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Pulished Date April, 2021
ID: 5903
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Peanut Butter Market By Product Type (Plain, Regular, Low Sodium And Low Sugar), By Distribution Channel (Hypermarkets, Supermarkets, Retailers And Other Distribution Channels) And By Region Global (Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2021-2026

Pulished: April, 2021
ID: 5903
Pages: 175

Peanut Butter Market Overview Analysis:

Peanut Butter Market was worth USD 3.43 billion in 2019 and estimated to be growing at a CAGR of 10.73%, to reach USD 5.71 billion by 2026. Peanut Butter is a food paste or spreads which is made from ground dry roasted peanuts. It often contains additional ingredients that 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-flavored snickers, and peanut-flavored granola bars. Comparable preparations are made by grinding other nuts. A variety of other nut butter are also sold, such as almond butter and cashew butter.

The driving factors of global 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.

Recent Developments

  1. Hormel Foods Corporation confirmed about its plans to purchase Justin's, LLC, a renowned company in nut butter snacks. Justin markets four lines of best-selling nut butter snacks: spreads, squeeze packets, peanut butter cups and sandwiches.
  2. Hormel Foods acquired the Skippy® peanut butter business, including related manufacturing facilities in Little Rock, Arkansas and Weifang, China, from Unilever United States Inc. for approximately $ 700 million. The Skippy® Household Peanut Butter Line consists of 11 varieties of non-perishable peanut butter products. The purchase of the Skippy® peanut butter business is likely to strengthen the balanced portfolio of Hormel Foods Corporation.
  3. Post Holdings Inc. has agreed to acquire American Blanching Co. for $ 128 million, in a move that expands Post's peanut butter operations. The St. Louis-based Post also said it suffered a tax loss in the third quarter for fees and expenses related to its recent round of acquisitions.
  4. Utz Brands, Inc. Expands the Savory Snack Game. The snack brand entered into an agreement with Conagra Brands to acquire specific assets of the H.K. peanut butter pretzel brand Anderson Business, "with a purchase price of less than $ 10 million," according to Business Wire. The acquisition does not include employees or facilities but does include intellectual property.

Market Drivers and Restraints:

Peanut butter is a high-quality food product with several nutritional benefits associated with its consumption. It is a good source of protein, fat, fiber, minerals, and vitamins. The vitamin E content of peanut butter is essential for correcting vision and muscle orientation. It also serves as an antioxidant, giving it the ability to fight diseases like cancer, inflammation of the joints, and many other diseases. Consumers are preferring health products with similar nutritional values compared to junk food, which is estimated to support the demand in the global peanut butter market over the conjecture period. Consumers around the world are now involved in strenuous activities, which often result in loss of energy. The need for high-energy foods like peanut butter is essential to help regain lost energy. When people are stressed after a busy and hectic day, they are eager to consume foods like ready meals that can be prepared in a short time. Therefore, this is estimated to generate an increase in the demand for peanut butter in the worldwide market. The main factors that can hamper the growth of the market for peanut butter are the increase in the price of the products and the occurrence of various allergies among some people with the intake of peanuts. There is competition between the main players in the industry in the price of products, which will affect the growth of the market.

Detailed Segmentation of the Peanut Butter Market:

The global 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, the supermarket segment is expected to have the largest share which is followed by hypermarkets and retailers.

Impact of COVID-19 on Peanut Butter Market

The anticipated economic crisis caused by nationwide lockdowns due to coronavirus has influenced the peanut butter market. The market faced a slight decline with the temporary shutdown of manufacturing units and supply chain disruptions. However, the peanut butter market is estimated to develop with a notable CAGR in the coming years, owing to the rising awareness of health benefits associated with this compared to traditional spreads.

Regional Analysis:

The global Peanut Butter market has been categorized by geography in the regions of North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa. North America is likely to dominate during the outlook period in terms of market revenue, with the United States as the growth engine in the area. The United States will have the largest contribution to total market income due to rising consumer disposable income and increasing demand for nutritional products. However, the Asia Pacific region is anticipated to be the fastest-growing market for the global peanut butter market in emerging economies such as China and India, acting as drivers in the region. With the increase in per capita peanut butter consumption among people in the Asia Pacific region, the market is supposed to register significant growth over the envisioned period and beyond.

Leading Company

Procter & Gamble had a substantial share of the Global Peanut Butter Market in terms of sales and revenue in 2020.

