Global Peanut Butter Market 2024-2028

Global Peanut Butter Market 2024-2028

Peanut Butter Market 2024-2028

The peanut butter market is forecasted to grow by USD 1309.9 mn during 2023-2028, accelerating at a CAGR of 6% during the forecast period. The report on the peanut butter market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by health benefits associated with peanut butter, rise in consumption of gluten-free products, and increasing prominence of private-label brands.

Technavio's peanut butter market is segmented as below:

By Distribution Channel

• Offline
• Online

By Geographical Landscape

• North America
• South America
• Europe
• APAC
• Middle East and Africa

This study identifies the peanut butter as ingredient in snacks as one of the prime reasons driving the peanut butter market growth during the next few years. Also, expanding organized retail landscape and growing demand for organic peanut butter will lead to sizable demand in the market.

The report on the peanut butter market covers the following areas:

• Peanut Butter Market sizing
• Peanut Butter Market forecast
• Peanut Butter Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading peanut butter market vendors that include Algood Food Co., China Kunyu Industrial Co. Ltd., Dr. August Oetker KG, Galdisa USA Inc., Hormel Foods Corp., ManiLife, Mars Inc., Nuts N More, NuttZo LLC, Peanut Butter and Co., Pip and Nut Ltd., Post Holdings Inc., Sonya Foods Pvt. Ltd., The Hain Celestial Group Inc., The J.M Smucker Co., The Kraft Heinz Co., The Kroger Co., The Leavitt Corp., Unilever PLC, and Windmill Organics Ltd.. Also, the peanut butter market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.