Industry Background:
Peanut paste is made up of ground and dry-roasted peanuts. It consist of several additional ingredients which modify texture and taste of peanut paste. This paste is used during routinely cooking. Along with it, paste is highly demanded at multiple ready to eat food products, breakfast cereals and confectionaries. It appears in a caramel colour and it has sticky nature. Increasing inclination of youth for protein intake is impacting on the demand in positive manner. Growing demand for organic and healthy intake and rising retail outlets for peanut paste are well known driving factors of the market. Geographically, North America is expected to grow with higher growth rate followed by Europe and Asia Pacific region.This growth is primarily driven by Growing Demand for Peanut Butter in Breakfast Cereals
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | -2027 |
Volume Unit | N |
Value Unit | Value (USD Million) |
Key Companies in Study | The Oetker Group (Germany), Olam International Limited. (Singapore), Conagra Brands, Inc. (United States), Hormel Foods Corporation (United States), The J. M. Smucker Co. (United States), Algood Food Company (United States), Kraft Foods (United States), Saratoga Peanut Butter Company (United States), Cape May Peanut Butter Co. (United States), The Leavitt Corporation (United States), Ruparel Foods (India), Crazy Richard (United States), Smithville Peanut Butter Company (United States), Peanut Butter & Co. (United States), Sonya Foods (India) and Das Footech Pvt. Ltd (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Rising Convenience of E-Commerce Platforms for Food & Beverages. Major Vendors, such as The Oetker Group (Germany), Olam International Limited. (Singapore), Conagra Brands, Inc. (United States), Hormel Foods Corporation (United States), The J. M. Smucker Co. (United States), Algood Food Company (United States), Kraft Foods (United States), Saratoga Peanut Butter Company (United States), Cape May Peanut Butter Co. (United States), The Leavitt Corporation (United States), Ruparel Foods (India), Crazy Richard (United States), Smithville Peanut Butter Company (United States), Peanut Butter & Co. (United States), Sonya Foods (India) and Das Footech Pvt. Ltd (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In March 2021, Pintola has launched India’s first ever ‘High Protein Peanut Butter’. It is available in two flavours- dark chocolate and organic jagger cravings. Company has launched this high protein butter to fulfil the requirement of routinely protein intake. It is India’s first USFDA certified high protein peanut butter. It will be available on Amazon and Flipkart, across India in all the cities. With this launch, company ha expanded its portfolio of unique products.The market of peanut paste is expected to grow with rising food industrial expenditure and the popularity of healthy and nutritious intake. Several companies are operating in the market to provide excellent features of digital BSS. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Thus, the market witnessing higher competitive rivalry.
Market Drivers
- Growing Demand for Peanut Butter in Breakfast Cereals
- Increasing Industrial Expenditure of Food & Beverages
Market Trend
- Rising Convenience of E-Commerce Platforms for Food & Beverages
Restraints
- Fluctuation of Raw Material Availability
Opportunities
Surge in Demand for Nutritious Product among Youth and Increasing Awareness regarding Protein Intake
Challenges
Major Side Effects owing to Overconsumption of Peanut
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Peanut Paste Sales Study Sheds Light on
The Peanut Paste Sales Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Peanut Paste Sales industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Peanut Paste Sales industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.