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Peanut Butter Market Size, Share Global Analysis Report, 2020–2026
Peanut Butter Market By Type (Smooth Peanut Butter, Crunchy Peanut Butter, and Others) and By Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[190+ Pages Report] According to the report published by Facts Factors, the global peanut butter market size was worth around USD 3.5 billion in 2019 and is predicted to grow to around USD 4.8 billion by 2026 with a compound annual growth rate (CAGR) of roughly 4.6% between 2020 and 2026. The report analyzes the global peanut butter market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the peanut butter market.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the peanut butter industry. The report analyzes and declares the historical and current trends analysis of the peanut butter industry and subsequently recommends the projected trends anticipated to be observed in the peanut butter market during the upcoming years.
The peanut butter market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire peanut butter market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the global peanut market is set to grow annually at a rate of around 4.6%
- It was established through primary research that the global peanut butter market was valued at around USD 3.5 billion in 2019
- The growing demand for nutritional and convenience foods is anticipated to boost the peanut butter market
- The “Smooth Peanut Butter” category, on the basis of type segmentation, was the leading revenue-generating category in 2019
- The “Supermarkets and Hypermarkets” category, on the basis of application segmentation, was the leading revenue-generating category in 2019
Key Recommendations from Analysts
- Due to the growing hectic lifestyle globally, people are more inclined towards convenience food. Hence the peanut butter market is expected to grow in the upcoming years.
- North America region is anticipated to continue its dominance in the peanut butter market in the forecast period
- Asia Pacific region is anticipated to register a significant growth rate in the peanut butter market due to emerging economies such as India, and China.
- Peanut butter is rich with vitamin E, which is a strong source of antioxidants. Hence health enthusiasts are also expected to contribute to the peanut butter market as a breakfast or snack option.
- Peanut butter applications in the cosmetics industry will boost in the upcoming years due to the growing vegan population globally
Market Share in 2019 – By Type
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the peanut butter industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the peanut butter industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the peanut butter market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the peanut butter industry. The peanut butter market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the peanut butter sector. Key strategic developments in the peanut butter market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the peanut butter market are appropriately highlighted in the report.
The growing preference for nutritional food globally is anticipated to boost the peanut butter market. Peanut butter is rich in dietary fibers, vitamins, and low calories fats and hence is preferred worldwide by health enthusiasts. It can be used as a spread for snacks and breakfasts along for a variety of desserts and convenience foods. The growing hectic population globally has led to boost the peanut butter market because of the convenience it provides as well as acts as an energy booster.
North America is the major consumer of peanut butter and the U.S. has the highest consumption of peanut butter. However, in Asia Pacific region, there is a growing demand from emerging economies such as India and China.
The peanut butter market research report delivers an acute valuation and taxonomy of the peanut butter industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 3.5 Billion |
Projected Market Size in 2026 |
USD 4.8 Billion |
CAGR Growth Rate |
4.6% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Hormel Foods Corporation, Kraft Canada Inc., The Hershey Company, Unilever, ConAgra Foods Inc., Algood Food Company Inc., Dr. Oetker India Pvt Ltd, Procter & Gamble, Boulder Brands Inc., and The J.M. Smucker Company., and Others |
Key Segment |
By Type, Distribution, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The regional segmentation of the peanut butter industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the peanut butter industry is provided for the leading economies of the world.
The peanut butter market is segmented based on type and application. On the basis of type segmentation, the market is classified into smooth peanut butter, crunchy peanut butter, and others. In terms of application segmentation, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online stores, and others.
Some of the essential players operating in the peanut butter market, but not restricted to include
- Hormel Foods Corporation
- Kraft Canada Inc.
- The Hershey Company
- Unilever
- ConAgra Foods Inc.
- Algood Food Company Inc.
- Dr. Oetker India Pvt Ltd
- Procter & Gamble
- Boulder Brands Inc.
- The J.M. Smucker Company
The taxonomy of the peanut butter industry by its scope and segmentation is as follows:
By Type Segmentation Analysis
- Smooth Peanut Butter
- Crunchy Peanut Butter
- Others
By Distribution Channel Segmentation Analysis
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
By Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Hormel Foods Corporation
- Kraft Canada Inc.
- The Hershey Company
- Unilever
- ConAgra Foods Inc.
- Algood Food Company Inc.
- Dr. Oetker India Pvt Ltd
- Procter & Gamble
- Boulder Brands Inc.
- The J.M. Smucker Company
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