Nut Butter is referred to as any type of spreadable food products which is made from crushed or blended nuts. Traditionally, peanut butter was the only substitute for dairy butters, but dye to technological advancements and the increase in the consumer awareness regarding nut butters, has driven the growth of variety of nut butters in the market. The nut butters are basically sourced from nuts and seeds which are enriched with protein, fiber, fatty acids, and other health beneficial nutrients. These nut butters are mostly prepared by roasting, crushing and store at a low temperature.
MARKET DYNAMICS
The rise in the health concerns regarding dairy butter consumption due to its fat content has increased the demand for alternatives such as nut butters. The nut butters are used as spreads over various snacks and food products as they enhance the taste. The nut butters include antioxidants and various essential vitamins and minerals that helps in preventing cancer, maintaining blood pressure and blood cholesterol level. These health benefits drive the growth of nut butter market. The vegetarian population also plays a vital role in increasing the demand for nut butter.
MARKET SCOPE
The "Global Nut Butters Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the nut butters market with detailed market segmentation by category, type, distribution channel and geography. The global nut butters market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading nut butters market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global nut butters market is segmented based on category, type, and distribution channel. Based on category, the market is segmented into organic and conventional. Based on type, the market is segmented into peanut, almond, cashew, hazelnut, and others. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, convenience store, online retail, 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 butters 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 butters 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 butters 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 trend. 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 butters market in these regions.
MARKET PLAYERS
The reports cover key developments in the nut butters 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from nut butters market are anticipated to lucrative growth opportunities in the future with the rising demand for nut butters in the global market. Below mentioned is the list of few companies engaged in the nut butters market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nut butters 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 3 years, the key development in the past five years.
- Once Again
- NuttZo LLC
- Krema Nut Company
- Hormel Foods Corporation
- Hain Celestial
- The J.M. Smucker Co
- Bliss Nut Butters
- Barney Butter
- Funky Nut Co
- The Huda Bar
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