Market Analysis and Insights: Global Peanut Butter Market
Peanut butter market is anticipated to dominate the market with a market value of USD 4.20 billion in 2019 and is expected to grow with a growth rate of 6.10% in the forecast period of 2020 to 2027. Growing usage of peanut oil for skin care products and medicinal purposes will act as a driving factor for the peanut butter market in the forecast period of 2020- 2027.
Peanut butter is a spread made from dry roasted peanuts which is served as a spread on toast, bread and it is also used to make sandwiches along with this, it is popular in many countries and flex premium peanut butter is considered as the best peanut better. Increasing disposable income of the people, growing population, rising awareness about the health benefits of peanut oil, changes in eating habit are some of the factors that will enhance the growth of the peanut butter market in the forecast period of 2020-2027. On the other hand, consumers are getting concerned about their health due to increasing chronic diseases such as blood pressure and heart problems will further create new opportunities for the peanut butter market in the above-mentioned period.
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High expense of peanut oil production may hamper the growth of the peanut butter market in the forecast period of 2020-2027.
This peanut butter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on peanut butter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Peanut Butter Market Scope and Market Size
Global Peanut butter market is segmented on the basis of product type and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of product type, the peanut butter market is segmented into smooth peanut butter, crunchy peanut butter and others.
Based on distribution channel, the peanut butter market is segmented into supermarkets and hypermarkets, convenience stores, online stores and others.
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Peanut Butter Market Country Level Analysis
Peanut butter market is analysed and market size, volume information is provided by country, product type and distribution channel as referenced above.
The countries covered in the peanut butter market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will contribute the largest market share, followed by Europe over the forecast period. In North America, the U.S. is expected to contribute maximum market share due to the consumer's high disposable income. However, the peanut butter market in emerging economies such as Asia-Pacific is expected to see the fastest growth due to growing consumer disposable incomes.
The country section of the peanut butter market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Peanut Butter Market Share Analysis
Peanut butter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to peanut butter market
The major players covered in the peanut butter market report are
· Procter & Gamble
· The J.M. Smucker Company
· Hormel Foods Corporation
· Boulder Brands
· Kraft Foods
· Algood Food Co.
· Conagra Brands
· Dr. Oetker India Pvt. Ltd.
· Britannia Dairy Private Limited
among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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