Peanut butter is a spread that is made from ground, dry-roasted peanuts. It also contain some additional ingredients to modify the taste. Peanut butter is very popular among adults and children. Peanut butter is a one of the most consumed food spreads. It is a high energy product. It provides protein, many essential vitamins, and minerals.
MARKET DYNAMICS
The growing demand of nutritious products along with increasing disposable income of the people are the major driving factors for the growth of peanut butter market. The changing eating habit and consumer's shift towards healthier breakfast and snack options also contributes for the market growth. However, the availability of other substitute products in the market may hamper the market growth.
MARKET SCOPE
The "Global Peanut Butter Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the peanut butter market with detailed market segmentation by type, category and distribution channel. The global peanut butter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading peanut butter market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global peanut butter market is segmented into type, category and distribution channel. By type, the peanut butter market is classified into smooth, crunchy, and powdered. By category, the peanut butter market is classified into organic and conventional. By distribution channel, the peanut butter market is classified into supermarkets and hypermarkets, convenience stores, online retail, 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 peanut butter market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The peanut butter 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 peanut butter market from both demand and supply side. Further, it 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 peanut butter market in these regions.
MARKET PLAYERS
The report covers vital developments in the peanut butter 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 peanut butter market are anticipated to lucrative growth opportunities in the future with the rising demand for peanut butter in the global market. Below mentioned is the list of few companies engaged in the peanut butter market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the peanut butter market. Besides, 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 critical development in the past five years.
- The J.M. Smucker Company
- Unilever
- Hormel Foods, LLC
- Justin's, LLC
- Peanut Butter and Co
- Spread The Love LLC
- The Leavitt Corporation
- DiSano
- Alpino
- Pintola
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.