Nut Butters Market: Information by Product Type (Peanut, Almond, Cashew, Hazelnut, and Others), By Category (Conventional and Organic), By Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Convenience Stores, and Others] and Non-Store-Based) and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2028

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As per the statistics, the global nut butters market is anticipated to witness a healthy CAGR of 4.45% to surpass a value of USD 5 Billion during the review period.

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Description

Nut Butters Market—Forecast till 2028

Market Overview
As per the statistics, the global nut butters market is anticipated to witness a healthy CAGR of 4.45% to surpass a value of USD 5 Billion during the review period. Nut Butter is the spread produced using different tree nuts. These spreads are exceptionally nutritional and high in great fat substance and are utilized alternative for peanut margarine and dairy margarine spreads. These are ready by crushing the nuts and are utilized as a healthy snack when consumed with bread. The nut butters market incorporates all the tree nut spread accessible in the market like peanut, almond, cashew, hazelnut, pistachio, and macadamias among others. The worldwide nut butters market is developing at a quick speed inferable from the rising wellbeing cognizance among customers towards smart dieting propensities.
The rising pervasiveness of lactose bigotry among the populace across the globe is prompting an expanded interest in non-dairy items. This has expanded the deals of plant-based items, for example, nut margarine. Moreover, developing shopper inclination for a veggie lover and vegan diet is driving the development of the worldwide nut butters market. In any case, hypersensitive responses related to specific nuts are probably going to hamper market development. By the by, rising interest for natural food items alongside the development of coordinated retail areas in non-industrial countries has made a shrewd market for the players in the nut butters market.

Market Segmentation
The global nut butters market is categorized into product type, category, and Distribution channel.
The product type segment is made up of peanut, almond, cashew, hazelnut, and others.
Whereas the category segment comprises conventional and organic. The distribution channel divides the global nut butters market into store-based and non-store-based.

Regional Analysis
By area, the worldwide nut butters market has been separated into North America, Europe, Asia-Pacific, and the Rest of the World.
North America represented a market portion of 38.15% of the worldwide nut butters market in 2020. The regional market is supposed to enroll a CAGR of 5.19% during the projected time frame. The rising interest for nut margarine in North America is ascribed essentially to the ascent popularity for plant-based food items, nutritional food sources, and sound eating regimens. The idea of veganism and plant-based diet interest and energy is developing across North America. As per our investigation, more than 9.5 million American populaces are eating nut margarine as of now.
The Asia-Pacific district is supposed to be an appealing provincial market for makers of nut margarine during the survey time frame. The region is projected to enlist a CAGR of 5.43% during the conjecture time frame, 2021-2028. China is the main nation-level market in the locale, representing the biggest nut butters market share, during the survey time frame

Major Players
The key players operating in the global nut butters market are Hormel Foods Corporation (US), Hain Celestial (US), Bliss Nut Butters (US), Barney & Co. California, East Wind Nut Butters (US), NuttZo Co (US), Krema Nut Company (US), Pip & Nut (UK), The J. M. Smucker Co. (US), LLC (US), Once Again Nut Butter (US).

