Nut Butters Market Overview:
The Nut Butters Market Size will obtain a value of USD 5.04 Billion and a CAGR of 4.50% between 2022-2030.
Spreads prepared from various tree nuts are known as nut butter. These spreads can be used in place of dairy butter spreads and peanut butter because they are highly nutritious and high in healthy fats. These are made by crushing the nuts and make for easy snacks when paired with bread. Every type of tree nut butter sold on the market, including peanut, almond, cashew, hazelnut, pistachio, and macadamia, is included in the nut butter market.
The demand for vegan and vegetarian diets is another factor propelling the global nut butters market expansion. However, the allergic responses linked to some nuts are expected to impede market expansion. However, the market for nut butter has become more competitive due to the growing demand for organic food products and the expansion of organized retail in emerging countries. Global sales of chocolate are anticipated to increase exponentially,
primarily driving the market for nut butter worldwide. Moreover, the market is developing due to the rising demand for healthy components in chocolate products, the appeal of chocolate as a gift, and innovative packaging. The prevalence of obesity and other health issues is on the rise, which inhibits market expansion. Market participants see numerous prospects for expansion due to rising demand for health & wellness items and a preference for organic goods. The biggest problem facing nut butter manufacturers worldwide is the rise in consumer health consciousness.
Regional Analysis:
The North American, European, Asia-Pacific, and Rest of the World regions make up the worldwide nut butter market. North America holds the greatest market share. In 2020, Europe was the second-largest market, and it is anticipated that it will grow at a CAGR of 4.8% throughout the review period. During the forecast period, the market in Asia-Pacific is anticipated to grow at a CAGR of 5.43%.
Market Segmentation:
The Nut Butters Market Overview is divided into product type, application, form, and region segments. The nut butter market is divided into subcultures: chestnuts, walnuts, pistachios, cashew nuts, almonds, hazelnuts, and brazil nuts. Further, it has been divided into two categories: organic and conventional. Almonds, peanuts, hazelnuts, walnuts, cashews, pistachios, and other nuts dominate the market. The market is divided into hypermarkets/supermarkets, convenience stores, online channels, and other distribution channels. Bakery & confectionery, flavored drinks, snacks, butter & spreads, dairy products, direct consumption/culinary purposes, breakfast cereals, and others are the nut butters market application segments.
Key Players:
The Nut Butters market major player such as 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 are working on expanding the market demand by investing in research and development activities
Recent Developments:
the Santa Cruz Organic brand of the J.M. Smucker Company released creamy dark roasted almond butter in January 2021. The new item has a silky texture and only two ingredients: sea salt and organic dry roasted almond.
Squeeze creamy peanut butter will be produced by The J.M. Smucker Company under the Jif brand starting in June 2020. With the introduction of this product, the company’s selection of peanut butter was broadened.
Three new nut butter products, including five seed tahini fusion, keto butter, and chocolate keto, were introduced by NuttZo Co. in July 2021. This introduction broadened its product line.
Related Reports:
Soups market Information By Type (Dry, Wet, and Others), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, and Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World)—Forecast till 2027
Rapport d’étude mondial sur le marché des épices biologiques par type (basilic, ail, gingembre, curcuma, cumin, cannelle, poivre, clou de girofle, cardamome et autres), forme (entier, moulu/poudre, autres) Canal de distribution (en magasin [supermarchés et hypermarchés, magasins de proximité et autres], hors magasin) et région (Nord) Amérique, Europe, Asie-Pacifique et reste du monde) – Prévisions jusqu’en 2030
Marktinformationen für funktionale Getränke nach Typ (Energy-Drinks, Sportgetränke), nach Vertriebskanal (Ladenbasiert, nicht im Geschäft), nach Funktion (Gesundheit & Wellness, Gewichtsmanagement) – Prognose bis 2027
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: [email protected]
