Industry Background:
Peanut Butter is food product which contain high protein, low calorie product that possess high nutritional value. It is used as alternatives for dairy butter and bread spread. There are various application of peanut butter including it is used in the form of spread as well as it is used as the substitute for milk butter. Consumption of peanut butter have various health benefits including it possess optimum nutrition value and it helps to reduce the weight. Additionally, peanut butter is available in powder form which used as breakfast food, savory sauces and smoothies. Rising awareness about the autoimmune diseases including Celiac disease is growing the requirement of low calorie nutritional food thus fueling the demand of peanut butter all over the world.
According to AMA, the market for Peanut Butter is expected to register a CAGR of 10.9% during the forecast period to 2026. This growth is primarily driven by Raising the Need of Low Calorie Nutritional Food and Growing Consumer Awareness about Healthy Diet.
Globally, a noticeable market trend is evident High Demand in Cosmetic and Personal Care Industry
. The Food Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Procter & Gamble (United States), Unilever (United Kingdom), The J.M. Smucker Company (United States), Hormel Foods Corporation (United States), Kraft Canada Inc. (United States), Algood Food Company Inc. (United States), ConAgra Foods Inc. (United States), The Hershey Company (United States), Kraft Heinz (United States) and Algood Food Company (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 19th April 2018, Procter & Gamble has acquired Merck KGaA's consumer health unit. The deal is established for 4.2 billion dollar.
Market Drivers
- Raising the Need of Low Calorie Nutritional Food
- Growing Consumer Awareness about Healthy Diet
Market Trend
- High Demand in Cosmetic and Personal Care Industry
- Peanut Butter as an Ingredient of Snacks
- Increasing Influence of US Culture Using Peanut Butter as A Staple Food
Restraints
- Lack of Awareness about the Health Benefits in Emerging Nations
- Unstable Production of Peanut
Opportunities
Rising Use of Peanut Butter as Shades on the Palette Of Cosmetic Products
Challenges
Lower Yields of Peanuts
AMA Research follow 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 showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse 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 include 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 Butter Study Sheds Light on
The Peanut Butter Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Peanut Butter industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Peanut Butter 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 value they currently claim, or capture the new addressable opportunity.