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 12
1.1 MARKET ATTRACTIVENESS ANALYSIS 13
1.1.1 GLOBAL NUT BUTTER MARKET, BY PRODUCT TYPE 14
1.1.2 GLOBAL NUT BUTTER MARKET, CATEGORY 15
1.1.3 GLOBAL NUT BUTTER MARKET, DISTRIBUTION CHANNEL 16
1.1.4 GLOBAL NUT BUTTER MARKET, BY REGION 17
2 MARKET INTRODUCTION 18
2.1 DEFINITION 18
2.2 SCOPE OF THE STUDY 18
2.3 RESEARCH OBJECTIVE 18
2.4 MARKET STRUCTURE 19
2.5 KEY BUYING CRITERIA 19
3 RESEARCH METHODOLOGY 20
3.1 RESEARCH PROCESS 20
3.2 PRIMARY RESEARCH 21
3.3 SECONDARY RESEARCH 22
3.4 MARKET SIZE ESTIMATION 23
3.5 FORECAST MODEL 24
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 25
4 MARKET DYNAMICS 26
4.1 INTRODUCTION 26
4.2 DRIVERS 27
4.2.1 RISING PREVALENCE OF LACTOSE INTOLERANCE 27
4.2.2 INCREASING ADOPTION OF VEGETARIAN AND VEGAN DIET 27
4.2.3 DRIVERS IMPACT ANALYSIS 27
4.3 RESTRAINT 28
4.3.1 ALLERGEN REACTION ASSOCIATED WITH CERTAIN NUTS 28
4.3.2 RESTRAINT IMPACT ANALYSIS 28
4.4 OPPORTUNITIES 28
4.4.1 DEMAND FOR ORGANIC FOOD PRODUCTS 28
4.4.2 GROWTH OF THE ORGANIZED RETAIL SECTOR IN ASIA-PACIFIC 29
5 MARKET FACTOR ANALYSIS 30
5.1 VALUE CHAIN ANALYSIS 30
5.1.1 RAW MATERIAL PROCUREMENT 31
5.1.2 PROCESSING 31
5.1.3 PACKAGING 31
5.2 SUPPLY CHAIN ANALYSIS 32
5.3 PORTER’S FIVE FORCES MODEL 33
5.3.1 THREAT OF NEW ENTRANTS 33
5.3.2 BARGAINING POWER OF SUPPLIERS 34
5.3.3 THREAT OF SUBSTITUTES 34
5.3.4 BARGAINING POWER OF BUYERS 34
5.3.5 INTENSITY OF RIVALRY 34
6 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL NUT BUTTER MARKET 35
7 GLOBAL NUT BUTTER MARKET, BY PRODUCT TYPE 36
7.1 OVERVIEW 36
7.1.1 GLOBAL NUT BUTTER MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019–2028 37
7.2 PEANUT 37
7.2.1 PEANUT: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 37
7.3 ALMOND 38
7.3.1 ALMOND: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 38
7.4 CASHEW 39
7.4.1 CASHEW: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 39
7.5 HAZELNUT 40
7.5.1 HAZELNUT: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 40
7.6 OTHERS 41
7.6.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 41
8 GLOBAL NUT BUTTER MARKET, BY CATEGORY 42
8.1 OVERVIEW 42
8.1.1 GLOBAL NUT BUTTER MARKET ESTIMATES & FORECAST, BY CATEGORY, 2019–2028 43
8.2 CONVENTIONAL 43
8.2.1 CONVENTIONAL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 43
8.3 ORGANIC 44
8.3.1 ORGANIC: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 44
9 GLOBAL NUT BUTTER MARKET, BY DISTRIBUTION CHANNEL 45
9.1 OVERVIEW 45
9.1.1 GLOBAL NUT BUTTER MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019–2028 46
9.2 STORE-BASED 47
9.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 47