Key Players

Key players in the Global Peanut Butter Market include Britannia Dairy Private Limited, Procter & Gamble, Dr. Oetker India Pvt. Ltd., Conagra Brands, Algood Food Co., Kraft Foods, Boulder Brands, Hormel Foods Corporation, The J.M. Smucker Company, and Unilever.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Peanut Butter Market, By Product Type                        

                                6.1.1 Crunchy    

                                6.1.2 Smooth    

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Peanut Butter Market, By Distribution Channel                          

                                6.2.1 Online Stores         

                                6.2.2 Convenience Stores            

                                6.2.3 Supermarkets and Hypermarkets 

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product Type   

                                7.2.3 By Distribution Channel     

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product Type   

                                7.3.3 By Distribution Channel     

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product Type   

                                7.4.3 By Distribution Channel     

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product Type   

                                7.5.3 By Distribution Channel     

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product Type   

                                7.6.3 By Distribution Channel     

8. Key Player Analysis                                    

                8.1 Procter & Gamble                    

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Britannia Dairy Private Limited                           

                8.3 Dr. Oetker India Pvt. Ltd                       

                8.4 Conagra Brands                        

                8.5 Algood Food Co                        

                8.6 Kraft Foods                 

                8.7 Boulder Brands                         

                8.8 Hormel Foods Corporation                  

                8.9 The J.M. Smucker Company                

                8.10 Unilever                    

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Product type, by end user along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

                                                                                                                          

  1. Global Peanut Butter Market By Region, From 2021-2026 ( USD Billion )
  2. Global Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  3. Global Crunchy Market By Region, From 2021-2026 ( USD Billion )
  4. Global Smooth Market By Region, From 2021-2026 ( USD Billion )
  5. Global Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  6. Global Online Stores Market By Region, From 2021-2026 ( USD Billion )
  7. Global Convenience Stores Market By Region, From 2021-2026 ( USD Billion )
  8. Global Supermarkets and Hypermarkets Market By Region, From 2021-2026 ( USD Billion )
  9. North America Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  10. North America Crunchy Market By Region, From 2021-2026 ( USD Billion )
  11. North America Smooth Market By Region, From 2021-2026 ( USD Billion )
  12. North America Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  13. North America Online Stores Market By Region, From 2021-2026 ( USD Billion )
  14. North America Convenience Stores Market By Region, From 2021-2026 ( USD Billion )
  15. North America Supermarkets and Hypermarkets Market By Region, From 2021-2026 ( USD Billion )
  16. United States Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  17. United States Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  18. Canada Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  19. Canada Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  20. Europe Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  21. Europe Crunchy Market By Region, From 2021-2026 ( USD Billion )
  22. Europe Smooth Market By Region, From 2021-2026 ( USD Billion )
  23. Europe Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  24. Europe Online Stores Market By Region, From 2021-2026 ( USD Billion )
  25. Europe Convenience Stores Market By Region, From 2021-2026 ( USD Billion )
  26. Europe Supermarkets and Hypermarkets Market By Region, From 2021-2026 ( USD Billion )
  27. U.K. Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  28. U.K. Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  29. Germany Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  30. Germany Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  31. France Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  32. France Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  33. Italy Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  34. Italy Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  35. Spain Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  36. Spain Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  37. Asia Pacific Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  38. Asia Pacific Crunchy Market By Region, From 2021-2026 ( USD Billion )
  39. Asia Pacific Smooth Market By Region, From 2021-2026 ( USD Billion )
  40. Asia Pacific Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  41. Asia Pacific Online Stores Market By Region, From 2021-2026 ( USD Billion )
  42. Asia Pacific Convenience Stores Market By Region, From 2021-2026 ( USD Billion )
  43. Asia Pacific Supermarkets and Hypermarkets Market By Region, From 2021-2026 ( USD Billion )
  44. Japan Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  45. Japan Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  46. China Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  47. China Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  48. India Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  49. India Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  50. Australia Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  51. Australia Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  52. South Korea Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  53. South Korea Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  54. Latin America Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  55. Latin America Crunchy Market By Region, From 2021-2026 ( USD Billion )
  56. Latin America Smooth Market By Region, From 2021-2026 ( USD Billion )
  57. Latin America Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  58. Latin America Online Stores Market By Region, From 2021-2026 ( USD Billion )
  59. Latin America Convenience Stores Market By Region, From 2021-2026 ( USD Billion )
  60. Latin America Supermarkets and Hypermarkets Market By Region, From 2021-2026 ( USD Billion )
  61. Brazil Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  62. Brazil Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  63. Argentina Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  64. Argentina Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  65. Mexico Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  66. Mexico Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  67. Rest of Latin America Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  68. Rest of Latin America Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  69. Middle East and Africa Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  70. Middle East and Africa Crunchy Market By Region, From 2021-2026 ( USD Billion )
  71. Middle East and Africa Smooth Market By Region, From 2021-2026 ( USD Billion )
  72. Middle East and Africa Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  73. Middle East and Africa Online Stores Market By Region, From 2021-2026 ( USD Billion )
  74. Middle East and Africa Convenience Stores Market By Region, From 2021-2026 ( USD Billion )
  75. Middle East and Africa Supermarkets and Hypermarkets Market By Region, From 2021-2026 ( USD Billion )
  76. Middle East Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  77. Middle East Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )
  78. Africa Peanut Butter Market By Product Type, From 2021-2026 ( USD Billion )
  79. Africa Peanut Butter Market By Distribution Channel, From 2021-2026 ( USD Billion )

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