IMARC Group, a leading market research company, has recently releases report titled “North America Peanut Butter Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast to 2026” The study provides a detailed analysis of the industry, including the North America peanut butter market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the North America peanut butter market?
The North America peanut butter market reached a volume of 258.7 Kilo Tons in 2020. Looking forward, IMARC Group expects the market to reach a volume of 311.2 Kilo Tons by 2026.
Industry Insight:
Peanut butter is a spread made from ground-roasted peanuts. It is commonly used as a sandwich filling or as an ingredient in baking and cooking. Peanut butter is rich in protein, healthy fats, fiber, and various vitamins and minerals, making it a popular food choice for health-conscious consumers. It is also a popular alternative to dairy-based spreads for those with dairy sensitivities or who follow a vegan or plant-based diet. Peanut butter is available in various forms, including creamy or chunky, and can be found in most grocery stores. In addition to its health benefits, peanut butter is known for its versatility, as it can be used as a spread, as a dip for fruit and crackers, or as an ingredient in a wide range of recipes, from smoothies and sauces to baked goods and candies.
Market Trends and Drivers:
The increasing health consciousness, along with the growing demand for healthy and nutritious food products represents a significant factor driving the market growth in North America. In addition to this, the growing consumption of peanut butter as a popular ingredient in snack and protein bars is contributing to the market growth across the region. Other factors, such as easy product accessibility, higher disposable income levels, and a thriving retail industry, contribute to the high demand and consumption of peanut butter in the region.
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Key Market Segmentation:
The report has segmented the North America peanut butter market on the basis of product type, distribution channel and country.
Breakup by Product Type:
- Crunchy Peanut Butter
- Smooth Peanut Butter
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Country:
- United States
- Canada
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The global Peanut Butter Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the peanut butter market include Procter & Gamble, Unilever, The J.M.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Peanut Butter Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/peanut-butter-market/download-sampleMarket DynamicsThe market is predominantly driven by growing health awareness and the inclination of consumers towards low-calorie healthy diets.
The growing consumer population with weight diseases or rising obesity prevalence and increasing disposable income in developed and developing economies are major factors expected to encourage market growth.
Further, the accelerating demand for convenience food and ready-to-eat meals propels the industry's growth globally.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
