Peanut Butter Market size is expected to reach USD 7.4 billion by 2027

Global Peanut Butter Market: by Form (Smooth Peanut Butter, Crunchy Peanut Butter, Low-Fat Peanut Butter, and Others), by Distribution Channel (Online and Offline), and by Region - Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2021-2027)

The peanut butter market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the peanut butter industry.

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Peanut Butter Industry Outlook
The global peanut butter market was valued at USD 5.7 billion in 2020, which is expected to reach USD 7.4 billion by 2027, registering a CAGR of 5.7% during the forecast period (2021-2027). Peanut butter contains the low calories that are processed from the grinding of dry peanuts. Peanut butter has rich energy sources compared to milk butter, as it is an excellent source of protein, fiber, unsaturated fat, and minerals such as magnesium, zinc, potassium, and vitamins. Knowing the nutritional factor of peanut butter, it is used to prepare various food products, including salads, brownies, rolls, cakes, frostings, cornbreads, and chocolates.

Factors Affecting the Peanut Butter Market Over the Forecast Period:
The rise in consumer spending for nutritional products, backed by the increasing disposable income, is driving the growth of the peanut butter market across the globe.

Working people have stressed, hectic schedules; they prefer to eat instant food items as a convenience meal. This is the reason to expect an increase in the demand for peanut butter in on-the-go food products.

The high cost is the main barrier to the peanut butter market. Therefore, due to price factors, consumers prefer normal butter over peanut butter in emerging and under-developed economies, which restrains the global market's growth.

Impact of COVID-19 on Peanut Butter Market:
The COVID-19 pandemic will have a low-to-moderate impact on the growth of the global peanut butter market. The offline sales of peanut butter have significantly declined amidst the crisis; though, the online delivery of peanut butter will overcome the loss of the global sales of peanut butter from offline sales platforms. Therefore, a moderate impact in the peanut butter market value can be expected in 2020 globally.

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Scope of the Report
The report outlines the global peanut butter market study based on type and distribution channel.

The peanut butter market has been segmented based on type -

Smooth Peanut Butter
Crunchy Peanut Butter
Low-Fat Peanut Butter
Others
The peanut butter market has been segmented based on distribution channel -

Online
Offline
Peanut Butter Market: Regional Outlook
The peanut butter market has been segmented into five geographical regions: North America, Asia Pacific, South America, Europe, the Middle East, and Africa. In 2020, North America held the largest share in the global peanut butter market, followed by Europe and the Asia Pacific. North America is further estimated to dominate the peanut butter market during the forecast period. Moreover, Asia Pacific is expected to project the highest CAGR in the global market over the forecast period.

Key Global Peanut Butter Market Competitors Includes -
The peanut butter market is highly fragmented, with a large number of small players across the globe. The key peanut butter players operating in the global market include -

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Agro Tech Foods Limited
Algood Food Company Inc.
Archer Daniels Midland
Boulder Brands Inc.
Britannia Dairy Private Limited
Conagra Foodservice
Diamond Foods, Inc.
Dr. Oetker India Pvt Ltd
Hampton Farms, Inc
Hormel Foods Corporation
Hunts
Kraft Canada Inc.
Kraft Heinz
Mayvers
Mother Dairy Fruit & Vegetable Private Limited
Olam International
Parag Milk Foods Limited
Peanut Butter & Co
Pinnacle Foods
Procter & Gamble
Skippy
Star Snacks Co., LLC
The Hain Celestial Group
The Hershey Company
The J.M. Smucker Company
Trader Joe's
Unilever Group
Virginia Diner.
The peanut butter market report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.

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Peanut Butter Market Report Covers Comprehensive Analysis On:
Market Segmentation & Regional Analysis
Market Size of 10 years
Pricing Analysis
Supply & Demand Analysis
Product Life Cycle Analysis
Porter's Five Forces & Value Chain Analysis
Developed & Emerging Economies Analysis
PEST Analysis
Market and Forecast Factor Analysis
Market Opportunities, Risks, & Trends
Conclusion & Recommendation
Regulatory Landscape
Patent Analysis
Competition Landscape
15+ Company Profiles

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