Asia Pacific Peanut Butter Market Size, Share & Trends Analysis Report By Type (Crunchy, Creamy, and Other), By Distribution Channel (Offline, and Online), By Country and Growth Forecast, 2024

Description

List of Tables

The Asia Pacific Peanut Butter Market would witness market growth of 7.5% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 1558.7 hundred Tonnes, showcasing a growth of 3.0% (2020-2023).

Offline distribution channels offer consumers the convenience of immediate access to products, allowing them to browse, compare, and make purchases in-person. Additionally, these channels facilitate tactile experiences, enabling consumers to inspect product quality and packaging before making a purchase decision, which can significantly influence buying behavior. Therefore, the India market utilized 192.50 hundred Tonnes of peanut butter from offline distribution channel in 2023.

The China market dominated the Asia Pacific Peanut Butter Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $651.5 Million by 2031. The Japan market is registering a CAGR of 7.8% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 7.1% during (2024 - 2031).

In savory cuisine, peanut butter adds depth and richness to sauces, marinades, and dressings, enhancing the flavor profiles of satay, curries, and stir-fries. Its umami-rich taste pairs well with soy sauce, ginger, garlic, and chili peppers, creating complex and satisfying flavor combinations. In sweet treats, peanut butter takes center stage in various indulgent desserts, including cookies, brownies, cakes, and pies. Its creamy texture and nutty flavor complement a wide range of ingredients, from chocolate and caramel to fruits and spices, resulting in irresistible confections that satisfy the sweet tooth of peanut butter enthusiasts.

Furthermore, beyond traditional applications, peanut butter also finds innovative uses in the culinary, appearing in unconventional dishes such as smoothie bowls, energy bars, salad dressings, and even savory cocktails. Its versatility and adaptability make it a versatile ingredient for chefs and home cooks alike, inspiring creativity and experimentation in the kitchen.

With increasing health consciousness and awareness of the importance of nutrition, there is a growing preference among Indian consumers for healthy and nutritious snack options. Peanut butter, with its high protein content, heart-healthy fats, and essential nutrients, is perceived as a healthier alternative to traditional snack foods. Hence, the growing snack food and food & beverage sectors in Asia Pacific are expected to boost the demand for peanut butter in the region.

Based on Type, the market is segmented into Crunchy, Creamy, and Other. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

The Procter & Gamble Company
Unilever PLC
Hormel Foods Corporation (MegaMex Foods, LLC)
The Kraft Heinz Company
Associated British Foods PLC (Wittington Investments Limited)
The Hershey Company
Mars, Inc.
Dr. August Oetker KG
The J.M Smucker Company
Algood Food Company (Bowman Andros Products, LLC)

Asia Pacific Peanut Butter Market Report Segmentation

By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)

Crunchy
Creamy
Other

By Distribution Channel (Volume, Hundred Tonnes, USD Billion, 2020-2031)

Offline
Online

By Country (Volume, Hundred Tonnes, USD Billion, 2020-2031)

China
Japan
India
South Korea
Australia
Malaysia
Rest of Asia Pacific

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1Asia Pacific Peanut Butter Market, by Type
- 1.4.2Asia Pacific Peanut Butter Market, by Distribution Channel
- 1.4.3Asia Pacific Peanut Butter Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter's Five Forces Analysis

Chapter 4.Recent Strategies Deployed in Peanut Butter Market

Chapter 5.Asia Pacific Peanut Butter Market by Type

5.1Asia Pacific Crunchy Market by Country
5.2Asia Pacific Creamy Market by Country
5.3Asia Pacific Other Market by Country

Chapter 6.Asia Pacific Peanut Butter Market by Distribution Channel

6.1Asia Pacific Offline Market by Country
6.2Asia Pacific Online Market by Country

Chapter 7.Asia Pacific Peanut Butter Market by Country

7.1China Peanut Butter Market
- 7.1.1China Peanut Butter Market by Type
- 7.1.2China Peanut Butter Market by Distribution Channel
7.2Japan Peanut Butter Market
- 7.2.1Japan Peanut Butter Market by Type
- 7.2.2Japan Peanut Butter Market by Distribution Channel
7.3India Peanut Butter Market
- 7.3.1India Peanut Butter Market by Type
- 7.3.2India Peanut Butter Market by Distribution Channel
7.4South Korea Peanut Butter Market
- 7.4.1South Korea Peanut Butter Market by Type
- 7.4.2South Korea Peanut Butter Market by Distribution Channel
7.5Australia Peanut Butter Market
- 7.5.1Australia Peanut Butter Market by Type
- 7.5.2Australia Peanut Butter Market by Distribution Channel
7.6Malaysia Peanut Butter Market
- 7.6.1Malaysia Peanut Butter Market by Type
- 7.6.2Malaysia Peanut Butter Market by Distribution Channel
7.7Rest of Asia Pacific Peanut Butter Market
- 7.7.1Rest of Asia Pacific Peanut Butter Market by Type
- 7.7.2Rest of Asia Pacific Peanut Butter Market by Distribution Channel

