Peanut Butter Market Size, Trends and Insights Product Type (crunchy and Creamy), by Distribution Channel (Online and Offline) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI18751

Published Date: September 2022

Pages: 220+

Category: Food & Beverages

Reports Description

The global peanut butter market size was estimated at USD 5.56 billion in 2021 and is expected to reach USD 6.2 billion in 2022 and is expected to hit around USD 7.89 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030.

Peanut is an essential crop grown around the world and is most dominantly used for the production of oil, butter, flour, and snack products, among others. Peanut butter is a fine and crunchy paste made from the ground or roasted peanuts. It contains essential ingredients such as sweeteners, salts, emulsifiers, and others, and it involves 45% of oil and 25% of proteins. It is widely consumed across the globe.

Peanut Butter Market (By Distribution Channel)

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The global peanut butter market is evolving, and companies are now focusing more on strengthening and consolidating R&D activities; thereby increasing the production capacity of peanut butter; thus, driving the market growth by catering to the need for the peanut butter market.

Growth factors.

Increasing awareness about healthy and fit lifestyles among people will drive the peanut butter thus, increases overall potential sales of the peanut butter market. For instance, according to a report published by entrepreneur India, 10,000 to 12,000 tonnes of peanut butter is produced in the state and over 90% is exported across the globe. This is expected to enhance the overall demand for the peanut butter market will grow exponentially.

In response to this, rising trends among the young and millennial population regarding health consciousness and consumption of healthy fat-contained food have increased the overall market growth. Another key factor impeding market expansion is an increase in the number of heart-related diseases, which have provided new opportunities for the market.

Furthermore, adopting healthy lifestyles, increasing disposable income among people, and a rise in the purchasing power of consumers have escalated the overall market growth. These factors are anticipated to enhance the overall demand for peanut butter during the forecast period, thus, offering the most lucrative opportunities.

Peanut butterMarketSegmentation.

Peanut butter market, segmented by type.

Depending upon the types, the peanut butter market is segmented as crunchy and creamy.

The crunchy product type-based segment dominated the market in 2021 and accounted for 46.56% of the total share during the forecast period. The higher preference for crunchy peanut butter will increase the total market share. In addition, crunchy peanut butter is healthier than creamy due to its less saturated fat content. This factor will drive the market for the crunchy type of peanut butter market. In addition, a dietician, gym trainers, and other people prefer peanut butter because of its high protein content and 2% more fiber serving. 

According to Better Homes & Gardens data, 63% of people preferred crunchy peanut butter over creamy. 

These factors are enhancing the potential sales of the peanut butter market. Furthermore, creamy peanut butter has shown a positive growth rate during the forecast period. This is attributed to individual preferences, and the growing demand for creamy and smooth tastes has boosted the market in the upcoming years.

Peanut butter market, segment based on distribution channels 

The global peanut butter market is studied online and offline based on distribution channels. The global offline distribution channel segment is expected to hold a dominant position during 2022 -2030 with a total market share of 35.86%. The offline distribution channels involve supermarkets, stores, specialty markets, hypermarkets, departmental stores, and many others.

Factor such as ease of availability in the stores has driven the overall market during the forecast period. In addition, most people across the globe still prefer offline shopping for consumer goods. For instance, according to an article published by RIPEN, the vast majority of U.S. retail sales, 92%, still happen offline. These are the major driving element for the growth of the market.

The online distribution channel also witnessed significant growth during the forecast period.

Furthermore, growing disposable income among people and increasing consumer purchasing power is driving the market growth. In addition, the rise in the number of online retailers, advancement in technology, and fast delivery services has escalated the market growth. Ease of availability, more convenience, and the fastest delivery services are likely to boost the market in coming years. 

Peanut butter market, segment based on region

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. North America is the dominant region in the peanut butter market and accounted for 51.25% of the total market share during the forecast period. According to data revealed by National Peanut Board in the U.S., 90% of households consume peanut butter regularly, which is likely to impact the market positively during the forecast period.

