Peanut Butter Market is set to Witness Huge Demand at a CAGR of 6.60% during the Forecast Period 2029

Data Bridge Market Research analyses that the Peanut Butter Market was valued at USD 4.77 billion in 2021 and is expected to reach USD 7.19 billion by 2029, registering a CAGR of 6.60% during the forecast period of 2022 to 2029.

Industry Analysis

Peanut butter is rapidly gaining traction because of its growing popularity among the health-conscious millennia. Peanut butter is a type of food glue made from pulverized, boiled peanuts. Unlike other spreads, it is a low-calorie item with a high protein content that works well as a substitute for milk margarine. It is commonly used as a sandwich spread, but it can also be used with other types of spreads and in exquisite sauces, pastry shop goods, and smoothies. Consumers' shift toward healthier breakfast and snack options and altering eating habits all contribute to market growth.

Peanuts are a staple crop farmed all over the world and are economically utilized to make oil, butter, flour, confections, and snack foods. Peanut butter, which is created by crushing and dry-roasting peanuts, is one of the most popular food spreads. It's an energy-dense food that's commonly sold as a milk butter alternative. It also contains fiber, protein, and unsaturated fats and a variety of minerals such as magnesium, zinc, potassium, and vitamin E.

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Global Peanut Butter Market Scope

The peanut butter market is segmented on the basis of product type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type
• Smooth Peanut Butter
• Crunchy Peanut Butter
• Others

Distribution Channel
• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others

Competitive Landscape and Peanut Butter Market Share Analysis

The peanut butter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to peanut butter market.

Some of the major players operating in the peanut butter market are:

• Unilever (UK)
• Procter & Gamble (US)
• The J.M. Smucker Company (US)
• Hormel Foods Corporation (US)
• Boulder Brands (US)
• The Kraft Heinz Company (US)
• Algood Food Co. (US)
• Conagra Brands, Inc. (US)
• Britannia Dairy Private Limited (Bengaluru)
• Hormel Foods Corporation (US),
• Justin's, LLC (US)
• The Leavitt Corporation (US)
• DiSano (India)
• Alpino (India)
• Pintola (India)

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