Nut based spreads are breakfast spreads prepared by grinding nuts and tree nuts such as cashew nuts, peanuts, almonds, hazelnuts, etc., into a grounded paste. Nut based spreads are high in protein, essential fatty acids, and carbohydrates and hence are ideal for breakfast. They are usually spread on bread slices as well as toasts. Nut based spreads such as peanut butter spreads are highly rich sources of amino acids and hence are vital to the growth in children.
MARKET DYNAMICS
As more and more consumers switch from traditional jam and preserves to nut-based spreads for breakfast, the nut-based spreads market is anticipated to grow at a substantial pace. Though nut based spreads were a staple of the Western diets, today nut based spreads are fondly consumed even in the non-western world. The rising intake of nut based spreads in East Asian countries has boosted the global sales of nut based spreads. Peanuts and peanut butter spreads are increasingly consumed by vegans and vegetarians owing to their high plant-based protein content. The growing popularity of peanut-based spreads among the rising vegetarian and vegan consumer base in the west has augmented the consumption of nut based spreads. With increasing consumer demand for low-fat nut based spreads, manufacturers have introduced low-fat nut based spreads low on calories to cater to the segment of calorie conscious consumer base. The introduction of low-fat nut spreads is projected to stimulate the growth of the nut based spreads even further.
MARKET SCOPE
The "Global Nut Based Spreads Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the nut based spreads market with detailed market segmentation by product type, nut type, and geography. The global nut based spreads market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading nut based spreads market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global nut based spreads market is segmented on the basis of product type and nut type. On the basis of product type, the nut based spreads market is segmented into high calorie nut based spreads and low calorie nut based spread. The nut based spreads market on the basis of nut type is classified into peanut-based spreads, almond-based spreads, walnut-based spreads, hazelnut-based spreads, cashew-based spreads, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global nut based spreads market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The nut based spreads market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the nut based spreads market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the nut based spreads market in these regions.
MARKET PLAYERS
The reports cover key developments in the nut based spreads market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the nut based spreads market are anticipated to lucrative growth opportunities in the future with the rising demand for nut based spreads in the global market. Below mentioned is the list of few companies engaged in the nut based spreads market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nut based spreads market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- Abby's Better Nut Butter LLC
- Andros Group
- Conagra Brands Inc.
- Crazy Richard's Peanut Butter Co.
- Ferrero International S.A.
- Hormel Foods Corp.
- Nestle S.A.
- Saratoga Peanut Butter Co.
- The Hain Celestial Group Inc.
- The Hershey Co.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.