Global Peanut Butter Market Anticipated to Exceed USD 4383 Billion by 2031, Driven by Steady 4.3% CAGR
According to our (Global Info Research) latest study, the global Peanut Butter market size was valued at US$ 3276 million in 2024 and is forecast to a readjusted size of USD 4383 million by 2031 with a CAGR of 4.3% during review period.
Peanut butter is a food paste or spread made from ground, dry-roasted peanuts. It commonly contains additional ingredients that modify the taste or texture, such as salt, sweeteners, or emulsifiers. Consumed in many countries, it is the most commonly used of the nut butters, a group that also includes cashew butter and almond butter (though peanuts are not botanically nuts, peanut butter is culinarily considered a nut butter).
The peanut butter market has seen an increase in demand for healthier, all-natural, and premium variants. Consumers are becoming more health-conscious, with many choosing peanut butter products that are free from additives, preservatives, and unhealthy fats. Organic and non-GMO peanut butter options have gained significant traction, especially among consumers who prioritize clean eating. The trend of consuming plant-based products is another factor driving the growth of peanut butter as an alternative to animal-based butters like dairy.
Moreover, there is a growing preference for peanut butter with additional functional benefits, such as those fortified with protein, fiber, or added vitamins. These types of peanut butter appeal to health enthusiasts, athletes, and individuals following specific dietary plans. Peanut butter brands that emphasize sustainability, ethical sourcing, and eco-friendly packaging are also seeing increased consumer support, especially among environmentally conscious buyers.
The rise of plant-based diets and the increasing use of peanut butter in various snack products, such as protein bars, smoothies, and healthy baking goods, suggests that the product will continue to see robust growth. Additionally, the versatility of peanut butter as an ingredient in both savory and sweet foods further ensures its continued popularity.
The peanut butter market can be broadly categorized into two types: salted and sweet peanut butter. Salted peanut butter is favored by consumers who enjoy a savory, rich taste with a slight salty kick. This variant is often used in sandwiches, baking, and as a dip for vegetables, crackers, or fruits. The addition of salt enhances the overall flavor profile, making it more appealing to those who prefer a savory snack option.
On the other hand, sweet peanut butter is often sweetened with ingredients such as sugar or honey, offering a smoother, sweeter taste that is perfect for spreading on toast, adding to smoothies, or as a topping for pancakes and desserts. This variant targets consumers with a sweeter palate, often children, but also adults who enjoy a sweeter spread with their morning breakfast or snacks. The sweetened variety has a broader appeal due to its sweetness and versatility in baking, confectionery, and snack products.
These two variants cater to different taste preferences and consumer needs, which is essential in driving market segmentation. Offering both types allows manufacturers to tap into distinct consumer segments, while also maintaining a broad market reach.
This report is a detailed and comprehensive analysis for global Peanut Butter market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
"Peanut Butter" 2025 Breakdown, Data Source, Secondary Sources, Primary Sources, Research Report delivers leading competitors strategic analysis, with micro and macro-economic factors, market trends, future growth scenarios, with pricing analysis. This report provides a holistic overview on Market Current Situations, Key Collaborations, Merger & Acquisitions along with Trending Innovations and New Business Development Policies. A detailed professional report focusing on primary and secondary growth drivers, regional segments, growth share, and geographical analysis of top key players. Peanut Butter trend analysis with historical data, estimates to 2025 and Compound Annual Growth Rate (CAGR) forecast to 2031.
Top Key Players Covered in Market Report 2025-2031:Sunshine Peanut、Hormel Foods Corporation (Skippy)、The Kraft Heinz Company、The J.M. Smucker Company、Sonya Foods Pvt. Ltd.、Qingdao Foods Co.,Ltd、Wangzhihe、Dr. Oetker GmbH、Alpino Health、The Leavitt Corporation (Teddie)、Good Choice MFG、Saaz Foods、Petrow Food Group、Peanut Butter & Co
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Short Description of the Peanut Butter 2025-2031:
Market Overview of Global Peanut Butter: According to our latest research, the global Peanut Butter looks promising in the next 6 years. As of 2025, the global Peanut Butter was estimated at USD Million, and it’s anticipated to reach USD Million in 2031, with a CAGR during the forecast years. This report covers a research time span from 2020 to 2031, and presents a deep and comprehensive analysis of the global Peanut Butter, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Global and Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Market Segmentation
Peanut Butter report provides an exhaustive 360-degree analysis, by utilizing both primary and secondary research techniques. The research gained comprehensive insights into current market dynamics, pricing trends, developments, supply-demand and evolving consumer behaviors.
On the basis of product type, this report displays the production, revenue, price, market
Salted Peanut Butter、Sweet Peanut Butter
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each
Physical Store、Online Store
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Our method for estimating market size is holistic and multifaceted. We assess vital industry trends, regulatory landscapes, and segment-specific dynamics, evaluating their potential influence on demand projections. Key macroeconomic factors, including price fluctuations, demographic shifts, and changes in demand patterns, are integrated into our calculations. To discover market value, we not only delve deep into the profiles of prominent players and their global market shares but also rely on our frequently updated internal database, enriched with insights and announcements from pivotal market stakeholders.
Some of the Key Questions Answered in this Report:
1. What is the Peanut Butter size at the regional and country level
2. What are the key drivers, restraints, opportunities, and challenges of the Peanut Butter, and how they are expected to impact the market
3. What is the global (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) sales value, production value, consumption value, import and export of Peanut Butter
4. Who are the global key manufacturers of the Peanut Butter? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)
5. What are the Peanut Butter opportunities and threats faced by the vendors in the Peanut Butter?
6. Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
7. What focused approach and constraints are holding the Peanut Butter?
8. What are the different sales, marketing, and distribution channels in the global industry?
9. What are the key market trends impacting the growth of the Peanut Butter?
10. Economic Impact on the Peanut Butter and development trend of the Peanut Butter
11. What are the Peanut Butter opportunities, market risk, and market overview of the Peanut Butter
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Hydrogen Bromide product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Hydrogen Bromide, with price, sales, revenue and global market share of Hydrogen Bromide from 2020 to 2025.
Chapter 3, the Hydrogen Bromide competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Hydrogen Bromide breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2020 to 2024.and Peanut Butter forecast, by regions, type and application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Hydrogen Bromide.
Chapter 14 and 15, to describe Hydrogen Bromide sales channel, distributors, customers, research findings and conclusion.
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