About Peanut Paste
Peanut paste is a delicious smooth spread made of roasted peanuts and can be used in various applications. Peanuts are a rich source of healthy protein, fats, and fiber. It comprise plenty of phosphorous, magnesium, and vitamins. It is low in carbohydrates and nutrient-rich. The peanut paste market has witnessed significant growth due to its rising awareness of peanut paste benefits among consumers. In addition, increasing adoption of a high protein diet is expected to boost the peanut paste market. The increasing application of peanut paste in various cuisines provides vast market opportunities for the market. Peanut paste is healthy option because it does not contain any harmful cholesterol and transfat. Also, it is a healthy alternative of protein for vegetarians. This has also turned out to be extremely popular among children as well.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of solutions for Peanut Paste is expected to grow with rising demand from number of end use industries. Numerous companies are operating in the market to provide Peanut Paste for numerous food and beverages products. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. In addition, market profitability is attracting new entrant which is turn impacted on competitive rivalry. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Peanut Paste market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hormel Foods Corporation (United States), The J. M. Smucker Co. (United States), Kraft Foods (United States), Algood Food Company (United States), Conagra Brands, Inc. (United States), Saratoga Peanut Butter Company (United States), The Leavitt Corporation (United States), Cape May Peanut Butter Co. (United States), Ruparel Foods (India), Crazy Richard (United States) and Smithville Peanut Butter Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Peanut Butter & Co. (United States) and Sonya Foods (India).
Segmentation Overview
AMA Research has segmented the market of Global Peanut Paste market by , Application (Cooking, Confectioneries, Bakery Products and Snacks) and Region.
On the basis of geography, the market of Peanut Paste has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Peanut Paste market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Supermarkets/Hypermarkets will boost the Peanut Paste market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Pouches will boost the Peanut Paste market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Due to Low-calorie Products with High Protein content, Peanut Paste Serves as a Substitute for Milk Butter and Growing Demand due to E-Commerce Segment and Emphasizing On Marketing and Advertising Strategies
Market Growth Drivers:
High Consumption of Peanut Paste includes Various Benefits such as to Reduce the Weight and High Demand from food and Beverage Industry
Challenges:
Growing Dominance of Local Players in Market
Restraints:
Fluctuation in the Price of Raw Material
Opportunities:
Growing Food and Beverage Industry in Developing Countries and Rising Preferences for Nutritious Product among Population
Market Leaders and their expansionary development strategies
In Nov 2018, The Boston Celtics announced their official partnership with Teddie Natural Peanut Butter, the top-selling peanut butter brand throughout the Northeast.
In July 2019, Conagra Brands Launches Robust Pipeline Of New Food Innovation. The company is kicking off its fiscal year with dozens of new product launches across the four domains in which its iconic and emerging brands compete: Frozen & Refrigerated Meals, Snacks & Sweet Treats, Condiments & Enhancers, and Shelf-Stable Meals & Sides.
Key Target Audience
Peanut Paste Manufacturers, Peanut Paste Distributors, Research and Development Institutes, Potential Investors and Raw Material Suppliers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.