Top 10 Peanut Butter Manufacturers Across the World | IMARC Group

Peanut Butter Outlook:

The IMARC Group's latest research report, titled "𝐏𝐞𝐚𝐧𝐮𝐭 𝐁𝐮𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖", 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.

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.

𝐆𝐞𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 https://www.imarcgroup.com/peanut-butter-manufacturing-plant/requestsample

Peanut Butter Growth and Development:

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.

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐈𝐧𝐬𝐭𝐚𝐧𝐭 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐚𝐧𝐝 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞: https://www.imarcgroup.com/request?type=report&id=594&flag=C

List of Top Peanut Butter Manufacturers Worldwide:

• Alpino Health
Establishment: 2016
Headquarters: Gujarat, India

• DiSano
Establishment: 2013
Headquarters: West Bengal, India

• Dr. Oetker GmbH
Establishment: 1891
Headquarters: Bielefeld, Germany

• Hormel Foods Corporation
Establishment: 1891
Headquarters: Minnesota, United States

• Sonya Foods Pvt. Ltd.
Establishment: 1983
Headquarters: Gujarat, India

• The Hershey Company
Establishment: 1894
Headquarters: Pennsylvania, United States

• The J.M. Smucker Company
Establishment: 1897
Headquarters: Ohio, United States

• The Kraft Heinz Company
Establishment: 1994
Headquarters: Illinois, United States

• Unilever plc
Establishment: 1929
Headquarters: London, United Kingdom

𝐕𝐢𝐬𝐢𝐭 𝐅𝐮𝐥𝐥 𝐁𝐥𝐨𝐠: https://www.imarcgroup.com/peanut-butter-manufacturers

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.

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.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

IMARC Group

134 N 4th St Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

This release was published on openPR.