The nut butters market is experiencing a significant growth, and will grow considerably in next few years. The ‘nut butters’ is a common term for any type of spreadable food products that are prepared from blended or crushed nuts.
The nut butters have gained popularity from the last few years and the demand is increasing considerably. In earlier days, the only available substitute was peanut butter to the dairy butters, but over the past few years, the technological advancements and the increasing consumer awareness regarding the nut butters or plant-based butters, has uplifted the growth of myriad varieties of plant-based butter.
COVID-19 Impact analysis
- The shutdown of economies across the globe due to COVID-19 pandemic resulted in low production and growth which resulted in stagnation in the Nut Butters market.
- The demand for the healthier food and including the plant based nutritious butter in the food during the pandemic increased the demand for the Natural Cheese as people are inclined towards the healthy foods and snacks.
- However, the fact cannot be ignored that the lockdown during the COVID-19 resulted in low production and disruptions in supply chain of Nut Butters market.
Top Impacting Factors
- The nut butters are sourced from various nuts and seeds that are enriched with protein, essential fatty acids, fiber, and other health beneficial nutrients. These benefits are contributing towards the growth of the nut butters market.
- Increase in the awareness of the health-conscious consumers regarding the benefits and technological advancements have resulted in the growth and flourishment of the Nut Butter Market.
- The plant-based butters are normally prepared by roasting, crushing/grinding and store at a low temperature. Apart from food industry, the nut butters have wider applications in the cosmetics and personal care industry that is increasing its demand in the global market. Thus, contributing towards the growth of the market.
Rise in demand for plant-based butters
The rising health concerns regarding dairy butter consumption because of its fat content has increased the demand for the alternative plant-based butters such as seeds, and nut butters. Seeds and nuts are high nutrient value foods and have been regular components of human diet since past times. Nut butters are generally consumed as spreads over various snacks and food products as they are good taste enhancers and are handy to use.
The various health benefits
The nut butters are enriched with antioxidants, and various vital vitamins (B7, C & E) and minerals such as manganese, selenium, along with phenols, flavonoids, polyphenols, and magnesium. That prevents cancer, maintains blood cholesterol level and blood pressure, and also prevents CVDs (cardiovascular diseases). Additionally, the increase in the incidences of dairy butter-based food allergies can be witnessed along with awareness regarding animal welfare have contributed to the growing trend for veganism. Apart from veganism, the vegetarian population are another key factor that is driving the growth of nut butters market.
Key Benefits of the Report
- This study presents the analytical depiction of the Nut Butters industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Nut Butters market share.
- The current market is quantitatively analyzed to highlight the Nut Butters market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Nut Butters market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Report
- Who are the leading market players active in the Nut Butters market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is " Nut Butters " Market prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the driving factors and opportunities in the market?
- What are the current trends and predicted trends?
- What are the challenges faced in the " Nut Butters " Market?
Nut Butters Market Report Highlights
By Product Type
Key Market Players
Big Spoon Roasters, NuttZo Co, Funky Nut Company, Barney & Co, Nuts’N More, Bliss Nut Butters, Justin's, Nuttzo, Once Again Nut Butter, California, LLC, Blue Mountain Organics, Wild Friends, CACHE CREEK FOODS, The J. M. Smucker Co., Yumbutter, Hormel Foods Corporation, Barney Butter, Krema Nut Company, Eliot’s Adult Nut Butters, Futter’s Nut Butters, Georgia Grinders, Hain Celestial