Peanut Butter Market Size, Share, Industry Insights, Key Players, Latest Trends and Forecast 2023-2028

According to IMARC Group’s latest report, titled “Peanut Butter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global peanut butter market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2022

Historical Period: 2017-2022

Forecast Period: 2023-2028

Peanut Butter Market Overview:

Peanut butter is the creamy and ground form of peanuts, which is created by crushing and dry-roasting peanuts. It is among the most popular and energy-dense food spreads generally sold as a milk butter alternative. It also includes protein, unsaturated fats, fiber, and a range of minerals including zinc, magnesium, vitamin E, and potassium. Moreover, it is also used in the preparation of various food products, including brownies, rolls, cakes, and chocolates.

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Peanut Butter Market Trends:

Significant expansion in the food and beverage industry, along with the extensive application of the peanut butter across the industry represents one of the key factors driving the market growth. Rising health consciousness is also acting as a major growth-inducing factor. This can be attributed to the increasing preference of peanut butter over other sweetened spreads, such as jam, which is facilitating the product sales across the globe, thus creating a positive outlook for the market. Other factors, such as rising disposable income in emerging economies, rapid urbanization, and aggressive promotional activities by key players, are contributing to the market growth. The market is also being driven by the launch of the product variants with more nutritional content and less saturated fats and sugar.

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Peanut Butter Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the peanut butter market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the global peanut butter market on the basis of product type, distribution channel and region.

Breakup by Product Type:

  • Smooth Peanut Butter
  • Crunchy Peanut Butter
  • Others

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others

Breakup by Region:

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
  • Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

          If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

          About Us

          IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

          IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

          Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

          Media Contact:
          Company Name: IMARC Group
          Contact Person: Elena Anderson
          Email: sales@imarcgroup.com
          Phone: +1-631-791-1145
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          City: Sheridan
          State: WY
          Country: United States
          Website:  https://www.imarcgroup.com/

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