9.3 NON-STORE-BASED 48
9.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 48
10 GLOBAL NUT BUTTER MARKET, BY REGION 49
10.1 OVERVIEW 49
10.2 NORTH AMERICA 51
10.2.1 US 54
10.2.2 CANADA 55
10.2.3 MEXICO 57
10.3 EUROPE 59
10.3.1 UK 62
10.3.2 GERMANY 63
10.3.3 FRANCE 65
10.3.4 ITALY 66
10.3.5 SPAIN 68
10.3.6 REST OF EUROPE 69
10.4 ASIA-PACIFIC 71
10.4.1 CHINA 74
10.4.2 INDIA 75
10.4.3 JAPAN 77
10.4.4 AUSTRALIA & NEW ZEALAND 78
10.4.5 REST OF ASIA-PACIFIC 80
10.5 REST OF THE WORLD 82
10.5.1 SOUTH AMERICA 84
10.5.2 MIDDLE EAST 86
10.5.3 AFRICA 87
11 COMPETITIVE LANDSCAPE 89
11.1 INTRODUCTION 89
11.1.1 MARKET STRATEGY ANALYSIS 89
11.2 COMPETITIVE BENCHMARKING 90
11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 91
11.3.1 PRODUCT LAUNCH 91
12 COMPANY PROFILES 92
12.1 HORMEL FOODS CORPORATION 92
12.1.1 COMPANY OVERVIEW 92
12.1.2 FINANCIAL OVERVIEW 93
12.1.3 PRODUCTS OFFERED 93
12.1.4 KEY DEVELOPMENTS 94
12.1.5 SWOT ANALYSIS 94
12.1.6 KEY STRATEGIES 95
12.2 HAIN CELESTIAL 96
12.2.1 COMPANY OVERVIEW 96
12.2.2 FINANCIAL OVERVIEW 96
12.2.3 PRODUCTS OFFERED 97
12.2.4 KEY DEVELOPMENTS 97
12.2.5 SWOT ANALYSIS 98
12.2.6 KEY STRATEGIES 98
12.3 THE J. M. SMUCKER CO 99
12.3.1 COMPANY OVERVIEW 99
12.3.2 FINANCIAL OVERVIEW 99
12.3.3 PRODUCTS OFFERED 100
12.3.4 KEY DEVELOPMENTS 100
12.3.5 SWOT ANALYSIS 101
12.3.6 KEY STRATEGIES 101
12.4 BLISS NUT BUTTERS 102
12.4.1 COMPANY OVERVIEW 102
12.4.2 FINANCIAL OVERVIEW 102
12.4.3 PRODUCTS OFFERED 102
12.4.4 KEY DEVELOPMENTS 102
12.4.5 SWOT ANALYSIS 103
12.4.6 KEY STRATEGIES 103
12.5 BARNEY & CO. CALIFORNIA, LLC 104
12.5.1 COMPANY OVERVIEW 104
12.5.2 FINANCIAL OVERVIEW 104
12.5.3 PRODUCTS OFFERED 104
12.5.4 KEY DEVELOPMENTS 104
12.5.5 SWOT ANALYSIS 105
12.5.6 KEY STRATEGIES 105
12.6 EAST WIND NUT BUTTERS 106
12.6.1 COMPANY OVERVIEW 106
12.6.2 FINANCIAL OVERVIEW 106
12.6.3 PRODUCTS OFFERED 106
12.6.4 KEY DEVELOPMENTS 106
12.6.5 KEY STRATEGIES 106

12.7 NUTTZO CO 107
12.7.1 COMPANY OVERVIEW 107
12.7.2 FINANCIAL OVERVIEW 107
12.7.3 PRODUCTS OFFERED 107
12.7.4 KEY DEVELOPMENTS 107
12.7.5 KEY STRATEGIES 108
12.8 KREMA NUT COMPANY 109
12.8.1 COMPANY OVERVIEW 109
12.8.2 FINANCIAL OVERVIEW 109
12.8.3 PRODUCTS OFFERED 109
12.8.4 KEY DEVELOPMENTS 109
12.8.5 KEY STRATEGIES 109
12.9 PIP & NUT 110
12.9.1 COMPANY OVERVIEW 110
12.9.2 FINANCIAL OVERVIEW 110
12.9.3 PRODUCTS OFFERED 110
12.9.4 KEY DEVELOPMENTS 110
12.9.5 KEY STRATEGIES 110
12.10 ONCE AGAIN NUT BUTTER 111
12.10.1 COMPANY OVERVIEW 111
12.10.2 FINANCIAL OVERVIEW 111
12.10.3 PRODUCTS OFFERED 111
12.10.4 KEY DEVELOPMENTS 111
12.10.5 KEY STRATEGIES 111
13 REFERENCES 112

Companies Mentioned

Hormel Foods Corporation (US), Hain Celestial (US), Bliss Nut Butters (US), Barney & Co. California, East Wind Nut Butters (US), NuttZo Co (US), Krema Nut Company (US), Pip & Nut (UK), The J. M. Smucker Co. (US), LLC (US), Once Again Nut Butter (US).

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