Product Code: MRFR/F-B & N/0791-CR
Nut Butters Market Research Report Forecast till 2028
Market Overview
Nut Butters Market is anticipated to register a CAGR of 4.50% during the review period. The developing recurrence of lactose prejudice and expanding interest in plant-based butter are the key market drivers improving the market development.
The interest in plant-based butter choices, for example, seeds has flooded because of the developing wellbeing worries over the utilization of dairy butter because of its fat substance. High-nutrient food sources like nuts and seeds have for some time been a piece of the human eating routine. Since they act as advantageous taste enhancers, it is commonly utilized as spreads over different titbits and different things. Cancer prevention agents, a few fundamental nutrients (B7, C, and E), minerals including manganese and selenium, phenols, flavonoids, polyphenols, and magnesium, are undeniably added to nut butter.
The pattern toward food in a hurry is supposed to develop, which will help the business. Individuals today will generally need culinary abilities and have a more noteworthy level of computerized education, which makes them search for effectively open, nutrient-thick food items on the market. This has been attributed to the current "food-on-the-go" pattern and is what customers esteem most while purchasing food items. Moreover, expanded urbanization and rising discretionary cashflow levels will fuel market esteem development. Moreover, the market for peanut butter will have a slower speed of development because of the rising recurrence of persistent circumstances, including hypertension and cardiovascular challenges.
Market Segmentation
Based on product type, the Nut Butters market segmentation includes Peanut, Almond, Cashew, Hazelnut, and Others.
Based on category, the market is bifurcated into includes Conventional and Organic. Based on Distribution channel the market is divided into Store-Based and Non-Store-Based.
Regional Insights
The North America Nut Butters market represented USD 43.90 billion in 2021 and is supposed to show a critical CAGR development during the review time frame. The flood in longing for plant-based dinners, nutritious food varieties, and solid eating regimens is generally to fault for the rising interest in North America. In North America, interest in and energy for plant-based diets and veganism are extending. More than 9.5 million Americans now consume nut butter, as indicated by an MRFR study.
Makers of nut butter are expected to find the Asia-Pacific Nut butter market region to be a rewarding regional market all through the examination period. The Region had 21.17% of the overall nut butter market in 2021, which is expected to develop at a CAGR of 5.43% from 2022 to 2030.
The second-biggest market share has a place with the European Nut Butters market. This is welcomed on by the working on way of life and the impact of critical significant entertainers here.