Chapter 8.Company Profiles

8.1The Procter & Gamble Company
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Segmental and Regional Analysis
- 8.1.4Research & Development Expense
- 8.1.5SWOT Analysis
8.2Unilever PLC
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental and Regional Analysis
- 8.2.4Research & Development Expense
- 8.2.5Recent strategies and developments:
  - 8.2.5.1Product Launches and Product Expansions:
- 8.2.6SWOT Analysis
8.3Hormel Foods Corporation (MegaMex Foods, LLC)
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expenses
- 8.3.5Recent strategies and developments:
  - 8.3.5.1Partnerships, Collaborations, and Agreements:
  - 8.3.5.2Acquisition and Mergers:
- 8.3.6SWOT Analysis
8.4The Kraft Heinz Company
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Regional Analysis
- 8.4.4Research & Development Expense
- 8.4.5SWOT Analysis
8.5Associated British Foods PLC (Wittington Investments Limited)
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Segmental and Regional Analysis
- 8.5.4Research & Development Expense
- 8.5.5SWOT Analysis
8.6The Hershey Company
- 8.6.1Company overview
- 8.6.2Financial Analysis
- 8.6.3Segmental and Regional Analysis
- 8.6.4Recent strategies and developments:
  - 8.6.4.1Partnerships, Collaborations, and Agreements:
  - 8.6.4.2Product Launches and Product Expansions:
  - 8.6.4.3Acquisition and Mergers:
  - 8.6.4.4Geographical Expansions:
- 8.6.5SWOT Analysis
8.7Mars, Inc.
- 8.7.1Company Overview
- 8.7.2Recent strategies and developments:
  - 8.7.2.1Product Launches and Product Expansions:
- 8.7.3SWOT Analysis
8.8Dr. August Oetker KG
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3Segmental and Regional Analysis
- 8.8.4SWOT Analysis
8.9The J.M Smucker Company
- 8.9.1Company Overview
- 8.9.2Financial Analysis
- 8.9.3Segmental and Regional Analysis
- 8.9.4Research & Development Expenses
- 8.9.5Recent strategies and developments:
  - 8.9.5.1Product Launches and Product Expansions:
  - 8.9.5.2Acquisition and Mergers:
- 8.9.6SWOT Analysis
8.10.Algood Food Company (Bowman Andros Products, LLC)
- 8.10.1Company Overview
- 8.10.2SWOT Analysis