In addition, Canada and Mexico country also contributed to the growth of the market. This is attributed to the fact that growing awareness about healthy lifestyles and rise in the number of health-conscious people and the growing trend of looking fit and healthy has been projected to enhance the sales of the peanut butter market in the North American region. Furthermore, the launch of new flavors and types of peanut butter is likely to attract market growth, one of the most popular flavors in America.

 Moreover, Asia-Pacific and Europe are also shown positive growth in the peanut butter market. In addition, China, India, and Japan are contributing to the market’s growth. For instance, according to a report published by Entrepreneur India, it has stated that the major groundnut-producing countries of the world are India, China, Nigeria, Senegal, Sudan, Burma, and the USA. This is likely to offer new avenues for the market.

Peanut Butter Market (trends by region)

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Moreover, several manufacturing companies are actively engaged in the production rate of various types of peanut butter. Furthermore, well-established peanut butter manufacturing plants in both developed and developing economies are expected to escalate the overall market growth during the forecast period. These factors are escalating the demand for peanut butter in the Asia-Pacific region.

Also, the region has well-established food and beverage plants where demand for peanut butter has increased.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 5.56 Billion
Projected Market Size in 2030 USD 7.89 Billion
CAGR Growth Rate 7.5% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players M. Smucker Company, Kellogg Company, Conagra Brands, Inc., Hormel Foods Corporation, Kraft Foods, Mars, Inc., Oetker Group, The Hershey Company, Unilever Plc, Associated British Foods plc, and Others
Key Segment By Product Type, By Distribution Channel, and By Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Findings: 

  • The crunchy type segment dominated the market in 2021 and is expected to grow over the forecast period with a total market share of 46.56%.
  • A global offline segment held a dominant position during 2022 -2030 and accounted for 35.86% of the total market share during the forecast period.
  • North America is the dominant region in the bio-butanol market with a total market share of 51.25% during the forecast period.

Key Development 

  • November 2021: Gujarat’s homegrown peanut butter brand, Mustin, the peanut butter and Seeds Company, has launched its most popular product variant, Chocolate-Hazelnut spread, for the first time in the country. Customers are obsessed with its creamy texture and ultra-delicious taste. Mustin is the only P.B. (peanut butter) brand that has introduced a wide range of flavored products, including Choco Peanut Butter and super flavored ones like Strawberry, Vanilla, and Choco Almont Peanut Butter, which are extremely unique savory flavors in India. This strategic product launch is expected to enhance Mustin’s potential sales for the peanut butter market. 
  • August 2022: Icelandic company, has launched Good’s peanut butter spreads that comes in creamy and crunchy varieties, are 99% sugar-free and are made using dietary fibers from chicory root. This strategic product launch has widened the peanut butter market in the U.S.
  • April 2022: Marico Company has launched a new product named Suffolk peanut butter Saffola Peanut Butter is the latest addition to this bestselling tasty yet healthy range in their product line. This strategic product launch is projected to strengthen the market portion of the peanut butter market.

Peanut Butter Market (By Product Type)

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Key market players in the peanut butter market

  • M. Smucker Company
  • Kellogg Company
  • Conagra Brands, Inc.
  • Hormel Foods Corporation
  • Kraft Foods
  • Mars, Inc.
  • Oetker Group
  • The Hershey Company
  • Unilever Plc
  • Associated British Foods plc

COVID-19 Analysis

The COVID-19 impact on the peanut butter market is positive due to an increase in awareness about healthy styles and healthy food. Peanut butter offers high protein content, low calories, and healthy fat due to which it is the most preferred butter among the young population. In addition, the guidelines and policies of logistics and supply chain of the peanut butter products were affected slightly. In the first quarter of 2020, it has been observed that people were buying peanut butter through online platforms owing to which has enhanced the global peanut butter market. Furthermore, several manufacturers have increased their production capacities for Peanut butter in order to meet the growing high demand.

In addition, as the restrictions imposed due to lockdowns are being lifted in the fourth quarter of the pandemic, the healthcare, pharmaceutical, among other sector is expected to recover soon owing to the record peanut butter production unit in both developed and developing economies.