Major Players
The Nut Butters market major player include Hormel Foods Corporation (US), Hain Celestial (US), The J. M. Smucker Co. (US), Bliss Nut Butters (US), Barney & Co. California LLC (US), East Wind Nut Butters (US), NuttZo Co (US), Krema Nut Company (US), Pip & Nut (UK), Once Again Nut Butter (US), and others.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 14
- 1.1 MARKET ATTRACTIVENESS ANALYSIS 15
- 1.1.1 GLOBAL NUT BUTTER MARKET, BY PRODUCT TYPE 16
- 1.1.2 GLOBAL NUT BUTTER MARKET, CATEGORY 17
- 1.1.3 GLOBAL NUT BUTTER MARKET, DISTRIBUTION CHANNEL 18
- 1.1.4 GLOBAL NUT BUTTER MARKET, BY REGION 19
2 MARKET INTRODUCTION 20
- 2.1 DEFINITION 20
- 2.2 SCOPE OF THE STUDY 20
- 2.3 RESEARCH OBJECTIVE 20
- 2.4 MARKET STRUCTURE 21
- 2.5 KEY BUYING CRITERIA 21
3 RESEARCH METHODOLOGY 22
- 3.1 RESEARCH PROCESS 22
- 3.2 PRIMARY RESEARCH 23
- 3.3 SECONDARY RESEARCH 24
- 3.4 MARKET SIZE ESTIMATION 25
- 3.5 FORECAST MODEL 26
- 3.6 LIST OF ASSUMPTIONS & LIMITATIONS 27
4 MARKET DYNAMICS 28
- 4.1 INTRODUCTION 28
- 4.2 DRIVERS 29
- 4.2.1 RISING PREVALENCE OF LACTOSE INTOLERANCE 29
- 4.2.2 INCREASING ADOPTION OF VEGETARIAN AND VEGAN DIET 29
- 4.2.3 DRIVERS IMPACT ANALYSIS 29
- 4.3 RESTRAINT 30
- 4.3.1 ALLERGEN REACTION ASSOCIATED WITH CERTAIN NUTS 30
- 4.3.2 RESTRAINT IMPACT ANALYSIS 30
- 4.4 OPPORTUNITIES 30
- 4.4.1 DEMAND FOR ORGANIC FOOD PRODUCTS 30
- 4.4.2 GROWTH OF THE ORGANIZED RETAIL SECTOR IN ASIA-PACIFIC 31
5 MARKET FACTOR ANALYSIS 32
- 5.1 VALUE CHAIN ANALYSIS 32
- 5.1.1 RAW MATERIAL PROCUREMENT 33
- 5.1.2 PROCESSING 33
- 5.1.3 PACKAGING 33
- 5.2 SUPPLY CHAIN ANALYSIS 34
- 5.3 PORTER'S FIVE FORCES MODEL 35
- 5.3.1 THREAT OF NEW ENTRANTS 35
- 5.3.2 BARGAINING POWER OF SUPPLIERS 36
- 5.3.3 THREAT OF SUBSTITUTES 36
- 5.3.4 BARGAINING POWER OF BUYERS 36
- 5.3.5 INTENSITY OF RIVALRY 36
6 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL NUT BUTTER MARKET 37
7 GLOBAL NUT BUTTER MARKET, BY PRODUCT TYPE 38
- 7.1 OVERVIEW 38
- 7.1.1 GLOBAL NUT BUTTER MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2022-2030 39
- 7.2 PEANUT 39
- 7.2.1 PEANUT: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 39
- 7.3 ALMOND 40
- 7.3.1 ALMOND: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 40
- 7.4 CASHEW 41
- 7.4.1 CASHEW: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 41
- 7.5 HAZELNUT 42
- 7.5.1 HAZELNUT: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 42
- 7.6 OTHERS 43
- 7.6.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 43
8 GLOBAL NUT BUTTER MARKET, BY CATEGORY 44
- 8.1 OVERVIEW 44
- 8.1.1 GLOBAL NUT BUTTER MARKET ESTIMATES & FORECAST, BY CATEGORY, 2022-2030 45
- 8.2 CONVENTIONAL 45
- 8.2.1 CONVENTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 45
- 8.3 ORGANIC 46
- 8.3.1 ORGANIC: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 46
9 GLOBAL NUT BUTTER MARKET, BY DISTRIBUTION CHANNEL 47
