According to HTF Market Intelligence, the Global Nut Butters market to witness a CAGR of 8.7% during forecast period of 2023-2028. The market is segmented by Global Nut Butters Market Breakdown by Type (Peanut, Almond, Cashew, Hazelnut, Others) by By Butter Category (Conventional, Organic) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Nut Butters market size is estimated to increase by USD 1.49 Billion at a CAGR of 8.7% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 3.55 Billion.
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The nut butters market refers to the industry that produces and sells various types of nut-based spreads, including but not limited to peanut butter, almond butter, cashew butter, and hazelnut spread. These spreads are typically made by grinding nuts into a paste, which can be eaten on its own or used as a spread on bread, crackers, and other foods. Nut butters are often marketed as a healthier alternative to traditional spreads like butter and margarine, as they are a good source of protein, healthy fats, and other nutrients. The nut butter market includes both large manufacturers as well as small, artisanal producers who specialize in creating unique and flavorful spreads.
Nut Butters market – Key Segment Analysis
The market share growth by the Peanut, Almond segment will be significant during the forecast period. The segment is driven by the Enriched With Vitamins and Minerals.
Nut Butters market – Competition Analysis
The global Nut Butters market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Planters (United States), Nutella (Italy), J. M. Smucker Co. (United States), Bliss Nut Butter (United States), Hershey Company (United States), Smart Balance (United States), NuttZo Co (United States), Krema Nut Company (United States), Pip & Nut (United Kingdom), Peter Pan (United States).
Nut Butters market – Geographical Outlook
North America will provide maximum growth opportunities in Nut Butters market. According to our research, the region will account for xx% of the global market growth during the forecast period. The market in North America is driven by Increasing Health Consciousness amongst Consumers.
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What key data is demonstrated in this Nut Butters market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the Nut Butters market between 2023 and 2028
- Precise estimation of the size of the Nut Butters market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle Eastand Africa; further broken down by major country within region.
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Nut Butters market players
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Some Extracts from Table of Content
Some Extracts from Table of Content
– Overview of Nut Butters Market
– Market dynamics
Growth Drivers, Market Trends, Opportunities and Challenges
– Five Forces Analysis
Bargaining power of buyers, bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry
– Nut Butters Size (USD & Sales Volume) Comparison by Type (2017-2028)
– Nut Butters Size (USD & Consumption) and Market Share Comparison by Application (2017-2028)
– Nut Butters Size (Value & Volume) Comparison by Region (2017-2028)
– Market Capacity, Production, Export-Import by Region (2017-2022E)
– Nut Butters Market Sales, Revenue and Growth Rate (2017-2028)
– Competitive Situation and Trends
– Market Positioning and Share Analysis (2020-2022E)
– Suppliers High-Performance Operational Base Distribution
– Analyse competitors, Profiles, Sales Area, Product Category
– Nut Butters Cost Analysis
– Marketing Strategy Analysis
– Research Conclusions
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