Peanut Butter Market Outlook For North America

The IMARC Group provides extensive analysis of the North America peanut butter industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on the North America peanut butter market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Informed covered in the report:

• Historical market data from 2016-2021

• CAGR of the market during the forecast period 2022-2027

• Detailed information on factors that will drive market growth during the next five years

• Precise estimation of the Keyword market size and its contribution to the parent market

• Upcoming market trends and changes in consumer behavior

• A thorough analysis of the market’s competitive landscape and detailed information on key players

• Comprehensive details of factors that will challenge the growth of smart meters market key players

Industry Overview and Application:

Peanuts are an essential crop grown across North America and are commercially used in the production of butter, oil, flour, confections, and snacks. Peanut butter is among the most consumed food spreads and is made by grinding and dry-roasting peanuts. It is mainly marketed as a substitute for milk butter and is an energy-rich product. Peanut butter offers protein, fiber, unsaturated fats, and micronutrients, including magnesium, zinc, potassium, and vitamin E. As a result of this nutritional profile, it is utilized in the preparation of various food products, such as brownies, rolls, salads, cakes, frostings, corn breads, chocolates, etc.

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Market Trends and Drivers:

The escalating shift of consumers towards healthier breakfast and snack options, on account of the rising obesity rates, is among the primary factors driving the North America peanut butter market.

Besides this, the launch of favorable policies by the government bodies to reduce the overall consumption of sweet spreads, including jam, is further augmenting the market growth. Apart from this, the elevating demand for peanut butter in bakeries and confectionaries for preparing cupcakes, pies, biscuits, muffins, cookies, stuffed celery, frosting, rolls, brownies, etc., is also catalyzing the regional market.

Moreover, the introduction of innovative product variants, such as creamy, crunchy, natural, chunky, reduced fat, and honey-roasted, is acting as another significant growth-inducing factor. Furthermore, the increasing cases of lifestyle diseases and the growing popularity of nutritious and low-calorie food items are anticipated to propel the North America peanut butter market over the forecasted period.

North America Peanut Butter Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the North America peanut butter market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the North America peanut butter market on the basis of 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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Key Highlights of the Report:

• Market Performance (2016-2021)

• Market Outlook (2022-2027)

• Market Trends

• Market Drivers and Success Factors

• Impact of COVID-19

• Value Chain Analysis

• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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