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Peanut Butter Market Size, Share, Industry Overview, Key Players, Growth Factors and Forecast 2023-2028

07-10-2023 11:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Peanut Butter Market Size, Share, Industry Overview, Key

IMARC Group, a leading market research company, has recently releases report titled "๐๐ž๐š๐ง๐ฎ๐ญ ๐๐ฎ๐ญ๐ญ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ฅ๐จ๐›๐š๐ฅ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ, ๐’๐ก๐š๐ซ๐ž, ๐’๐ข๐ณ๐ž, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ–", The study provides a detailed analysis of the industry, including the peanut butter market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the peanut butter market?

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.

What is Peanut Butter?

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.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ ๐ž๐ญ ๐š๐ง ๐ข๐๐ž๐š ๐จ๐Ÿ ๐จ๐ฎ๐ซ ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/peanut-butter-manufacturing-plant/requestsample

Peanut Butter Market Trends:

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.

๐‚๐ก๐ž๐œ๐ค๐จ๐ฎ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=594&method=1

Peanut Butter Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

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.

Key Market Segmentation:

The report has segmented the global peanut butter market on the basis of product type, distribution channel and region.

Breakup by Product Type:

โ€ข Smooth Peanut Butter
โ€ข Crunchy Peanut Butter
โ€ข Others

Breakup by Distribution Channel:

โ€ข Supermarkets and Hypermarkets
โ€ข Convenience Stores
โ€ข Online Stores
โ€ข Others

Breakup by Region:

โ€ข Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โ€ข North America (United States, Canada)
โ€ข Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โ€ข Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
โ€ข Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

๐€๐ฌ๐ค ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐Ÿ๐ŸŽ% ๐Ÿ๐ซ๐ž๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=594&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€:

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—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—จ๐—ฆ:

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

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