Global Peanut Butter Market Research Report and Forecast

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Copyright © IMARC Service Pvt Ltd. All Rights Reserved

Global Peanut Butter

Market Research

Report and Forecast

2021-2026

Author: Elena Anderson,

Marketing Manager |

IMARC Group

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Report Description

About

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Group

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Report Description

Report Description and Highlights

Global Peanut Butter Market Outlook 2026:

According to the recent report by IMARC Group, titled “Peanut Butter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global peanut butter market size reached around US$ 3.40 Billion in 2020. Peanut butter refers to a thick spread that is produced by dry roasted peanuts. It is high in proteins and low in calories in comparison to most other spreads. Peanut butter has gained prominence in several countries as it is rich in fiber and micronutrients, like vitamin E, zinc, potassium, and magnesium.

The consumption of peanut butter is associated with several health benefits like weight loss, less risk of diabetes and cancer, a healthy heart, and good cholesterol maintenance. As a result, it is often used in salads, cakes, brownies, sandwiches, frostings, and rolls, as well as a substitute for milk butter.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Report Description

Report Description and Highlights

Global Peanut Butter Market Trends:

One of the major factors driving the market growth is the rising health awareness that has led to the incorporation of plant-based proteins by the masses in their daily diets. This, along with inflating income levels, has increased the demand for premium peanut butter, thereby positively impacting the market growth. Besides this, several brands are employing innovative marketing campaigns to expand their consumer base. For instance, Jif, an American brand, rolled out a limited-edition peanut butter variant with GIF graphics on the jar to settle the debate over its pronunciation.

Similar to Hormel Foods ‘Skippy’ ad campaign, Jif’s roll-out played a significant role in the uptake of peanut butter. Furthermore, the outbreak of the coronavirus disease (COVID-19) led to lockdowns for months in most countries worldwide. This has led to a rise in the sales of packaged food items with a longer shelf life, such as peanut butter. On account of these factors, the market is expected to grow at a CAGR of 5.40% during the forecast period (2021-2026).

Market Summary:

• Based on the product type, smooth peanut butter accounts for the majority of the total market share. It is followed by crunchy peanut butter and other variants.

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Report Description

Report Description and Highlights

• On the basis of the distribution channel, the market has been categorized into convenience stores, supermarkets and hypermarkets, online stores, and others. Among these, supermarkets and

hypermarkets exhibit a clear dominance.

• Region-wise, North America (Canada and the United States) represents the leading market. Other regions include Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Middle East and Africa, Latin America (Brazil, Mexico, and Others), and Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/peanut-butter-manufacturing-plant

• The competitive landscape of the market has been analyzed in the report with the detailed profiles of the key players operating in the market.

Request for a free sample report: https://www.imarcgroup.com/peanut-butter-manufacturing-plant/requestsample

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A partial List of our Clients

We are the trusted business partners to the world's leading corporates, governments, and institutions

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Report Description

Report Description and Highlights

© 2019 IMARC All Rights Reserved

This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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