Press release
Peanut Butter Market 2023: Size, Share, Analysis, Industry Trends, Latest Insights and Forecast to 2028
According to IMARC Group's latest report, titled "๐ฃ๐ฒ๐ฎ๐ป๐๐ ๐๐๐๐๐ฒ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: ๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐, ๐ฆ๐ต๐ฎ๐ฟ๐ฒ, ๐ฆ๐ถ๐๐ฒ, ๐๐ฟ๐ผ๐๐๐ต, ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ ๐ฎ๐ป๐ฑ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐ ๐ฎ๐ฌ๐ฎ๐ฏ-๐ฎ๐ฌ๐ฎ๐ด", The global peanut butter market size reached US$ 4.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.๐ฌ๐ฒ๐ฎ๐ฟ ๐๐ผ๐ป๐๐ถ๐ฑ๐ฒ๐ฟ๐ฒ๐ฑ ๐๐ผ ๐๐๐๐ถ๐บ๐ฎ๐๐ฒ ๐๐ต๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ถ๐๐ฒ:
Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028
๐ฃ๐ฒ๐ฎ๐ป๐๐ ๐๐๐๐๐ฒ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ข๐๐ฒ๐ฟ๐๐ถ๐ฒ๐:
Peanuts are an essential crop grown across the globe and are commercially used for the production of flour, confections, oil, butter, snack products, etc. Among these, peanut butter is one of the most consumed food spreads and prepared by grinding and dry-roasting peanuts. In line with this, it refers to a thick spread and an energy-rich product that is usually marketed as a substitute for milk butter. Other than energy, peanut butter also offers fiber, protein, unsaturated fats, etc., along with a set of micronutrients, including magnesium, zinc, potassium, Vitamin E, etc. Consequently, it is extensively utilized in the preparation of numerous food products, such as salads, brownies, rolls, cakes, frostings, cornbread, chocolates, etc.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ฟ๐ผ๐ฐ๐ต๐๐ฟ๐ฒ: https://www.imarcgroup.com/peanut-butter-manufacturing-plant/requestsample
๐ฃ๐ฒ๐ฎ๐ป๐๐ ๐๐๐๐๐ฒ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐:
The growing consumer inclination towards healthier breakfast and snack options, on account of the rising obesity rates across countries, is among the key factors stimulating the peanut butter market. Moreover, the widespread adoption of plant-based proteins by individuals in their daily diets is further bolstering the market growth. Besides this, leading manufacturers are utilizing innovative marketing strategies to expand their product portfolio and reach a broader customer base, which is acting as another significant growth-inducing factor. Furthermore, the introduction of rolled-out limited-edition peanut butter variants with GIF graphics on the jar is also positively influencing the global market. Apart from this, the sudden outbreak of the COVID-19 pandemic has led to increasing sales of packaged food items with a longer shelf life, which is anticipated to fuel the peanut butter market over the forecasted period.
๐๐ต๐ฒ๐ฐ๐ธ๐ผ๐๐ ๐ก๐ผ๐: https://www.imarcgroup.com/checkout?id=594&method=1
๐ฃ๐ฒ๐ฎ๐ป๐๐ ๐๐๐๐๐ฒ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฎ๐ฌ๐ฎ๐ฏ-๐ฎ๐ฌ๐ฎ๐ด ๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ป๐ฎ๐น๐๐๐ถ๐ ๐ฎ๐ป๐ฑ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป:
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ ๐ช๐ถ๐๐ต ๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐:
The competitive landscape of the peanut butter market has been studied in the report with the detailed profiles of the key players operating in the market.
๐๐ ๐ฝ๐น๐ผ๐ฟ๐ฒ ๐๐๐น๐น ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ช๐ถ๐๐ต ๐ง๐ข๐ & ๐๐ถ๐๐ ๐ผ๐ณ ๐๐ถ๐ด๐๐ฟ๐ฒ๐: https://www.imarcgroup.com/peanut-butter-manufacturing-plant/toc
๐๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป:
The report has segmented the global peanut butter market on the basis of product type, distribution channel and region.
๐๐ฟ๐ฒ๐ฎ๐ธ๐๐ฝ ๐ฏ๐ ๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐ ๐ง๐๐ฝ๐ฒ:
โข Smooth Peanut Butter
โข Crunchy Peanut Butter
โข Others
๐๐ฟ๐ฒ๐ฎ๐ธ๐๐ฝ ๐ฏ๐ ๐๐ถ๐๐๐ฟ๐ถ๐ฏ๐๐๐ถ๐ผ๐ป ๐๐ต๐ฎ๐ป๐ป๐ฒ๐น:
โข Supermarkets and Hypermarkets
โข Convenience Stores
โข Online Stores
โข Others
๐๐ฟ๐ฒ๐ฎ๐ธ๐๐ฝ ๐ฏ๐ ๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป:
โข Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โข North America (United States, Canada)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โข Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
โข Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
๐๐๐ธ ๐๐ป๐ฎ๐น๐๐๐ ๐ณ๐ผ๐ฟ ๐ญ๐ฌ% ๐ณ๐ฟ๐ฒ๐ฒ ๐ฐ๐๐๐๐ผ๐บ๐ถ๐๐ฒ๐ฑ ๐ฟ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.imarcgroup.com/request?type=report&id=594&flag=C
This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข 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.
๐๐ฏ๐ผ๐๐ ๐จ๐:
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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
๐ ๐ฒ๐ฑ๐ถ๐ฎ ๐๐ผ๐ป๐๐ฎ๐ฐ๐:
Company Name:ย IMARC Group
Contact Person:ย Elena Anderson
Email:ย sales@imarcgroup.com
Phone:ย +1-631-791-1145
Address:ย 30 N Gould St Ste R
City:ย Sheridan
State:ย WY
Country:ย United States
Website:ย https://www.imarcgroup.com/
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