Peanut butter is a high protein, low calorie product that possess high nutritional value. It is healthy alternative to dairy butter and used as bread spread. Major market presence of peanut butter is in western countries in comparison to Asian countries such as India as product is relatively new to the Asian region. Peanut butter is used in various applications in the form of spread and is used as the substitute for milk butter. However, in comparison to other spreads peanut butter is a low calorie product with high protein content. Consumption of peanut butter includes various benefits associated with it such as it helps to reduce the weight and also possess optimum nutrition value. Peanut butter are also available in powder form and used in various applications such as breakfast food, savory sauces and smoothies.
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Peanut Butter Market Segmentation
Peanut butter market is segmented on the basis of product type, distribution channel and region. On the basis of product type peanut butter market is divided into regular, low sodium, low sugar and plain. Among all the segments of the peanut butter, regular peanut butter is the dominating segment, followed by other segments. However, low sodium peanut butter is expected to show fastest growth in the forthcoming years. Peanut butter market is segmented on the basis of distribution channel into supermarkets, hypermarkets, retailers and others. Among all the segments of peanut butter market supermarket segment is expected to contribute maximum revenue to the overall revenue of the peanut butter market, followed by hypermarkets and retailers. Peanut butter market are segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East and Africa and Japan.
Peanut Butter Market: Region-wise Outlook
The global peanut butter market is expected to witness robust growth over the...