LIST OF TABLES

TABLE 1Asia Pacific Peanut Butter Market, 2020 - 2023, USD Million
TABLE 2Asia Pacific Peanut Butter Market, 2024 - 2031, USD Million
TABLE 3Asia Pacific Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 4Asia Pacific Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 5Asia Pacific Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 6Asia Pacific Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 7Asia Pacific Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 8Asia Pacific Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 9Asia Pacific Crunchy Market by Country, 2020 - 2023, USD Million
TABLE 10Asia Pacific Crunchy Market by Country, 2024 - 2031, USD Million
TABLE 11Asia Pacific Crunchy Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 12Asia Pacific Crunchy Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 13Asia Pacific Creamy Market by Country, 2020 - 2023, USD Million
TABLE 14Asia Pacific Creamy Market by Country, 2024 - 2031, USD Million
TABLE 15Asia Pacific Creamy Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 16Asia Pacific Creamy Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 17Asia Pacific Other Market by Country, 2020 - 2023, USD Million
TABLE 18Asia Pacific Other Market by Country, 2024 - 2031, USD Million
TABLE 19Asia Pacific Other Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 20Asia Pacific Other Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 21Asia Pacific Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 22Asia Pacific Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 23Asia Pacific Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 24Asia Pacific Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 25Asia Pacific Offline Market by Country, 2020 - 2023, USD Million
TABLE 26Asia Pacific Offline Market by Country, 2024 - 2031, USD Million
TABLE 27Asia Pacific Offline Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 28Asia Pacific Offline Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 29Asia Pacific Online Market by Country, 2020 - 2023, USD Million
TABLE 30Asia Pacific Online Market by Country, 2024 - 2031, USD Million
TABLE 31Asia Pacific Online Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 32Asia Pacific Online Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 33Asia Pacific Peanut Butter Market by Country, 2020 - 2023, USD Million
TABLE 34Asia Pacific Peanut Butter Market by Country, 2024 - 2031, USD Million
TABLE 35Asia Pacific Peanut Butter Market by Country, 2020 - 2023, Hundred Tonnes
TABLE 36Asia Pacific Peanut Butter Market by Country, 2024 - 2031, Hundred Tonnes
TABLE 37China Peanut Butter Market, 2020 - 2023, USD Million
TABLE 38China Peanut Butter Market, 2024 - 2031, USD Million
TABLE 39China Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 40China Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 41China Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 42China Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 43China Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 44China Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 45China Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 46China Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 47China Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 48China Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 49Japan Peanut Butter Market, 2020 - 2023, USD Million
TABLE 50Japan Peanut Butter Market, 2024 - 2031, USD Million
TABLE 51Japan Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 52Japan Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 53Japan Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 54Japan Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 55Japan Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 56Japan Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 57Japan Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 58Japan Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 59Japan Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 60Japan Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 61India Peanut Butter Market, 2020 - 2023, USD Million
TABLE 62India Peanut Butter Market, 2024 - 2031, USD Million
TABLE 63India Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 64India Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 65India Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 66India Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 67India Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 68India Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 69India Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 70India Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 71India Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 72India Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 73South Korea Peanut Butter Market, 2020 - 2023, USD Million
TABLE 74South Korea Peanut Butter Market, 2024 - 2031, USD Million
TABLE 75South Korea Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 76South Korea Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 77South Korea Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 78South Korea Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 79South Korea Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 80South Korea Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 81South Korea Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 82South Korea Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 83South Korea Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 84South Korea Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 85Australia Peanut Butter Market, 2020 - 2023, USD Million
TABLE 86Australia Peanut Butter Market, 2024 - 2031, USD Million
TABLE 87Australia Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 88Australia Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 89Australia Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 90Australia Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 91Australia Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 92Australia Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 93Australia Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 94Australia Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 95Australia Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 96Australia Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 97Malaysia Peanut Butter Market, 2020 - 2023, USD Million
TABLE 98Malaysia Peanut Butter Market, 2024 - 2031, USD Million
TABLE 99Malaysia Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 100Malaysia Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 101Malaysia Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 102Malaysia Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 103Malaysia Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 104Malaysia Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 105Malaysia Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 106Malaysia Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 107Malaysia Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 108Malaysia Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 109Rest of Asia Pacific Peanut Butter Market, 2020 - 2023, USD Million
TABLE 110Rest of Asia Pacific Peanut Butter Market, 2024 - 2031, USD Million
TABLE 111Rest of Asia Pacific Peanut Butter Market, 2020 - 2023, Hundred Tonnes
TABLE 112Rest of Asia Pacific Peanut Butter Market, 2024 - 2031, Hundred Tonnes
TABLE 113Rest of Asia Pacific Peanut Butter Market by Type, 2020 - 2023, USD Million
TABLE 114Rest of Asia Pacific Peanut Butter Market by Type, 2024 - 2031, USD Million
TABLE 115Rest of Asia Pacific Peanut Butter Market by Type, 2020 - 2023, Hundred Tonnes
TABLE 116Rest of Asia Pacific Peanut Butter Market by Type, 2024 - 2031, Hundred Tonnes
TABLE 117Rest of Asia Pacific Peanut Butter Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 118Rest of Asia Pacific Peanut Butter Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 119Rest of Asia Pacific Peanut Butter Market by Distribution Channel, 2020 - 2023, Hundred Tonnes
TABLE 120Rest of Asia Pacific Peanut Butter Market by Distribution Channel, 2024 - 2031, Hundred Tonnes
TABLE 121Key Information - The Procter & Gamble Company
TABLE 122Key Information - Unilever PLC
TABLE 123Key Information - Hormel Foods Corporation
TABLE 124Key Information - The Kraft Heinz Company
TABLE 125Key Information - Associated British Foods PLC
TABLE 126Key Information -The Hershey Company
TABLE 127key information - Mars, Inc.
TABLE 128Key Information - Dr. August Oetker KG
TABLE 129Key Information - The J.M Smucker Company
TABLE 130Key Information - Algood Food Company

Asia Pacific Peanut Butter Market Size, Share & Trends Analysis Report By Type (Crunchy, Creamy, and Other), By Distribution Channel (Offline, and Online), By Country and Growth Forecast, 2024 - 2031