Asia Pacific Peanut Butter Market Overview:
Asia Pacific Peanut Butter Market was worth USD 760 million in 2021 and estimated to be growing at a CAGR of 11.76%, to reach USD 1320 million by 2026. Peanut Butter is a food paste or spread which is made from ground dry roasted peanuts. It often contains additional ingredients which modify the texture or taste, such as sweeteners, salt or emulsifiers. Peanut butter is popular in many countries around the world.
Peanut butter is served as a spread on toast, bread or crackers, and used in making sandwiches notably the peanut butter and jelly sandwich. It is also used in numerous confections and packaged foods, such as Reese's Peanut Butter Cups which is made of chocolate-coated peanut butter, candy bars which are made from peanut butter-flavoured snickers and peanut-flavoured granola bars. Comparable preparations are made by grinding other nuts. A variety of other nut butters are also sold, such as almond butter and cashew butter.
Asia Pacific Peanut Butter Market Analysis:
The driving factors of Asia Pacific Peanut Butter market are growing demand for nutritious products coupled with increasing disposable income of consumers particularly in developing countries. Other drivers that are driving growth of peanut butter market are emergence of hectic life schedule and growing demand for low calorie healthy food. Changing lifestyle and shift towards the intake of convenient food are also some factors which are expected to drive the peanut butter market in the forecast period. Major constraint that is expected to hinder the growth of the peanut butter market is the availability of peanut at competitive prices coupled with fluctuating peanut production.
Detailed Segmentation of the market:
The Asia Pacific Peanut Butter market is segmented on the basis of product type and distribution channel. On the basis of product type, peanut butter market is segmented into plain, regular, low sodium and low sugar. Among the segments of this market, regular peanut butter holds the largest share which is followed by other segments. Low sodium peanut butter is expected to have fastest growth in the forecast period. On the basis of distribution channel, the market is divided into hypermarkets, supermarkets, retailers and others. In the above segment, supermarket segment is expected to have the largest share which is followed by hypermarkets and retailers.
The Asia Pacific Peanut Butter market is divided based on geography into India, China, Japan, Australia and other parts of the region. Asia Pacific region has the third largest market for peanut butter in the world by share. It is expected to grow the fastest in the world, owing to emerging economies such as India and China and growing population in the region. Factors such as growing demand for healthy foods and changing lifestyles are expected to drive the market growth in the region.
Prominent Key Players:
Some of the major players in the market are Procter & Gamble, Unilever, The J.M. Smucker Company, Hormel Foods Corporation, Boulder Brands Inc., Kraft Canada Inc., Algood Food Company Inc.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product Type
5.1.1 Plain
5.1.2 Regular
5.1.3 Low Sodium
5.1.4 Low Sugar
5.1.5 Y-o-Y Growth Analysis, By Product Type
5.1.6 Market Attractiveness Analysis, By Product Type
5.1.7 Market Share Analysis, By Product Type
5.2 Distribution Channel
5.2.1 Hypermarkets
5.2.2 Supermarkets
5.2.3 Retailers
5.2.4 Other Distribution Channels
5.2.5 Y-o-Y Growth Analysis, By Distribution Channel
5.2.6 Market Attractiveness Analysis, By Distribution Channel
5.2.7 Market Share Analysis, By Distribution Channel
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Product Type
6.1.3.2 By Distribution Channel
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Product Type
6.1.4.2 By Distribution Channel
6.1.5 Market Share Analysis
6.1.5.1 By Product Type
6.1.5.2 By Distribution Channel
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Procter & Gamble
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Unilever
8.3 The J.M. Smucker Company
8.4 Hormel Foods Corporation
8.5 Boulder Brands Inc.
8.6 Kraft Canada Inc.
8.7 Algood Food Company Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Apr 2021
