
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
Report

Company Profile

  • 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

Description

Peanut Butter Market will be valued at USD 6.2 billion in 2021. It is expected to reach a value of USD 10.2 billion by 2028, growing at a CAGR of 7.3% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the Peanut Butter 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.

 

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).

 

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