2023-12-28 15:49:35
땅콩 버터 시장 동향: 미래 수요, 점유율, 성장 기회 및 2035년 전망
In addition, for in-depth analysis, the report includes industry growth drivers, restraints, supply and demand risks, market attractiveness, BPS analysis, and Porter's Five Forces model.
Peanut butter is a sandwich spread commonly found worldwide, particularly in the United States, and is loved by all children and adults. With the recent trend of "eating quickly" and growing interest in healthy lifestyles, modern people have turned to peanut butter for convenient breakfast recipes. It is widely used in sandwiches these days due to its numerous attached health benefits.
The peanut butter market is expected to exhibit a high achievable CAGR during the forecast period, namely 2020–2028. The market is segmented by type, distribution channel, and region. Among product types, the plain peanut butter segment is the leading segment and is expected to hold the highest market share during the forecast period due to the ease of spreading the butter and its compatibility with various smoothies and desserts. Among distribution channels, the supermarket/hypermarket segment holds the largest share due to its accessibility. The online segment is expected to grow at the fastest rate, particularly due to the convenience provided to customers while shopping under the current COVID-19 scenario.
Regionally, the peanut butter market is classified into five major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America took the top spot in market share, followed by Europe. This growth is primarily due to peanut butter becoming a staple breakfast ingredient in the region.
The Asia-Pacific region is expected to grow at the fastest rate, driven by a surge in demand for convenient and healthy foods desi cow ghee, rising disposable income, the adaptation of Western breakfasts, and increased awareness, particularly through social media.
Latin America, the Middle East, and Africa are expected to see significant growth in the peanut butter market. This is due to the rising preference for healthy lifestyles and increased willingness to spend on peanut butter.
Health concerns are growing among consumers, and interest in quick recipes to revitalize the global peanut butter market is increasing.
With the rise in lifestyle disorders such as obesity and diabetes and increasing awareness of well-being, consumer demand for delicious food has shifted its appeal to peanut butter as a nutritious alternative. This is attributed to the overall market growth over the past few years.
In addition, the increase in disposable income in developing countries, the raising of awareness regarding healthy choices through brand advertising and campaigns on digital platforms, and the expansion of distribution channels have contributed significantly to market growth.
However, low awareness among people in developing countries and market disruptions caused by the COVID-19 outbreak may hinder peanut butter market growth during the forecast period.
This report also provides an existing competitive scenario for some of the key players in the peanut butter market, including company profilings of The JM Smucker Company (NYSE: SJM), ConAgra Foods, Inc. (NYSE: CAG), Dr. Oetker India Pvt Ltd, Boulder Brands, Algood Food Company, Kraft Heinz Canada ULC, Unilever (AMS: UNA), Procter & Gamble (NYSE: PG), and Hormel Foods Corporation (NYSE: HRL). The profilings include key company information, such as business overviews, products and services, key financial data, and the latest news and developments. Overall, this report outlines a detailed overview of the peanut butter market to assist industry consultants, equipment manufacturers, existing players seeking expansion opportunities, new players exploring possibilities, and other stakeholders in adjusting market-centric strategies based on ongoing situations and anticipated future trends.