Article -> Article Details
| Title | Nut Butters Market Report 2024: Comprehensive Insights into Size, Share, and Future Growth |
|---|---|
| Category | Business --> Food and Related |
| Meta Keywords | Nut Butters Market |
| Owner | Cassie |
| Description | |
| Nut Butters Market Overview: The Nut Butters Market will obtain a value of USD 5.04
Billion and a CAGR of 4.50% between 2024-2032. 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. Key Players: The Nut
Butters Market Companies 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 Market Segmentation: The Nut Butters Market 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. Regional Analysis: The North American, European, Asia-Pacific, and Rest of the
World regions make up the worldwide nut butter industry.
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%. 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: Dietary Fiber Gummies Market: https://www.marketresearchfuture.com/reports/dietary-fiber-gummies-market-27106 Digestive Bitters Market: https://www.marketresearchfuture.com/reports/digestive-bitters-market-27116 Dinner Ready To Eat Food Market: https://www.marketresearchfuture.com/reports/dinner-ready-to-eat-food-market-27122 Cooking Coconut Milk Market: https://www.marketresearchfuture.com/reports/cooking-coconut-milk-market-27266 Dinner Rte Foods Market: https://www.marketresearchfuture.com/reports/dinner-rte-foods-market-27272 Dried Blueberries Market: https://www.marketresearchfuture.com/reports/dried-blueberries-market-27276 About Market Research Future: Market Research Future (MRFR) is a world-renowned market
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