PUBLISHER: IMARC | PRODUCT CODE: 1347643
PUBLISHER: IMARC | PRODUCT CODE: 1347643
North America Peanut Butter Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The North America peanut butter market size reached 275.5 Kilo Tons in 2022. Looking forward, IMARC Group expects the market to reach 332.8 Kilo Tons by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.
Peanut butter is a food paste which is essentially prepared from ground dry roasted peanuts. In comparison with other spreads, it is a low-calorie product with a high protein content that serves as an ideal substitute of milk butter. Largely used as a sandwich spread, it can either be used with other kind of spreads or in savory sauces, bakery products and smoothies.
The North America peanut butter market is currently being driven by several factors. Peanut butter is considered as a staple food and it is used in households as a spread for breakfast and lunch, or as a snack. The rising demand for peanut butter in bakeries and confectionaries for preparing cookies, cupcakes, pies, biscuits, muffins, cakes, stuffed celery, frosting, peanut butter rolls, and brownies, has catalyzed the market growth in the region. Furthermore, it is also utilized in salad dressings, vegetable sauces, soups, corn bread, meat loaf and boiled custard. Apart from this, the easy availability of peanut butter variants, including creamy, crunchy/chunky, natural, reduced fat and honey roasted peanut butter, has also spurred its demand in the region. Moreover, the increasing health-consciousness, rising cases of lifestyle diseases, and the need for nutritious and low-calorie food products is anticipated to support the demand for peanut butter in the upcoming years owing to its numerous health benefits.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America peanut butter market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on product type and distribution channel.
Key Regions Analysed
United States
Canada
Analysis for Each Country
Market by Product Type
Crunchy Peanut Butter
Smooth Peanut Butter
Others
Market by Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
- How has the North America peanut butter market performed so far and how will it perform in the coming years?
- What are the key regions in the North America peanut butter market?
- What has been the impact of COVID-19 on the North America peanut butter market?
- What is the breakup of the North America peanut butter market on the basis of product type?
- What is the breakup of the North America peanut butter market on the basis of distribution channel?
- What are the various stages in the value chain of the North America peanut butter industry?
- What are the key driving factors and challenges in the North America peanut butter industry?
- What is the structure of the North America peanut butter industry and who are the key players?
- What is the degree of competition in the North America peanut butter industry?
- What are the profit margins in the North America peanut butter industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Peanut Butter Market
- 5.1 Market Performance
- 5.2 Market Breakup by Product Type
- 5.3 Market Breakup by Distribution Channel
- 5.4 Market Breakup by Region
- 5.5 Market Forecast
6 North America Peanut Butter Market
- 6.1 Market Performance
- 6.2 Impact of COVID-19
- 6.3 Market Forecast
7 North America Peanut Butter Market: Breakup by Product Type
- 7.1 Crunchy Peanut Butter
- 7.2 Smooth Peanut Butter
- 7.3 Others
8 North America Peanut Butter Market: Breakup by Distribution Channel
- 8.1 Supermarkets and Hypermarkets
- 8.2 Convenience Stores
- 8.3 Online Stores
- 8.4 Others
9 North America Peanut Butter Market: Breakup by Country
- 9.1 United States
- 9.1.1 Historical Market Trends
- 9.1.2 Market Breakup by Product Type
- 9.1.3 Market Breakup by Distribution Channel
- 9.1.4 Market Forecast
- 9.2 Canada
- 9.2.1 Historical Market Trends
- 9.2.2 Market Breakup by Product Type
- 9.2.3 Market Breakup by Distribution Channel
- 9.2.4 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
- 11.1 Overview
- 11.2 Input Suppliers
- 11.3 Raw Material Procurement
- 11.4 Peanut Butter Manufacturers
- 11.5 Marketing
- 11.6 Distributors
- 11.7 Exporters
- 11.8 Retail Buyers
- 11.9 Institutional Buyers
- 11.10 End-Consumers
12 Porter's Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Rivalry
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
List of Figures
- Figure 1: North America: Peanut Butter Market: Major Drivers and Challenges
- Figure 2: Global: Peanut Butter Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Peanut Butter Market: Breakup by Product Type (in %), 2022
- Figure 4: Global: Peanut Butter Market: Breakup by Distribution Channel (in %), 2022
- Figure 5: Global: Peanut Butter Market: Breakup by Region (in %), 2022
- Figure 6: Global: Peanut Butter Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 7: North America: Peanut Butter Market: Sales Volume (in '000 Tons), 2017-2022
- Figure 8: North America: Peanut Butter Market: Sales Value (in Million US$), 2017-2022
- Figure 9: North America: Peanut Butter Market Forecast: Sales Volume (in '000 Tons), 2023-2028
- Figure 10: North America: Peanut Butter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: North America: Peanut Butter Market: Breakup by Product Type (in %), 2022
- Figure 12: North America: Peanut Butter (Crunchy Peanut Butter) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: North America: Peanut Butter (Crunchy Peanut Butter) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: North America: Peanut Butter (Smooth Peanut Butter) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: North America: Peanut Butter (Smooth Peanut Butter) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: North America: Peanut Butter (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: North America: Peanut Butter (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: North America: Peanut Butter Market: Breakup by Distribution Channel (in %), 2022
- Figure 19: North America: Peanut Butter Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2017 & 2022
- Figure 20: North America: Peanut Butter Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$), 2023-2028
- Figure 21: North America: Peanut Butter Market: Sales through Convenience Stores (in Million US$), 2017 & 2022
- Figure 22: North America: Peanut Butter Market Forecast: Sales through Convenience Stores (in Million US$), 2023-2028
- Figure 23: North America: Peanut Butter Market: Sales through Online Stores (in Million US$), 2017 & 2022
- Figure 24: North America: Peanut Butter Market Forecast: Sales through Online Stores (in Million US$), 2023-2028
- Figure 25: North America: Peanut Butter Market: Sales through Other Distribution Channels (in Million US$), 2017 & 2022
- Figure 26: North America: Peanut Butter Market Forecast: Sales through Other Distribution Channels (in Million US$), 2023-2028
- Figure 27: North America: Peanut Butter Market: Breakup by Country (in %), 2022
- Figure 28: United States: Peanut Butter Market: Sales Value (in Million US$), 2017-2022
- Figure 29: United States: Peanut Butter Market: Breakup by Product Type (in %), 2022
- Figure 30: United States: Peanut Butter Market: Breakup by Distribution Channel (in %), 2022
- Figure 31: United States: Peanut Butter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Canada: Peanut Butter Market: Sales Value (in Million US$), 2017-2022
- Figure 33: Canada: Peanut Butter Market: Breakup by Product Type (in %), 2022
- Figure 34: Canada: Peanut Butter Market: Breakup by Distribution Channel (in %), 2022
- Figure 35: Canada: Peanut Butter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: North America: Peanut Butter Industry: SWOT Analysis
- Figure 37: North America: Peanut Butter Industry: Value Chain Analysis
- Figure 38: North America: Peanut Butter Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: North America: Peanut Butter Market: Key Industry Highlights, 2022 and 2028
- Table 2: North America: Peanut Butter Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: North America: Peanut Butter Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 4: North America: Peanut Butter Market Forecast: Breakup by Country (in Million US$), 2023-2028
- Table 5: North America: Peanut Butter Market: Competitive Structure
- Table 6: North America: Peanut Butter Market: Key Players