- 9.1 OVERVIEW 47
- 9.1.1 GLOBAL NUT BUTTER MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2022-2030 48
- 9.2 STORE-BASED 49
- 9.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 49
- 9.3 NON-STORE-BASED 50
- 9.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 50
10 GLOBAL NUT BUTTER MARKET, BY REGION 51
- 10.1 OVERVIEW 51
- 10.2 NORTH AMERICA 53
- 10.2.1 US 56
- 10.2.2 CANADA 57
- 10.2.3 MEXICO 59
- 10.3 EUROPE 61
- 10.3.1 UK 64
- 10.3.2 GERMANY 65
- 10.3.3 FRANCE 67
- 10.3.4 ITALY 68
- 10.3.5 SPAIN 70
- 10.3.6 REST OF EUROPE 71
- 10.4 ASIA-PACIFIC 73
- 10.4.1 CHINA 76
- 10.4.2 INDIA 77
- 10.4.3 JAPAN 79
- 10.4.4 AUSTRALIA & NEW ZEALAND 80
- 10.4.5 REST OF ASIA-PACIFIC 82
- 10.5 REST OF THE WORLD 84
- 10.5.1 SOUTH AMERICA 86
- 10.5.2 MIDDLE EAST 88
- 10.5.3 AFRICA 89
11 COMPETITIVE LANDSCAPE 91
- 11.1 INTRODUCTION 91
- 11.1.1 MARKET STRATEGY ANALYSIS 91
- 11.2 COMPETITIVE BENCHMARKING 92
- 11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 93
12 COMPANY PROFILES 94
- 12.1 HORMEL FOODS CORPORATION 94
- 12.1.1 COMPANY OVERVIEW 94
- 12.1.2 FINANCIAL OVERVIEW 95
- 12.1.3 PRODUCTS OFFERED 95
- 12.1.4 KEY DEVELOPMENTS 96
- 12.1.5 SWOT ANALYSIS 96
- 12.1.6 KEY STRATEGIES 97
- 12.2 HAIN CELESTIAL 98
- 12.2.1 COMPANY OVERVIEW 98
- 12.2.2 FINANCIAL OVERVIEW 98
- 12.2.3 PRODUCTS OFFERED 99
- 12.2.4 KEY DEVELOPMENTS 99
- 12.2.5 SWOT ANALYSIS 100
- 12.2.6 KEY STRATEGIES 100
- 12.3 THE J. M. SMUCKER CO 101
- 12.3.1 COMPANY OVERVIEW 101
- 12.3.2 FINANCIAL OVERVIEW 101
- 12.3.3 PRODUCTS OFFERED 102
- 12.3.4 KEY DEVELOPMENTS 102
- 12.3.5 SWOT ANALYSIS 103
- 12.3.6 KEY STRATEGIES 103
- 12.4 BLISS NUT BUTTERS 104
- 12.4.1 COMPANY OVERVIEW 104
- 12.4.2 FINANCIAL OVERVIEW 104
- 12.4.3 PRODUCTS OFFERED 104
- 12.4.4 KEY DEVELOPMENTS 104
- 12.4.5 SWOT ANALYSIS 105
- 12.4.6 KEY STRATEGIES 105
- 12.5 BARNEY & CO. CALIFORNIA, LLC 106
- 12.5.1 COMPANY OVERVIEW 106
- 12.5.2 FINANCIAL OVERVIEW 106
- 12.5.3 PRODUCTS OFFERED 106
- 12.5.4 KEY DEVELOPMENTS 106
- 12.5.5 SWOT ANALYSIS 107
- 12.5.6 KEY STRATEGIES 107
- 12.6 EAST WIND NUT BUTTERS 108
- 12.6.1 COMPANY OVERVIEW 108
- 12.6.2 FINANCIAL OVERVIEW 108
- 12.6.3 PRODUCTS OFFERED 108
- 12.6.4 KEY DEVELOPMENTS 108
- 12.6.5 KEY STRATEGIES 108
- 12.7 NUTTZO CO 109
- 12.7.1 COMPANY OVERVIEW 109
- 12.7.2 FINANCIAL OVERVIEW 109
- 12.7.3 PRODUCTS OFFERED 109
- 12.7.4 KEY DEVELOPMENTS 109
- 12.7.5 KEY STRATEGIES 110
- 12.8 KREMA NUT COMPANY 111
- 12.8.1 COMPANY OVERVIEW 111
- 12.8.2 FINANCIAL OVERVIEW 111
- 12.8.3 PRODUCTS OFFERED 111
- 12.8.4 KEY DEVELOPMENTS 111
- 12.8.5 KEY STRATEGIES 111
- 12.9 PIP & NUT 112
- 12.9.1 COMPANY OVERVIEW 112
- 12.9.2 FINANCIAL OVERVIEW 112
- 12.9.3 PRODUCTS OFFERED 112
- 12.9.4 KEY DEVELOPMENTS 112
- 12.9.5 KEY STRATEGIES 112
- 12.10 ONCE AGAIN NUT BUTTER 113
- 12.10.1 COMPANY OVERVIEW 113
- 12.10.2 FINANCIAL OVERVIEW 113
- 12.10.3 PRODUCTS OFFERED 113
- 12.10.4 KEY DEVELOPMENTS 113
- 12.10.5 KEY STRATEGIES 113