This thorough Peanut Butter Market analysis empowers buyers to grasp the dynamics of the market, delving into the influential factors impacting it throughout the forecast period. It sheds light on recent industry advancements, product launches, collaborative efforts, and business consolidations among key players and brands. The Peanut Butter Market report offers insights derived from SWOT analysis, outlining market drivers and restraints, coupled with projected Compound Annual Growth Rate (CAGR) figures for historical and base years.

Moreover, the report elucidates market definitions, classifications, applications, and engagements, providing a comprehensive understanding for buyers. By exploring key factors like competitive landscape analysis, trends, opportunities, marketing strategies, market impact analysis, and consumer preferences across major regions, types, and applications in the Global Peanut Butter Market, this report equips buyers to navigate the industry's past, present, and future landscape. To facilitate comprehension, numerical and statistical data are presented graphically, offering a clear depiction of key insights.

Data Bridge Market Research analyses that the peanut butter market was valued at USD 4.77 billion in 2021 and is expected to reach USD 7.19 billion by 2029, registering a CAGR of 6.60% during the forecast period of 2022 to 2029.

Definition

Peanuts are a staple crop farmed all over the world and are economically utilized to make oil, butter, flour, confections, and snack foods. Peanut butter, which is created by crushing and dry-roasting peanuts, is one of the most popular food spreads. It's an energy-dense food that's commonly sold as a milk butter alternative. It also contains fiber, protein, and unsaturated fats and a variety of minerals such as magnesium, zinc, potassium, and vitamin E.

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Key Growth Drivers:

• Rising incidences of obesity

The rise in incidences of obesity will flourish the market's growth rate. Consumers all over the world are switching to healthier breakfast and snack options as obesity rates rise.

• Emergence of food-on the-go trend

The industry is predicted to rise due to the emergence of food-on the-go trend. The current population exhibits a lack of cooking skills and a higher level of technology literacy, leading people to seek readily available nutritious food products on the market. This has been attributed to the current trend of "food-on-the-go" and is the primary priority of customers while purchasing food goods.

Furthermore, rising urbanization, and increasing level of disposable income will drive market value growth. Also, growing prevalence of chronic diseases such as heart problems and blood pressure will cushion the growth rate of peanut butter market. Another significant factor influencing the market's growth rate is the increasing awareness about the health benefits of peanut oil.

The report emphasizes the participation of key entities, notably:

• Unilever (UK)
• Procter & Gamble (US)
• The J.M. Smucker Company (US)
• Hormel Foods Corporation (US)
• Boulder Brands (US)
• The Kraft Heinz Company (US)
• Algood Food Co. (US)
• Conagra Brands, Inc. (US)
• Britannia Dairy Private Limited (Bengaluru)
• Hormel Foods Corporation (US),
• Justin's, LLC (US)
• The Leavitt Corporation (US)
• DiSano (India)
• Alpino (India)
• Pintola (India)

Key Market Perspectives:

• Thorough examination of prevailing market tendencies
• Updates on the latest product advancements and innovations
• Peanut Butter market's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
• Strategies and activities of prominent players and brands in the field
• Insights into the industry landscape for emerging participants

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Key Market Segmentation

By Product Type (Smooth Peanut Butter, Crunchy Peanut Butter, Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, Others)

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