Segments covered in the report

Key market segments

By Product Type

  • Crunchy
  • Creamy

By Distribution channel

  • Online
  • Offline

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Peanut Butter Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Peanut Butter Market: snapshot
  • Chapter 3. Global Peanut Butter Market – Industry Analysis
    • 3.1 Peanut Butter Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing Health Awareness
      • 3.2.2 Increasing Health Awareness
      • 3.2.3 Increasing Demand for High Protein Food products
      • 3.2.4 Increasing Health Awareness
      • 3.2.5 Increasing Demand for High Protein Food Products
      • 3.2.6 Increasing Health Awareness
      • 3.2.7 Increasing Demand for High Protein Food Products
      • 3.2.8 Rising Trend of Health Consciousness
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Outlook
      • 3.7.2 Market attractiveness analysis By Distribution Channel
  • Chapter 4. Global Peanut Butter Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Peanut Butter Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Peanut Butter Market – Outlook Analysis
    • 5.1 Global Peanut Butter Market overview: By Outlook
      • 5.1.1 Global Peanut Butter Market share, By Outlook, 2021 and 2030
    • 5.2 Crunchy
      • 5.2.1 Global Peanut Butter Market by Crunchy, 2022 – 2030 (USD Billion)
    • 5.3 Creamy
      • 5.3.1 Global Peanut Butter Market by Creamy, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Peanut Butter Market – Distribution Channel Analysis
    • 6.1 Global Peanut Butter Market overview: By Distribution Channel
      • 6.1.1 Global Peanut Butter Market share, By Distribution Channel, 2021 and 2030
    • 6.2 Online
      • 6.2.1 Global Peanut Butter Market by Online, 2022 – 2030 (USD Billion)
    • 6.3 Offline
      • 6.3.1 Global Peanut Butter Market by Offline, 2022 – 2030 (USD Billion)
    • 6.4 Supermarkets and Hypermarkets
      • 6.4.1 Global Peanut Butter Market by Supermarkets and Hypermarkets, 2022 – 2030 (USD Billion)
    • 6.5 Convenience Stores
      • 6.5.1 Global Peanut Butter Market by Convenience Stores, 2022 – 2030 (USD Billion)
  • Chapter 7. Peanut Butter Market – Regional Analysis
    • 7.1 Global Peanut Butter Market Regional Overview
    • 7.2 Global Peanut Butter Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Peanut Butter Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Peanut Butter Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Peanut Butter Market, by Outlook, 2022 – 2030
      • 7.4.1 North America Peanut Butter Market, by Outlook, 2022 – 2030 (USD Billion)
    • 7.5 North America Peanut Butter Market, by Distribution Channel, 2022 – 2030
      • 7.5.1 North America Peanut Butter Market, by Distribution Channel, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Peanut Butter Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Peanut Butter Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Peanut Butter Market, by Outlook , 2022 – 2030
      • 7.7.1 Europe Peanut Butter Market, by Outlook , 2022 – 2030 (USD Billion)
    • 7.8 Europe Peanut Butter Market, by Distribution Channel, 2022 – 2030
      • 7.8.1 Europe Peanut Butter Market, by Distribution Channel, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Peanut Butter Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Peanut Butter Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Peanut Butter Market, by Outlook , 2022 – 2030
      • 7.10.1 Asia Pacific Peanut Butter Market, by Outlook , 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Peanut Butter Market, by Distribution Channel, 2022 – 2030
      • 7.11.1 Asia Pacific Peanut Butter Market, by Distribution Channel, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Peanut Butter Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Peanut Butter Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Peanut Butter Market, by Outlook , 2022 – 2030
      • 7.13.1 Latin America Peanut Butter Market, by Outlook , 2022 – 2030 (USD Billion)
    • 7.14 Latin America Peanut Butter Market, by Distribution Channel, 2022 – 2030
      • 7.14.1 Latin America Peanut Butter Market, by Distribution Channel, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Peanut Butter Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Peanut Butter Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Peanut Butter Market, by Outlook , 2022 – 2030
      • 7.16.1 The Middle-East and Africa Peanut Butter Market, by Outlook , 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Peanut Butter Market, by Distribution Channel, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Peanut Butter Market, by Distribution Channel, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 J.M. Smucker Company
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Kellogg Company
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Conagra Brands
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Skippy.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Hormel Foods Corporation
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Kraft Foods
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Mars
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Peter Pan.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Oetker Group
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 The Hershey Company
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Unilever Plc
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Associated British Foods plc
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Peanut Butter Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Peanut Butter Market attractiveness, By Outlook
  • 6. Global Peanut Butter Market attractiveness, By Distribution Channel
