Global Peanut Butter Market is Expected to Expand at a Compound Annual Growth Rate (CAGR) of 10.0% Over the Forecast Period i.e. 2016-2024

Posted on 2018-08-17 by Goldstein Research in Food & Beverage // 0 Comments

New York, USA, 2018-Aug-17 — /EPR Network/ —

Peanut butter is delicious, nutritious, and energy dense which is the major factor for its popularity majorly in western countries. According to the data of National Peanut Board, Americans spend almost USD 800 million annually on peanut butter. With 90% of households consuming peanut butter in the United States. The National Peanut Board also stated in the report that 60% of Americans prefer smooth to chunky peanut butter. The report also claims that women prefer smooth, while men lean toward chunky peanut butter options. Peanut butter is considered as an essential food in US, Canada and Western European Countries for breakfast. About 35% of the peanuts harvested in United States is utilize for the manufacturing of peanut butter. The United States is the dominating player in global peanut butter trade and likely to maintain its position in as the world’s largest peanut butter exporter during the forecast period. China is the main contestant and, collectively with the United States, the two countries account for nearly 80% of peanut butter trade.

“Global Peanut Butter Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in peanut butter industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others.

Our primary research team conducted various interviews, surveys and group discussions of industry professionals, peanut butter manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall peanut butter industry.

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Global Peanut Butter Market Segmentation can be classified on the basis of:-

By Product Type

Fixed Robots
Mobile Robots
Gantry Robots
Stationery Articulated Robots

By Application Type

Storage
Sorting
Assembling and Disassembling
Trans-shipment
Distribution
Inspection
Consolidation
Others

By End-Users

Food and Beverage
Automotive Industry
Airport and Marine Ports
Automated Retail
Electrical and Electronics Industry
Manufacturing Industry
Others

By Geography

North America (US, Canada) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD billion), Adoption Rate (%)}

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Market Trends, Drivers and Challenges

Ease of availability and growing awareness towards healthy packaged food has significantly aided the growth of peanut butter in new markets. Younger generation is driving the majority of early morning snacking with 69% people aged between 25 and 35 are the major group, which is considerably boosting the adoption of healthy food products such as peanut butter in their morning meals. Kids are playing a vital role in the growth of peanut butter market as more than 45% of kids aged below 12 years are major consumers who preferred peanut butter in their morning snacks.

However, availability of other healthy food product substitutes with appealing taste has adversely affected the growth of peanut butter market in recent years. New player are entering with healthy and tasty alternatives, which is expected to decline the consumer base of peanut butter market.

“Global Peanut Butter Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global peanut butter market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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Our analysts working on food & beverages industry research reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

By Product Type

By Application Type

By End-Users

By Geography

About Goldstein Research

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