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?
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?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL PEANUT BUTTER MARKET
5.1Market Performance
5.2Market Breakup by Product Type
5.3Market Breakup by Distribution Channel
5.4Market Breakup by Region
5.5Market Forecast
6 NORTH AMERICA PEANUT BUTTER MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA PEANUT BUTTER MARKET: BREAKUP BY PRODUCT TYPE
7.1Crunchy Peanut Butter
7.2Smooth Peanut Butter
7.3Others
8 NORTH AMERICA PEANUT BUTTER MARKET: BREAKUP BY DISTRIBUTION CHANNEL
8.1Supermarkets and Hypermarkets
8.2Convenience Stores
8.3Online Stores
8.4Others
9 NORTH AMERICA PEANUT BUTTER MARKET: BREAKUP BY COUNTRY
9.1 United States
9.1.1Historical Market Trends
9.1.2Market Breakup by Product Type
9.1.3Market Breakup by Distribution Channel
9.1.4Market Forecast
9.2 Canada
9.2.1Historical Market Trends
9.2.2Market Breakup by Product Type
9.2.3Market Breakup by Distribution Channel
9.2.4Market Forecast
10 SWOT ANALYSIS
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 VALUE CHAIN ANALYSIS
11.1Overview
11.2Input Suppliers
11.3Raw Material Procurement
11.4Peanut Butter Manufacturers
11.5Marketing
11.6Distributors
11.7Exporters
11.8Retail Buyers
11.9Institutional Buyers
11.10End-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
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL PEANUT BUTTER MARKET
5.1Market Performance
5.2Market Breakup by Product Type
5.3Market Breakup by Distribution Channel
5.4Market Breakup by Region
5.5Market Forecast
6 NORTH AMERICA PEANUT BUTTER MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA PEANUT BUTTER MARKET: BREAKUP BY PRODUCT TYPE
7.1Crunchy Peanut Butter
7.2Smooth Peanut Butter
7.3Others
8 NORTH AMERICA PEANUT BUTTER MARKET: BREAKUP BY DISTRIBUTION CHANNEL
8.1Supermarkets and Hypermarkets
8.2Convenience Stores
8.3Online Stores
8.4Others
9 NORTH AMERICA PEANUT BUTTER MARKET: BREAKUP BY COUNTRY
9.1 United States
9.1.1Historical Market Trends
9.1.2Market Breakup by Product Type
9.1.3Market Breakup by Distribution Channel
9.1.4Market Forecast
9.2 Canada
9.2.1Historical Market Trends
9.2.2Market Breakup by Product Type
9.2.3Market Breakup by Distribution Channel
9.2.4Market Forecast
10 SWOT ANALYSIS
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 VALUE CHAIN ANALYSIS
11.1Overview
11.2Input Suppliers
11.3Raw Material Procurement
11.4Peanut Butter Manufacturers
11.5Marketing
11.6Distributors
11.7Exporters
11.8Retail Buyers
11.9Institutional Buyers
11.10End-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
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
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$), 2023-2028
Table 5: North America: Peanut Butter Market: Competitive Structure
Table 6: North America: Peanut Butter Market: Key Players
Table 1: North America: Peanut Butter Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Peanut Butter Market Forecast: Breakup by Product Type (in Million US$), 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
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
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
