Report Code: A14129 | Pages: NA | Mar 2023 | 1071 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Peanut Butter Market
Request Now !The peanut butter market has experienced a significant growth, and is expected to grow considerably in next few years. Peanut butter is a low-calorie product with high protein content prepared from grinding of dry roasted peanuts. It serves as a substitute for the dairy butter. Peanut butter can be used as toppings for food products like bread, crackers, and many others. Peanut butter finds application in several end-user sectors such as bakery, savory and sauces, smoothies, and many more. Peanut butter is a rich source of energy that can be used as an alternative to milk butter. Apart from the energy derived from the consumption, peanut butter is a good source of protein, fiber, unsaturated fat, and minerals such as magnesium, zinc, potassium, and vitamin E.
COVID-19 Impact Analysis
Top Impacting Factors
The nutritional value obtained from the consumption of peanut butter; the global market is slated to witness robust growth over the coming years. Moreover, the growth in population size of consumers with weight diseases and increase in disposable income of consumers in developed and developing countries are major factors expected to promote the growth of the global peanut butter.Â
In addition, the surge in demand for convenience food and ready-to-eat meals is a strong force fueling the industry's growth globally.
The primary factor slated to hamper the growth of the global peanut butter market is the rise in the product price in the global market. There is competition among key players in the industry on the prices of products, which is anticipated to affect the market’s growth over the coming years.
Market Trends
Growth in Demand for Nutritional ProductsÂ
Peanut butter is a high-quality food product with several nutritional benefits associated with its consumption. It is a good source of protein, fat, fiber, mineral, and vitamins.
Changing LifestyleÂ
Key Benefits of the Report
Questions Answered in the Peanut Butter Market Research Report
Peanut Butter Market Report Highlights
Aspects | Details |
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By Form |
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By Product Type |
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By Distribution Channel |
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Key Market Players | Procter & Gamble, Unilever, The J.M. Smucker Company, Hormel Foods Corporation, Boulder Brands Inc, Kraft Canada Inc, Algood Food Company Inc. |
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