Latin America Nut Based Spread Market Report and Forecast 2023-2028

Latin America Nut Based Spread Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the Latin America nut based spread market reached a value of approximately USD 1.3 billion in 2022. Aided by the increasing consumption of healthy, nutrient-dense foods and the growing applications of nut-based spreads in a variety of culinary preparations, the market is projected to further grow at a CAGR of 7% between 2023 and 2028 to reach a value of USD 1.95 billion by 2028.

Nut-based spreads, such as peanut butter, almond butter, and cashew butter, are popular due to their rich taste and high nutritional content, including healthy fats, protein, vitamins, and minerals. They are commonly used as spreads on bread, pastries, and crackers and are increasingly being included in recipes for smoothies, desserts, and sauces. Apart from their gastronomical appeal, these spreads have a range of health benefits such as aiding weight loss, reducing heart disease risk, and improving blood sugar levels, which make them a favoured choice among health-conscious consumers.

The Latin America nut based spread market growth is primarily driven by the rising consumer preference for nutritious and protein-rich food products. With the growing awareness of the health benefits associated with nut consumption, there has been a significant shift towards diets that incorporate nuts and nut-based products. The region has seen an increase in health and fitness trends, further enhancing the popularity of nut-based spreads, given their high protein content and potential health benefits.

In addition, the expanding applications of nut-based spreads in various culinary areas have also significantly contributed to Latin America nut based spread market development. These spreads are versatile and can be used in a multitude of recipes, from breakfast dishes like toast and pancakes to gourmet desserts and sauces. This versatility has led to increased usage in both home cooking and restaurant cuisine, stimulating market expansion.

The cosmetic industry has also begun to recognise the benefits of nuts, with many companies using nut oils in their formulations for their hydrating and nourishing properties. This has created an additional avenue for Latin America nut based spread market expansion.

Moreover, the increasing demand for plant-based and vegan-friendly food options in Latin America has brought nut-based spreads into focus as a desirable ingredient. The rise of veganism and the popularity of plant-based diets have seen nut-based spreads emerge as a critical element in the creation of dairy-free and meat-free meals, enhancing the Latin America nut based spread market expansion further.

Market Segmentation

The market can be divided based on product type, form, packaging type, distribution channel, and country.

Market Breakup by Product Type
  • Peanut Based Spreads
  • Almond Based Spreads
  • Walnut Based Spreads
  • Cashew Based Spreads
  • Hazelnut Based Spreads
  • Others
Market Breakup by Form
  • Crunchy
  • Creamy
Market Breakup by Packaging Type
  • Glass Packaging
  • Plastic Packaging
  • Others
Market Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others
Market Breakup by Country
  • Brazil
  • Argentina
  • Mexico
  • Chile
  • Colombia
  • Others
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Latin America nut based spread companies. Some of the major key players explored in the report by Expert Market Research are as follows:
  • The J.M. Smucker Company
  • The Kraft Heinz Company
  • Post Consumer Brands, LLC
  • Hain Celestial Group
  • Santa Helena Ind. de Alimentos S.A.
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Nut Based Spread Market Analysis
8.1 Key Industry Highlights
8.2 Latin America Historical Market (2018-2022)
8.3 Latin America Nut Based Spread Market Forecast (2023-2028)
9 Latin America Nut Based Spread Market by Product Type
9.1 Peanut Based Spreads
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Almond Based Spreads
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
9.3 Walnut Based Spreads
9.3.1 Market Share
9.3.2 Historical Trend (2018-2022)
9.3.3 Forecast Trend (2023-2028)
9.4 Cashew Based Spreads
9.4.1 Market Share
9.4.2 Historical Trend (2018-2022)
9.4.3 Forecast Trend (2023-2028)
9.5 Hazelnut Based Spreads
9.5.1 Market Share
9.5.2 Historical Trend (2018-2022)
9.5.3 Forecast Trend (2023-2028)
9.6 Others
10 Latin America Nut Based Spread Market by Form
10.1 Crunchy
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Creamy
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
11 Latin America Nut Based Spread Market by Packaging Type
11.1 Glass Packaging
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Plastic Packaging
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 Others
12 Latin America Nut Based Spread Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Convenience Stores
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Online Stores
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Latin America Nut Based Spread Market by Country
13.1 Brazil
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 Argentina
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Mexico
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 Chile
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Colombia
13.5.1 Market Share
13.5.2 Historical Trend (2018-2022)
13.5.3 Forecast Trend (2023-2028)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 The J.M. Smucker Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 The Kraft Heinz Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Post Consumer Brands, LLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Hain Celestial Group
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Santa Helena Ind. de Alimentos S.A.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Nut Based Spread Market: Key Industry Highlights, 2018 and 2028
2. Latin America Nut Based Spread Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Latin America Nut Based Spread Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Latin America Nut Based Spread Historical Market: Breakup by Form (USD Million), 2018-2022
5. Latin America Nut Based Spread Market Forecast: Breakup by Form (USD Million), 2023-2028
6. Latin America Nut Based Spread Historical Market: Breakup by Packaging Type (USD Million), 2018-2022
7. Latin America Nut Based Spread Market Forecast: Breakup by Packaging Type (USD Million), 2023-2028
8. Latin America Nut Based Spread Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
9. Latin America Nut Based Spread Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
10. Latin America Nut Based Spread Historical Market: Breakup by Country (USD Million), 2018-2022
11. Latin America Nut Based Spread Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Nut Based Spread Market Structure

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