PUBLISHER: Value Market Research | PRODUCT CODE: 1547849
PUBLISHER: Value Market Research | PRODUCT CODE: 1547849
The global demand for Peanut Butter Market is presumed to reach the market size of nearly USD 14.08 Billion by 2032 from USD 7.5 Billion in 2023 with a CAGR of 7.25% under the study period 2024-2032.
Peanut butter is one of the most widespread and consumed food spread and is prepared by dry roasted peanuts. It is a low calories product with high content nutrients. It is rich in unsaturated lipid, protein, fibre, and many micronutrients, such as vitamin E, folate, potassium, magnesium, and zinc. Peanut butter is used as a spread on bread, toast, or crackers, and used to make sandwiches. Peanut butter finds application in several end-user sectors such as bakery, savory and sauces, smoothies, and many more. The appealing flavor, convenience of use, and excellent shelf life of peanut butter contribute significantly to its popularity.
The market is predominantly driven by growing health awareness and the inclination of consumers towards low-calorie healthy diets. The growing consumer population with weight diseases or rising obesity prevalence and increasing disposable income in developed and developing economies are major factors expected to encourage market growth. Moreover, a variety of flavors, new blends, and growing preferences for nutritious products are the factors that boost the sales of the product. Further, the accelerating demand for convenience food and ready-to-eat meals propels the industry's growth globally.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Peanut Butter. The growth and trends of Peanut Butter industry provide a holistic approach to this study.
This section of the Peanut Butter market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Peanut Butter market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Peanut Butter market include J.M. Smucker Company, Kellogg Company, Conagra Brands Inc., Hormel Foods Corporation, Kraft Foods, Mars Inc., Oetker Group, The Hershey Company, Unilever Plc, Associated British Foods Plc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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