According to the latest report by IMARC Group, titled “North America Peanut Butter Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the north america peanut butter market reached a volume of 258.7 Kilo Tons in 2020. Looking forward, IMARC Group expects the market to reach a volume of 311.2 Kilo Tons by 2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Peanut butter is a rich, brown, creamy paste that is made from blanched and dry roasted peanuts. It also involves the use of salt, stabilizers, and sugar, which enhances the product’s taste, smoothness, and flavor. Peanut butter is a rich source of magnesium, protein, zinc, vitamin E, and unsaturated fats, which assist in improving heart health, reducing the chances of developing diabetes, preventing gallstones, and maintaining optimum body weight. At present, it is commercially available in smooth and crunchy forms.
One of the prime factors driving the North America peanut butter market is significant growth in the food and beverage (F&B) sector, wherein it is used as a key ingredient for preparing various consumer products, including rolls, cornbread, chocolate, brownies, savory sauces, and other baked goods. This is further supported by the increasing health consciousness amongst consumers, which, in turn, is facilitating the demand for healthy food products and snacking options, such as peanut butter. Apart from this, the widespread adoption of innovative marketing strategies by key players, along with the increasing sales of packaged and ready-to-eat (RTE) meals with longer shelf-life, are creating a positive outlook for the market across the region.
North America Peanut Butter Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the north america peanut butter market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the north america peanut butter market on the basis of type, distribution channel and country.
Breakup by Product Type:
- Crunchy Peanut Butter
- Smooth Peanut Butter
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Country:
- United States
- Canada
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/north-america-peanut-butter-market
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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