  • 7. Global Peanut Butter Market share by Outlook , 2022 and 2030 (USD Billion)
  • 8. Global Peanut Butter Market by Crunchy, 2022 – 2030 (USD Billion)
  • 9. Global Peanut Butter Market by Creamy, 2022 – 2030 (USD Billion)
  • 10. Global Peanut Butter Market share by Distribution Channel, 2022 and 2030 (USD Billion)
  • 11. Global Peanut Butter Market by Online, 2022 – 2030 (USD Billion)
  • 12. Global Peanut Butter Market by Offline, 2022 – 2030 (USD Billion)
  • 13. Global Peanut Butter Market by Supermarkets and Hypermarkets, 2022 – 2030 (USD Billion)
  • 14. Global Peanut Butter Market by Convenience Stores, 2022 – 2030 (USD Billion)
  • 15. Global Peanut Butter Market share, by Region, 2022 and 2030
  • 16. North America Peanut Butter Market, 2022 – 2030 (USD Billion)
  • 17. Europe Peanut Butter Market, 2022 – 2030 (USD Billion)
  • 18. Asia Pacific Peanut Butter Market, 2022 – 2030 (USD Billion)
  • 19. Latin America Peanut Butter Market, 2022 – 2030 (USD Billion)
  • 20. The Middle-East and Africa Peanut Butter Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Peanut Butter Market: Snapshot
  • 2. Drivers of the Peanut Butter Market: impact analysis
  • 3. North America Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 4. North America Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 5. U.S. Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 6. U.S. Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 7. Canada Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 8. Canada Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 9. Europe Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 10. Europe Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 11. Germany Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 12. Germany Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 13. France Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 14. France Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 15. U.K. Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 16. U.K. Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 17. Italy Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 18. Italy Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 19. Spain Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 20. Spain Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 21. Rest of Europe Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 22. Rest of Europe Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 23. Asia Pacific Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 25. China Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 26. China Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 27. Japan Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 28. Japan Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 29. India Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 30. India Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 31. South Korea Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 32. South Korea Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 33. South-East Asia Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 34. South-East Asia Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 35. Rest of Asia Pacific Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 36. Rest of Asia Pacific Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 37. Latin America Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 38. Latin America Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 39. Brazil Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 40. Brazil Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 41. Mexico Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 42. Mexico Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 43. Rest of Latin America Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 44. Rest of Latin America Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 45. The Middle-East and Africa Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 46. The Middle-East and Africa Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 47. GCC Countries Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 48. GCC Countries Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 49. South Africa Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 50. South Africa Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)
  • 51. Rest of Middle-East Africa Peanut Butter Market revenue, By Outlook , 2022 – 2030 (USD Billion)
  • 52. Rest of Middle-East Africa Peanut Butter Market revenue, By Distribution Channel, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key market players in the peanut butter market

  • M. Smucker Company
  • Kellogg Company
  • Conagra Brands, Inc.
  • Hormel Foods Corporation
  • Kraft Foods
  • Mars, Inc.
  • Oetker Group
  • The Hershey Company
  • Unilever Plc
  • Associated British Foods plc

FAQs

The global Electric Wheelchair market size was valued at USD 5.56 billion in 2021 and it is projected to reach around USD 7.89 billion by 2030.

The global Peanut Butter market is expanding growth with a CAGR of approximately 7.5% during the forecast period (2022 to 2030).

The key players operating in the Peanut Butter market are M. Smucker Company, Kellogg Company, Conagra Brands, Inc., Hormel Foods Corporation, Kraft Foods, Mars, Inc., Oetker Group, The Hershey Company, Unilever Plc, Associated British Foods plc

The key factors driving the market is Increasing Health Awareness, 3.2.3 Increasing Demand for High Protein Food products

The “North American” region will lead the global Peanut Butter market during the forecast period 2022 to 2030.

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