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North America Nut Based Spreads Market By Product Type (Nut Based Spreads Milk, Yogurt Smoothies) And By Country (US, Canada and Rest of North America) - Growth, Size, Share, Trends, and Forecasts (2022 to 2027)

Published: January, 2022
ID: 3598
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Nut Based Spreads Market Growth and Forecast (2022 - 2027):

The North America Nut Based Spreads Market was worth USD 2.25 billion in 2021 and estimated to be growing at a CAGR of 7.50%, to reach USD 3.23 billion by 2026.

Market Overview:

Peanut butter has led the way for other nut-based spreads like almond, cashew, macadamia nut, coconut and walnut to enter the industry and offer a wider variety of spreads for consumers.

Around 7.7% of consumers have switched from jam to peanut butter. The nut spread sales is largely dependent on the sales of bread. Peanut butter and chocolate spreads are displacing jam and marmalade as the most popular breakfast spreads.

Drivers:

The North America Nut Based Spreads market is driven by factors including the rising consumer preference to replace jams by nut based spreads. The rising health consciousness among consumers has further given way to low calorie spreads. The latest trend of food spreads becoming an integral part of every breakfast has led to a steady growth of the market.

North America Nut Based Spreads Market Segmentation Analysis:

The North America Nut Based Spreads market is segmented on the basis of product type and by region. On the basis of product type, the market is segmented into peanut based spreads, almond based spreads, walnut based spreads, cashews based spreads and others.

Region Analysis:

Geographically the North America Nut Based Spreads Market is segmented into US, Canada and Rest of North America. The North America market has been geographically segmented into segmented into US and Canada. The North American region holds the major stake in the aggregate income of Global Nut Based Spreads market in 2016 because of noteworthy growth in consumption, brought about by established distribution channels.

Key Players in the Market:

Major Key Players in the North America Nut Based Spreads Market are

  • J.M. Smucker
  • Kraft Foods
  • Unilever Group
  • ConAgra foods Inc
  • Sioux Honey Association
  • B & G Foods
  • Ferrero Group
  • Nestle
  • Hershey Co
  • Welch Foods Inc

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