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Peanut Butter Market Size, Share, Analysis and Forecast 2021-2026

Peanut Butter Market Size, Share, Analysis and Forecast

The global peanut butter market reached a value of US$ 3.4 Billion in 2020, IMARC Group expects the global peanut butter market to exhibit moderate growth during 2021-2026.

Peanut butter is a widely consumed food spread obtained from ground dry-roasted peanuts. It is widely used to prepare breakfast, savory sauces, smoothies, and other food products like brownies, rolls, cakes, frosting, and chocolates. It is a source of essential dietary fibers, consisting of high protein content and low calories. The consumption of peanut butter helps reduce weight, lower the risk of type II diabetes and gallstones, and maintain a balanced diet.

Peanut Butter Market Trends:

The global peanut butter market is driven by the growing prevalence of obesity that has encouraged consumers to shift toward healthier breakfast and snack alternatives, such as peanut butter. Along with this, the increasing health-consciousness among consumers has prompted manufacturers to launch peanut butter variants with reduced calories and fat content. Moreover, market players are introducing innovative marketing strategies and new advertising campaigns to reach a broader consumer base. These factors are expected to bolster the market growth in the coming years.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/peanut-butter-manufacturing-plant/requestsample

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Peanut Butter Market Segmentation:

Market by Product Type

1. Crunchy Peanut Butter
2. Smooth Peanut Butter
3. Others

Market by Distribution Channel

1. Supermarkets and Hypermarkets
2. Convenience Stores
3. Online Stores
4. Others

Performance of Key Regions

1. Asia Pacific
2. North America
3. Europe
4. Middle East and Africa
5. Latin America

Some of the major players operating in the industry include Hersheys (NYSE: HSY), J M Smucker Co (NYSE: SJM), ConAgra Foods Inc. (CAG) and Hormel Foods (NYSE:HRL).

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/peanut-butter-manufacturing-plant

We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Related Reports by IMARC Group:

Fast Food and Quick Service Restaurant Market: https://www.imarcgroup.com/fast-food-quick-service-restaurant-market

Alginate Market: https://www.imarcgroup.com/alginate-market

Argan Oil Market: https://www.imarcgroup.com/argan-oil-market

Functional Shots Market: https://www.imarcgroup.com/functional-shots-market

Food Processing Blades Market: https://www.imarcgroup.com/food-processing-blades-market

Lignans Market: https://www.imarcgroup.com/lignans-market

Packaged Cactus Water Market: https://www.imarcgroup.com/packaged-cactus-water-market

Eggshell Membrane Market: https://www.imarcgroup.com/eggshell-membrane-market

Ginseng Extract Market: https://www.imarcgroup.com/ginseng-extract-market

Hibiscus Flower Powder Market: https://www.imarcgroup.com/hibiscus-flower-powder-market

Contact US:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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