GCC Peanut Butter Market

GCC Peanut Butter Market


GCC Peanut Butter Market Size Booming at Significant CAGR of 9.06% to Reach USD 440 Million by 2029

GCC peanut butter market is flourishing due to growing consumer awareness of health benefits, increased adoption of Western dietary habits, rising disposable incomes, and a preference for convenient and protein-rich snacks.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated GCC peanut butter market size at USD 260 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the GCC peanut butter market size to grow at a CAGR of 9.06% reaching a value of USD 440 million by 2029. The GCC (Gulf Cooperation Council) peanut butter market is influenced by several key factors. Firstly, rising health consciousness among consumers is driving demand for nutritious and protein-rich spreads like peanut butter. Also, the growing expatriate population in GCC countries, who are familiar with peanut butter from their home countries, contributes to market growth. Besides, the convenience and versatility of peanut butter as a snack or ingredient in various cuisines boost its popularity. Further, marketing efforts by manufacturers to promote peanut butter's health benefits and taste contribute to market expansion. These factors collectively fuel the growth of the GCC peanut butter market.

GCC Peanut Butter Market – Overview

Peanut butter is a creamy or crunchy spread made from roasted peanuts. It is a popular food product known for its rich, nutty flavor and versatility. Peanut butter is a good source of protein, healthy fats, vitamins, and minerals, including vitamin E, magnesium, and potassium. It can be used in a variety of culinary applications, from sandwiches and smoothies to baking and cooking. Also, peanut butter is a staple in many cultures worldwide and is often enjoyed as a convenient and delicious snack. However, it's essential to choose natural, unsweetened varieties to maximize their nutritional benefits.

Impact of COVID-19 on GCC Peanut Butter Market

GCC peanut butter market witnessed a significant upturn during the COVID-19 pandemic. As consumers sought comfort foods and nutritious options, peanut butter emerged as a popular choice, driven by its long shelf life and versatility. With heightened health consciousness, the demand for natural and organic varieties also surged. However, supply chain disruptions and production challenges led to occasional shortages. Despite these obstacles, the GCC peanut butter market adapted and thrived, with both established brands and new entrants capitalizing on changing consumer preferences and bolstering sales throughout the pandemic.

GCC Peanut Butter Market – By Distribution Channel

By distribution channel, GCC peanut butter market is divided into Supermarkets & Hypermarkets, Convenience Stores, and Online Stores segments. The supermarkets & hypermarkets segment is the largest, capturing the majority of the market share. These traditional brick-and-mortar retail outlets offer a wide range of products and attract a significant customer base due to their accessibility and convenience. Convenience stores also play a substantial role in the market, serving consumers looking for quick and easy purchases. Meanwhile, online stores represent a growing segment, driven by the increasing trend of e-commerce and online shopping, offering consumers a convenient way to access peanut butter products.

Competitive Landscape

GCC peanut butter market is fiercely competitive. Major companies in the market include Mother Earth, Natures Choice, American Garden, JIF, Earth Goods, American Harvest, Eshmoon, and Nestlé. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in GCC peanut butter market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of GCC Peanut Butter Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Peanut Butter Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. GCC Peanut Butter Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Health consciousness
3.2.1.2. Urbanization
3.2.2. Restraints
3.2.2.1. Allergen concerns
3.2.2.2. High price of peanut butter
3.2.3. Opportunities
3.2.3.1. Health and wellness trend
3.2.3.2. Variety and flavors
3.2.4. Challenges
3.2.4.1. Counterfeit products
3.2.4.2. Competition
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. GCC Peanut Butter Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share and Forecast
4.2.1. By Product Type
4.2.1.1. Smooth Peanut Butter
4.2.1.2. Crunchy Peanut Butter
4.2.1.3. Others
4.2.2. By Distribution Channel
4.2.2.1. Supermarkets and Hypermarkets
4.2.2.2. Convenience Stores
4.2.2.3. Online Stores
4.2.2.4. Others
4.2.3. By Country
4.2.3.1. Saudi Arabia
4.2.3.2. UAE
4.2.3.3. Qatar
4.2.3.4. Bahrain
4.2.3.5. Kuwait
4.2.3.6. Oman
5. Competitive Landscape
5.1. List of Key Players and Their Offerings
5.2. GCC Peanut Butter Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of COVID-19 on GCC Peanut Butter Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
7.1. Mother Earth
7.2. Natures Choice
7.3. American Garden
7.4. JIF
7.5. Earth Goods
7.6. American Harvest
7.7. Eshmoon
7.8. Nestlé
7.9. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Country
9.5. Assumptions & Limitations
*Financial information in case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
Figures
Figure 1 GCC Peanut Butter Segmentation
Figure 2 GCC Peanut Butter Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 GCC Peanut Butter Market Size, By Value (USD Million), 2019-2029
Figure 5 GCC Peanut Butter Market Share, By Product Type, By Value, 2019-2029
Figure 6 GCC Peanut Butter Market Share, By Distribution Channel, By Value, 2019-2029
Figure 7 GCC Peanut Butter Market Share, By Country, By Value, 2019-2029
Tables
Table 1 GCC Peanut Butter Market Size, By Value (USD Million), 2019-2029
Table 2 GCC Peanut Butter Market Share, By Product Type, By Value, 2019-2029
Table 3 GCC Peanut Butter Market Share, By Distribution Channel, By Value, 2019-2029
Table 4 GCC Peanut Butter Market Share, By Country, By Value, 2019-2029
Table 5 Mother Earth Company Overview
Table 6 Mother Earth Financial Overview
Table 7 Natures Choice Company Overview
Table 8 Natures Choice Financial Overview
Table 9 American Garden Company Overview
Table 10 American Garden Financial Overview
Table 11 JIF Company Overview
Table 12 JIF Financial Overview
Table 13 Earth Goods Company Overview
Table 14 Earth Goods Financial Overview
Table 15 American Harvest Company Overview
Table 16 American Harvest Financial Overview
Table 17 Eshmoon Company Overview
Table 18 Eshmoon Financial Overview
Table 19 Nestlé Company Overview
Table 20 Nestlé Financial Overview

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