Thursday, 13 May 2021 12:34 GMT

Peanut Butter Market 2021: Industry Analysis, Price Trends, Share, Size and Forecast till 2026 - IMARC Group

(MENAFN - Evertise Digital)May 4, 2021

The global , IMARC Group expects the global peanut butter market to exhibit moderate growth during 2021-2026.

Peanut butter is a widely consumed food spread obtained from ground dry-roasted peanuts. It is widely used to prepare breakfast, savory sauces, smoothies, and other food products like brownies, rolls, cakes, frosting, and chocolates. It is a source of essential dietary fibers, consisting of high protein content and low calories. The consumption of peanut butter helps reduce weight, lower the risk of type II diabetes and gallstones, and maintain a balanced diet.

Peanut Butter Market Trends:

The global peanut butter market is driven by the growing prevalence of obesity that has encouraged consumers to shift toward healthier breakfast and snack alternatives, such as peanut butter. Along with this, the increasing health-consciousness among consumers has prompted manufacturers to launch peanut butter variants with reduced calories and fat content. Moreover, market players are introducing innovative marketing strategies and new advertising campaigns to reach a broader consumer base. These factors are expected to bolster the market growth in the coming years.

Get a PDF Sample for more detailed market insights:

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Peanut Butter Market Segmentation:

Market by Product Type

1. Crunchy Peanut Butter
2. Smooth Peanut Butter
3. Others

Market by Distribution Channel

1. Supermarkets and Hypermarkets
2. Convenience Stores
3. Online Stores
4. Others

Performance of Key Regions

1. Asia Pacific
2. North America
3. Europe
4. Middle East and Africa
5. Latin America

Some of the major players operating in the industry include Hersheys (NYSE: HSY), J M Smucker Co (NYSE: SJM), ConAgra Foods Inc. (CAG) and Hormel Foods (NYSE:HRL).

Browse full report with detailed TOC and list of figures and tables:

About Us

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.

Contact US: IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert:


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Wear It Live: Wearable Tech for People with Disability