Market Overview:
The North America peanut butter market size reached 284.3 Kilo Tons in 2023. Looking forward, IMARC Group expects the market to reach 367.1 Kilo Tons by 2032, exhibiting a growth rate (CAGR) of 2.8% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023 |
284.3 Kilo Tons |
Market Forecast in 2032 |
367.1 Kilo Tons |
Market Growth Rate (2024-2032) |
2.8% |
Peanut butter is a food paste which is essentially prepared from ground dry roasted peanuts. In comparison with other spreads, it is a low-calorie product with a high protein content that serves as an ideal substitute of milk butter. Largely used as a sandwich spread, it can either be used with other kind of spreads or in savory sauces, bakery products and smoothies.
The North America peanut butter market is currently being driven by several factors. Peanut butter is considered as a staple food and it is used in households as a spread for breakfast and lunch, or as a snack. The rising demand for peanut butter in bakeries and confectionaries for preparing cookies, cupcakes, pies, biscuits, muffins, cakes, stuffed celery, frosting, peanut butter rolls, and brownies, has catalyzed the market growth in the region. Furthermore, it is also utilized in salad dressings, vegetable sauces, soups, corn bread, meat loaf and boiled custard. Apart from this, the easy availability of peanut butter variants, including creamy, crunchy/chunky, natural, reduced fat and honey roasted peanut butter, has also spurred its demand in the region. Moreover, the increasing health-consciousness, rising cases of lifestyle diseases, and the need for nutritious and low-calorie food products is anticipated to support the demand for peanut butter in the upcoming years owing to its numerous health benefits.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America peanut butter market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on product type and distribution channel.
- Key Regions Analysed
- Analysis for Each Country
- Market by Product Type
- Crunchy Peanut Butter
- Smooth Peanut Butter
- Others
- Market by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
'000 Tons, US$ Million |
Segment Coverage |
Product Type, Distribution Channel, Country |
Countries Covered |
United States, Canada |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the North America peanut butter market performed so far and how will it perform in the coming years?
- What are the key regions in the North America peanut butter market?
- What has been the impact of COVID-19 on the North America peanut butter market?
- What is the breakup of the North America peanut butter market on the basis of product type?
- What is the breakup of the North America peanut butter market on the basis of distribution channel?
- What are the various stages in the value chain of the North America peanut butter industry?
- What are the key driving factors and challenges in the North America peanut butter industry?
- What is the structure of the North America peanut butter industry and who are the key players?
- What is the degree of competition in the North America peanut butter industry?
- What are the profit margins in the North America peanut butter industry?